Substantial Modern Four Storey Building – Offices, Warehouse & Residential Accommodation – c47,000 sq.ft. (4,366 m2) - Currently Producing approximately £20,000 pcm

Substantial modern four storey mixed use building, providing office, warehouse and residential accommodation. Considered suitable for a wide variety of uses, subject to the required consents being obtained. The building provides a GIA of circa 47,000 sq.ft. Briefly comprising: - Ground Floor – Rear full height warehouse (with 2x loading doors) – approx. 9,269 sqft., plant room, store, reception, offices, café and kitchen First Floor – Offices (LHS), Former residential side - common room, kitchen, laundry room, office, (originally) 10 x en-suite rooms Second Floor – Offices (LHS) plus (originally) 21 x en-suite rooms and ancillary Third Floor - Offices (LHS) plus (originally) 17-18 x en-suite rooms and ancillary offices Externally there is parking on site for 60-70 cars. NB Many of the en-suite rooms have been re-purposed to offices with some knocked through to create larger offices. Tenancies The Vendor (Charity) will enter into a short-term agreement ending on the 31st March 2027 paying £16,000 pcm, relating to their occupation of the ground floor warehouse, second and third floor offices. Currently the Charity (Vendor) sub-let parts of the building on short term all-inclusive agreements totalling £72,520 pa gross. Please see legal pack for agreements and plans showing demises. The vendor will absorb all gas, electricity and water rates incurred running the building from completion of the sale until they vacate on the 31st March 2027. All other costs of ownership will be for the buyer, including building insurance premium. Tenure The majority of the land is long leasehold from Preston City Council, 125 years from 2008 at £23,000 pa, next review 2028. Two other freehold parcels of land complete the site. It is understood that VAT will be/is applicable, however the sale will be TOGC. Tenure: long leasehold & freehold Title number: LAN79445 (leasehold) LA215652 & LA740894 (freehold) Length of Lease/Term: 125 years from 30 July 2008 Ground Rent : £23,000 pa Service Charge: £ Council Tax Band : Local Authority: Preston Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

See Legal Pack

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

EPC RATING - UNITS GD + GA

C

EPC RATING - 2nd + 3rd Floor

B

EPC RATING - UNIT GE

D

Local Authority

Preston City Council

Offered in association with

Taylor Weaver

Additional Fees

Administration Charge - 2.75% inc VAT of the purchase price, subject to a minimum of £3600 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.