A mid-terrace commercial investment and residential development opportunity. The property comprises a ground floor retail unit trading as a Post Office and let by way of a 10 year lease at a passing rent of £10,000.08 per annum. The upper floors comprise vacant residential accommodation, with planning consent to convert to a 5 bedroom HMO.

There is a small yard area to the rear.

The property benefits from planning consent (07/2020/00789/FUL) for change of use from Class E (Post Office) to a mixed use as Post Office and House in Multiple Occupation (HMO) providing 5 No. bedrooms over three floors. Interested parties should consult direct with the Local Planning Authority: South Ribble Borough Council, Civic Centre, West Paddock, Leyland, PR25 1DH. Telephone: 01772 625 400. Email: [email protected]

The ground floor is let by way of a 10 year lease from 14 July 2021 at an initial rent of £10,000.08 per annum. The lease is subject to fixed annual rent increases of £300 per annum from 14 July 2023 until the fifth anniversary. The is a rent review on 13 July 2026 and a break option on 13 July 2024, subject to 12 months notice.

The first floor of the property is vacant.

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 19TH JULY AND CLOSES ON WEDNESDAY 20TH JULY.

3. The property is entered in the 2017 Rating List as "Shop and Premises" with a Rateable Value of £11,000. The Rateable Value (RV) is not the amount payable.

4. Energy Performance Certificate = C.