Lot 4 - 22a/b/c Preston Old Road, Freckleton, Preston, Lancashire, PR4 1PD
- Unconditional Online Auction Sale
- Guide Price* : £115,000
- Mixed Use Property Investment Prominent Location Market Town
- Let at a combined annual equivalent income of £11,440.08.
- Convenient Location
Mixed use property investment comprising ground floor retail units and flat above partly let producing a combined annual equivalent income of £11,448
Description
*VIDEO TOUR AND VIEWINGS AVAILABLE UPON REQUEST* The property comprises a two storey mid terrace property arranged as two ground floor retail units with a two bedroom flat above. The ground floor retail units are currently let producing a combined annual equivalent income of £11,440.08. The flat is vacant.
Location
The property is located fronting Preston Old Road and situated in a convenient position close to local shops and amenities. The property has convenient access to Preston New Road (A584) which leads to Blackpool Road (A583). Freckleton lies in a good position to access Lytham, Blackpool, Kirkham and Preston.
Tenure
The property is held Freehold.
Accommodation
22a First Floor Two Bedroom Flat
22b Ground Floor Retail (Barbers) - Salon, Rear Room (with access doorway to Unit C) 36.41 sq m (392 sq ft)
22c Ground Floor Retail (Beauticians) - Salon, Therapy Room, Rear Lobby and W.C 30.70 sq m (330 sq ft)
Outside
Rear garden. The flat is accessed by a metal staircase at the rear of the property.
Tenancies
22a - Vacant.
22b - The property is let as a Barbers shop on a 5 year FRI Lease from 1st April 2021 at a current rent of £411.67pm.
22bc - The property is let as a Beauticians on a 5 year Lease from the 21st September 2022 at a current rent of £541.67pm.
EPC
Energy Performance Asset Rating. No 22a - E. No 22b - D. No 22c - C.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.Additional Information
1. Completion will take place 5 weeks from the date of exchange.
2. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
3. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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