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Under OfferFor rent: £15,000.00 Per AnnumFor sale: £275,000.00

For Sale/To Let - City Centre Retail Premises with Development Potential - 10 - 12 Guildhall Street Preston

Retail, General Retail, Retail - High Street, Other, Flat, Other Property Types & Opportunities, Residential , 1656 Sq Ft
Property type: Retail, General Retail, Retail - High Street, Other, Flat, Other Property Types & Opportunities, Residential
Tenure: Development Opportunity, To Let, Under Offer, For Sale Freehold
Size: 1656 Sq Ft
Price: £275,000.00
Rent: £15,000.00 Per Annum
Location: 10 - 12 Guildhall Street, Preston, PR1 3NU
The premises are located in a highly visible position fronting Guildhall Street close to its junction with Fishergate, the main retail
thoroughfare in Preston city centre.

Nearby occupiers include Mountain Warehouse, David Thomas Hairdressers, Victoria’s Vault, Preston Health Foodstore, Marks and Spencer and Bodycare Health & Beauty.

The premises comprise a 3-storey terraced property of conventional brickwork construction. The premises benefit from an attractive glazed shopfront to the ground floor with the added security of an electric roller shutter over.
Internally, the building presently provides open plan retail accommodation over basement, ground and first floors together with ancillary accommodation on the second floor.
The building, however, benefits from a separate access directly from Guildlhall Street to the first and second floors therefore offering the potential to use the premises in their existing form or to separate the two elements of the property and
redevelop the upper floors for alternate use.

The premises extend to the following approximately net internal areas (NIA):-
m² ft²
Ground floor 38.67 416.2
First floor 35.23 379.2
Second floor 36.48 392.6
Basement 43.48 468.0
Total NIA 153.86 1,656

We understand that the property benefits from mains electricity, gas, water and drainage connections.

Rating Assessment
The premises currently have a Rateable Value of £11,750.
Some occupiers may, therefore, be eligible for small business rates relief so should make their own enquiries of Preston City Council (tel. 01772 906972).

We understand the premises currently benefit from an established planning use classification within Class A1 (retail shops) of the Use Classes Order 1987 (as amended).

The property does, however, benefit from a planning consent for conversion of the first and second floors to 2 no. self- contained flats under application no. 06/2016/0932. A copy of the Decision Notice is available on request.
Interest parties are, however, advised to make their own enquiries with the local planning authority, Preston City Council (tel. 01772 906912).


Asking Price
Offers in the region of £275,000.

Asking Rental
£15,000 per annum exclusive.
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