AFFORDABLE BUSINESS SPACE
Compared to the conurbations of Manchester, Liverpool and Leeds, Lancaster city-area
offers excellent value for both office and industrial sectors.
Industrial and warehouse land values (July 2008)
City/town
- Lancaster: From £300,000 per ha rising to £750,000
- Manchester: From £450,000 per ha rising to £750,000
- Preston: From £500,000 per ha rising to £750,000
- Warrington: From £325,000 per ha rising to £600,000
- South Leeds: From £650,000 per ha rising to £800,000
Valuation Office Agency (HM Revenues and Customs) Land value
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Northwest - Prime rental levels |
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Prime Office (£psf) |
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Lancaster |
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10.00 |
|
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Carlisle |
|
12.00 |
|
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Preston |
|
14.00 |
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Blackburn |
|
13.00 |
|
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Bolton |
|
15.00 |
|
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Manchester |
|
30.00 |
|
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Liverpool |
|
20.00 |
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Capital values - Lancaster
Nursery unit 150-200 m2
Typical capital value £425m2
Industrial/warehouse unit 500 m2
Typical capital value £360m2
Industrial/warehouse unit 1,000 m2
Typical capital value £315m2
Source: Valuation Office Agency (HM Revenues and Customs) Land values
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