Sold
182 Marsh Lane, Preston, Lancashire
North West
dba211
Mixed Use£2,800,000
Tenure: Freehold
Tenancy: Single Let
Investment summary
• Net Initial Yield of 6.75%.
• Freehold.
• Total area of 3,959 sq m (42,610 sq ft).
• Passing rent reflects £50.52 per sq m (£4.69 per sq ft) overall.
• Site area of 0.34 hectares (0.82 acres).
• Low capital value of £707 per sq m (£65.71 per sq ft).
• Secured to Lancashire County Council for a further 20 years with 5 year rolling breaks.
• Development potential subject to the necessary consents.
• Approximately 15 car parking spaces.
• Prominent city centre location in close proximity to the mainline railway station.
• Substantial capital allowances available.