178 Friargate
Preston
Lancashire
PR1 2EJ

Freehold Retail Investment

  • Pedestrianised City Centre location
  • Close to St. George's Shopping Centre
  • Nearby occupiers include McDonald's, Caffè Nero and Specsavers
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    52
  • Auction
    25/May/2017
  • Rent
    £20,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 178 Friargate<br>Preston<br>Lancashire<br>PR1 2EJ
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Property Information

Location
Miles
28 miles north-east of Liverpool, 30 miles north-west of Manchester
Roads
A6, A59, M6, M65
Rail
Preston Railway Station
Air
Blackpool International Airport, Liverpool John Lennon Airport, Manchester International Airport
Situation

The property is situated on the north side of pedestrianised Friargate, close to its junction with Market Street in Preston City Centre. The St George's Shopping Centre is situated 50 metres to the west, whose occupiers include Marks & Spencer, H&M, River Island and New Look. Other nearby occupiers include McDonald's, Caffè Nero and Specsavers.

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground and first floors with ancillary accommodation in the basement and on the second floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Buyer's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas
(Approx)

TenantTermRent p.a.xReview/
(Reversion)
Ground
Basement
First
Second

Retail
Ancillary
Ancillary
Ancillary
31.00 sq m
19.20 sq m
31.40 sq m
16.90 sq m
(334 sq ft)
(207 sq ft)
(338 sq ft)
(182 sq ft)
INDIVIDUAL
t/a Yo Burrito
10 years from 01/03/2016 on a full
repairing and insuring
lease (1)
£20,000
01/03/2021
(28/02/2026)
Total 
98.50 sq m
(1,060 sq ft)
  £20,000
 

(1) The lease provides for a tenant option to determine the lease on 01/03/2021.

Property Documents

  • Site Plan
    Updated Date
    03.05.17
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    03.05.17
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Seller's Solicitors
Birchall Blackburn Law Merchant House, 38-46 Avenham Street
Preston
Lancashire
PR1 3BN
Stephanie Costich 01772 552206skcostich@birchallblackburn.co.uk

Useful Links

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