Location The premises are situated in a prominent location fronting the pedestrianised area of Penny Street between Common Garden Street and Spring Garden Street. Penny Street forms part of the City’s main retail core and provides a major pedestrian thoroughfare through the City. Neighbouring occupiers include Oxfam, Gorrills of Lancaster, CEX Entertainment, Barnardos and Betfred with other major retailers including Marks & Spencers within close proximity.
Description The subject premises comprise the ground floor of a three-storey mid-terraced property of stone construction beneath a pitched roof covering.
The ground floor provides open plan sales accommodation together with kitchen and WC facilities to the rear. Extensive ancillary storage is provided within the basement.
The retail unit benefits from an attractive timber shopfront with central entrance door and is well presented throughout benefiting from recessed spotlighting and timber flooring.
Accommodation The premises extend to the following approximate net internal floor area (NIA): m² ft² Ground floor sales 39.42 424.3 Kitchen 6.43 69.2 Total NIA 45.85 493.5 Basement storage 32.91 354.2
Services We understand that the subject premises benefit from mains connection to electricity and drainage supplies and have a shared water supply provided by the Landlord.
Rating Assessment The premises have a Rateable Value of £12,250. Interested parties should make their own enquiries of Lancaster City Council (tel. 01524 582920).
Planning The premises benefit from an established planning use within Class A1 (retail shops) of the Use Classes Order 1987 (as amended). Interested parties should make their own enquiries of the local planning authority, Lancaster City Council (tel. 01524 582900).
Tenure The premises are available by way of a new effective full repairing and insuring lease for a term to be agreed. The tenant will contribute towards the costs of the maintenance and upkeep of the external fabric of the building and services provided by the Landlord.
Asking Rental Offers in the region of £15,500 per annum exclusive.
58 Penny Street, Lancaster, LA1 1XFGBLancashireLA1 1XF58, Penny Street