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
  • Sector
    Trade Counter
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • Status Sold
  • Price £600,000
  • Sector
    Trade Counter
  • 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

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.

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Site Plan
    Updated Date
    01.05.20
    File Size
    162 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.05.20
    File Size
    752 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Ellen Court Law 25 Garstang Road
Preston
PR1 1LA
Sharon Earnshaw +44 (0)1772 882 888sharon@ellencourtlaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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