mixed use
Stanley Street, Preston, PR1
£250,000

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Key Features

    Full Description

    Large investment property on busy main road with flats and vacant takeaway.

    TO BE SOLD BY AUCTION 26 JULY 2017

    REFER TO THE AUCTION CATALOGUE FOR FURTHER DETAILS: LOT 56.

    GUIDE PRICE: £250,000

    EPC ratings - EPC ratings: Shop C. Flats: Four are D, Four are E.

    *For essential guide price information visit: www.edwardmellor.co.uk

    EPCs on order

    Overview

    This is a very deceptive property and plot located less than a mile from Preston Centre and University which could make this a very shrewd mixed use investment that based on previous income could generate around £50,000 per annum net of HMO bills equating to a16.6% return each year. There is also potential, subject to permission, that access could be made to the rear for parking. There is also potential to develop the site further: An historic application was made reference number: 06/2007/0061 for outline planning for the erection of three and four storey building comprising 14no. Apartments and 1no. Class A1 retail/Class A3 café unit (following demolition of existing building) 23-May-2007. Decision: Previously approved subject to s106 agreement

    Retail Space

    Circa 60 SQM (645 SQFT) open plan to front with kitchen area behind and WC and basement. Former takeaway (A3/A5).

    2 Stanley Street

    Separate entrance to front through ginnel. Flat 1: Self contained flat with living room, kitchen, bathroom, bedroom. Flat 2: Self contained flat with living room, bathroom, bedroom. Flat 3: First floor self contained flat, living room, kitchen, bathroom,

    3a Stanley Street

    Ground floor entrance. First floor: Flat 1: Large living room and kitchen, Two bedrooms, bathroom. Flat 2: Self-contained flat with, living room and kitchen, bedroom, bathroom. Second floor: Flat 3: Living room and kitchen, three rooms, bathroom.

    Notes

    Tenure: Freehold. Rateable valuation: 3 & 3a Combined: 11,000 per annum. Flats: Band A Council Tax. Majority double glazed, central heating systems in all flats. Recent improvements have been electrical installations, new boilers in 6 flats, modernised kitchens and bathrooms, carpeting and general decor. EPC ratings: Shop C. Flats: Four are D, Four are E.

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    Auction department 0161 443 4740

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