Preston Plumbing & Direct Window Co Brookfield Street and Southgate Preston Lancashire PR1 1NR

Preston Plumbing & Direct Window Co
Brookfield Street and Southgate
Preston
Lancashire
PR1 1NR

Freehold Retail Trade Counter Investment

Let to tenants trading as Preston Plumbing Supplies and Direct Window Co
Let on new leases from 2019 and 2020
Approximately 557.40 sq m (6,000 sq ft)
Modern units in Established Trade Counter location
Nearby occupiers including PureGym, Kwikfit and ESP Bathrooms amongst others

Lot
32
Auction
21st May 2020
Rent
£55,000 per Annum Exclusive
Status
Sold
Price
£600,000
Auction Venue
Live Streamed Auction

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Freehold Retail Trade Counter Investment

Let to tenants trading as Preston Plumbing Supplies and Direct Window Co
Let on new leases from 2019 and 2020
Approximately 557.40 sq m (6,000 sq ft)
Modern units in Established Trade Counter location
Nearby occupiers including PureGym, Kwikfit and ESP Bathrooms amongst others

Lot 32
Auction 21st May 2020
Rent £55,000 per Annum Exclusive
Status Sold
Price £600,000
Sector
Trade Counter/Builders Merchants
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 28 miles north-east of Liverpool; 30 miles north-west of Manchester
Roads: A6, A59, M6, M55
Rail: Preston
Air: Manchester Airport

Situation

The property is prominently situated with access from both Brookfield Street and Southgate, one mile north of Preston City Centre. The property benefits from excellent road access, being less than three miles south of J1 of the M55, and four miles west of J31 of the M6. The property is situated in an established retail and trade counter location with nearby occupiers including PureGym, Kwikfit and ESP Bathrooms amongst others.

Tenure

Freehold.

Location

Miles: 28 miles north-east of Liverpool; 30 miles north-west of Manchester
Roads: A6, A59, M6, M55
Rail: Preston
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises two retail/trade counter units with parking for seven cars for the unit let to tenant trading as Preston Plumbing.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Description

The property comprises two retail/trade counter units with parking for seven cars for the unit let to tenant trading as Preston Plumbing.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground (Brookfield Street)	Retail (+ 7 car parking spaces)	278.70 sq m	(3,000 sq ft)	PRESTON PLUMBING SUPPLIES LIMITED (1)	5 years from 01/03/2020	£30,000	-
Ground (Southgate Street)	Retail	278.70 sq m	(3,000 sq ft)	C A GOSS LIMITED (2) (t/a Direct Window Co)	10 years from 01/10/2019 (3)	£25,000	01/10/2024
Total		557.40 sq m	(6,000 sq ft)			£55,000

(1) "For over 10 years, Preston Plumbing Supplies have been providing superior quality bathrooms to suit all different tastes and budget range." (source: www.prestonplumbingsupplies.co.uk 28/04/2020). The tenant has commenced fit out works internally and are due to start fitting out externally, however works have been halted for the time being due to COVID-19.
(2) Direct Window Co is a family run business which has been in operating for over 20 years, featuring the latest energy efficient products and multi-million pound state-of-the-art machinery. Direct Window Co operate from 14 units in the UK and manufacture their products from three factories. (www.directwindowco.com 29/04/2020)
(3) The lease is subject to a tenant option to determine in October 2024.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.