Property Search

Lancaster - St Nicholas Arcades Unit 8 (3/5 Perpignan Way) LA1 1NE

Ground Floor 928 sq ft | Additional 753 sq ft | Rent £25,000 per annum

pdf Lancaster Unit 8 (3 5 Perpignan Way) (14.86 MB)

Location

Lancaster, one of England’s 13 Heritage Cities, has a City Centre population of 48,085 with a Local Authority population of 138,375 (source: ONS – 2011 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. The City Centre provides a well connected and compact retail offer and benefits from having avoided over-development and as such the overall vacancy rate is relatively low in the primary retail pitches.

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 undercoft 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 provide the following approximate dimensions and net internal floor areas.

Floor sq.m. sq.ft.
Internal Width 7.1 m (23’4”)
Shop Depth 13.44 m (44’2”)
Ground Floor 56.21 sq m (928 sq ft)
First Floor 70 sq m (753 sq ft)
(All calculations have been calculated in imperial and converted to metric)

Terms

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

Rent

£25,000 per annum exclusive of service charge, insurance, business rates and VAT.

Service Charge

The current service charge is £11,556 per annum.

Rates

Rateable Value (2017) £29,750
Interested parties are advised to make their own enquiries with the Local Authority (Tel: 03000 501 501) or visit www.voa.gov.uk. Due to Covid 19 Government assistance no rates due till April 2021.

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 (E) 107. A copy of the EPC is available upon request.

Viewing

Strictly by prior arrangement with Nick McAllester or Luke Nicholson of this office, or our joint agents Bradys John Brady 0161 839 1213 / 01772 957 619

Nick McAllester:

Luke Nicholson:

Subject To Contract, Subject To Vacant Possession & Without Prejudice

Misrepresentation Clause

  • Status: Available
  • Area sq ft: 1681
  • Area m sq: 156.17
  • Location: Lancaster
More in this category: « Grimsby 19/21 Victoria Street