Blackburn Office01254 699 030

Chorley Office01257 204 900

Refine Search

1 Orchard Street, Preston, PR1 2EN

Full Details

View on MapDownload DetailsRequest Viewing
Similar properties
Alliance House, 34- 44 Ormskirk Road, Preston
  • Alliance House, 34- 44 Ormskirk Road, Preston
  • 12,567 Sq ft
  • £925,000 (No VAT)

    Click for details

    The Watermark, 9-15 Ribbleton Lane, Preston
    • The Watermark, 9-15 Ribbleton Lane, Preston
    • 145 - 500 Sq ft
    • See accommodation schedule

      Click for details

      Location

      The premises are located at the junction of Orchard Street and Friargate in the heart of Preston town centre.

      Neighbouring occupiers include Caffe Nero, Subway and McDonalds restaurant.

      Description

      The premises comprise a part single storey, part two storey end terraced triangular shaped building, constructed in brick with pitched slate roof above.

      Internally the premises comprise the following :

      Ground floor retail area 171 sq. ft. - including laminate flooring and large window display.

      First floor - Access via rear internal staircase to storage, kitchenette and toilet.

      Accommodation

      We have calculated the net internal floor area to be as follows :

       

      Ground FloorFront Sales171 sq.ft
      First Floor 187 sq.ft
      Total 358 sq. ft.

      Price

      £175,000

      Tenure

      Freehold

      Rating

      The premises have a rateable value of £7,400.

      Legal Costs

      Each party to be responsible for their own legal costs involved in the transaction

      Services

      All mains services, excluding gas, are connected to the propeerty

      Money Laundering Regulations

      Please note we are now required to carry out customer due diligence on all purchasers once an offer is accepted, whereby we are required to obtain proof of identity and proof of address of the prospective purchaser

      Investment details

      The property is currently let to a sole trader (trading as a nail salon) on a 3 year FRI lease from 26th August 2021. The tenant pays a rent of £14,000 p.a. (paid monthly in advance)

      Based on a sale price of £175,000 this reflects a net yield of 7.86% assuming purchasers costs of 2.1%.

      Viewing

      Strictly through sole agents
      Taylor Weaver
      (James Taylor)
      01254 699030