83 Bowerham Road
Lancaster
Lancashire
LA1 4AQ
Moor Street
Offers In The Region Of £385,000
6 Bedroom House - End Terrace
- SCOPE TO INCREASE INCOME
- MIXED USE NVESTMENT OPPORTUNITY
- FOUR PREMISES IN ONE BUILDING
- BEING SOLD AS A PORTFOLIO
- HEART OF THE CITY CENTRE
- INCOME PRODUCING STUDENT LETS
- DOUBLE FRONTED RETAIL SHOP FRONT
- CURRENT GROSS INCOME £39,317
- POTENTIAL TO CONVERT (STPP)
- FREEHOLD
Investment Summary
This portfolio offers a combination of established income and clear asset management and development potential, making it an attractive proposition for investors.
Current / Projected Residential Income:
2 Moor Street: £23,040 per annum (let for 2026/27)
5 Moor Street: £16,277 per annum (let for2026/27)
Total Residential Income: £39,317 per annum
Commercial Income (3 & 4 Moor Street):
Currently vacant / to be assessed
Estimated rental income: £12,000 – £18,000 per annum (subject to use and specification)
Projected Total Income (as existing use):
£50,160 – £56,160 per annum
Yield Analysis:
At £385,000: approx. 13.0% – 14.6% gross yield
At £350,000: approx. 14.3% – 16.0% gross yield
Development & Value-Add Potential (STPP):
Potential to convert one commercial unit (comparable to No. 2 Moor Street) into a 3-bedroom residential unit
Opportunity to enhance rental values through refurbishment and reconfiguration
Scope to review alternative uses for the second commercial unit, including redevelopment or repositioning
This combination of strong baseline income and clear opportunities to increase rental return provides significant upside for an incoming purchaser.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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