Neighbouring occupiers include Wilkinsons, Caffè Nero, Footlocker, William Hill and McDonald's
Prominent town centre location
Lot 56
Auction 19th October 2017
Rent £75,000 per Annum Exclusive
Status Sold Post
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
27 miles north-west of Manchester, 27 miles north-east of Liverpool
Roads
A59, A6, M55, M6
Rail
Preston Railway Station
Air
Blackpool International Airport, Manchester, International Airport, Liverpool John Lennon Airport
Situation
Orchard Street is located in the heart of Preston city centre and within the pedestrianised retailing zone. Orchard Street benefits from being directly opposite the main entrance to the major St George’s Shopping Centre. The property is prominently situated on the west side of Orchard Street, near to the junction with Friargate. Neighbouring occupiers include Wilkinsons, Caffè Nero, Footlocker, William Hill and McDonald's.
Tenure
Freehold.
Location
Miles
27 miles north-west of Manchester, 27 miles north-east of Liverpool
Roads
A59, A6, M55, M6
Rail
Preston Railway Station
Air
Blackpool International Airport, Manchester, International Airport, Liverpool John Lennon Airport
Situation
Orchard Street is located in the heart of Preston city centre and within the pedestrianised retailing zone. Orchard Street benefits from being directly opposite the main entrance to the major St George’s Shopping Centre. The property is prominently situated on the west side of Orchard Street, near to the junction with Friargate. Neighbouring occupiers include Wilkinsons, Caffè Nero, Footlocker, William Hill and McDonald's.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation to the rear and two upper floors that provide additional office and ancillary accommodation.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with ancillary accommodation to the rear and two upper floors that provide additional office and ancillary accommodation.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
15 years from 10/11/2008 until 2023 on a full repairing and insuring lease
£75,000
10/11/18
Total
419.4 sq m
(4,515 sq ft)
£75,000
(1) For the year ending 31st December 2016, Bank of Scotland Plc reported a pre-tax profit of £3,395,000,000 and a net worth of £13,338,000,000 (Source: Experian Group).