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
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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
