New Hall Lane | Preston | PR1 4DT

£475,000

Location:

Ideally located on a busy corner of New Hall Lane in Preston within close proximity to the city centre, motorway links and amenities. Within walking distance of Aldi, Lidl, Mecca Bingo, The Range and Centenary Mill Apartments.

Description:

Three story building having over 5 large windows to the front and side allowing ample light through.
Front entrance and back entrances fitted out with UPVC front windows/doors and double glazing throughout, suspended ceilings.

A lot of money has been spent on this renovated property with modern features such as a new veri-sure alarm system, high end furniture and decoration.

The upper 2nd floor still needs to be fully renovated however the individual rooms are nearly ready for completion, structurally there are complete, any new comer will just need to finish off.

Accommodation:
The ground floor consists of the following
- Kitchen
- Disabled / Women / Male Toilets
- 2 different dining areas
- Bar area
- Access to the cellar
- Access to the rear parking
- Furniture / fittings negotiable with the landlord
- Spotlights
- TV aerial points

The first floor consists of the following
- 3 different dining areas
- Access to a smaller kitchen / staff room
- Furniture / fittings negotiable with the landlord
- Spotlight fixtures
- Office 

The second floor consists of the following

- In need of renovation

- under construction and has potential to be built into 4 separate bed sits all with en-suites in each.

Approx. measurements

Ground floor

Dining area: 12m x 9.5m

Dining area (side): 2.5m x 10.5m

Kitchen: 5.5m x 4.5m

 

First floor

Dining area: 6m x 8.5m

Small private room: 4.5m x 3.5m

Cinema room: 3m x 7m

Kitchen staff room: 6m x 5.5m

Office: 2m x 2m

 

Second floor

Bedroom 1: 4.5m x 3.5m

Bedroom 2: 4.5m x 4.5m

Bedroom 3: 3m x 4.5m

Bedroom 4: 3.5m x 4.5m

Equipment:

This property comes with the following equipment which many are bespoke.

Rational Oven with Stand, 1500m steak grill with stand/table - Hobart Bonnet, gas flat griddle Blueseal 600 mm, Alto Shaam warmer drawer, Blueseal gt46 double tank Fryer, 4 burner cooker - 600 x 800 - Blue Seal 4 Hob no Oven, 1400 x 600 double sink with space for dishwasher underneath

Hobart dishwasher under counter, Bespoke Corner Table, Hand Sink 300 x 300, Commercial sink Unit 1800 x 650, Double bowl Single RH Drainer, Table 2440 x 350D x 900H 1 Shelf, 2 Tables 900H x 1250W x 800D 1 Shelf, Sink for Bar 1200 x 600 x 900, Table to go over glass washer. 5m canopy, chip warmer, worktop and fridge, plate warmer, master chef 6 ring cooker, dishwasher, dough maker, prep areas, cold room, epos system, music system, alarm, cctv this is not an exhausted list.

This will also need to be confirmed due to tenants also possibly owning their own equipment therefore this list may be changed at time.

Service:
Mains gas, electricity and water supplies are laid on, drainage to main sewer and assumed to be in working order.


Planning:
Previously used as RESTAURANT AND PREMISES. The premises are considered suitable for a wide variety of uses.

This property may be entitled to 100% rates relief dependant on circumstances all parties interested should make their own enquires to Preston City Council for rate relief.

All interested parties are, however, advised to make their own enquires of Preston City Council Rating Department on 0172 906972.

Rating Assessment:

Rates payable for 2021/2022 are

The small business non-domestic multiplier 49.9p in the £.

The non-domestic multiplier 51.2p in the £.

A rateable Value of £19,750.00 as per VOA website

All interested parties are, however, advised to make their own enquires of Preston City Council Rating Department on 0172 906972.

EPC:
A copy of the EPC is available in due course or the can be inspected at your local Kingswood office.

Purchase Price :

Asking Price £475,000

Business not included, will still be running by existing business owners

5 year lease from Nov 2019

Income:

Income of £27,000 per annum is currently achieved on a 5 year lease from Nov 2019

Potential Income:

4 bed sits will have the potential to bring in £100PW with bills included which is a potentially extra income of £1600 per month / £19,200 per annum

VAT:
All prices quoted are or may be subject to the addition of VAT at the prevailing rate.

Legal Cost:
Each party are to be responsible for their own legal costs incurred in the transaction.

 

Viewings:
Strictly through Kingswood on an appointment basis only.

Please contact Kingswood on:
Fulwood Office: 01772 71 71 81, 77 Watling Street Road, Fulwood, Preston, PR2 8EA

Preston City Centre Office: 01772 88 65 55, Unit 8, Fishergate, Preston, PR1 2NJ
mail@kingswoodproperties.co.uk
www.kingswoodproperties.co.uk

Disclaimer:
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.


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EPC

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Brochure

Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.

For sale

Income Producing Property
Studio bedroom(s)
0 bathroom(s)
0 receptions

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