Retail Investment Opportunity, Preston City Centre

Posted on 2nd October 2017

for shops list

A property on the newly paved and refurbished Cannon Street, a popular secondary retail location in the heart of Preston’s retail district, is now available as an investment sale.

The mid-terraced, three storey, brick-built building under a slated, pitched roof, with a recessed entrance and a large window frontage, provides an attractive investment opportunity to the right buyer.

Internally the property at no. 23 comprises a cafe and retail area arranged over the ground and first floor with additional storage and WC facilities to the basement. It benefits from the following features:

  • WC facilities
  • Basement storage
  • Suspended ceiling with fluorescent lighting
  • Gas central heating

The property is let by way of a five year lease to The Mystery Tea House from July 2015. The lease incorporates a three year break option. The tenant trades in specialist teas from around the world, together with a cafe of 42 covers, arranged over ground and first floor. The passing rental is £9,950 per annum and the Vendor is looking for offers in the region of £120,000.

For more information or to book a viewing, please contact Danny Pinkus on 01772 769000 or email danny@pinkus.co.uk

looking up cannon st

Looking up Cannon Street to Fishergate

 

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