95 & 97a Penny Street, Lancaster, LA1 1XN

MIXED-USE INVESTMENT OPPORTUNITY An exciting opportunity to purchase a mixed-use commercial and residential property located in the popular Lancaster City Centre, comprising a hairdressing salon and barber shop arranged over two floors, together with a separate one-bedroom residential flat, with its own separate entrance.   The commercial premises are currently occupied by established hairdresser and barber tenants, who will remain in situ, offering an attractive opportunity for an investor looking to acquire a property producing an instant income with an existing tenant. The residential accommodation comprises of a one bedroom flat featuring a double bedroom, bathroom, kitchen and a reception room. Please note, this is need of renovation. The combination of commercial and residential accommodation provides the property with excellent potential.  Situated within walking distance of the heart of Lancaster City Centre, Lancaster train station and Royal infirmary the property benefits from a highly convenient and accessible location. The surrounding area offers a wide range of high street retailers, restaurants, local ran cafes, bars and everyday amenities.  Auction This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.