High Street Retail Property to Rent, 86-88, Lancaster Road, PR1 2DY - CBRE Commercial

Overview

Leasehold Available

The property is arranged over ground and first floor. The ground floor comprises a banking hall, interview rooms and office space. The first floor provides ancillary storage space, a kitchen and a WC. Tenure The property is held on an existing FRI lease due to expire 17/03/2026 with a break option on 17/03/2021. Offers accepted on the basis of assignment or sub-lease at the passing rent of £31,000 per annum exclusive. Service Charge Available on request Rates We understand from the VOA website that the current Rateable Value of the shop is £36,500 and the rates payable are £17,921.50 pa. The UBR for 2019/2020 is 49.1p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
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Location Description

The subject property is situated in prominent location close to the west entrance to St. Johns Shopping Centre. The scheme is anchored by B&M Bargains and other retailers within the scheme include Heron and Card Factory. The property is directly opposite the proposed new Cinema and Restaurant scheme on the former Market Hall site, which is expected to drive substantial footfall to the immediate area.

Sizes and Measurements

Total Size

3,442sqft

Sales Area

1,826sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,826sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

1,616sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

17/03/2026

Lease type

Assignment

For rent

£31,000/pa

UBR

49.1p

Rateable Value

£36,500.00

Business Rates

£17,921.50/pa

Floorplan

PRESTON

Photos

PRESTON