Lancashire House 24 Winckley Square Preston Lancashire PR1 3JJ
Lancashire House 24 Winckley Square Preston Lancashire PR1 3JJ
Freehold Office Investment and Residential Conversion Opportunity
Lapsed planning permission provided for change of use to create 35 residential apartments
Situated in the prestigious Winckley Square - currently benefiting from a £1m regeneration programme
Within walking distance from Preston Railway Station
Located within the Preston housing zone and within 50 yards from Preston’s main retail district and a 10 minute walk from University of Central Lancashire
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 20
Auction 8th December 2016
Rent £41,774 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Freehold Office Investment and Residential Conversion Opportunity
Lapsed planning permission provided for change of use to create 35 residential apartments
Situated in the prestigious Winckley Square - currently benefiting from a £1m regeneration programme
Within walking distance from Preston Railway Station
Located within the Preston housing zone and within 50 yards from Preston’s main retail district and a 10 minute walk from University of Central Lancashire
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 20
Auction 8th December 2016
Rent £41,774 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Hansteen
Property Information
Location
Miles
28 miles north-east of Liverpool
30 miles north-west of Manchester
Roads
A6, A59, M6 (Junction 37), M65 (Junction 1)
Rail
Preston Railway Station (0.8 miles)
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
The property is prominently situated on the western side of Winckley Square at its junction with Garden Street. Winckley Square, a designated conservation area, is a focal point for some of the UKs best known professional and financial services and firms. Originally an exclusive residential area, the square retains a strong residential community. It benefits from a selection of restaurants and bars and close proximity to Preston's main retail district, the Fishergate Shopping Centre and Preston Railway Station. The square has seen a number of high quality residential conversions and in March 2013 works began on a £1m regeneration project to enhance the public gardens and buildings surrounding it. For further information please refer to www.preston.gov.uk (Winckley Square Regeneration Project).
Tenure
Freehold. Please refer to land registry title and supplementary plans for definitive areas of the building included in the sale.
Location
Miles
28 miles north-east of Liverpool
30 miles north-west of Manchester
Roads
A6, A59, M6 (Junction 37), M65 (Junction 1)
Rail
Preston Railway Station (0.8 miles)
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
The property is prominently situated on the western side of Winckley Square at its junction with Garden Street. Winckley Square, a designated conservation area, is a focal point for some of the UKs best known professional and financial services and firms. Originally an exclusive residential area, the square retains a strong residential community. It benefits from a selection of restaurants and bars and close proximity to Preston's main retail district, the Fishergate Shopping Centre and Preston Railway Station. The square has seen a number of high quality residential conversions and in March 2013 works began on a £1m regeneration project to enhance the public gardens and buildings surrounding it. For further information please refer to www.preston.gov.uk (Winckley Square Regeneration Project).
Tenure
Freehold. Please refer to land registry title and supplementary plans for definitive areas of the building included in the sale.
Description
The property, which is not listed, comprises a substantial period office building over basement, ground, first and second floors. The office accommodation provides suspended ceilings, recessed CAT2 lighting, part raised floors and a lift.
VAT
VAT is applicable to this lot.
Planning
Planning permission granted on 4th August 2008 (Application No: 06/2008/0388) for change of use from offices to create 35 residential apartments, including single and two storey roof extensions has now lapsed. For further information please refer to the legal pack and Preston County Council Planning Portal. The seller has met the council following the expiry of the planning permission who have verbally indicated that they would continue to support change of use to residential. Interested parties should make their own enquiries with Preston County Council directly.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, which is not listed, comprises a substantial period office building over basement, ground, first and second floors. The office accommodation provides suspended ceilings, recessed CAT2 lighting, part raised floors and a lift.
VAT
VAT is applicable to this lot.
Planning
Planning permission granted on 4th August 2008 (Application No: 06/2008/0388) for change of use from offices to create 35 residential apartments, including single and two storey roof extensions has now lapsed. For further information please refer to the legal pack and Preston County Council Planning Portal. The seller has met the council following the expiry of the planning permission who have verbally indicated that they would continue to support change of use to residential. Interested parties should make their own enquiries with Preston County Council directly.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reversion
Ground (201A & 201B)
Office
86.21 sq m
(928 sq ft)
CHAPTER 1 CHARITY LIMITED
3 years from 01/07/2016 (1)
£3,712
30/06/2019
Ground (201)
Office
18.86 sq m
(203 sq ft)
SPINAL HEALTH CARE LIMITED
3 years from 20/07/2015 (1)
£1,421
19/07/2018
Ground (Part C)
Office
44.04 sq m
(474 sq ft)
ADMIRAL CARE SOLUTIONS LIMITED
3 years from 11/07/2016 (2)
£2,370
10/07/2019
Ground (Part D)
Office
123.75 sq m
(1,332 sq ft)
HEMSCOTT ASSOCIATES UK LIMITED
1 year from 16/11/2015 (1)
£5,018
15/11/2016
Ground (Rear A)
Office
14.96 sq m
(161 sq ft)
DSG DIRECT RETAIL LIMITED
3 years from 17/10/2016 (1)
£805
16/10/2019
Ground (F1)
Office
120.86 sq m
(1,301 sq ft)
VACANT
First (301 & Part 303)
Office
160.26 sq m
(1,725 sq ft)
CLARO SOFTWARE LIMITED
3 years from 01/08/2016 (3)
£12,938
31/07/2019
First (303 Part A)
Office
45.62 sq m
(491 sq ft)
RECOVERY HOMES CIC
3 years from 20/05/2016 (1)
£2,455
19/05/2019
First (303 Part B)
Office
35.67 sq m
(384 sq ft)
EQUINE PLANNING SOLUTIONS LIMITED
3 years from 25/05/2016 (1)
£1,920
24/05/2019
First (302 & Mezzanine)
Office
443.89 sq m
(4,778 sq ft)
VACANT
Second (Workshops A & B)
Office
18.02 sq m
(194 sq ft)
J COUNSELL & C COOKSON
3 years from 18/07/2016 (1)
£582
17/07/2019
Second (401A)
Office
14.77 sq m
(159 sq ft)
DJ RICHARD PORTER LIMITED
3 years from 01/07/2016 (1)
£954
30/06/2019
Second (401 B & 401 C)
Office
33.82 sq m
(364 sq ft)
PAUL JONATHAN WILKINSON
3 years from 01/07/2016 (1)
£3,033
30/06/2019
Second (401 G)
Office
24.25 sq m
(261 sq ft)
OBD LIMITED
1 year from 29/10/2015 (1)
£1,566
28/10/2016 - holding over
Second (401 H)
Office
86.68 sq m
(933 sq ft)
EDISON POPE LIMITED
2 years from 23/02/2015 (1)
£5,000
22/02/2017
Second (401 D, 401 E & 401 F & Rear)
Office
397.72 sq m
(4,281 sq ft)
VACANT
Basement
Office
268.95 sq m
(2,895 sq ft)
VACANT
Totals
1,938.33 sq m
(20,864 sq ft)
£41,774
(1) The lease is subject to mutual rolling break options. (2) The lease is subject to a tenant option to break on 11/07/2017 & 11/07/2018 and a landlord rolling option to break. (3) The lease is subject to a tenant option to break on 01/08/2017 & 01/08/2018 and a landlord rolling break option at anytime. NB. A tenant has paid a deposit to take occupation of Ground Floor (Rear B) c.170 sq ft. £5.00 per sq ft for 3 years from either 01/12/2016 on 01/01/2017 with mutual rolling break options.
