Mixed Use Freehold Investment With Six Flats And Restaurant

Large tenanted mixed use building currently generating an income of £56,000 pa. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding. Site visits are available with prior notice via Auction House North West.

Tenure

See Legal Pack

Description

This town centre property comprises of six tenanted flats and restaurant. Accessed through a secure ginnel to the side of the building there are six tenanted apartments. To the front of the property there is a currently leased restaurant. An historic planning application was previously approved for 14 apartments and a A1 retail space (following demolition of current building). Previous planning reference-06/2007/0061.

Accommodation

The property comprises of the following- 2 Stanley Street- Flat 1-Living room, kitchen, bathroom and bedroom Flat 2-Living room, bathroom and bedroom Flat 3-Living room, kitchen, bathroom and two bedrooms 3 Stanley Street- Flat 1-Living room, Kitchen, bathroom and two bedrooms Flat 2-Living room, kitchen, bathroom, bedroom Flat 3-Living room, kitchen, bathroom and two bedrooms Restaurant- The retail space is approximately 645 sqft including dining area, kitchen, WC and basement. Externally- To the rear are private communal gardens with patio and lawned areas.

Location

The property is located in the heart of Preston with access to motorway links and a short walk to local amenities including shops and schools. The property is positioned just off the A6 by Aldi superstore.

Energy Efficiency Rating (EPC)

Current Rating D & E

Local Authority

Preston City Council

Additional Fees

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.