Commercial Property for Sale near the New Longton, Longton

Preston Retail for Sale

A two-storey end-terraced property accommodating a good sized retail shop to the ground floor and first floor residential flat. Internally, the ground floor provides predominantly open plan accommodation which has been subdivided by timber framed partitioning to suit the current occupier’s use of the property. A WC facility is provided to the rear of the customer facing areas. The first floor is accessed via an external staircase located to the rear of the building and provides a good size residential flat comprising 2 bedrooms, living room, kitchen and large bathroom accommodating both bath and shower. The attic currently provides fairly extensive storage but may offer scope for development having the benefit of existing velux windows. Externally, the property benefits from a good sized enclosed rear yard accessed from Mill Street.

Date on Market:

30/07/2025

Preston Build-to-Rent for Sale

25 x highlights - of the Opportunity: 1. Fishergate Apartments is a (single Title Freehold) Block of Apartments sitting in prime position in Preston opposite the Main LCC Lancashire County Hall building and Train Station. With a sleeping capacity of 13 per night, in a recent good year generated a Turnover of £143,000 pa with a EBITDA of £75,600 resulting in a Gross Yield of 15% [in 2022, it gives a 9.5% net net ROI 2. The running average over the last 4 years is a Turnover of £122,000, given our asking price of £800k that is an average Gross yield of 15.2% and a net net ROI of 7.9%. 3. EBITDA is an average of 53%. regardless of the income for the year, the EBIDTA earning ratio seems to hold above 50%, from a low OPEX, given it is well maintained, modern with and Energy rating EPC = C. 4. Rateable Value of £9700 (i.e. Council Tax) - under Small Business Rate Relief (SBRR) for the last 10 years therefore a £0 Zero liability for the Entire building. 5. The Freehold building contains x6 individual nightly bookable units (see floor plans) 6. 4 x Apartments with double bedrooms, lounge & full kitchen, bathroom. 7. 2 x Single Rooms with ensuites and desks with a Shared kitchen. 8. Bookable, instantly Online, with Nightly rates as low as £45pn up to £130pn, per space, with addition of some sofa beds its gives a total capacity of x15 sleeping per night. 9. Ground Floor also has Shared Lounge + kitchen, + Luggage Storage, plus Reception entrance area. 10. Single bed owners / Housekeepers (staff) accommodation. 11. The Basement; has a in-house laundry, storage of linen, x2 Small Office rooms, waste storage, plus Plant room. 12. Handover of a fully stocked running operation such as cleaning equipment, linen, bedding, supplies. 13. Machinery: washers, Drying and Iron machine, and other tools & equipment that are required for detailed maintenance of all surfaces, carpet, bathrooms. 14. Fully trained, industry experienced, housekeeper in place on a perm staff basis. 15. No alcohol served, no bar, no restaurant to run, no breakfast service (in its current set-up), therefore a new owner could add these as additional revenue streams. 16. No tenancy agreements, no AST's, No Leases to worry about. Sold vacant possession, with hotel guests - instead contracts with service providers such as Booking.com and other similar channels. 17. Systems: Booking / Payments Systems and other dashboard logins to remotely manage all - OTA channel manager and agreements all been in place for 10 years, great rates negotiated for all services like utilities etc. 18. Comes with historical Customer records such as emails / mobile numbers and booking history of more than 4000 records who recognize the brand of 'Fishergate Apartments' in Preston. 19. Access to contacts of local servicing companies that help support any issues to ensure smooth running. 20. Full Training & handover over 1 month period by current owners, as well as recruitment insights of critical aspects of housekeeping. 21. New Owner may run it remotely from a laptop, admin of 30 mins per day, and x2 site visits per month. 22. Gas Central Heating throughout, with customers controls, overriding controls by management. Concrete block and Beam floors throughout, which are end to end supported. Concrete Block wall & brick. Traditional pitched Tiled roof, making it easier to insure. 23. Each apartment has its own Elec Consumer unit, therefore a potential to retrofit meters (electric/water) to change of use back to traditional lettable units. 24. Further developments with massive uplift in revenues , & therefore valuation. potential for a Ground floor walk-in food outlet. National food franchise brands have shown some interest. If a Franchise Agreement is signed and/or Planning Permission gained before your enquiry, then the asking price may be increased to reflect that uplift. 25. Finally and most importantly, in a Very central prime location in Preston - with amazing transport connections to London (2hrs) Scotland (2hrs), Manchester (45 mins). PR1 8QF / google maps = 53.75692 , -2.70851

Property Subtype:

Apartment

Date on Market:

17/06/2025

Preston Office for Sale

Understood to be freehold. Unconditional offers are sought in the region of £750,000.

Date on Market:

30/05/2025

Preston Portfolio of properties for Sale

Freehold. Vacant possession of all elements of the building will be provided on completion.

Date on Market:

10/02/2025

Preston Retail for Sale

The property is help on the remainder of a 999 year long leasehold which commenced 2019. The ground rent is one peppercorn per annum, if demanded.

Property Subtype:

Shopfront Retail / Office

Date on Market:

06/02/2025

Preston Land for Sale

Upon instructions of the Fixed Charge Receivers: Car Park (Currently let at £50,000 per annum) / Development Opportunity STPP approximately 0.173 hectares (0.45 acres)

Property Subtype:

Commercial

Date on Market:

11/07/2025

Preston Land for Sale

Lot 181 was available for sale at an Allsop online auction that was held on Tuesday 30th September 2025. The property comprises an investment for sale. The asking price is £250,000 .

Property Subtype:

Commercial

Date on Market:

22/09/2025

Preston to Rent