Lot
046
Auction: December 2023 Online Auction 06/12/2023 - Bidding opens Tuesday 5th December 10:00 AM

87 Fishergate, Preston, Lancashire, PR1 2NJ

Property Details
Location
Description
A town centre retail investment comprising a three storey (plus basement) mid terrace building extending to approximately 176 Sq M (1894 Sq Ft) (source EPC). The ground, first and second floors of the building are let to Hays Travel Limited on a 10 year lease dated 27th September 2023 at £33,750 per annum (3 months rent free then 12 months at half rent).
Location
The property fronts onto Fishergate in the heart of Preston Town Centre and its main retail offering. Nearby national occupiers include Primark, HSBC, Holland & Barrett and various restaurants including Subway, KFC & McDonalds.
Accommodation
Pugh & Co have not inspected the property internally 
Tenancy
The ground, first and second floors are let to Hays Travel Ltd on a lease dated 27th September 2023 at £33,750 per annum with upward only rent reviews on the 5th anniversary. There is a tenant break option on the 5th anniversary. An initial 9 months rent free was taken as 3 months initial rent free then 12 months at half price rent. 
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
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 5TH DECEMBER AND CLOSES ON WEDNESDAY 6TH DECEMBER.
Addendum
The property extends to approximately 176 Sq M (1894 Sq Ft) (source EPC dated 2020)

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