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FOR SALE – Part Let INVESTMENT Property, China Street, Lancaster

FOR SALE – Part Let INVESTMENT Property, China Street, Lancaster

Priory Hall, 10 China Street, ,

Offers in excess of £ 300,000

 Property Overview

FOR SALE - Substantial Priory Hall building in prominent location on China Street offered as a part let Investment property with accommodation on both ground floor and first floor.Lower Priory Hall is let to J Atkinson & Co (Lancaster) Limited together with 4 no. car parking spaces accessed from Castle Hill. Upper Priory Hall is currently vacant and principally accessed from Castle Hill.Overall particularly spacious premises offering great potential. This is a part investment sale and therefore subject to any existing leases.

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    Location
    City centre premises fronting the one way system on China Street together with rear access from Castle Hill opposite The Castle.

    The subject building is situated in the heart of the city centre within easy walking distance of all amenities.

    Lancaster is a busy University City and the principal town of North Lancashire. Well placed adjacent to the M6 motorway, it is approximately equidistant from Preston and Kendal which are both some 20 miles away and easily accessible from junctions 33 and 34 of the M6 motorway.

    Description
    Substantial character commercial premises on two levels split as to Lower Priory Hall and Upper Priory Hall. Extremely spacious accommodation overall.

    Lower Priory Hall is currently occupied and let to J Atkinson & Co (Lancaster) Limited, accessed to the front from China Street together with 4 no. car parking spaces accessed to the rear from Castle Hill with pedestrian access down to Lower Priory Hall.

    Upper Priory Hall is currently vacant and principally accessed to the rear from Castle Hill.

    Accommodation of Lower Priory Hall

    Ground Floor
    Front Entrance from China Street.

    Large Coffee Shop

    Ancillary Rooms

    Kitchen

    Preparation Room

    Boiler House

    Packaging Room & Office

    Overall Floor Area of Ground Floor
    Overall Floor Area of Ground Floor some 3,380 sq ft or thereabouts.

    Accommodation of Upper Priory Hall

    First Floor
    Front Entrance from Castle Hill

    Entrance Hall

    Main Hall
    Expansive open space with vaulted ceiling.

    Office

    Office

    Dining Kitchen
    Fitted kitchen with dining area.

    Various Toilets
    Accessed from the entrance hall.

    Overall Floor Area of First Floor
    Overall Floor Area of First Floor some 2,464 sq ft or thereabouts.

    Services
    We understand all mains services are available to the premises.

    Income & Lease Terms
    Current rental income £13,000 per annum from Lower Priory Hall let to a well known local trader J Atkinson & Co (Lancaster) Limited as a coffee shop and kitchen with ancillary rooms, front pedestrian access from China Street. Also included in this lease 4 no. car parking spaces accessed from Castle Hill. Lease term 10 years from 23/12/2016. Further detailed information on the lease available by contacting Fisher Wrathall Commercial.

    PLEASE NOTE
    The vendors would consider offers for the whole and for the two parts individually which would require legally splitting at the time of purchase.

    OFFER CLOSING DATE
    We have now been instructed to request offers in writing by NOON on 3/11/2023. Any queries on this point please contact the agents.

    Viewing Arrangements
    Strictly by appointment with Fisher Wrathall Commercial, 82 Penny Street, Lancaster, LA1 1XN.
    Please call 01524 69922 to arrange or email: info@fwcommercial.co.uk

    Documents
    Brochure
    Address: Priory Hall, 10 China Street
    Area:
    Zip: LA1 1EX
    Country: United Kingdom
    Open In Google Maps
    Property Id : 841537
    Price: Offers in excess of £ 300,000
    Other Features
    In The Heart Of The City Centre
    Offering Great Potential
    Part Let Investment Property
    Particularly Spacious Premises
    Substantial Priory Hall Building In Prominent Location

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