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For SalePOA

For Sale - Substantial Offce Premises with Consent for Apartments - 5,6 & 7 Cannon Street Preston

Residential, Offices, Office, Other, Other Property Types & Opportunities , 4360 Sq Ft
Property type: Residential, Offices, Office, Other, Other Property Types & Opportunities
Tenure: Development Opportunity, For Sale Freehold
Size: 4360 Sq Ft
Price: POA
Location: 5-7 Cannon Street, PR1 3PY
The premises are located on Cannon Street close to its junction with Fishergate, Preston’s main high street.
Cannon Street itself has recently benefited from a range of significant improvement works including the paving of the same via the Fishergate Central Gateway project which was funded by the Heritage Lottery Fund.

A substantial mid-terraced office building formerly being 3 self contained offices of brick construction beneath pitched slate roof providing accommodation over three floors in addition to a substantial basement.
The offices are mainly cellular with some open plan in addition to kitchen and WC facilities.

We have estimated the net internal floor areas as follows:-
m² ft²
Ground Floor 105 1,135
First Floor 131 1,405
Second Floor 122 1,310
Basement 47 510
Total 405 4,360

It is understood that all mains services are available to the property including electricity, gas, water and drainage.
Interested parties are advised to make their own enquiries in respect of services particularly in relation to capacities.

Rating Assessment
The premises currently have a Rateable Value of £16,500.
Interested parties are, however, recommended to make their own enquiries of the rating department at Preston City Council (tel. 01772 906972).

The property benefits from planning consent for conversion from offices (B1(a)) into 15 residential apartments (Class C3) made up of 3 two bedroomed and 12 one-bedroomed apartments/studios. Please refer to application number 06/2018/1112.
Whilst the premises benefit from consent to convert, this has not as yet been implemented and therefore the property remains suitable for office use or a variation to the consented scheme. Our client has undertaken some alternative indicative
layouts producing a more efficient apartment/studio development or alternatively a 22 bedroomed HMO albeit this would be subject to a further planning consent. Further information and plans are available upon request.

Interested parties are advised to make their own separate enquiries of the local planning authority, Preston City Council (tel. 01772 906912).

We understand that the property is held freehold.

Upon application.
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