17 New Street Lancaster Lancashire LA1 1EG

17 New Street
Lancaster
Lancashire
LA1 1EG

Freehold Retail Investment

Historic City Centre location on busy pedestrianised retailing thoroughfare
Let to Ultimate Outdoors Limited
Close to St Nicholas Arcades and Marketgate Shopping Centre
VAT free investment

Lot
117
Auction
18th October 2018
Rent
£26,000 per Annum Exclusive
Status
Sold
Price
£186,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Joint Administrators at Moorfields

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Freehold Retail Investment

Historic City Centre location on busy pedestrianised retailing thoroughfare
Let to Ultimate Outdoors Limited
Close to St Nicholas Arcades and Marketgate Shopping Centre
VAT free investment

Lot 117
Auction 18th October 2018
Rent £26,000 per Annum Exclusive
Status Sold
Price £186,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Joint Administrators at Moorfields

Property Information

Location

Miles: 20 miles south of Kendal, 25 miles north-east of Blackpool, 53 miles north-west of Manchester
Roads: A683, A6, M6 (Junction 33)
Rail: Lancaster Rail Station
Air: Leeds Bradford, Manchester International

Situation

Lancaster is a historic and strategically important commercial centre located 25 miles north-east of Blackpool, 53 miles north-west of Manchester and 20 miles south of Kendal and the Lake District. The city is located within 2.5 miles of the M6 Motorway. The property is located in the city centre on the pedestrianised New Street, close to its junction with Market Street. Occupiers nearby include Barclays, TK Maxx, Lloyds, HSBC, H Samuel, Caffè Nero and Starbucks.

Tenure

Freehold.

Location

Miles: 20 miles south of Kendal, 25 miles north-east of Blackpool, 53 miles north-west of Manchester
Roads: A683, A6, M6 (Junction 33)
Rail: Lancaster Rail Station
Air: Leeds Bradford, Manchester International

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first, second and third floors.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

EPC

Description

The property comprises a ground floor shop with ancillary accommodation on the first, second and third floors.

VAT

VAT is not applicable to this lot.

Note

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First Second Third	Retail/Ancillary Ancillary Ancillary Ancillary	105 sq m 69 sq m 76 sq m 15 sq m	(1,130 sq ft) (743 sq ft) (818 sq ft) (161 sq ft)	ULTIMATE OUTDOORS LIMITED (1)	5 years from 26/07/2007	£26,000	Holding Over
Total		265 sq m	(2,852 sq ft)			£26,000

(1) In 2014, the business was acquired by JD Sports Fashion plc and is part of the Blacks family of stores including Millets, Blacks and Ultimate Outdoors (Source: www.ultimateoutdoors.com).