425 Blackpool Road, Ashton-on-ribble, Preston
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- High Yielding Retail Investment
- Let to Ladbrokes
- 10 Year Lease Expiring 25.06.2034
- Long Standing Tenant of 15+ Years
- Asset Management/Development Potential (stp)
- Established and Popular Location
- Investment Let at £8,500 p.a. (12.14% GIY on Guide Price)
Description
Arranged as a single retail unit across ground and first floors, the property is fully let to Ladbrokes on a 10 year lease expiring 25.06.2034 and paying £8,500 per annum. The lease was recently renewed and the tenant is a long standing occupier of 15+ years.
We understand the tenant does not make use of the upper parts, we therefore consider the property may benefit from asset management or development potential (subject to the existing lease and any requisite consents).
The property occupies a prominent pitch fronting Blackpool Road, the principal retail amenity for the area and includes a mix of local and national occupiers including Betfred and Boots.
Brochures
425 Blackpool Road, Ashton-on-ribble, Preston
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Preston Station1.3 miles
- Lostock Hall Station3.6 miles
- Salwick Station3.9 miles
Notes
Disclaimer - Property reference 2843FE97-DC45-49E2-97F7-CAE38B59A4AD. 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 Savills, Savills Auctions- Commercial. 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.
Map data ©OpenStreetMap contributors.