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Property for sale
1.25 Acres Land abutting Lansil Pavillion & Lancaster Canal, Caton Road, Lancaster, LA1
£350,000
1.25 Acres Land abutting Lansil Pavillion & Lancaster Canal, Caton Road, Lancaster, LA1
£350,000
Our Summary
- INVESTMENT/POTENTIAL DEVELOPMENT OPPORTUNITY
Description
This is a unique investment opportunity to purchase a 1.25-acre leasehold plot of land, primarily consisting of the Lansil Golf Club car park, access road, and mature woodland along the Lancaster Canal. The property has a 250-year lease from 2008 to 2258, with the option to underlease. The current underlease rent is £300 per month, and the property is available for viewing during daylight hours with a set of descriptive sales particulars. The seller's note that the underlease excludes the provisions of the 1954 Landlord and Tenant Act, making this a potential development opportunity for the right buyer.