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36 Lune St 2,016 sq ft Retail Property Preston PR1 2NN £140,000 (£69.44/sq ft)
INVESTMENT HIGHLIGHTS
- Prominent three-storey retail outlet
- Situated in a prominent position fronting Lune Street
- Freehold opportunity
EXECUTIVE SUMMARY
A mid terraced three-storey hair and beauty salon fronting Lune Street in a popular and busy location. The premises are let for a term of seven years with effect from 1 October 2022 with the tenant being responsible for internal and external repairs. The commencing rental is £15,500 per annum which is reviewable on the third and sixth anniversaries of the lease. The landlord holds a rent deposit and we can advise the current tenant has been in occupation for in excess of 15 years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,016 sq ft
Costar Property Class
B
Year Built
1985
Price
£140,000
Price per sq ft
£69.44
Tenancy
Single
Number of Floors
3
Frontage
11 ft on Lune Street
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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36 Lune St
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