Preston, Lancashire, SUPERB TOWN CENTRE RETAIL

Garside Waddingham

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· Joined: Feb 17, 2011

£300,000

Preston, Lancashire, SUPERB TOWN CENTRE RETAIL

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Preston, Lancashire, SUPERB TOWN CENTRE RETAIL in Preston LAN is a Retail Property for Sale

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Price:

£300,000 Get Prequalified Today

Contact:

01772 883188

Location:

Preston, Lancs

Description:

SUPERB TOWN CENTRE RETAIL, INVESTMENT AND POTENTIAL REDEVELOPMENT OPPORTUNITY

Unique town centre property which provides prominent retail premises with first floor office / residential accommodation plus separate investment premises and historic Grade II Listed outbuilding (previously a slaughterhouse) which dates back from around the 17th Century. The main building has an attractive period stone facade beneath a pitched and slate roof. This incorporates vacant retail and first floor accommodation and a separate tenanted shop unit. The old rear barn is cruck framed with sandstone rubble walls and a steep pitched roof covered with corrugated asbestos. This is an opportunity to purchase a very versatile property, which is a piece of Garstang history, which is offered for sale as a whole, yet consideration may be given to splitting, dependent upon circumstances and requirements.
Location
The property is situated right at the heart of Garstang Town Centre, virtually opposite the market cross and adjacent to the old Town Hall. The location benefits from main street frontage and also uninterrupted rear countryside views to the River Wyre and fells beyond. Garstang is a very attractive popular market town which dates back to medieval times; indeed it was recorded in the Domesday Book and, in 2001, became the world's first Fair Trade Town.

It is located midway between Preston and Lancaster City Centres and is situated on the banks of the River Wyre close to the Forest of Bowland, an Area of Outstanding Natural Beauty. The town has a population of around 5,000 and is a true mixture of old and new, with historic buildings alongside contemporary shops and services, providing a focal point for the surrounding rural areas. It has easy links to the motorway network via the M6 and also benefits from a healthy tourist trade.

For identification purposes only, the property is more particularly indicated on the location plan attached.
Accommodation
MAIN BUILDING COMPRISES: Retail Shop (34 sq m / 366 sq ft); Rear Storeroom (15 sq m / 161 sq ft); Rear Stockroom / Kitchen (15 sq m / 161 sq ft).

SELF-CONTAINED FIRST FLOOR OFFICE / RESIDENTIAL ACCOMMODATION COMPRISES: Front Office / Bedroom; Front Office / Living Room (20 sq m / 215 sq ft); Rear Office / Bedroom (11 sq m / 118 sq ft); Rear Office / Kitchen (8 sq m / 86 sq ft); Small Store / Washroom; Separate WC.

OUTSIDE: Limited side vehicular access to rear yard area with old cold store and external WC.

REAR OUTBUILDING (SLAUGHTERHOUSE) COMPRISES: Garage (15 sq m / 161 sq ft); Barn & Rear Store Section (30 sq m / 323 sq ft); Shippen Section (19 sq m / 204 sq ft); Storeroom (29 sq m / 312 sq ft); Cold Room (7 sq m / 75 sq ft).

OUTSIDE: Adjacent yard area (approx 52 sq m) plus a parcel of land at the rear (exact boundaries yet to be agreed).

INVESTMENT PREMISES (trading as 'Stitches') COMPRISES: Ground Floor - Through Sales Shop (22 sq m / 237 sq ft); Washroom / WC; First Floor - Storeroom (12 sq m / 129 sq ft) with access to limited height attic store facility.
Services
We understand that mains electricity and water are connected and that drainage is to the main public sewer.
Rating Assessment
The property is separately assessed for Business Rates as follows:

SHOP & PREMISES 8,000 (rates payable approximately 3,500)

FIRST FLOOR OFFICE & PREMISES 4,000 (rates payable approximately 1,700)

SMALL SHOP & PREMISES 2,800 (rates payable approximately 1,200)
Planning
We believe that the two retail premises have A1 (shops) consent and that the vacant first floor accommodation may be useable as B1 (business) or possibly residential accommodation, subject to Local Authority Consents. The outbuilding (old slaughterhouse) may receive favourable consideration for conversion to a residential dwelling house.

Interested parties must be aware that the property in its entirety is within the Garstang Conservation Area and the old slaughterhouse is a Grade II Listed Building. Obviously, these designations impose much greater development control.

Interested parties must of course make their own enquiries to Wyre Borough Council planning department 01253 891000.
Tenure
The property is believed to be Freehold. The majority of the property is offered with full vacant possession, but the small shop trading as 'Stitches' is currently tenanted by virtue of a lease which is believed to expire in September 2011; the current rent payable is 4,000 per annum. These details must be checked by interested parties' legal advisors.
Purchase Price
Offers over 300,000 are invited.
Plans & Photographs
Photographs and plans are provided specifically for illustration and identification purposes only. They are not to scale and should not therefore be relied upon by interested parties.
Viewing Arrangements
Strictly by appointment with the sole selling agents, namely Garside Waddingham 01772 201117.

These details, whilst believed to be correct, do not form any part of an offer or contract. Purchasers should not rely on them as statements or representation of fact. No person in this firms employment has authority to make or give any representation or warrenty in respect of the property. No appliances or installations have been tested. All measurements are approximate.

Property Type:

Retail Property for Sale

Sq feet:

366 sq. ft.

Amenities:

Parking

For sale by:

Agent/Broker

Phone:

01772 883188

Posted:

April 12 2011 on Facebook