Project Description

Location
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.

Description
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.

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

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

Tenure
Freehold

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
£165,000

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 – property@johnpye.co.uk – 0115 970 6060

Please click the following link to access the legal pack documents – http://www.johnpye.auctiondocs.com/

Address

47-49 New Hall Lane
Preston
PR1 5NY

Features

✓ 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

Contact

Hayley Riley
Phone: 0115 970 6060
Email: property@johnpye.co.uk
Our Ref: PR234

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