Price Reduced to Stir up Interest in City Centre Retail Investment
Posted on 16th September 2015
A Preston city centre retail investment which is currently let to a successful tea house is now looking for offers in excess of £120,000.
The propery located at 23 Cannon Street is in a secondary retail location, close to the main shopping thoroughfare, Fishergate. National retailers in the vicinity include Marks and Spencers, Next, Boots, JD Sports and BHS.
The mid-terraced, three storey brick-built building comprises a cafe and retail area arranged over the ground and first floor, with additional storage and WC facilities to the basement.
The property is let by way of a 5 year lease to The Mystery Tea House from July 2015 and incorporates a 3 year break option. The Mystery Tea House (www.mysteryteahouse.com) sells specialist teas from around the world together with other refreshments in the 42 cover cafe and the passing rental is £9,950.
Interested parties who think that this investment opportunity is just their cup of tea should contact Danny Pinkus in our agency team on 01772 769000 or email email@example.com.