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Guide price
£670,000

Property for sale

Lord Street, Preston, Lancashire, PR1 1DN
Auction
Property
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent

Features and description

  • 5 storey building with planning permission for 13 apartments
  • Fantastic location
  • Ideal investment opportunity
Description;
The building is an existing brick structure comprising ground to fourth floors, giving five storeys in total. Architectural drawings show the formation of multiple self-contained flats on each level
arranged around a central stair and lobby.

Summary
The building is an existing brick structure comprising ground to fourth floors, giving five storeys in total. Architectural drawings show the formation of multiple self-contained flats on each level arranged around a central stair and lobby. The plans include a clear legend identifying existing partitions, removals and new wall linings, with separating walls between flats highlighted. Structural
notes confirm that bending, shear, bearing and deflection are all within permissible limits for the proposed members, and reference is made to a precast beam-and-block floor system. Site works
indicate that strip-out is complete, stud partitions are being formed, and roof-level works retain historic timber trusses.

Site & Building Description
The property is a character brick building fronting Lord Street within an urban town-centre setting. External context shows neighbouring redevelopment activity and an adjacent vacant structure. The primary building displays red brick facades with stone dressings and a traditional slate roof. Internally, original timber beams and brick walls are visible following strip-out. New studwork is being installed to form apartment layouts.

Scope of Works (as indicated on plans)
The works involve the formation of self-contained residential units on the ground, first, second, third and fourth floors. They include the installation of new partitions, alterations to existing timber and stud partitions, and the removal of selected existing walls as shown on the plans. New kitchens and living rooms are positioned on principal elevations, with bedrooms and shower/WC clusters located off the central core. Structural strengthening is planned with the introduction of new members to suit the revised layouts and floors, including precast beam-and-block elements where required. The existing single protected stair will continue to serve all levels, with lobbies and flat entrances accessed from the stairwell.

Accommodation Notes
Room annotations on the drawings indicate typical one-bedroom apartment arrangements per floor. From the legible labels, typical Kitchen and Living spaces range approximately between 17 and 26 square metres, while bedroom spaces are generally between 13 and 16 square metres. Exact areas should be read from the original high-resolution drawings, with each plan drawn at a scale of 1:50.

Key Risks & Notes
The drawings provided are low-resolution screenshots and should not be scaled for construction. All dimensions, room numbers and areas must be verified against the original CAD or PDF
drawings. Historic building fabric is present, and any intrusive works should be reviewed by structural and heritage consultants.

Please note- Preston City Council have made the decision to demolish their Property formally known as the Theibarn Pub due to its condition date for demolition is 05/01/2026. A meeting with the council confirmed they have no plans for development of the site and will consider selling to the freeholder of this building with the consent of the councillors. This is great news as the land, if bought by the freeholder would benefit in it adding more apartments than any other developer can add with our owning our freehold due to all the windows we have facing on the same side as the pub

Rooms

Description
5 STOREY BUILDING WITH PLANNING PERMISSION FOR 13 APARTMENTS

Location/Property
The property is a character brick building fronting Lord Street within an urban town-centre setting.

Tenure
Freehold - TITLE NUMBERS : LA294982 + LA242119

EPC
Awaiting for most recent EPC certificate

Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

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About this agent

Pattinson - Commercial
Pattinson - Commercial
2 Hill Street, Gateshead Tyne and Wear NE8 2AS
0191 392 0913
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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