Commercial properties for sale in Cedric Place, FY2
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Location The development is situated in a very prominent corner location at the traffic lighted cross road junction of Blackpool Road (A5085), Pedders Lane, Cottam Lane and Abingdon Drive within the popular Preston suburb of Ashton. Blackpool Road forms part of Preston’s main northern distribution road linking via the A59 to junction 31 of the M6 motorway to the east and via the A583 to the Fylde Coast in the west. The development lies on the edge of a densely populated local centre approximately 2 miles north west of Preston City Centre.
Description A predominantly single storey development providing 3 self contained retail units together with car parking. The development was completed in December 2013 following a comprehensive redevelopment of the former car showroom being of steel frame construction with Kingspan Composite micro ribbed cladding to all elevations beneath Kingspan Composite rooftile sheet. We understand that all materials carry a full manufacturers warranty with 25 years for structural and thermal and 40 years for the external coating system.
Accommodation The development provides a total area extending to approximately 803 m² (8,643 ft²) together with 23 car parking spaces. Please refer to the attached schedule.
Services Mains electricity, water and drainage are connected to the premises.
Rating Assessments Please refer to the attached schedule.
Planning The development benefits from planning consent for uses generally falling within Class A1 of the Town & Country (Use Classes) Order 1987 (as amended). Interested parties are recommended to make their own enquiries of the local planning authority Preston city council (tel. 01772 906972).
Tenure Freehold, subject to the various occupational leases.
Tenancy Information Please refer to the attached schedule.
Further information The following supporting information is available upon request: 1. Copy leases 2. Title information 3. Planning information 4. EPC 5. Experian reports (interested parties to undertake their own investigations) 6. Plans
Proposal We are instructed to seek offers in excess of £1,250,000. A purchase at this level would reflect a net initial yield of 7.23%, after allowing for purchaser costs of 5.91%.
For Sale - Prominent Fully Let Investment Opportunity - Units 1 - 3. 535 - 537 Blackpool Road Preston
Type: Retail, General Retail, Retail - Out of Town
Location The property is situated on Kirkham Trading Estate within half a mile of Kirkham Town Centre. Access to the estate is from Freckleton Road which itself links in to the A583 Kirkham Bypass. Kirkham is an established market town approximately 6 miles to the west of Preston and 6 miles to the east of Blackpool. Access to the motorway network is readily affordable via junction 3 of the M55 which is within 2 miles of the subject property.
Description A modern purpose-built industrial workshop facility constructed around a steel portal frame with brick and blockwork infill walls surmounted by metal profile cladding. The roof is also metal profile cladding incorporating translucent skylights. The workshop has been extended to the front with a single-storey annexe of similar construction to the main facility. There are a number of single-storey annexes providing additional storage. Internal offices are provided at both ground and first floor level.
The property provides 2 units that share the office space and amenities.
The property is served by an enclosed service yard area to the front and there is additional servicing to the side and rear.
Accommodation The premises extend to an approximate gross internal area of 1,938 m² (20,850 ft²).
Services We understand that the property is connected to all mains services to include gas, water, electricity and drainage. The joinery workshop facility benefits from a biomass heating system.
Rating Assessment The premises have a combined Rateable Value of £69,500. Interested parties are, however, recommended to make their own enquiries with Fylde Borough Council (tel. 01253 658658).
Planning We believe the premises benefit from planning permission for their existing use as an industrial workshop facility within Use Class B2 of the Town & Country Planning (Use Classes) Order 1987 (as amended). Interested parties should, however, make their own enquiries of the local planning department at Fylde Borough Council (tel. 01253 658658).
Tenure Freehold subject to the existing occupational interests.
Tenancy Information Fylde CNC Specialist Limited (Company No. 5280031) occupy part of the premises by way of an FRI lease dated 23 October 2018 for a term of 10 years at a rental of £56,350 per annum. SPN Joinery Limited (Company No. 05959419) are also in occupation by way of an FRI lease dated 28 March 2013 for a term of 15 years at a current rent passing of £15,550 per annum.
Energy Performance Certificate The property has an EPC Rating of “C” – 67. A copy of the Certificate is available upon request.
Money Laundering In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful Purchaser.
Asking Price Offers in the region of £1,100,000 which reflects the reversionary rental value of this asset.
