Lancashire House 24 Winckley Square Preston Lancashire PR1 3JJ

  • Lancashire House<br>24 Winckley Square<br>Preston<br>Lancashire<br>PR1 3JJ

Lancashire House
24 Winckley Square
Preston
Lancashire
PR1 3JJ

Freehold Office Investment and Residential Conversion Opportunity

  • Lapsed planning permission provided for change of use to create 35 residential apartments
  • Situated in the prestigious Winckley Square - currently benefiting from a £1m regeneration programme
  • Within walking distance from Preston Railway Station
  • Located within the Preston housing zone and within 50 yards from Preston’s main retail district and a 10 minute walk from University of Central Lancashire
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    20
  • Auction
    8th December 2016
  • Rent
    £41,774 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Hansteen
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Freehold Office Investment and Residential Conversion Opportunity

  • Lapsed planning permission provided for change of use to create 35 residential apartments
  • Situated in the prestigious Winckley Square - currently benefiting from a £1m regeneration programme
  • Within walking distance from Preston Railway Station
  • Located within the Preston housing zone and within 50 yards from Preston’s main retail district and a 10 minute walk from University of Central Lancashire
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 20
  • Auction 8th December 2016
  • Rent £41,774 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Hansteen

Property Information

Location
Miles
28 miles north-east of Liverpool
30 miles north-west of Manchester
Roads
A6, A59, M6 (Junction 37), M65 (Junction 1)
Rail
Preston Railway Station (0.8 miles)
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

The property is prominently situated on the western side of Winckley Square at its junction with Garden Street. Winckley Square, a designated conservation area, is a focal point for some of the UKs best known professional and financial services and firms. Originally an exclusive residential area, the square retains a strong residential community. It benefits from a selection of restaurants and bars and close proximity to Preston's main retail district, the Fishergate Shopping Centre and Preston Railway Station. The square has seen a number of high quality residential conversions and in March 2013 works began on a £1m regeneration project to enhance the public gardens and buildings surrounding it. For further information please refer to www.preston.gov.uk (Winckley Square Regeneration Project).

Tenure

Freehold. Please refer to land registry title and supplementary plans for definitive areas of the building included in the sale.

Location
Miles
28 miles north-east of Liverpool
30 miles north-west of Manchester
Roads
A6, A59, M6 (Junction 37), M65 (Junction 1)
Rail
Preston Railway Station (0.8 miles)
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

The property is prominently situated on the western side of Winckley Square at its junction with Garden Street. Winckley Square, a designated conservation area, is a focal point for some of the UKs best known professional and financial services and firms. Originally an exclusive residential area, the square retains a strong residential community. It benefits from a selection of restaurants and bars and close proximity to Preston's main retail district, the Fishergate Shopping Centre and Preston Railway Station. The square has seen a number of high quality residential conversions and in March 2013 works began on a £1m regeneration project to enhance the public gardens and buildings surrounding it. For further information please refer to www.preston.gov.uk (Winckley Square Regeneration Project).

Tenure

Freehold. Please refer to land registry title and supplementary plans for definitive areas of the building included in the sale.

Description

The property, which is not listed, comprises a substantial period office building over basement, ground, first and second floors. The office accommodation provides suspended ceilings, recessed CAT2 lighting, part raised floors and a lift.

VAT

VAT is applicable to this lot.

Planning

Planning permission granted on 4th August 2008 (Application No: 06/2008/0388) for change of use from offices to create 35 residential apartments, including single and two storey roof extensions has now lapsed. For further information please refer to the legal pack and Preston County Council Planning Portal. The seller has met the council following the expiry of the planning permission who have verbally indicated that they would continue to support change of use to residential. Interested parties should make their own enquiries with Preston County Council directly.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, which is not listed, comprises a substantial period office building over basement, ground, first and second floors. The office accommodation provides suspended ceilings, recessed CAT2 lighting, part raised floors and a lift.

VAT

VAT is applicable to this lot.

