Non quoting
Retail premises for saleChurch Street, Lancaster LA1
From 1,550 - 1,882 sq. ft
EPC Rating: F
Just added
About this property
Mixed-use city-centre investment
Ground floor retail unit
Separate accessed upper-floor 5 bedroom student accommodation
Investment opportunity
50 / 50A Church Street
lancaster · LA1 1LH
A mixed-use city-centre investment combining ground-floor retail with separately accessed upper-floor 5-bedroom student accommodation.
For sale
subject to contract
A tale of two income streams …
01
Ground floor retail
Let to a dementia charity supporting Lancaster University clinical research. Current annual rent is £15,000 exclusive.
02
Upper floors
Student flats generating gross annual income; the 48-week income equates to £32,000 per annum.
03
Management
The student accommodation is managed by Escape Campus, an approved accommodation provider for Lancaster University and the University of Cumbria. This generates a saving in respect of Lancaster City Council’s HMO registration and promotes the letting beds ahead of other prs alternatives.
Why lancaster
A city withen during character and appeal …
≈13,000 students living in Lancaster district 10.7% of residents
18,620 Lancaster University students 2024/25 enrolments
9,065 University of Cumbria students all campuses · 2024/25
Lancaster’s universities give the city a youthful, year-round energy. Their students add life to its shops, cafés, cultural venues andneighbourhoods, while strengthening the local skills base. That academic presence sits alongside Roman origins, medieval streets and Lancaster Castle, with the River Lune, Morecambe Bay and the Lake District close by. The result is a compact, connected city with character, convenience and enduring appeal. The picturesque streetscape and abundant heritage, combined with
varied mix of retail, leisure and night time economy means the city remains popular with students not wishing to remain on campus. There is a twice weekly market, multiple city festivals including the Winter Markets and Lightfest celebrations operated by bid Lancaster
Lancaster city centre
Connected to the city’s everyday life and amenity …
City centre
Cinema, restaurants, fashion retailers, jewellers, supermarkets and financial services.
Connections
Bus and rail stations are within easy walking distance, with multistorey parking nearby.
Health
Doctors’ surgeries, dentists and pharmacies are within a 10-minute walk.
Income profile
Sustainable long-established revenue …
04
Ground floor retail
Let on a six-year internal repairing lease at £15,000 per annum, the ground-floor unit is operated by Defying Dementia, a charity shop raising funds and awareness for dementia research within Lancaster University’s Division of Biomedical Sciences.
05
Upper floors
Externals recently refurbished and roof fettled, this student accommodation generates gross annual income of £32,000. The five-bedroom dwelling is let on a 48-week contract at an all-inclusive room rate of £133.33 per week and is currently occupied.
06
Management
The student accommodation is managed by Escape Campus, described in the source particulars as a Lancaster University-approved licensed accommodation provider.
Property information
Building details … 07
Business & Residential Areas
50 Church Street (ground flrs) is noted to extend to a net internal area of 144.00 m² / 1,550 ft². This has a full-width measure of 3.6m / 10ft. 50a Church Street (upper flrs) extends to 174.8 m2 / 1,882 ft2.
Business Rates
50 Church Street (ground floor) / LCR no. Shop and premises - rv £12,750
The retail premises are subject to the Lancaster bid levy.
Council Tax
50A Church Street (upper floor) / lar no. Band B
Services
Mains drainage, water, gas and electricity are connected.
Property information
Planning
The property has established Class E retail consent at ground-floor level and HMO Class C4 student accommodation use on the upper floors, dated July 1993 (application 93/00761/cu), under the Town and Country Planning (General Permitted Development) (England) Order 2015 (as amended). The HMO is licensed by Lancaster City Council under property licence no. 054541.
The property is not listed but lies within Character Area 3 – Lancaster (City Centre) Conservation Area. Article 4 Directions apply.
EPC
50 Church Street (ground floor)
Cert no. EPC
50A Church Street (upper floor)
Cert no. Property information
Transaction information … 08
Tenure
The property is held freehold, subject to the existing occupational tenancy. Hm Land Registry title no. LAN148761.
VAT
It is understood that VAT will not be added to the purchase price.
Costs
Each party shall bear its own costs in connection with the sale and purchase.
Sdlt
Stamp Duty Land Tax will be payable by the purchaser at the prevailing rate.
Aml & Funding
In compliance with UK law, the purchaser(s) must complete an aml (anti-money-laundering) identity check through Veriphy at a cost of £35.00 + VAT.
The purchaser will also be required to provide proof of funding.
The property is offered subject to contract, prior to sale/letting or withdrawal.
Misrepresentation Act 1967
Richard P. Taylor Limited for themselves and for the vendor(s) or lessor(s) of this property, whose agents they are, give notice that:
1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchasers/tenants must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither Richard P. Taylor Ltd. Nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
Finance Act 1989
Unless otherwise stated, all prices and rents are quoted exclusive of VAT.
Property Misdescriptions Act 1991
These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. Measurements and floor areas are given as a guide and should not be relied upon. Photographs taken September 2026. No tests have been carried out on any service installations, plant, machinery, equipment or fixtures and fittings referred to in these particulars and no warranty is given as to their condition or operation. Circumstances may change beyond our control after the publication of these particulars.
Sale process
A clear path to acquisition …
Property
50 / 50A Church Street, Lancaster LA1 1LH
Tenure & income
Freehold, subject to occupier leases. Mixed-use retail and student accommodation generating gross income of £47,000 per annum, exclusive.
