70-72 Black Bull Lane, Fulwood, Preston, Lancashire, PR2 3JX

Location

The property is situated with frontage to Black Bull Lane in a mixed retail and residential area in the established suburb of Fulwood, approximately 3 miles to the north of Preston City Centre.

Description

The property comprises a convenience store investment opportunity together with a neighbouring retail shop.

The property was previously a detached residential dwelling that was converted into a convenience store operation several years ago.

It is constructed of brick built walls which are rendered at first floor level under a hipped tiled roof.

The convenience store occupies the majority of the premises. The ground floor providing their retail area with ancillary storage to the rear, with the first floor used as a training facility for the business.

The neighbouring carpet showroom occupies a single storey retail property with brick built walls, under a flat roof.


Accommodation Text

We have been advised that the floor areas of the premises are as follows:

One Stop-

Ground Floor 2,678 sq.ft
First Floor 1,161 sq.ft

Carpet Shop

Ground Floor 1,011 sq.ft


Services

All mains services are available to the property.

EPC

The property has the following EPC ratings:

GF-One Stop B(38)
GF-Carpet Shop C(62)
FF- Offices F(134)

VAT

Not applicable

Planning

Retail use with ancillary accommodation.

Lease Terms

One Stop Stores Limited occupy the property on a 10 year lease from October 2022 and pay a rent of £26,000 pa. (split £20,000 pa for the shop and £6,000 pa for the first floor) The next review is due in October 2027. The tenant contributes £1,500 pa towards the service charge. The lease has a tenant only break in October 2027.

M Briggs Carpets Limited are currently holding over. The lease ending in February 2025. They pay a rent of £13,500 pa, plus a contribution towards the service charge of £1000 pa.

The total rent is £39,500 per annum

Further details are available on request

Legal Costs

Each party to pay their own legal costs

Viewing Detail

Strictly via sole agents Taylor Weaver
Neil Weaver MRICS
Tel:

Bullet Point 1

Convenience Store Investment Opportunity

Bullet Point 2

Established suburban retailing area

Bullet Point 3

Attractive yield.

Bullet Point 4

Affluent residential area