Mixed use for sale
Property description & features
- Tenure: Freehold
- To be sold under auction terms
- Mixed use commercial/residential
- Potential increase return
- Tenanted
- Over 15% yeild based on todays guide price
TO BE SOLD BY ONLINE AUCTION ON 23RD OCTOBER 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
419 Blackpool Road, Preston, PR2 2DU
Not inspected by Edward Mellor but reported to comprise; two storey building with cellars. Ground floor is a retail unit, kitchen and WC – Let on a periodic lease at £350 pcm.
First floor; one bedroom flat with lounge, kitchen and bathroom – Let on a periodic lease at £425 pcm
An excellent chance to acquire a mixed-use property in a highly sought-after area of Preston, offering a combination of residential and commercial space with immediate rental income and the potential for further growth. The property is ideally located in a busy, high-footfall area with strong transport links and easy access to local amenities.
With a combined income of £9,300 per annum, it currently offers an impressive yield of 15% based on today guide price with scope to increase.
Here are a handful of similar properties which have sold close by which highlight the potential:
135, Roebuck Street, Preston, PR2 2JN- Sold - 08/11/2022 £115,000 0.12 mi
47, Plungington Road, Preston, PR1 7EP- Sold - 05/04/2023 £117,000 0.67 mi
* Please note internal pictures have been provided by the vendor*
Places of interest
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