16 - 18 Orchard Street, Preston, Lancashire
Property Type: Retail
Tenure: For Sale
Space: 4,752 Sq Ft (441.46 Sq M)
For Sale: £1,100,000 for the Freehold
Located in Preston city centre
Prominent position on Orchard Street
Passing Rent: £106,000 per annum
Price: £1,100,000 subject to contract
Net Initial Yield: 9.10% after allowing for usual purchaser's costs.
The subject provides a terrace of three, self-contained, retail units which starts at the junction of Market Street and Orchard Street. The properties are of brick construction beneath a mix of pitched and flat roofs in part.
Each property benefits from ancillary accommodation in the upper floors. Please note no access is available to the upper floors of 16 Orchard Street as the former tenant has removed the staircase under a Licence to Alterations.