Size: 3,086 Sq Ft (286.69 Sq M)
For Sale
Property Details
For Sale: £300,000 Offers In The Region Of
Key Features
Prominent mixed-use building
Substantial former public house premises on a 0.129 acre plot
Located on the fringes of Preston City Centre, adjacent to Queens Shopping Park
Approximately 1km north west of Preston Train Station
Comprises round floor retail/office unit and 6 x flats (3 x one bedroom & 3 x two bedroom) Currently let producing a global rent of £25,200 per annum, exclusive
Held Freehold under Title Number LA793693 Let on Tenant's Full Repairing and Insuring Lease
Tenant sub-lets and manages the 6 x flats Potential for future re-development - subject to planning permission
Expired planning consent for the demolition and erection of three and four storey mixed-use building
Offers in the Region of £300,000 exclusive
Description
The subject property comprises a substantial, repurposed former public house premises, currently functioning as a mixed-use commercial and residential building.
The property features retail/office space on the ground floor, along with basement storage, and includes 3x one-bedroom flats and 3x two-bedroom flats which arranged across the ground, first, and second floors. The building is traditionally built with a pitched slate roof, incorporating a two-storey outrigger at the rear, also constructed in a traditional style and covered with a pitched roof.
The property also has mono-pitched and corrugated roofing to the rear, as well as a mix of UPVC double-glazed and timber single-glazed window units.
There are large gardens to the rear.
Location
The property is located prominently at the junction of Stanley Street (A59) and Dale Street, upon the outskirts of Preston City Centre and is extremely well located in terms of proximity to the national motorway network given that Junction 31a of the M6 is located approximately 4km (2.6 miles) to the east, the M55 is located approximately 4.8km (3 miles) to the north and the M61 is located approximately 4.8 km (3 miles) to the south east which, in turn, interlinks with the M65.
The property is also adjacent to the well established and busy Queens Shopping Park, which boasts occupiers such as Aldi Supermarket, Costa Coffee, Home Bargains and Smyths Toy Superstore. Other notable nearby occupiers include Anglian Direct and Stuart Frazer Kitchens.