Land At Maudland Bank, Preston, Lancashire, PR1 2YL
£38.26 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
13,068 sq ft
1,214 sq m
- SECTOR
Land for sale
Key features
- TO BE SOLD BY PUBLIC ONLINE AUCTION ON THE 24TH APRIL 2024.
- PLEASE BE AWARE THAT THESE DETAILS ARE OFTEN UPDATED AND SUBJECT TO CHANGE ANY TIME BEFORE THE AUCTION.
- YOU MUST NOT RELY ON THE INFORMATION BELOW AND SHOULD VIEW FULL PARTICULARS AND ANY ADDENDUMS ON THE AUCTIONEER'S WEBSITE.
Description
The site of a former working men's club situated on a site extending to approximately 0.3 acres (0.12 hectares). The site previously held outline planning consent for the demolition of the existing building and erection of 4 storey building, with basement floor, providing 142 units of student accommodation. The planning was granted in 23/09/2018 and has since lapsed. The site is currently operating as a car park and sold subject to a service agreement with a parking operator: the agreement has provisions for termination for a buyer to secure vacant possession and generates income for the vendor via a revenue split.
Location
The property is situated on Maudland Bank within Preston city centre. The subject property can be accessed off the A59, via Leighton Street to the south, and off the A583 to the north, via Pedder Street. The subject is situated within a prime location within the city centre. The area immediately surrounding the subject site is mixed-use in nature, comprising a variety of residential dwellings and commercial premises. Most notably, UCLan is situated immediately to the east of the subject site.
Planning
Interested parties are directed to Preston City Council for any planning enquiries: of the formerly held planning permission can be found using the reference number 23/09/2018.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.
2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD APRIL AND CLOSES ON WEDNESDAY 24TH APRIL.
3. The completion period is stated as five business days after the seller has given notice to the buyer that consent of the landlord required under the Lease to transfer to the buyer for the residue of the term has been granted.
4. The pre-authorisation bidding deposit for this lot will be £20,000.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
Approx Site Area
0.3 acres (0.12 hectares).
Tenure Comments
We understand the property is held on a long leasehold basis of 150 years from 2020, subject to an initial ground rent payable of £5,000 per annum for a period of 30 months from October 2020 and thereafter £28,400 per annum.
Land At Maudland Bank, Preston, Lancashire, PR1 2YL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Preston Station0.6 miles
- Lostock Hall Station2.9 miles
- Bamber Bridge Station3.3 miles
About PUGH & COMPANY LIMITED, Manchester
340 Deansgate Manchester M3 4LY
Notes
Disclaimer - Property reference 115550FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by PUGH & COMPANY LIMITED, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call PUGH & COMPANY LIMITED, Manchester on 01942 559576.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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