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22-26 Guildhall St 2,824 sq ft 100% Let Office Property Preston PR1 3NU £365,000 (£129.25/sq ft) 9.86% Net Initial Yield
Investment Highlights
- Fully-let asset generating an annual rental income of approximately £35,988.
- Combination of two retail units and residential apartments offers diversified income.
- Located in Preston city center with strong connectivity to Fishergate and Winckley Square.
Executive Summary
Currently producing an annual rental income of approximately £35,988, the asset offers a secure income profile through established tenants. The retail premises are occupied by long-standing businesses under Full Repairing and Insuring (FRI) leases, with terms extending to 2030 and beyond, while the residential units are managed on assured short-term tenancies through a reputable letting agency. This structure ensures optimal occupancy stability and dependable returns for investors seeking a low-maintenance acquisition.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
2,824 sq ft
Costar Property Class
B
Year Built
1892
Price
£365,000
Price per sq ft
£129.25
Yield
9.86%
NOI
£35,988
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
706 sq ft
Amenities
- Storage Space
1 1
1 of 2
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22-26 Guildhall St
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