13 Common Garden Street, Lancaster, LA1 1XD

The property comprises a ground floor self-contained retail unit with 2 separately accessed one bed flats on the first floor.
Ground floor Let to Amplifon Ltd on 9-year lease expiring 27 April 2031 at a passing rent of £15,000 pa.
The residential flats are let from August 2024 on dual occupancy, generating a gross rental of £25,920 per annum.
Freehold
Two dedicated car parking spaces.
The total gross rental passing is £40,920 pa and the estimated net rent receivable after deducting landlord costs is £35,000 pa.
Seeking offers in excess of £450,000. (Four Hundred and Fifty Thousand Pounds).
A purchase at this level provides an attractive NIY of 7.45% assuming usual purchasers costs at 4.47%

13 Common Garden Street