Freehold Retail Investment
Freehold Retail Investment
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.
Freehold.
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.
Freehold.
The property comprises retail accommodation on the ground and first floors with ancillary accommodation in the basement and on the second floor.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises retail accommodation on the ground and first floors with ancillary accommodation in the basement and on the second floor.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review/ (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.
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