Summary - 314 314 Market Square, Millom, LA18 LA18 4HZ
1 bed 2 bath Leisure Facility
Large freehold town-centre leisure unit with income and redevelopment potential..
- Freehold commercial unit, approx. 4,306 sq ft
- Currently let, gross annual income £7,488
- Prominent Victorian frontage with double-door display windows
- High-ceiling industrial interior with stage area and snack bar
- Two bathrooms, multiple storage rooms, circa 10 rooms
- Located in very deprived area; above-average crime rates
- Tenant profile: social renters/communal retirement clientele
- Buyers Premium applies; likely refurbishment required
A substantial freehold commercial unit in Millom Market Square, currently let and producing an annual gross income of £7,488. The building combines a Victorian street frontage with a large industrial-style interior, including high ceilings, stage area, snack bar, storage rooms and two bathrooms. The unit's size (approx. 4,306 sq ft) and prominent position offer multiple future uses for investors or developers.
This opportunity is aimed at buyers seeking income and medium-term asset growth. The property benefits from clear town-centre visibility and steady rental return from an existing tenant, reducing immediate void risk. The freehold tenure and flexible internal layout create scope for conversion, refurbishment or continued lettings to leisure, retail or community uses.
Buyers should note the local context: the area is classified as very deprived with above-average crime and an economy serving largely social renters and communal retirement populations. These factors influence rental levels and tenant profile and may limit upward rent potential without targeted investment. There is step access from pavement — limited disabled access — and the finish suggests a need for cosmetic and possibly systems upgrades if repurposing is planned.
A Buyers Premium applies to secure purchase; full investment details and the Let Property Pack are available for serious enquiries. This asset is best suited to investors or developers comfortable working in challenged town-centre markets and able to manage refurbishment or repositioning to improve income and long-term value.
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