Initial price	£70,000
09/07/25	£65,000
Price Change	-7.14%

This vacant studio apartment is located on the third floor of a former silk mill, offering a compact open-plan living space/bedroom, kitchen area, and modern shower room. The property is designed for students and features communal spaces, including a games room, laundry room, bike store, and gym. It's situated close to Lancaster University Campus and the town center, with easy access to the M6. The property is being sold on a leasehold basis with a 150-year lease from January 2020, and the buyer will be responsible for paying an annual ground rent of £350 and a quarterly service charge of £1098. The council tax band is not specified. The property is available for online auction on July 15-16, 2025, with a tenant due to move in mid-September and paying £240 per week on a 44-week contract. Finance is available through Together Money, and buyers are advised to visit their website for a decision-in-principle.