Property description
Kingswood are delighted to bring this commercial letting opportunity to the market.
LOCATION
This property is ideally located in the centre of Preston, in the heart of the retail offering. It is situated in close at the junction of the pedestrianised section of Friargate with Cheapside.
ACCOMMODATION
Internally, the property comprises a good-sized retail premises which is set over ground and first floors. The property location and standard would be suitable for a variety of retail trades.
valuation
Ref.
Floor
Description
Area m2/unit
£ m2/unit
Value
1
Ground
Retail Zone A
34.10
£1,400.00
£47,740
2
Ground
Retail Zone B
13.70
£700.00
£9,590
3
First
Internal Storage
31.30
£70.00
£2,191
4
First
Staff Toilets
N/A
£0.00
£0
Total area:
79.10
Subtotal:
£59,521
Additional items
Air Conditioning System
47.8
£7.00
£335
Total value:
£59,856
Rateable value:
£ 59,500
LEASE
The premises are offered on a new 10 year Lease subject to upward only rent review at the end of the fifth year. The Lease shall be upon full repairing and insuring terms.
RENT
£35,000 per annum exclusive of rates and VAT, payable quarterly in advance by standing order.
RATES
We are verbally advised by Preston City Council as follows:
Rates Payable 2012/2013: 45.8p in the £
SERVICES
The premises have the benefit of air conditioning to both ground and first floors.
VAT
All rents and prices quoted are or may be subject to the addition of VAT at the prevailing rate.
LEGAL COSTS
Each party are to be responsible for their own legal costs incurred in the transaction.
Viewings:
Strictly through Kingswood on an appointment basis only.
Please contact Kingswood on:
Preston City Centre Office: 01772 88 65 55, Unit 8, Fishergate, Preston, PR1 2NJ
Fulwood Office: 01772 71 71 81, 77 Watling Street Road, Fulwood, Preston, PR2 8EA
mail@kingswoodproperties.co.uk