Derby House, Winckley Square, Preston, Lancashire, PR1
£115.06 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
14,775 sq ft
1,373 sq m
- SECTOR
Office for sale
- USE CLASSUse class orders: B1 Business and Class E
B1, E
Key features
- FOR SALE - Prime office location on Winckley Square, Preston
- 14,775 sq. ft. Multi Let Office Investment
- £1,700,000 (£115 psf)
- Currently producing net rent of £158,364 pa
- Fully Let
- Net initial yield of 8.9% (assuming purchaser's costs of 4.93%)
- 11 High quality individual business centre suites
- Parking for up to 32 cars
- Full tenancy schedule is available on request
Description
Derby House is located on the east side of Winckley Square, which is traditionally referred to as the prime office location within Preston City Centre. The Winckley Square perimeter is renowned for professional organisations, banks and financial institutions such as Napthens Solicitors, Farleys Solicitors and Harrison Drury .
Prestons main retail high street (Fishergate) is less than 100m from the property and is home to various national brands such as Marks & Spencers, H&M, W H Smiths, Mowgli and many others.
Preston train station is approximately 500m from the property with direct links into local conurbations along with London and Manchester. Junction 31 of the M6 motorway is 2.8 miles from the property.
Description
The prestigious and ideally located Derby House fronts the eastern corner of Winckley Square, Preston's prime office location. The property has been refurbished by the current owners to a high standard throughout without 11 individual office suites within the property.
The property is arranged over 4 floors and benefits from 32 car parking spaces available on site. The tenants all occupy on effective full repairing and insuring terms.
Access to the building is through the shared entrance with passenger lift to the all floors.
The office suites range from 359 sq. ft up to 2,834 sq. ft. A full tenancy schedule is available on request.
Accommodation
We have measured the building on a net internal area basis to be 14,775 sq. ft.
Price
£1,700,000
Tenure
Freehold
Service Charge
The service charge payable by tenants equates to £5.50 psf. This is inclusive of the cost of utilities and subject to annual review and reconciliation. Further details available on request.
Rating
All suites individually assessed, details available on request.
Legal Costs
Each party to be responsible for their own legal costs.
Services
All mains services are connected to the premises. The utility costs for each suites are within the service charge provision
Money Laundering Regulations
Please note we are now required to carry out customer due diligence on all purchasers once an offer is accepted, whereby we are required to obtain proof of identity and proof of address of the prospective purchaser
Viewing
Strictly through agents
Taylor Weaver Ltd
(James Taylor)
Brochures
Derby House, Winckley Square, Preston, Lancashire, PR1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Preston Station0.2 miles
- Lostock Hall Station2.3 miles
- Bamber Bridge Station2.6 miles
Notes
Disclaimer - Property reference JT101sale. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Taylor Weaver Limited, England. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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