20 Guildhall Street, Preston, PR1 3NU

Location

The property occupies a prominent and highly accessible position on Guildhall Street, within Preston City Centre, in close proximity to both Preston's principal retailing pitch along Fishergate and the professional business district centred around Winckley Square. The property is situated within an the attractive Winckley Square Conservation Area.

The surrounding area is characterised by a diverse mix of commercial, residential, leisure and office accommodation, creating a vibrant mixed-use environment with strong levels of daytime and evening activity. The property also benefits from being within convenient walking distance of Preston Railway Station, which provides direct rail services to Manchester, London, Birmingham, Glasgow and the wider North West region.

Nearby amenities include Fishergate Shopping Centre and Winckley Square, both of which contribute towards the area's strong appeal to a broad range of occupiers and visitors.

Description

The property comprises ground floor and basement accommodation only, extending to approximately 71.60 sq m (771 sq ft). The ground floor is configured to provide a bar/restaurant area, together with a small kitchen and WC facilities to the rear. The basement provides additional seating accommodation and ancillary space. Nearby occupiers comprise a mixture of independent operators including barbers, tattoo studios, bars and various residential uses, reflecting the mixed-use nature of the immediate locality.

We understand the property is held freehold under Title Number LA128806. The title also includes the upper floors, which have previously been sold off on a long leasehold basis. We understand the long leaseholder is responsible for the maintenance and repair of the upper parts of the building (including windows and roof), together with a proportional contribution towards the building insurance.

Services

The mains services connected to the property to include water, gas, electricity supply and of course, mains drainage. Please note that Turner Westwell Commercial have not tested any of the service installations or appliances connected to the property.

Sale Price

Offers in the Region of £125,000 with the benefit of Vacant Possession.

VAT

VAT may be applicable and if so, will be charged at the prevailing rate.

Use

It is the responsibility of the proposed purchaser to verify their intended use of the property (including any necessary change of use planning requirements) are suitable and acceptable to the Local Planning Authority (Preston City Council). Interested parties are to make their own enquiries direct. The previous use of the premises was a bar/drinking establishment.

Anti-Money Laundering (AML)

In accordance with the Criminal Finances Act 2017 and the regulations set by HMRC and RICS, Turner Westwell Commercial Agents must perform AML due diligence for all clients, as well as for buyers and tenants involved in any transaction. This means we will need to gather personal, detailed financial and corporate information before we can finalise any transaction.

Legal Costs

Each party are responsible for their own legal costs involved in the transaction.

EPC

The property has an current Energy Efficiency Rating of B(50). The certificate is valid until 2nd April 2033. A full copy of the Report is available upon request.

Viewings

Strictly by appointment with the sole agents TURNER WESTWELL COMMERCIAL AGENTS.