1-bedroom house · PR2 2HN
Listing removedReduced £100 (−13.3%) on 21 JunListed 237 days · slow let
Opportunity summary
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About
Prime Ground Floor Commercial Unit – Inkerman Street, Preston Available Now | Prominent Corner Position | High Footfall | Parking | Flexible Use (STPP) A fantastic opportunity to lease a well-positioned ground floor commercial unit located on the prominent corner of Inkerman Street and Blackpool Road.
Situated within a busy mixed residential and commercial area, this property benefits from strong passing traffic and excellent daily footfall, making it ideal for a variety of business uses (subject to planning permission).
This versatile space would suit a vape shop, barber shop, beauty salon, office, or other retail/service-based businesses seeking a visible and accessible location.
Location The premises occupy a highly prominent corner position within an established commercial parade in Preston.
Surrounded by long-standing local businesses and residential properties, the area provides a steady customer base and excellent exposure.
The property benefits from: - Close proximity to local amenities - Excellent motorway links - Good public transport connections - On-street parking directly outside Description The accommodation is arranged over the ground floor only and briefly comprises: - Large rectangular main office/retail space (approx.
8m x 4m / 32 sqm / 340 sq ft) - Double-glazed frontage allowing ample natural light - Secure gated front entrance - Rear access to yard - WC facilities - Parking available directly outside The unit is ready to be refurbished, allowing incoming tenants to tailor the space to their specific business requirements.
Accommodation Ground Floor Net Internal Area: - Main Office / Retail Area: 32 sqm (340 sq ft) - Separate WC (All measurements are approximate.) Services We understand that electricity and water supplies are connected, with drainage to the main sewer.
Interested parties are advised to satisfy themselves as to the condition and capacity of all services.
Planning The premises are considered suitable for a variety of uses, subject to obtaining the necessary planning consent.
Prospective tenants should make their own enquiries with Preston City Council Planning Department.
EPC An EPC will be made available in due course Lease Terms The property is available by way of a new Full Repairing and Insuring (Fri) lease, for a term of years to be agreed.
The lease will be subject to upward-only rent reviews. Rent Offers in the region of £9,000 per annum (£750 per calendar month).
Exclusive of VAT (if applicable), business rates, and all other outgoings. Rent payable quarterly in advance by standing order. Subject to contract.
Business Rates Rates payable for 2025/2026: 55.5p in the £. The property may qualify for 100% small business rates relief, subject to tenant circumstances.
The Valuation Office Agency currently describes the premises as Offices and Premises (Rateable Value: Tbc).
All interested parties should make their own enquiries with Preston City Council-s Rating Department. VAT All rents and prices quoted are, or may be, subject to VAT at the prevailing rate.
Legal Costs Each party will be responsible for their own legal costs incurred in the transaction.
Viewing Highly Recommended This is an excellent opportunity to establish your business in a thriving, highly visible location with strong local trade and excellent connectivity.
Early viewing is strongly advised. These particulars, whilst believed to be correct, do not form any part of an offer or contract.
Intending purchasers should not rely on them as statements or representation of fact.
No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 137 Inkerman Street,, Inkerman Street, Preston
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