Summary - 93 KING STREET LANCASTER LA1 1RH
1 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use property with both commercial and residential space
- Ground floor currently operating as a meditation center
- Upper floors feature 8 bedsits, with planning permission for additional accommodation
- Spacious rear yard for potential expansion or outdoor use
- Prominent location on King Street, close to amenities
- Price has been reduced, enhancing investment appeal
This substantial mixed-use property at 93 King Street, Lancaster, offers an impressive total of 5,059 square feet across four stories, presenting a unique opportunity for both investors and first-time buyers. The ground floor houses a well-maintained meditation center with a bright reception area and a flexible open space that could easily accommodate a café or additional office functions. The upper levels currently feature eight bedsits, providing lucrative rental potential in this bustling cosmopolitan student neighborhood.
The property's attractive stone façade underscores its historic charm, while the spacious rear yard invites possibilities for outdoor expansion or private amenities. Notably, there is planning permission in place for the reconfiguration of the upper floors and the addition of a bedsit on the ground floor, enhancing its investment potential. Although the building sits in a vibrant yet relatively high-crime area, its proximity to amenities like local schools with strong Ofsted ratings and a plethora of shops, cafes, and transport links make it highly desirable.
Don't miss the chance to secure this unique property at a reduced price—whether for commercial use, student accommodation, or a blend of both, this location holds incredible potential for future growth and profitability.
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