Retail premises for sale in Lancaster Road, Preston PR1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
The property is located in a prominent position on the corner of Lancaster Road and Crooked Lane directly opposite Preston Town Hall and sitting adjacent to the St Johns Shopping Centre. Occupiers in the immediate vicinity include David Pluck Racing, Galloway’s Bakers and Allied Pharmacist. Directly across the road is Preston Markets.
The subject property is also located close to the site in The Harris Quarter of the new eight-screen Arc cinema and a 16 lane Hollywood Bowl plus five new restaurants and bars, a street food hub and a new public terrace next to Preston Markets. There is also a new proposed Youth Zone to be constructed to the rear of the subject
property on the corner of Crooked Lane and Tithebarn Street.
Situation/Description
The subject premises provides retail/leisure accommodation at ground floor together with separately accessed first and second floor offices. The premises have been recently refurbished and are in a very good condition.
Accommodation
The premises extend to the following approximate areas:-
Ground Floor 82.66 sq m 899 sq ft
First Floor 66.71 sq m 718 sq ft
Second Floor 24.98 sq m 269 sq ft
Price/Terms
£195,000 plus VAT with Vacant Possession.
EPC
An EPC is available upon request.
Rating Assessment
The current Rateable Value is £16,250. With effect from 1st April 2023 the Rateable Value will be £13,750. Interested parties should however make their own separate enquiries with the local rating authority at Preston City Council .
Planning
We understand that the premises benefit from Sui Generis planning consent. Interested parties should make their own enquiries to the planning department at Preston City Council .
Legal Costs
Each party to be responsible for their own legal costs incurred in any transaction.
Money Laundering Regulations 2017
The Money Laundering Regulations 2017 place a legal obligation on Mason Partners LLP to identity a proposed purchaser once the sale has been agreed and prior to instructing solicitors. Confirmation of the source of the purchaser’s funds will also be required.
VAT
The Property is elected for VAT.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Mason Partners LLP, L2 on +44 151 382 8205 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Mason Partners LLP, and do not constitute property particulars. Please contact Mason Partners LLP 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.