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Unit 1 Cable Court, Pittman Way, Preston, PR2 9YW

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      Location

      The property is situated just off Pittman Way on the established North Preston Employment Area, approximately 3.5 miles to the North of Preston City centre.

      The development has easy access to both Junction 31 A of the M6 and Junction 1 of the M55 motorways.

      This is an established commercial area with occupiers in the vicinity including Royal Mail, Gymworks Preston, Asda supermarket and the recently completed Fulwood central retail park which is the home of Costa Coffee, Burger King, B & M Bargains, Greggs and Aldi.

      Description

      The property comprises an end terraced, 2-storey office premises providing approximately 1,586 sq.ft of office space.

      It is of load-bearing cavity wall construction with steel framing just around the glazed entrance lobby and staircase under a pitched tiled roof.

      Internally the ground floor has been sub divided to provide a series of offices with a first floor providing open plan accommodation. There are w/c and amenity facilities.

      Externally there are 4 parking spaces within landscaped grounds.

      Accommodation

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

      Ground Floor Offices766 sq.ft
      First Floor Offices820 sq.ft
      Total 1,586 sq.ft

      Price

      £269,950

      Tenure

      Understood to be long leasehold for a period of 125 years at a nominal rent from the early 2000's, further details are available on request.

      Service Charge

      Occupiers within the development contribute towards the service charge. It is understood that the current premium is £1300 per annum, reviewable annually

      Building Insurance

      The freeholder charges the building insurance on occupiers of the development. It is understood that the current charge is £479.85 per annum

      Rating

      The property has the following rateable values:

      Ground Floor £7,000
      First Floor £6,700

      It is possible that eligible businesses would be able to claim small business rate relief. Further details on request.

      EPC

      EPC is available on request

      VAT

      VAT is applicable to figures quoted in these particulars, further details are available on request.

      Services

      It is understood that all mains services are available to the property.

      Income

      The ground floor is currently let to RND Tax Credits Ltd for a period of 3 years from April 2021 at a rent of £8,000 plus VAT per annum. In addition the tenant contributes towards 50% of costs towards the insurance, ground rent, maintenance charge, electricity and water.

      Viewing

      Strictly through sole agent Taylor Weaver

      Neil Weaver
      01254 699 030
      [email protected]