Income Producing Self-Contained Shop and Flat Generating £10,197 per annum
Comprising a two-storey mid-terrace property providing a ground floor retail unit and apartment on the first floor. We have not inspected the premises internally, however we understand the accommodation to provide a ground floor retail unit occupied by a sandwich takeaway shop and a tenanted self-contained 1-bedroom apartment on the first floor. Location The property is situated fronting Ribbleton Lane (B6243), Preston, close to the junction of Geoffrey Street. Preston city centre lies approximately 0.5miles from the property. Tenancy Ground Floor: Let on a rolling lease to private individual t/a sandwich shop at £5,725 per annum First Floor: Let on a rolling lease at £4,472 per annum. Tenure See legal pack Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating To follow
Preston City Council
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
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Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.