Commercial property for sale in Lune Street, Preston PR1

A freehold retail investment producing £15,500 per annum.

The property comprises a three storey mid terraced property currently trading as a nail salon.

We understand the current tenant has been in occupation for circa 15 years.

Situated
Situated within a prominent position fronting Lune Street within Preston Town Centre.

Ground Floor
Sales Area 48.5s sqm (522 sqft)

First Floor
Hair Salon 52.3 sqm (563 sqft)
Kitchen 23.23sqm (250 sqft)

Second Floor
Office/Living Room & Kitchen 44.04 sq m (474 sq ft)
Rear Office 14.49 sq m (156 sq ft)
Shower Room/W.C

Lease
The property is let by the way of a 7 years full repairing and insuring lease at a rental of £15,500 per annum - with 3 yearly rent reviews.

Get ready to bid by visiting the auctioneers website

guide prices & reserve prices

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.