Property description
Kingswood is delighted to bring this fantastic freehold investment opportunity to the market.
Located on the outskirts of Preston City Centre in the heart of a busy and vibrant residential area this property really does tick every box. The ground and first floors are both tenanted and are immediately income-producing.
Location
The property is set within a predominantly residential area close to Preston City Centre and so benefits from a high level of passing foot and vehicle traffic. There is a large residential community in the vicinity serving as customers to the shop.
Local transport links, public transport links, Preston City Centre and UCLAN are both just a short walk from the property.
Description
The property comprises of a traditional end-terrace takeaway shop with residential accommodation above.
The ground floor contains a shop front with steel shutters over the double glazed windows, as well as two preparation and storage areas to the rear. There is also ample on-street parking in the immediate vicinity of the property.
The first floor element comprises of a traditional two bedroom flat, with a spacious reception room along with fitted kitchen and three piece bathroom suit.
There is a large rear yard with a garage that could be used for a variety of purposes.
Rates
The Rateable Value is £1,536 (according to www.voa.gov.uk). The business would qualify for small business rate relief.
Enquiries should be made of Preston City Council to confirm the accuracy of the above figure.
Council Tax
The residential accommodation is in Band A - £1071.22 per annum.
Terms
Freehold interest offered for sale.
The entire property is leased to current tenant for a term of 10 years from May 2013 at a passing rent of £7800 per annum, subject to a rent review in April 2017. This includes the ground and first floors.
Vacant possession can be granted if required.
Measurements
Ground - Takeaway - 28.4sq.m
Ground - Takeaway - 5.4sq.m
Ground - Internal Storage - 12.9sq.m
TOTAL - 46.7sq.m / 503sq.ft
Services
All mains services are in place and are assumed to be in full working order.
EPC / Recommendation Report
The EPC and RR are both available from your local Kingswood office.
Viewing
Viewing is highly recommended and strictly via Kingswood only.
Please contact Kingswood on:
Preston City Centre Office - Unit 8, Fishergate, Preston, PR1 2NJ - 01772 886 555
Fulwood Head Office - 77 Watling Street Road, Preston, PR2 8EA - 01772 71 71 81
mail@kingswoodproperties.co.uk
www.kingswoodproperties.co.uk