Jazz Bar & Guild Tavern, & 20-22 Tithebarn Street, Preston, PR1 1DL

Location

Ideal town centre location within easy walking distance of UCLan and all town centre amenities. The subject premises are set back off Fishergate and well screened from the centre yet so conveniently placed. All the students find the location so handy and also not far from the railway station.

Description

2 Blocks of Student Flats fully let for academic year 2025-2026.
Jazz Bar - 7 Tithebarn Street and Guild Tavern - 20-22 Tithebarn Street
Opposite each other - all town centre and nicely tucked away but within short walking distance of UCLAN and all amenities - ideal for students. Locally managed by Metro Student Accommodation with strong student satisfaction and positive management recognition. Also praised for central location, spacious rooms, free laundry, WiFi and utilities.
There is a full time member of staff who oversees both the Jazz Bar and Guild Tavern who would like to continue such management as she gets to know the students and is very helpful with maintenance, should the purchaser want that.

The Opportunity

Substantial Student Accommodation in 2 buildings on Tithebarn Street, the Jazz Bar and the Guild Tavern. 61 bedrooms in total in a mix of Studio Flats and Cluster Flats. Fully let for the 2025-2026 academic year with an overall gross income of £358,012.
Very popular with students with good central location and management reputation.

Management shortlisted for 'Landlord of the Year' and 'Most Responsive Landlord' at UCLan SU awards.

Accommodation of The Jazz Bar - Ground Floor:
Flat 1 with 4 en suite bedrooms and large Living Kitchen.
Flat 2 with 6 en suite bedrooms and large Living Kitchen.
Cellar with Laundry Room, Drying Room and Boilerroom.
First Floor
Flat 3 with 4 en suite bedrooms and large Living Kitchen.
Flat 4 with 6 en suite bedrooms and large Living Kitchen.
Second Floor
Flat 5 with 5 en suite bedrooms and Living Kitchen.
Flat 6 with 6 en suite bedrooms and Living Kitchen.
Third Floor
Flat 7 with 7 en suite bedrooms and Living Kitchen.
Studio 8 with en suite.
Studio 9 with en suite and kitchen recess.
39 en suite Letting Bedrooms in total.

The Guild Tavern accommodation - Ground Floor:
Studio 1
Studio 2
Studio 3
Studio 4
Flat with 5 en suite bedrooms and Living Kitchen.
First Floor:
Studio 5
Studio 6
Flat with 5 en suite bedrooms and Living Kitchen.
Laundryroom.
Second Floor
Flat with 6 en suite bedrooms and large Living Kitchen.
22 en suite Letting Bedrooms in total.

Services

All mains services connected with gas central heating. Upvc double glazing.

EPC Information

Valid EPC's between bands B and C until April 2029.

Legal Costs

Each party is responsible for their own legal fees occurred in transaction.