Retail Investment Opportunity, Preston City Centre
Posted on 2nd October 2017
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 email@example.com
Looking up Cannon Street to Fishergate