Commercial Property in Preston, Lancashire available for sale
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Commercial Properties for Sale in the Preston, UK

Explore the Latest Preston, Lancashire Commercial Property for Sale

More details for 27 Chorley Rd, Preston - Retail for Sale

27 Chorley Rd

Preston, PR5 4JA

  • Retail for Sale
  • £199,000
  • 756 sq ft
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More details for 2 Fishergate Ct, Preston - Build-to-Rent for Sale

2 Fishergate Ct

Preston, PR1 8QF

  • Build-to-Rent for Sale
  • £700,000
  • 3,019 sq ft

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

Contacts:

FW Commercial

Pattinson Commercial

Property Subtype:

Apartment

Date on Market:

17/06/2025

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More details for Roman Way, Preston - Industrial for Sale

Roman Way

Preston, PR2 5AP

  • Industrial for Sale
  • 31,625 sq ft
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More details for Roman Way, Preston - Industrial for Sale

Roman Way

Preston, PR2 5AP

  • Industrial for Sale
  • 60,900 sq ft
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More details for Roman Way, Preston - Industrial for Sale

Unit 10 - Roman Way

Preston, PR2 5AP

  • Industrial for Sale
  • 92,400 sq ft
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More details for Roman Way, Preston - Industrial for Sale

Unit 9 - Roman Way

Preston, PR2 5AP

  • Industrial for Sale
  • 124,688 sq ft
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More details for Roman Way, Preston - Industrial for Sale

Roman Way

Preston, PR2 5BE

  • Industrial for Sale
  • 147,000 sq ft
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More details for Roman Way, Preston - Industrial for Sale

Roman Way

Preston, PR2 5AP

  • Industrial for Sale
  • 124,688 sq ft
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More details for Central Dr, Preston - Industrial for Sale

Central 600 - Central Dr

Preston, PR5 6BD

  • Industrial for Sale
  • 605,976 sq ft
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More details for Chorley Rd, Preston - Office for Sale

Quarry Bank - Chorley Rd

Preston, PR5 4JN

  • Office for Sale
  • £325,000
  • 2,654 sq ft
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More details for 50 Greenbank St, Preston - Leisure for Sale

50 Greenbank St - 50 Greenbank St

Preston, PR1 7PH

  • Leisure for Sale
  • £2,100,000
  • 26,078 sq ft
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More details for 50 Avenham St, Preston - Office for Sale

50 Avenham St

Preston, PR1 3BN

  • Office for Sale
  • 11,767 sq ft
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FAQs about Commercial Properties For Sale in Preston, Lancashire

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How many Commercial Property listings are available for sale in Preston, Lancashire?
There are currently 29 Commercial Properties available for sale near Preston, Lancashire. These Preston, Lancashire Commercial Property listings have an average size of 52,110 sq ft. The largest available listing in Preston, Lancashire is 605,976 sq ft. The thriving commercial centre and excellent transport links in Preston, Lancashire make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Preston, Lancashire?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Preston, Lancashire currently range from £57 to £294 per square foot. While the average net initial yield for Commercial Properties is 9.20%.
What other types of commercial property are available for sale in Preston, Lancashire?
There is a diverse range of commercial properties available in Preston, Lancashire to suit various business needs. Preston, Lancashire offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 29 Preston, Lancashire commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Preston, UK

Preston is a strategic location for investors and owner-occupiers looking to purchase commercial property. With ongoing regeneration projects and strong transport infrastructure, it offers attractive yields and long-term growth potential. Popular areas for commercial property ownership include the city centre, Riversway Docklands, and Red Scar Industrial Estate. Buyers can find a mix of office buildings, retail premises, and industrial assets, supported by Preston’s growing local economy and skilled workforce.

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