Property description

Location:
Corner position Miller Arcade occupies an excellent position in Preston City Centre within close proximity to Fishergate, Friargate, Cheapside and Market Place.
Occupiers doors away include French Connection, Games Workshop, Co-op Bank, Subway, Cotswold, Waterstones, as well as a number of leading bars and restaurants.

Description:
The famous and fine-looking shopping arcade in the heart of Preston is called the Miller Arcade, it was the first indoor shopping centre in the town. The Miller arcade was designed around the Burlington arcade in London. The rather scaled down Miller arcade was built around in the late 1890s by Nathaniel Miller.

This Grade II listed building has a grand front entrance with large pillars and stone work with corner windows giving lots of natural light. The ground floor has wall lighting, double glazed windows and door, air con, shutters, ample amount of electrical points, alarm.

The Basement level compromises of a large area all wooden floored, spot lights, toilet and sink facility and corner changing room facility.

There are no Fixtures and Fitting included.

Accommodation:
The property is situated over 2 floors and provides the following approximate net internal floor areas:

Ground Floor
Retail Zone A - 32.95m2 / 354.67ft²
Retail Zone B - 11.5m2 / 123.78ft²
Basement Retail Area - 38.83m2 / 417.96ft²
Basement Storage/Toilets - 2.08m2 / 22.389ft²

All measurements have been made in accordance with the RICS Code of Measuring Practice

Service:
Mains gas, electricity and water supplies are laid on, drainage to main sewer and assumed to be in working order.

Planning:
Previously used for retail purposes. The premises are considered suitable for a wide variety of uses.
Prospective Tenant are advised to make their own enquiries of Preston City Council's Planning Department on 01772 906581.

EPC:
A copy of the EPC is available in due course or the can be inspected at your local Kingswood office.

Lease:
The unit is available by way of a new and effectively full repairing and insuring lease subject to an upward only rent review for a term of years to be agreed

Rent:
Offer in the region of £11,000 per annum, exclusive of VAT and rates, payable in advance by standing order and subject to contract

Rating assessment:
Rates payable for 2014/2015 are 48.2p in the £.
This property may be entitled to 100% rates relief dependant on circumstance
The Valuation Office Agency website describe the premises as being assessed as a “SHOP AND PREMISES” with a Rateable Value of £15,750
All interested parties are, however, advised to make their own enquires of Preston City Council Rating Department on 01772 906972.

VAT
All rents and prices quoted are or may be subject to the addition of VAT at the prevailing rate.

Legal Cost:
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
www.kingswoodproperties.co.uk

Disclaimer:

These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

Property Features :

• Shops and amenities nearby
• Close to public transport
• Double glazing