A large student accommodation complex in Lancaster city centre has gone on the market and is accepting offers in the region of £2.5 million.
Pointer House, on Bowerham Road, is being marketed by Lune Valley Estates as a "rare and lucrative opportunity" after more than two decades under the same ownership.
The property, which has been owned by the current vendors since 2004, comprises a 27-bedroom complex currently used predominantly for student accommodation.
Located close to Pointer Roundabout, the site sits on the edge of Lancaster city centre, within walking distance of the Royal Lancaster Infirmary, train station and main shopping areas, as well as transport links to Lancaster University.
It is also positioned directly opposite the University of Cumbria campus, making it a popular choice for students.
According to the listing, the property has consistently achieved high occupancy levels, which are attributed to its location and the standard of maintenance throughout its ownership.
The accommodation is made up of 27 en-suite bedrooms spread across a main building and a separate annex, alongside four shared living and kitchen areas designed for communal use.
At the front of the property is a dedicated office space, while the current set-up also includes a managing agent, offering potential buyers the option of a more hands-off investment approach.
Externally, the site features extensive outdoor space, including landscaped picnic areas, cycle storage and a number of parking spaces.
Mature trees surround the grounds, providing additional privacy for residents.
The property also boasts a B energy rating, highlighting its efficiency compared to many similar buildings.
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Agents say the complex could continue as student accommodation or be adapted for alternative uses, given its size and city centre location.
Describing the opportunity, Lune Valley Estates said Pointer House has become a "well-known" part of Lancaster’s student housing market and offers "considerable potential" for future owners.
The sale comes as demand for student accommodation in Lancaster remains strong, driven by its two universities and growing student population.
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