This property is no longer on the market
Retail property (high street)
Property description & features
- Tenure: Freehold
- Investment Opportunity
- Mixed Use Property
- Ground Floor Retail
- 2x Flats First Floor
- Generous Shop Area
- Toilet/Staff Area
- Separate Access to Flats
- Shared Entrance Hall Storage
- Part Tenanted Generating a Total Income Approximately £15,300 Per Annum
Pattinson Auctions are delighted to offer to auction this investment opportunity which briefly comprises of a ground floor retail unit and 2x one bedroom apartments to the first floor. The property is currently part tenanted generating approximately £15,300 per annum.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Chapel Brow, a busy main road location in Leyland. The closest transport link is Queen's Hotel bus and coach station (0.1mile). Preston City Centre is located approximately 6 miles away from this property.
Accommodation
GROUND FLOOR
Generous size shop/retail display area
Store & Toilet Area
FIRST FLOOR: Two Flats (16 & 17)-
Both with lounge, dining area & kitchen
Bathroom and shared entrance storage
Tenancy Information
We are advised the property is part tenanted as outlined below.
Shop is tenanted at £800 pcm (£9,600 pa) on a 15 year lease which commenced on the 15th of December 2021.
Flat 16 is tenanted at £450 pcm (£5,400 pa).
Flat 17 is tenanted at £475 pcm (£5,700 pa) on a rolling basis.
Total income approximately £15,300 per annum which can increase to £20,700 per annum once fully tenanted.
Tenure
Freehold. TITLE NUMBER: LA728254
EPC
Available upon request (rating D).
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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Energy Performance data and Internal floor area
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