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Commercial Development for sale

New Hall Lane, Preston

Guide Price £189,000

Property Description

Key features

  • Office/ retail space set over two floors
  • Fully occupied
  • Five year leases from 2017
  • Rental income of 1,550 pcm (18,600 pa)
  • Net yield of 9.84%
  • FRI lease
  • Recently refurbished
  • Approximately 3,465 Sq Ft
  • Busy main road location
  • Good transport links

Full 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 and central heating 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 Sq M. (3,465 Sq Ft.)

Approx. net internal floor area

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

Tenure - The property is freehold

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.

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


More information from this agent

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