From
£300,000
Property for saleGarstang Road South, Wesham, Preston PR4
About this property
To be offered on Wednesday 29 July
A Portfolio of Buildings Arches and Land
Located in North-West England
Eight Sites of Mixed Occupancies
Two Sites Vacant, One Part-Let and Five Fully Let
Evident Value-Add/Asset Management Potential
Investment Let at £54,794 p.a. (18.25% giy on Guide Price)
Erv of £70,000 p.a. Reflects 23% Gross Yield on Guide
Auction Sale - 28/07/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
A Portfolio of Buildings Arches and Land in North-West England
Eight Sites with Evident Value-Add and Asset Management Opportunities
Mix of Occupancies, with Two Vacant, One Part-Let and Five Fully Let
Investment Let at £54,794 per annum
Description
The sale comprises a Portfolio of eight sites with evident value-add opportunities.
Arranged as eight sites comprising a mix of buildings, rail arches and land, the portfolio is let on a mix of occupancies, with five sites fully let, one site part-let and two vacant, producing a current rent of £54,794 per annum.
Lot A comprises two rail arches at Plevna Street, Bolton - Let on a single lease at £10,561 per annum
Lot B comprises land and three rail arches at Suez Street, Newton-Le-Willows - Vacant
Lot C comprises part of Rainhill Station Building - Let on a lease expiring 2049 at £5 per annum
Lot D comprises six rail arches at Station Road, Kirkham - Two Arches let at a total £18,252 per annum with the remaining arches vacant
Lot E comprises a land parcel at Station Lane, Preston - Vacant
Lot F comprises a large viaduct arch at Preston Ribble - Let to Preston City Council on a lease expiring 2037 at £202 per annum
Lot G comprises a former station building at Liverpool Road, Birkdale - Let to a cafe* on a lease expiring 2032 at £13,500 per annum.
Lot H comprises a former station building at St Helens Junction Station - Let to a cafe on a lease at £12,274 per annum*. Note the property includes ancillary residential accommodation which is occupied by the tenant under the lease.
Please see the accommodation & tenancy schedule and Legal Pack for more information.
We consider the property offers a number of value-add opportunities, in particular via letting of the vacant spaces to create a diverse, high-yielding, investment. Several properties may also benefit from development potential (subject to obtaining the requisite consents).
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