Blackpool International Airport, Liverpool John Lennon Airport, Manchester Airport
Situation
The property is prominently situated on Brookfield Street and Southgate, one mile north of Preston City Centre. The property is situated in an established retail and trade counter location with nearby occupiers including Wickes, B&Q, Dreams, Evans Cycles, American Golf, Kwik-Fit, Plumb Center and Pure Gym.
Tenure
Freehold.
Location
Miles
28 miles north-east of Liverpool, 30 miles north-west of Manchester
Blackpool International Airport, Liverpool John Lennon Airport, Manchester Airport
Situation
The property is prominently situated on Brookfield Street and Southgate, one mile north of Preston City Centre. The property is situated in an established retail and trade counter location with nearby occupiers including Wickes, B&Q, Dreams, Evans Cycles, American Golf, Kwik-Fit, Plumb Center and Pure Gym.
Tenure
Freehold.
Description
The property comprises two retail/trade counter units with parking for 7 cars with the unit let to Bathstore.
Six Week Completion
Planning
The property at Southgate (Anbo International Limited) received Planning Permission on 31/03/2015 to convert from A1 (Retail) to 10 en-suite student rooms (C4) with alterations to the elevations.
For further information: Preston City Council. Town Hall, Lancaster Rd, Preston PR1 2RL. Tel: 01772 906900.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two retail/trade counter units with parking for 7 cars with the unit let to Bathstore.
Six Week Completion
Planning
The property at Southgate (Anbo International Limited) received Planning Permission on 31/03/2015 to convert from A1 (Retail) to 10 en-suite student rooms (C4) with alterations to the elevations.
For further information: Preston City Council. Town Hall, Lancaster Rd, Preston PR1 2RL. Tel: 01772 906900.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reversion
Ground (Brookfield Street)
Retail 7 Car Parking Spaces
278.70 sq m
(3,000 sq ft)
BATHSTORE.COM LIMITED (1)
15 years from 12/07/2004
£39,000
11/07/2019
Ground (Southgate)
Retail
278.70 sq m
(3,000 sq ft)
ANBO INTERNATIONAL LIMITED (t/a Flooring Republic) (2)
10 years from 25/06/2015 (3)
£21,000 rising to £25,000 on 29/09/2020
24/06/2025
Totals
557.40 sq m
(6,000 sq ft)
£60,000
(1) Bathstore is the country’s leading specialist bathroom retailer, with 172 stores across the UK. (Source: www.bathstore.com) For the year ending 31st March 2015, Bathstore.com Limited reported a turnover of £112,012,000, pre-tax profits of negative £2,272,000 and a net worth of £2,170,000. (Source: Experian Group 13/11/2015) (2) Anbo International (t/a Flooring Republic) was formed in 2007 and is now ranked as the third largest UK importer of solid wood flooring and hardwood products. (Source: www.anbointernational.com). (3) The lease provides for a mutual option to determine on 28th September 2020.
