Lot 89
    Mixed Use
    195 Ribbleton Lane
    Preston, Lancashire, PR1 5DY
    Withdrawn Prior
     
    Number 1
    A Commercial & Residential Investment Producing £4,560 per annum (with a potential Income of £9,120 per annum).

    Description

    The property comprises a mid terrace mixed use building arranged over ground and first floors providing a ground floor lock up shop with a first floor one bedroom self-contained flat.

    Tenure

    Freehold

    Location

    The property occupies a prominent position along a primary parade of shops in Ribbleton. Other occupiers include William Hill and numerous local established traders. Transport links are provided by Preston rail station.

    Accommodation

    Ground Floor
    Office Area
    Kitchen Area
    Separate WC & wash basin

    First Floor
    Reception Room
    Bedroom
    Kitchen
    Bathroom with WC & wash basin

    Tenancy

    The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing February 2019 at a rent of £380 per calendar month.
    We understand that the seller (currently in occupation) is happy to sell with either vacant possession or to sign a lease for the commercial element at a rent of £4,560 per annum. This would increase the rent from £4,560 to £9,120 upon completion.
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    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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