3 Orchard St 2,725 SF Retail Unit Offered at £350,000 in Preston PR1 2EN
INVESTMENT HIGHLIGHTS
- Good level of passing trade being on a retail street.
- Amongst such multiple retailers as Greggs, Halifax, Amplifon, Card Factory and Coral.
- Benefits from good transport links with Preston Railway Station close by.
EXECUTIVE SUMMARY
The property comprises a masonry constructed building offering retail and office space situated over four floors. The property is located on Orchard Street in Preston. The property benefits from good transport links with Preston Railway Station and A59 being close by.
PROPERTY FACTS
| Price | £350,000 |
| Unit Size | 2,725 SF |
| No. Units | 1 |
| Total Building Size | 5,415 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 5 |
| Typical Floor Size | 1,083 SF |
| Year Built | 1934 |
AMENITIES
- Security System
- EPC - A
- Storage Space
- Air Conditioning
1 UNIT AVAILABLE
Unit 3
| Unit Size | 2,725 SF |
| Price | £350,000 |
| Price Per SF | £128.44 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 9.40% |
| NOI | £32,900 |
DESCRIPTION
A substantial mid terraced building comprising a ground floor retail unit of 1,688 sq ft with ancillary accommodation at basement level of 1,027 sq ft. The upper floors, which are not part of our client’s ownership, comprise approx. 2,700 sq.ft of office accommodation.
SALE NOTES
The property is help on the remainder of a 999 year long leasehold which commenced 2019. The ground rent is one peppercorn per annum, if demanded.
Floor Plan
1 of 1
NEARBY MAJOR RETAILERS
