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WHR Property Consultants LLP

Caton Road Business Park, For Sale, Lancaster

Caton Road Business Park

For Sale, Lancaster

128,333 Sq Ft

(11,923 Sq M)

Caton Road, Lancaster, Lancaster, LA1 3QY

SATNAV REF: LA1 3QY LA1 3QY

For further details contact:

Mr Oliver Rowe
orowe@whrproperty.co.uk
0161 819 8212
07920 299 049

Mixed use business park forming part of the established Lansil Way Industrial Estate

Prominently located on the arterial road (A683) connecting the M6 to Lancaster City Centre

Excellent mix of both industrial and office accommodation in 9 buildings totalling approximately 129,333 sq. ft. (12,015 sq.m.)

Multi let to 5 tenants on 6 leases providing a WAULT of 6.62 years (5.01 years to break)

Active asset management opportunities to improve rental income stream through letting vacant space and re-gearing existing leases

Total net income of £694,111 per annum

We are instructed to seek offers in excess of £6,250,000 (Six Million Two Hundred and Fifty Thousand pounds)

A sale at this level would represent a Net Initial Yield of 10.42% assuming usual purchaser costs of 6.63%

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