Planning

Planning permission granted on 4th August 2008 (Application No: 06/2008/0388) for change of use from offices to create 35 residential apartments, including single and two storey roof extensions has now lapsed. For further information please refer to the legal pack and Preston County Council Planning Portal. The seller has met the council following the expiry of the planning permission who have verbally indicated that they would continue to support change of use to residential. Interested parties should make their own enquiries with Preston County Council directly.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email: will.moore@acuitus.co.uk

Completion Period

Six Week Completion

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 (201A & 201B) Office
86.21 sq m
(928 sq ft)
 CHAPTER 1 CHARITY LIMITED 3 years from 01/07/2016
(1)		 £3,712 30/06/2019
Ground (201) Office
18.86 sq m
(203 sq ft)
 SPINAL HEALTH CARE LIMITED 3 years from 20/07/2015 (1) £1,421 19/07/2018
Ground (Part C) Office
44.04 sq m
(474 sq ft)
 ADMIRAL
CARE SOLUTIONS LIMITED		 3 years from 11/07/2016 (2) £2,370 10/07/2019
Ground (Part D) Office
123.75 sq m
(1,332 sq ft)
 HEMSCOTT ASSOCIATES UK
LIMITED		 1 year from 16/11/2015 (1) £5,018 15/11/2016
Ground (Rear A) Office
14.96 sq m
(161 sq ft)
 DSG DIRECT RETAIL LIMITED 3 years from 17/10/2016 (1) £805 16/10/2019
Ground (F1) Office
120.86 sq m
(1,301 sq ft)
 VACANT      
First (301 & Part 303) Office
160.26 sq m
(1,725 sq ft)
 CLARO SOFTWARE LIMITED 3 years from 01/08/2016 (3) £12,938 31/07/2019
First (303 Part A) Office
45.62 sq m
(491 sq ft)
 RECOVERY HOMES CIC 3 years from 20/05/2016 (1) £2,455 19/05/2019
First (303 Part B) Office
35.67 sq m
(384 sq ft)
 EQUINE PLANNING
SOLUTIONS LIMITED		 3 years from 25/05/2016 (1) £1,920 24/05/2019
First (302 &
Mezzanine)		 Office
443.89 sq m
(4,778 sq ft)
 VACANT      
Second (Workshops A & B) Office
18.02 sq m
(194 sq ft)
 J COUNSELL & C COOKSON 3 years from 18/07/2016
(1)		 £582 17/07/2019
Second (401A) Office
14.77 sq m
(159 sq ft)
 DJ RICHARD PORTER LIMITED 3 years from 01/07/2016
(1)		 £954 30/06/2019
Second (401 B & 401 C) Office
33.82 sq m
(364 sq ft)
 PAUL JONATHAN WILKINSON 3 years from 01/07/2016
(1)		 £3,033 30/06/2019
Second (401 G) Office
24.25 sq m
(261 sq ft)
 OBD LIMITED 1 year from 29/10/2015 (1) £1,566 28/10/2016 -
holding over
Second (401 H) Office
86.68 sq m
(933 sq ft)
 EDISON POPE LIMITED 2 years from 23/02/2015 (1) £5,000 22/02/2017
Second (401 D,
401 E & 401
F & Rear)		 Office
397.72 sq m
(4,281 sq ft)
 VACANT      
Basement Office
268.95 sq m
(2,895 sq ft)
 VACANT      
Totals  
1,938.33 sq m
(20,864 sq ft)
     £41,774  

(1) The lease is subject to mutual rolling break options.
(2) The lease is subject to a tenant option to break on 11/07/2017 & 11/07/2018 and a landlord rolling option to break.
(3) The lease is subject to a tenant option to break on 01/08/2017 & 01/08/2018 and a landlord rolling break option at anytime.
NB. A tenant has paid a deposit to take occupation of Ground Floor (Rear B) c.170 sq ft. £5.00 per sq ft for 3 years from either 01/12/2016 on 01/01/2017 with mutual rolling break options.

Contacts

Seller's Solicitors
DWF LLP 5 St Paul's Square, Old Hall Street
Liverpool
L3 9AE
Helen Thomas 0151 907 3103helen.thomas@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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