Lot 7 - Premier House, Church Street, Preston, Lancashire, PR1 3BQ

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• Part let two storey City Centre Office Block
• Part of the ground floor currently ler at £1,500 per month
• Redevelopment potential subject to necessary consents

Part let two storey City Centre office block in need of redevelopment.

Description

The property comprises a part let two storey City Centre office block which would benefit a scheme of redevelopment and repurposed for alternative use, subject to the necessary consents. Part of the ground floor is currently occupied under licence at a current rent of £1,500 per month and is in good condition. The total Net Internal Floor area is 884.82 sq m (9,524 sq ft)

Location

Premier House lies on the northern side of Church Street which is approximately 200 metres south of the city’s bus station and 700 metres south west is the Mainline Railway Station.
Premier house is situated at the junction of Guild Road and Church Street in a busy but secondary part of the city centre with adjacent occupiers including East is East Restaurant, a taxi rank, Preston Minster and Twelve Tellers public house as well as the city centre leisure pitch.

Tenure

The property is held Leasehold for a term of 125 years from the 17th April 2018. There is no ground rent payable.

Accommodation

The Church Street elevation was previously a large reception area and the majority of the space has now been turned into a potential retail unit. The accommodation is sub-divided by way of a mixture of solid brick (predominantly ground floor) and plasterboard/timber stud walls (more prevalent at First Floor level) below suspended tile ceilings, with carpeted suspended concrete floors, spot and fluorescent lighting to the suspended ceiling grid which incorporates hard wired smoke detectors.

There are 3 stairwells, 2 to the rear, and one main open double height stairwell linking the two floors with a disabled chairlift. On both floors the offices have central ladies, gents and disabled W.C's, as well as sluice rooms. The offices are heated by electric storage heaters. There is a large meter cupboard to the rear, where it appears that individual offices may be separately metered.

The property is in poor condition, with the specification and decoration also being outdated. It is likely that the accommodation would need to be redeveloped and repurposed for alternative use, subject to the necessary consents.

Ground Floor: 415.89 sq m (4,477 sq ft)
First Floor: 468.93 sq m (5,048 sq ft)
Total: 884.82 sq m (9,524 sq ft)

Tenancies

Part of the ground floor is let on a Licence for a four month period due to expire on the 1st March 2025 at a monthly rent of £1,500 per month.

EPC

Energy Performance Asset Rating - E

Buyers Administration Fee

Additional Information

1. 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.

2. 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.