Fleet Street, Preston
Guide Price £370,000 (Tenant Fees)
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Front External
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Front External
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Second Floor Lounge/Kitchen
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First Floor Lounge/Kitchen
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First Floor Lounge/Kitchen
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First Floor Bedroom
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First Floor Bedroom
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First Floor Ensuite
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Landing
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First Floor Lounge/Kitchen
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Second Floor Lounge/Kitchen
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Second Floor Lounge/Kitchen
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Second Floor Bedroom
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Second Floor Bedroom
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Second Floor Ensuite
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Third Floor Landing
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Third Floor Studio
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Third Floor Studio
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Third Floor Studio
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Third Floor Studio
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Third Floor Bathroom
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Third Floor Bathroom
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Ground Floor Staircase
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Ground Floor Room
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Front External
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Retail Unit
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Retail Unit
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Basement
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Basement
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Basement - WC
- Investment Opportunity
- Three Apartments
- Commercial Unit
- Newly Refurbished
- Being Sold By Method Of Auction
- Must Be Viewed
- EPC Rating C
- Approx. 2110 SQ.FT
Ben Rose Estate Agents are pleased to present to auction this fantastic opportunity to acquire a multi-income investment property in the heart of Preston city centre. This newly refurbished mixed-use building comprises a ground floor commercial unit, two self-contained apartments, and an additional studio apartment. Ideally positioned, the property offers strong rental yield potential, making it an attractive and low-maintenance addition to any investment portfolio.
The ground floor commercial unit features a spacious retail area, with stairs leading down to a generous basement level, which includes a WC. This basement is ideal for use as a staff area and storage, supporting efficient day-to-day operations.
Adjacent at street level is the communal entrance to the residential accommodation. The first and second floor apartments offer matching layouts, each comprising a generously sized open-plan lounge/kitchen, a double bedroom, and an ensuite shower room. The newly installed kitchens are fitted with an integrated oven and hob, along with additional space for freestanding appliances.
On the third floor, there is a well-proportioned studio apartment, featuring an open-plan living space incorporating the lounge, bedroom, and kitchen, along with a contemporary three-piece bathroom with an over-the-bath shower.
The property is held under a single title deed, with individual flat numbers assigned by the local council.
Early viewing is highly recommended to appreciate the property’s prime position and quality, and to avoid missing out on this excellent investment opportunity.
Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Click image to enlarge:
- Investment Opportunity
- Three Apartments
- Commercial Unit
- Newly Refurbished
- Being Sold By Method Of Auction
- Must Be Viewed
- EPC Rating C
- Approx. 2110 SQ.FT
