Caton Rd 19,874 sq ft Vacant Industrial Property Lancaster LA1 3RE £1,600,000 (£80.51/sq ft) 7.57% Net Initial Yield

This freehold industrial investment offers a rare opportunity to acquire a well-located and income-producing asset within the established Lansil Industrial Estate in Lancaster. Positioned less than one mile from Junction 34 of the M6 Motorway, the property provides excellent connectivity to regional routes, including the A683, facilitating direct access to Caton Road and the wider motorway network. This ensures efficient links to Preston, Manchester, and the broader North West, as well as Kendal and the Lake District.
The property comprises a terrace of versatile industrial units constructed with steel portal frames, blockwork elevations, and profiled metal cladding. Internally arranged as interconnected warehouses with integral office components, the scheme accommodates a diverse range of occupiers. A substantial shared yard area supports easy circulation for vehicles, supplemented by on-site parking. Current tenants span several businesses, and the property incorporates a telecoms mast generating additional holding income.
Offered with existing tenancies yet scope for reversionary uplift, the assets produce an assumed income of £128,500 per annum against an ERV of £150,000, delivering significant upside potential. Investors benefit from an attractive net initial yield in the region of 7.57%, assuming purchaser’s costs of 6.1%.