£1,100,000

Retail premises for sale

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Freehold

£1,100,000

(£231.48/sq. ft)

Retail premises for sale

16 - 18 Orchard Street, Preston, Lancashire PR1

4,752 sq. ft

Local area information

Property location

Nearby amenities

  • St Ignatius' Catholic Primary School 0.3 miles
  • Imam Muhammad Zakariya School 0.3 miles
  • Preston (Lancs) 0.4 miles
  • Lostock Hall 2.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • Located in Preston city centre
  • Prominent position on Orchard Street
  • Passing Rent: £106,000 per annum
  • Price: £1,100,000 subject to contract
  • Net Initial Yield: 9.10% after allowing for usual purchaser's costs.
Description

The subject provides a terrace of three, self-contained, retail units which starts at the junction of Market Street and Orchard Street. The properties are of brick construction beneath a mix of pitched and flat roofs in part.
Each property benefits from ancillary accommodation in the upper floors. Please note no access is available to the upper floors of 16 Orchard Street as the former tenant has removed the staircase under a Licence to Alterations.
Investment for sale - three well secured retail units



Located in Preston city centre

Prominent position on Orchard Street

Passing Rent: £106,000 per annum

Price: £1,100,000 subject to contract

Net Initial Yield: 9.10% after allowing for usual purchaser's costs.

More information

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  1. Zoopla
  2. Commercial for sale
  3. Lancashire
  4. Preston
  5. Orchard Street

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