For Sale - Industrial Investment - 4 - 6 Kirkham Trading Estate, Freckleton Road, Kirkham
Type: Industrial, Offices, Office
Unit 4-6, Kirkham Trading Park, Freckleton Road, PR4 3RBGBPrestonLancashirePR4 3RBFreckleton Road
Location The property is situated fronting Ripon Street close to its’ junction with Plungington Road, just over 1 mile to the north of Preston City Centre. Nearby occupiers include Whalley & Sons Funeral Directors, Pride Hair Design as well as a range of both national and independent traders and service providers located fronting Plungington Road. The locality is predominantly residential in nature with the University of Central Lancashire campus in close proximity.
Description The property comprises a two-storey, mid terraced building of conventional brickwork construction, being rendered in part, beneath a pitched roof covering. The premises have the benefit of uPVC double glazed windows and shop front. The ground floor is presently occupied and trading as Jit’s Plaice and, internally, provides a good sized sales area to the front leading through to rear preparation and storage facilities to the rear. The residential flat consists of a ground floor kitchen, stairs/landing area, lounge, two bedrooms and bathroom with self-contained access leading from the enclosed yard to the rear of the building.
Accommodation The premises extend to the following approximate internal areas:- m² ft² Ground Floor (NIA) 33.49 360.5 First Floor (GIA) 43.45 467.7
Services We understand that the ground floor property is connected to mains electricity, gas, water and drainage facilities with the first floor having electricity, water and drainage supplies.
Rating Assessment The ground floor premises have a Rateable Value of £2,850. The first floor flat benefits from a council tax assessment within band “A”. Interested parties are advised to make their own enquiries with Preston City Council (tel. 01772 906972).
Planning We believe that the premises benefit from an established use classification on the ground floor within Class A5 (Hot food takeaway) of the Use Classes Order 1987 (as amended). Interested parties should make their own enquiries with the local planning authority, Preston City Council (tel. 01772 906912).
Tenure Freehold, subject to the existing occupational interests.
Tenancy Information The ground floor premises are let by way of a 10 year lease from the 26 April 2013 to Mr J K Panchal and Mrs S Panchal at an annual rental of £5,200 exclusive. The lease provides for rent reviews every 3 years. The lease is granted on internal repairing and insuring terms with the tenant’s liability extending to doors, windows and shop front. The first floor flat is let by way of an Assured Shorthold Tenancy Agreement at a monthly rental of £350.
Asking Price Our client is seeking offers in the region of £105,000.
For Sale - Mixed Use Investment - 88 Ripon Street, Preston
Type: Residential, Flat, General Retail, Retail
88 Ripon Street, PR1 7UJGBPrestonLancashirePR1 7UJ88, Ripon Street
PORTFOLIO are delighted to bring to the market FOR SALE this Commercial Property in a prime Location of Blackpool Town Centre. The property is Fully Let with ground floor Retail Units and a 13 Bedroom Hotel to the upper floors producing £38,300 Per Annum.
The property comprises a three storey corner building built of traditional brick walls and has a mansard style roof with slate surfaces.
Accomodation 1 Charnley Rd - 13 x bed hotel; 128.85 sq.m (1387 sq.ft). 1a Charnley Rd - internet cafe; 16.20 sq.m (174 sq.ft). 1b/1c Charnley Rd - locksmith; 68.33 sq.m (735 sq.ft) 80 Coronation St - game shop; 27.10 sq.m (292 sq.ft). 80A Coronation St - sandwich shop; 46.70 sq.m (503 sq.ft) including basement.
All rent reviews are to RPI or market rent whichever the higher, with the exception of 1b/1c Charnley Road.
Virtual freehold - the property is held on a 999 year ground lease (less 10 days) from 1983.
Blackpool is a large resort town, 27 miles from Liverpool, 15 miles from Preston and 40 miles from Manchester and the M6 motorway is only 15 miles distant via the M55 motorway. The property occupies a prominent position in the town centre of Blackpool, close to Debenhams, the prime shopping area and Blackpool Tower.
OFFERS OVER £240,000.
Telephone PORTFOLIO Today on 0161 830 8833 to arrange a viewing.
CORONATION STREET, BLACKPOOL
Type: Hotel, Retail, Mixed Use, Other Property Types & Opportunities
Coronation Street, Blackpool, FY1 4QEGBBlackpoolLancashireFY1 4QECoronation Street