67-71 Market St
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67-71 Market St
6,381 SF 100% Leased Office Building Lancaster LA1 1JG £675,000 (£106/SF) 8.33% Net Initial Yield
Investment Highlights
- Lancaster Rail Station lies approximately 250m to the west whilst the bus station is 300m to the north east.
- Lancaster is a historic cathedral city with 2 universities boasting a thriving student population.
- Highly prominent period building on the junction with the pedestrianised Market Street and King Street/China Street being a main City thoroughfare.
Executive Summary
Current passing rent of £56,260 per annum exclusive. Various asset management opportunities.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
6,381 SF
Building Class
B
Year Built
1960
Price
£675,000
Price Per SF
£106
Net Initial Yield
8.33%
NOI
£56,260
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
2,127 SF
Building FAR
0.92
Land Acres
0.16 AC
Amenities
- 24 Hour Access
- Kitchen
- Common Parts WC Facilities
- Shower Facilities
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Mark Clarkson -
Harry Holden -
Eckersley
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67-71 Market St
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