Project Description

The subject property is located in a prominent position on New Hall Lane and is surrounded by a mixture of both residential homes and large commercial retailers. It lies 1 mile east of the centre of Preston, Lancashire.

Preston has a good selection of local, national and international retailers along with a wide range of leisure facilities and a very popular university.

Preston hosts a mainline railway station and provides access to the rest of the UK.

The M6 Motorway is located 2 miles east of the property and provides excellent access to the major cities of Liverpool and Manchester.

This spacious retail unit offers useable office’s & showroom set over two floors.
The premises are very well fitted out having undergone a recent programme of refurbishment.

The property has the benefit of suspended ceilings, central heating and double glazing throughout.

Ground floor having a sales/ office area, storage facilities, WC and kitchen area.

To the first floor there is an open plan split level office space, two separate offices, a kitchen area and two WC’s.

To the lower ground floor there is a useful tanked basement running the full length of the building with power, lighting and is partially carpeted. Externally there is a small rear yard area.

The property could be let as a whole or divided into two letting units with some minor alterations.

Total    322 m2    3,465 ft2
Approx. gross internal floor area.

We understand the property has mains electric, water & drainage.


Investment Analysis
We estimate the property will let for £2,000 pcm (£24,000 per annum) representing a gross yield of 14.55%.

Business Rates
The premises do not appear to have been assessed as a whole unit for business rates. We recommend that interested parties contact Preston City Council for further information.

*Guide Price

Please be advised an internal inspection has not been undertaken and photographs and measurements have been provided by a third party.

Viewing by Appointment

To view this property, please contact John Pye Property – – 0115 970 6060

Please click the following link to access the legal pack documents –


47-49 New Hall Lane


✓ Office/ retail space set over two floors
✓ Basement
✓ Well planned interior
✓ Potential rent of £2,000 pcm (£24,000 pa)
✓ Gross yield of 14.55%
✓ Recently refurbished
✓ Approximately 3,456 Sq Ft
✓ Two kitchen areas
✓ Three WC’s
✓ Busy main road location
✓ Good transport links
✓ Close to amenities


Hayley Riley
Phone: 0115 970 6060
Our Ref: PR234

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