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