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For SalePOA

For Sale - Mixed Use Investment Opportunity - Parkfield, Greaves Road, Lancaster

Residential, Land, Offices, Office, Commercial Land , 5025 Sq Ft
Property type: Residential, Land, Offices, Office, Commercial Land
Tenure: Investment Opportunity, For Sale Freehold
Size: 5025 Sq Ft
Price: POA
Location: Parkfield, Greaves Road, LA1 4TZ
Additional Sizes: 0.287 - 0.287 Acres
Location
The property is situated within Greaves Park immediately to the south of Lancaster City Centre fronting on to Greaves Road (A6) being the main thoroughfare into Lancaster from the south.
The location provides easy access to the City Centre including mainline railway station whilst also providing easy access to the south and the national motorway network with access via junction 33 of the M6 motorway.
The property lies within Greaves Park which is publicly managed and maintained providing substantial grassed and treed areas to all elevations.

Description
A substantial detached former domestic dwelling being of cut stone construction beneath slate roof. The property provides accommodation over 2 levels being mainly cellular offices in addition to 2 self contained residential apartments.
The building retains many of its original features both internally and externally in addition to providing external car parking to the north and south of the property in addition to a separate area of land to the south.
The bulk of the office element is currently let with voids being vacated by the previous Landlord.
Vacant possession of both apartments has also been secured with previous lettings being on assured shorthold tenancies at £595 pcm. The current gross income is therefore £30,380 per annum.

Accommodation
Please refer to the attached accommodation
schedule.

Services
We understand the premises generally benefit from mains electricity, gas, water and drainage.

Rating
The premises has 4 rateable values and 2 council tax bands as follows:
The Annexe £1,600
Loxam Limited £4,050
Thomas Newall Limited £9,000
The Library & Units 1-6 £14,750
Apartment 1 Band A
Apartment 2 Band A
Interested parties are, however, advised to make
their own separate enquiries with Lancaster City
Council (tel. 01524 582920).

Planning
We understand that the premises benefit from planning permission generally within classes B1(a) & C3 of the Town & Country Planning (Use Classes) Order 1987 (as amended).
Interested parties should make their own enquiries via the Local Planning Authority, Lancaster City Council (01524 582900).

Tenure and occupational lease information
The site and premises are available freehold, subject to an occupational lease to HW Communications Ltd (Company number
02529926). HW have been in occupation since 2003 with current agreement ceasing on the 31st December 2019. The current passing rent is £30,380 per annum, exclusive. Discussions are taking place with HW Communications regarding a new lease. Further information is available upon request.
Vacant possession of both apartments has been secured. The previous occupations were on assured short hold tenancies at £595 pcm.

Proposal
Offers are invited subject to the benefit of the current income.
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