Land At Tulketh Brow, Preston, Lancashire, PR2 2SH
The property is located fronting Tulketh Brow (B6241), adjacent to Wycliffe Memorial Evangelical Church and close to the junction with Water Lane (A583), approximately 1 mile from Preston City Centre.
An irregular shaped parcel of land extending to approximately 0.10 Hectares (0.25 Acres). There is an advertising hoarding let to Primesight to the front of the property which currently produces £725 per annum. In addition, there is an electricity substation let to Electricity North West at a rent of £75 plus VAT per annum. The site may be suitable for development, subject to obtaining the necessary consents.
Approximately 0.10 Hectares (0.25 Acres).
Interested parties should consult direct with the Local Planning Authority: Preston City Council, Town Hall, Lancaster Road, Preston PR1 2RL. Telephone: 01772 906 912. Email: [email protected]
There is an advertising hoarding let to Primesight by way of a personal licence from Canal & River Trust at a rent of £725 per annum. As this licence is personal between the parties the new owner may need to negotiate a new licence upon completion. The substation is let to Electricity North West at a current rent of £75 per annum. The tenant is currently holding over and terms have been proposed for a new 21 year lease with rent reviews after 7 and 14 years at a rent of £162 per annum.
VAT will be charged at the prevailing rate, in addition to the sale price.
We are advised that there is Japanese Knotweed present on part of the site and that a course of treatment has been undertaken but no documentation can be provided.
The seller has received a Section 26 notice from Electricity North West requesting a new lease.
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