Investments.

Lancaster.

25/27 Penny Street, LA1 1UA

Map View

Status.

Sold on 07/03/2023

Service Charge.

Accommodation.

Ground Floor Sales 2,050 sq ft 190.52 sq m
Ground Floor ITZA 1,043 sq ft 96.93 sq m
Ground Floor Ancillary 533 sq ft 49.54 sq m
First Floor Ancillary 533 sq ft 49.54 sq m

EPC.

An EPC has been commissioned. A full report is available upon request.

Legal Costs.

Each party is to be responsible for their own legal costs incurred in this transaction.

Description.

Lancaster has an urban area population of 143,000 with a with a consumer baseof approximately 236,000. Lancaster is projected to see above average growth inpopulation within its Retail Market Area over the period 2021-2026.The age profile of the Lancaster Primary Retail Market Area includes a particularlyhigh proportion of young adults aged 15-24 with above average affluence.

Lancaster is a major regional shopping destination, offering approximately 880,00sq ft of retail accommodation. Prime retailing in Lancaster is centred on thepedestrianised Penny Street main retailers including M&S, Wilko, Holland & Barrett,Greggs, JD, Ernest Jones and O2.There are two main shopping centres St Nicholas Arcades and Market Gate offeringa combined 238,000 sq ft of retail floor space. The latter anchored by a 50,000 sq ftPrimark.

 

Rent.

£62,500.00 pax

Share.

All viewings are strictly by prior appointment.

Will Civil.

Surveyor | Investment

David Freeman.

Partner | Investment

Ed Smith.

Partner | Investment

Contact.

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

abrdn

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson