Auction House / South Yorkshire
  • For Sale By Unconditional Online Auction
  • Guide Price* : £23,000
  • Bidding Opens 16/11/2026 13:00

Unit 43 Galgate Silk Mill, Galgate, Lancashire, LA2 0PR

Stylish 2nd floor Studio Apartment in Silk Mill Lancaster, LA2

Description

An excellent opportunity to purchase this well presented one bedroom apartment, situated within Silk Mill in the popular village of Galgate. Close to Lancaster University and convenient motorway links, the property is well suited to investors seeking an established rental opportunity.

The studio room features an open plan living and sleeping area, a fitted kitchen and an en-suite shower room. The studio is furnished with a double bed, study desk, TV and wardrobe, providing practical and comfortable living accommodation.

The property benefits from excellent communal facilities, including a fantastic games room, gymnasium, cinema room, laundry room and secure bike storage.

Current rental income: £7,450 per annum (Tenanted until Nov 2026)
Service charge: £3,717.92 per annum
Ground rent: £350 per annum
Letting fees: £1,072.80
Lease remaining: 146 years

Please note that these images where taken prior to the tenant moving in.

A well-presented apartment in a convenient location, offering an excellent opportunity for investors looking to add to their property portfolio.

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

£3,600 inc vat payable upon the fall of the virtual gavel

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* Guide | £23,000
  • 1 Bedroom
  • Unconditional (Immediate Exchange)

Call the team on 0114 223 0777 for more information

Legal pack Request more info
Unconditional Sale Terms & Conditions
Finance available on this property
Find out more

Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.