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£6,250 pcm | £75,000 pa

Retail property (high street) to rent

Market Street, Preston, PR1

£6,250 pcm | £75,000 pa

Retail property (high street) to rent

Market Street, Preston, PR1

Description

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Property features

  • To Let
  • Mixed Use
  • Commercial Property
  • Storage Unit
  • Retail
  • Office
  • Ground floor
  • Basement
  • Great Potential

Letting details

  • Available now

Property description

LOCATION:

Market Street is located in front of the of the Preston's Markets in the heart of Preston City Centre.

Literally a stones throw away from St. Georges Shopping Centre, Friargate and Preston's Harris Library.

Surrounded by historic building such as the “The Old Post Office” which has now been converted into a luxury hotel and other Grade-II listed buildings overlooking the Market Square best known today as the Flag Market.

Market Street and surrounding area has undergone some fascinating changes over the years and boasts striking listed buildings with plenty of history to share.

The Market Quarter is undergoing extensive redevelopment which include the relocation of the indoor market traders to a new glazed market hall under a new canopy, 11 screen cinemas, restaurants, apartments where the area is benefiting from a £55m re development scheme.

DESCRIPTION:

This building is being renovated and comprises of a three story mid terrace offering residential and commercial units to let.

Internally, on the ground floor, the property boasts a large commercial unit and could offer various A1 and A3 opportunities along with a basement.

OPTIONS:

Due to the size the commercial unit the landlord is willing to look at various options with tenants.

The large ground floor unit can be rented as a whole or split into smaller units should any incoming tenant require; however all depending on negotiations and terms agreead.

A basement level with separate access is also available subject to rents and terms to be agreed.

ACCOMMODATION:

The property can be used for a variety of usages however, all applicants should make their own enquires with the council.

These premises could be ideal for retail, restaurant, cafe, takeaway and storage premises

The Property provides the following approximate net internal floor areas:

Ground floor whole unit 452m² / 4865ft²

Basement 156m² / 1,670ft²

All measurements have been made in accordance with the RICS Code of Measuring Practice

SERVICE:

Mains gas, electricity and water supplies are laid on, drainage to main sewer and assumed to be in working order.

PLANNING:

Previously used for FURNINTURE SALE with class A1 permitted use. The premises are now suitable for Class A1 and A3 uses.

Prospective tenants are advised to make their own enquiries to Preston City Council's Planning Department on[use Contact Agent Button].

EPC:

A copy of the EPC is available in due course or the can be inspected at your local Kingswood office.

LEASE:

The unit is available by way of a new and effectively full repairing and insuring lease subject to an upward only rent review for a term of years to be agreed.

RENT:

As a whole unit

Offers in the region of £75,000.00 per Annum VAT may be applicable and excludes rates, payable in advance by standing order and subject to contract

Separate Units

Unit 1 Offer in the region of £25,000.00 per Annum

Unit 2 Offer in the region of £25,000.00 per Annum

Unit 3 Offer in the region of £25,000.000 per Annum

VAT may be applicable and excludes rates, payable in advance by standing order and subject to contract.

RATING ASSESSMENT:

Rates payable for 2019/2020 are 50.04p in the £.

This property may be entitled to 100% rates relief dependant on circumstances all parties interested should make their own enquires to Preston City Council for rate relief.

The Valuation Office Agency website describe the premises as being assessed as a “TBC” with a Rateable Value of £ 50,500.00 TBC

All interested parties are, however, advised to make their own enquires to Preston City Council's Rating Department on 0172 906972.

VAT:

All rents and prices quoted are or may be subject to the addition of VAT at the prevailing rate.

LEGAL COST:

Each party are to be responsible for their own legal costs incurred in the transaction.

VIEWINGS:

Strictly through Kingswood on an appointment basis only.

Please contact Kingswood on:

Preston City Centre Office:[use Contact Agent Button], Unit 8, Fishergate, Preston, PR1 2NJ

Fulwood Office:[use Contact Agent Button], 77 Watling Street Road, Fulwood, Preston, PR2 8EA

[use Contact Agent Button]


DISCLAIMER:

These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

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Map

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Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

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Floor plans

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Property reference 5455. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kingswood Sales & Lettings - Head Office. Please contact the selling agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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