Fishergate Court, Fishergate, City Centre, Preston, PR1 8QF

Location

Fishergate Apartments is Located just a 2-minute walk from Preston Train Station and only 5 minutes from the bustling Preston City Centre and UCLAN University. This business attracts a wide variety of clientele from Individuals, Corporates, UCLAN student parents, Lancashire council staff, Court legal staff, families on the weekend, its quite a versatile setup for all. We don't offer a formal breakfast, but find that we have plenty on our doorstep in the bustling city centre. London Euston is reachable from our doorstep via a 2 hour direct train on the West Coast Mainline. Manchester Airport is less than 60mins by train. Majority of our customer base use the train network, so we find that our x2 car parking spaces (included) are sufficient and not in over demand.

Description

Fishergate apartments, is 2 Fishergate court, PR1 8QF, which sits inside 'Fishergate Court', is a collection of x7 freehold properties. It is opposite to the Main LCC building that serves the entire Lancashire as County Hall. The freehold buildings were built 'Well' by Warden Construction (Property Constructors) around 1989 for themselves to occupy it as a business premises. Made with traditional, bricks, blockwork with concrete block and beam (reinforced) floors. Making all Ceilings and Walls inherently 2-hour Fire Rated. The stairwell, is also pre-cast solid concrete. There is no Asbestos in the building. EPC Energy Rating is C. The Windows are UPVC Double Glazing, with Gas Central heating throughout served from a single Gas Boiler. There is 3-Phase Electricity supply, and a single Water meter. There is now Ultrafast Full fibre 1000MBs internet available. The building has a single Freehold Title. The common areas outside form Fishergate Court and a small maintenance of £500 is paid annually for upkeep. The building is served by Fire alarm systems and suitable exit points, and was last checked by the Fire Brigade in 2025. The building is fully insured to its full market value with a great Underwriter along with a reasonably priced policy.

Accommodation Text

Majority of the business is via booking.com with secured payments through them [enquire for financials]. There are plenty marketing photos online on google/Expedia/booking etc showing the apartments having fully fitted kitchens, powerful shower cubicles, bedrooms with double beds, with plenty of daylight and great views of Preston central area. Each apartments have a fully fitted kitchen, with washing machine, 120L water tank, fridge, microwave, hob. Plus, a lounge space and separate bedroom and shower room space. The ground floor, comprises of the x3 single rooms, plus a common shared large kitchen lounge, diner, which can be repurposed for many purposes. There is also a convenient cleaner's store with toilet and hot water at the GF level. In the Basement, (which is at street level) to the rear (with up and over garage doors) the space is divided as follows: ¼ of the space forms the in- house laundry facility, ¼ is Plant room, ¼ is storage racks and a ¼ is 2 office rooms. Interestingly, this building may be split back into separate residential apartments without any major redevelopment for sale or rental if needed by the new investor, offering total flexibility.
Would suit an existing investor with a letting portfolio or a keen first time investor.


Services

All services connected. Gas, water, electricity - Full Fibre FTTP Internet.

EPC Information

C - 74

The Opportunity

Single gas, analogue meter
single electric supplier - 3 phase supply - digital meters
single water meter - with sufficient 3 to 4 bar pressure
Basement contains - laundry, plant room, offices, storage, accessible at street level at rear
In house laundry so fully contained operation - Turnkey Business
90% of payments are secured through Booking.com, hence very low payment risk
20 metres from Preston station
Fantastic potential for an Investor
Good sized integral double garage
Viewing strongly recommended.
Planning approved, building control signed off, and all legals for correct use type.
No alcohol license no bar, no restaurant, no breakfast service - simple to run
Business rates, currently rateable value is £10,750 - which qualifies it for small business rate relief.
Can be split into x5 apartments to sell individually, without any major redevelopment, ie the utilities and layout already setup as such.
Engineered and owned by a local Chartered Engineer, over 10 years ago, with proven history 10 years of accounts are available
Fully properly accounted and VAT registered bookkeeping done by a local reputable accounting firm since its inception10 years ago.
Customers can self check-in, remote automation of doors and check-in possible



VAT

Property elected for VAT.

Legal Costs

Each party responsible for their own legal costs.