Prominent Industrial Investment – Units 1 – 9, Lansil Industrial Estate, Lansil Way, Lancaster
Prominent Well Let Industrial Investment
1,402 m² ( 15,089 ft² )
We are instructed to seek offers in the region of £1,600,000. A purchase at this level would reflect a net initial yield of 7.57%, after allowing for purchaser’s costs of 6.1%.
Location
The property is situated on Lansil Industrial Estate, a well-established commercial location to the north of Lancaster city centre. Lansil Way provides direct access to Caton Road (A683), which in turn links to Junction 34 of the M6 motorway less than 1 mile to the north-east.
The A683 is a principal arterial route connecting Lancaster with the M6 and the wider regional motorway network, affording convenient access to Preston, Manchester and the South, as well as Kendal and the Lake District to the north.
The estate benefits from good local connectivity, with Lancaster city centre located approximately 1 mile to the south, providing access to a range of amenities and services. The surrounding area comprises a mix of industrial, trade counter and commercial occupiers, making it a recognised and accessible location for business use.
Description
The property comprises a terrace of industrial units of steel portal frame construction with a combination of blockwork elevations and profile metal cladding beneath pitched profile sheet roofs incorporating translucent roof panels.
The accommodation is arranged as a series of units some interconnecting providing a versatile mix of warehouse, storage and office accommodation, extending in total to approximately 15,089 sq ft. The units are configured offering varying sizes each with full height commercial roller shutter doors] access along the frontage, together with separate pedestrian access doors from the shared yard area.
Externally, the substantial shared yard area lies to the front and provides ample loading, circulation and parking, together with additional on-site car parking provision.
There is also a telecommunications mast located in the easterly corner of the site. We understand the mast is holding over and produces an annual rent of £4,500.
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Sat Nav Ref: LA1 3QY
