£ 1,100,000 OIRO Freehold
7,880 sq ft
Overview
Fully let mixed use investment property for sale in prominent city centre location.
Freehold sale by auction on 10th December 2025 - Guide price of £1.1 M.
Secure rental income: - currently over £103k with clear potential for in excess of £117k per annum
Features
- Mixed use
- Extending to 732 square meters (7,880 square feet)
- Rare investment opportunity
Location
The property is located in the heart of Lancaster, on the corner of King Street and Middle Street, close to national multiples such as Tesco, Primark and J D Wetherspoon, and within walking distance of a mix of retail and residential properties, most notably the Market Gate Shopping Centre.
Lancaster is a thriving university city, home to two major campuses – Lancaster University, consistently ranked among the top 10 universities in the UK, and the University of Cumbria’s Lancaster Campus, situated close to the city centre.
Nearby attractions include Lancaster Castle and Lancaster Cathedral, both approximately 5 minutes’ walk away. Lancaster is roughly equidistant between Blackpool and Kendal in the Lake District (20-25 miles away) and is just over 50 miles north of Manchester. This property benefits from excellent transport connections, with Lancaster’s main railway station close by and very easy access to Junctions 33 and 34 of the M6 motorway.
The city is a strategically significant commercial centre, which together with its neighbouring towns, provides a substantial catchment population of approximately 145,000 residents.
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