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Agent's details

Property agent
Robbie Clarke
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16 - 18 Orchard Street, Preston, Lancashire

For sale: £1,100,000.00|4,752 Sq Ft|Retail - High Street, Retail
Photo of retail - high street for sale in Preston, Lancashire, PR1 2EN
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Property details

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FOR SALE£1,100,000.00
SIZE4,752 Sq Ft
ADDRESS16 - 18 Orchard Street, Preston, Lancashire
TYPERetail - High Street, Retail
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON20th May 2023

Description

Description

The subject provides a terrace of three, self-contained, retail units which starts at the junction of Market Street and Orchard Street. The properties are of brick construction beneath a mix of pitched and flat roofs in part.
Each property benefits from ancillary accommodation in the upper floors. Please note no access is available to the upper floors of 16 Orchard Street as the former tenant has removed the staircase under a Licence to Alterations.




Located in Preston city centre



Prominent position on Orchard Street



Passing Rent: £106,000 per annum



Price: £1,100,000 subject to contract



Net Initial Yield: 9.10% after allowing for usual purchaser's costs. ( Agency Pilot Software ref: 554 )
Website for this property

Location

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Location: 16 - 18 Orchard Street, Preston, Lancashire

Preston (0.4 miles)

Lostock Hall (2.5 miles)

Bamber Bridge (2.8 miles)
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