Pub/bar for sale in Lancaster Road, Preston PR1

Offers in region of £325,000 (£51.23/sq. ft)
Pub/bar for sale 6,344 sq. ft*
Interested in this property? Call +44 1772 913260 * or Request Details

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Property description

Investment opportunity - the golden cross hotel has been introduced to the market. With a huge Basement, business opportunity on the ground floor and potential for 9 apartments on the top three floors, this commercial opportunity is one not to be missed.

The Golden Cross Hotel is situated in the Market Place Conservation Area, prominently located in the centre of Preston. The Conservation Area is roughly a rectangular area of land bounded to the north by Lowthian Street/the indoor market, to the east by Lancaster Road, to the south by Fishergate/Church Street and on the west by Cheapside.

The Golden Cross Hotel, was a purpose-built hotel and Public House. The building was constructed in approximately 1860 in a classical style with three principal storeys together with a cellar and attic space.

The original property has been extended to the rear with a two storey wing, finished with a mono-pitch roof. Other minor additional extensions (forming toilet facilities) to the ground floor have also been carried out together with the insertion of a steel escape stair to the rear.

The building forms the northern element of a block of properties comprising numbers 50-58. Together this block provides a strong visual presence on Lancaster Road and complements the civic buildings on the opposite side of the road.

Externally the premises benefits from a large car park at the rear accommodating approximately ten cars.

The premises extend to an approximate gross internal area of:

589 m² (6,344 ft²).

The premises is currently in use as a Public House (basement & ground floor).
Planning permission for the premises had been submitted and accepted in 2013 for eight one-bedroomed flats and one two-bedroom flat. The planning permission has since expired in 2016 but can be re-submitted for approval.
Interested parties are advised to make their own planning related enquiries via the local planning authority, Preston Borough Council .

Freehold with the benefit of vacant possession.

Asking Price
Offers in the region of £325,00 are sought for the entire site including the car park.

Photographs and Plans
All photographs and plans provided within these particulars are indicative and for identification purposes only and should not be relied upon.

Legal costs
Each party to be responsible for their own legal costs incurred in the subject transaction.

It is understood that mains connections to gas, electricity, water and drainage are available to, or in the vicinity of, the property.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Ruby Estates, PR1 on +44 1772 913260 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Ruby Estates, and do not constitute property particulars. Please contact Ruby Estates for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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