198 Miller Rd
Preston PR2 6NH
Retail Property For Sale
·
10,400 SF
INVESTMENT HIGHLIGHTS
- Situated on Miller Road and form part of a small retail development serving the local community.
- Benefits from car parking in the vicinity.
- Anchored by a Heron Frozen food store, together with the local health centre.
EXECUTIVE SUMMARY
The property comprises a building of masonry construction under a pitched tiled roof, providing retail accommodation arranged over one floor. The property is located on the corner of Miller Road and The Green with access to junction 31A of the M6 motorway, situated close by.
PROPERTY FACTS
| Unit Size | 780 SF |
| No. Units | 1 |
| Total Building Size | 10,400 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront |
| Sale Type | Investment |
| Building Class | C |
| Number of Floors | 1 |
| Typical Floor Size | 10,400 SF |
| Year Built | 1996 |
| Lot Size | 1.42 AC |
1 UNIT AVAILABLE
Unit 198A
| Unit Size | 780 SF |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.73% |
| NOI | £8,500 |
DESCRIPTION
The premises comprise a ground floor lock-up shop unit of brick construction under a pitch tiled roof, with aluminium shop front, and electrically operated roller shutter door. Internally the unit has a suspended ceiling, inset lighting and air-conditioning.
SALE NOTES
The property is let to MNV Trade Limited (Company No. 16146105) with a personal guarantee from Amir Musa, on the basis of a new 3 year lease with effect from 14 February 2025, at an annual rent of £8.500 per annum.
AMENITIES
- Roller Shutters
- Storage Space
