Perpignan Way, St. Nicholas Arcades, Lancaster

LOCATION
Lancaster, one of England’s 13 Heritage Cities, has a City Centre population of 48,085 with a Local Authority population of 48,085 (source: ONS – 2021 Census). Lancaster University, ranked in the UK’s Top 10 Universities by the Guardian for 2021, is home to almost 17,000 students with almost a third of those being from overseas.

Anchored by Next and Boots, St Nics is a covered, un-gated scheme that merges into prime Penny Street and benefits from a 300 space undercroft car park. The occupier line up offers a mix of retailers including Lush, o2, Superdrug, Costa, The Entertainer, Trespass and HMV amongst others.

The subject premises are in a prominent corner location adjacent to Trespass, opposite The Entertainer and by the car park access.

ACCOMMODATION
The premises comprise the following net internal floor areas:

Ground Floor Area – 890 sq ft
First Floor Area – 779 sq ft

TERMS
The shop unit is available on a new effectively full repairing and insuring lease.

RENT
Upon Application

SERVICE CHARGE
The current service charge estimate is £12,536 per annum.

Further details upon request.

RATES
Rateable Value (2023) £23,500

Interested parties are advised to make their own enquiries with the Local Authority (Tel: 03000 501 501) or visit www.voa.gov.uk.

COSTS
All figures quoted are subject to VAT where applicable. The ingoing party is to be responsible for their own legal costs incurred in the transaction where applicable.

EPC
The property has an EPC rating of 107 (E). A copy of the EPC is available upon request.

SUBJECT TO CONTRACT & WITHOUT PREJUDICE