Asking
£425,000
A purchase at this level reflects a headline all-risks yield (ary) of 11.058% before purchaser’s costs and holding expenses are deducted.
50 / 50A Church Street
lancaster · LA1 1LH
A mixed-use city-centre investment combining ground-floor retail with separately accessed upper-floor 5-bedroom student accommodation.
For sale
subject to contract
A tale of two income streams …
01
Ground floor retail
Let to a dementia charity supporting Lancaster University clinical research. Current annual rent is £15,000 exclusive.
02
Upper floors
Student flats generating gross annual income; the 48-week income equates to £32,000 per annum.
03
Management
The student accommodation is managed by Escape Campus, an approved accommodation provider for Lancaster University and the University of Cumbria. This generates a saving in respect of Lancaster City Council’s HMO registration and promotes the letting beds ahead of other prs alternatives.
Why lancaster
A city withen during character and appeal …
≈13,000 students living in Lancaster district 10.7% of residents
18,620 Lancaster University students 2024/25 enrolments
9,065 University of Cumbria students all campuses · 2024/25
Lancaster’s universities give the city a youthful, year-round energy. Their students add life to its shops, cafés, cultural venues andneighbourhoods, while strengthening the local skills base. That academic presence sits alongside Roman origins, medieval streets and Lancaster Castle, with the River Lune, Morecambe Bay and the Lake District close by. The result is a compact, connected city with character, convenience and enduring appeal. The picturesque streetscape and abundant heritage, combined with
varied mix of retail, leisure and night time economy means the city remains popular with students not wishing to remain on campus. There is a twice weekly market, multiple city festivals including the Winter Markets and Lightfest celebrations operated by bid Lancaster
Lancaster city centre
Connected to the city’s everyday life and amenity …
City centre
Cinema, restaurants, fashion retailers, jewellers, supermarkets and financial services.
Connections
Bus and rail stations are within easy walking distance, with multistorey parking nearby.
Health
Doctors’ surgeries, dentists and pharmacies are within a 10-minute walk.
Income profile
Sustainable long-established revenue …
04
Ground floor retail
Let on a six-year internal repairing lease at £15,000 per annum, the ground-floor unit is operated by Defying Dementia, a charity shop raising funds and awareness for dementia research within Lancaster University’s Division of Biomedical Sciences.
05
Upper floors
Externals recently refurbished and roof fettled, this student accommodation generates gross annual income of £32,000. The five-bedroom dwelling is let on a 48-week contract at an all-inclusive room rate of £133.33 per week and is currently occupied.
06
Management
The student accommodation is managed by Escape Campus, described in the source particulars as a Lancaster University-approved licensed accommodation provider.
Property information
Building details … 07
Business & Residential Areas
50 Church Street (ground flrs) is noted to extend to a net internal area of 144.00 m² / 1,550 ft². This has a full-width measure of 3.6m / 10ft. 50a Church Street (upper flrs) extends to 174.8 m2 / 1,882 ft2.
Business Rates
50 Church Street (ground floor) / LCR no. Shop and premises - rv £12,750
The retail premises are subject to the Lancaster bid levy.
Council Tax
50A Church Street (upper floor) / lar no. Band B
Services
Mains drainage, water, gas and electricity are connected.
Property information
Planning
The property has established Class E retail consent at ground-floor level and HMO Class C4 student accommodation use on the upper floors, dated July 1993 (application 93/00761/cu), under the Town and Country Planning (General Permitted Development) (England) Order 2015 (as amended). The HMO is licensed by Lancaster City Council under property licence no. 054541.
The property is not listed but lies within Character Area 3 – Lancaster (City Centre) Conservation Area. Article 4 Directions apply.
EPC
50 Church Street (ground floor)
Cert no. EPC
50A Church Street (upper floor)
Cert no. Property information
Transaction information … 08
Tenure
The property is held freehold, subject to the existing occupational tenancy. Hm Land Registry title no. LAN148761.
VAT
It is understood that VAT will not be added to the purchase price.
Costs
Each party shall bear its own costs in connection with the sale and purchase.
Sdlt
Stamp Duty Land Tax will be payable by the purchaser at the prevailing rate.
Aml & Funding
In compliance with UK law, the purchaser(s) must complete an aml (anti-money-laundering) identity check through Veriphy at a cost of £35.00 + VAT.
The purchaser will also be required to provide proof of funding.
The property is offered subject to contract, prior to sale/letting or withdrawal.
Misrepresentation Act 1967
Richard P. Taylor Limited for themselves and for the vendor(s) or lessor(s) of this property, whose agents they are, give notice that:
1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchasers/tenants must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither Richard P. Taylor Ltd. Nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
Finance Act 1989
Unless otherwise stated, all prices and rents are quoted exclusive of VAT.
Property Misdescriptions Act 1991
These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. Measurements and floor areas are given as a guide and should not be relied upon. Photographs taken September 2026. No tests have been carried out on any service installations, plant, machinery, equipment or fixtures and fittings referred to in these particulars and no warranty is given as to their condition or operation. Circumstances may change beyond our control after the publication of these particulars.
Sale process
A clear path to acquisition …
Property
50 / 50A Church Street, Lancaster LA1 1LH
Tenure & income
Freehold, subject to occupier leases. Mixed-use retail and student accommodation generating gross income of £47,000 per annum, exclusive.
Asking
£425,000
A purchase at this level reflects a headline all-risks yield (ary) of 11.058% before purchaser’s costs and holding expenses are deducted.
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