70-72 Black Bull Lane, Fulwood, Preston, Lancashire, PR2 3JX
Size
4,850
Tenure
Freehold
EPC
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- Convenience Store Investment Opportunity
- Established suburban retailing area
- Attractive yield.
- Affluent residential area
Description
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 have recently signed a 2 years extension with the lease now ending in August 2027. 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
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- Listed building
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Brochure
70-72 Black Bull Lane, Fulwood, Preston, Lancashire, PR2 3JX
About Taylor Weaver Limited, England
On the 1st October 1999 Alex Taylor and Neil Weaver formed a new partnership called Taylor Weaver dealing with all types of commercial property matters throughout Lancashire. The business was incorporated in 2002.
Now established as one of the leading firms of commercial property surveyors in Lancashire, Taylor Weaver offer expert, cost effective property advice for a variety of clients who have recognised the excellent level of service offered by Taylor Weaver. In 2015 a new office was opened in Chorley to give complete coverage across Lancashire and Greater Manchester.
Taylor Weaver are panel valuers for a number of major banks and pension trustees, including Handelsbanken, Yorkshire Bank, James Hay Pension Fund, Mattioli Woods and AJ Bell Trustees Ltd.
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