Terraced house · PR1 6NS
Let agreedReduced £333 (−18.2%) on 1 OctListed 30 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TO LET – PROMINENT COMMERCIAL PREMISES St Pauls Road, Preston Available Immediately Rent: £22,000 per annum exclusive Location The property occupies a prominent position on St Pauls Road, Preston , close to Deepdale Stadium and within walking distance of Preston city centre.
St Pauls Road forms part of an established residential and commercial area, providing good visibility and accessibility for a variety of businesses.
Description The property comprises a traditional ground floor lock-up shop/commercial premises , together with a basement providing additional storage.
To the rear is an enclosed courtyard/yard area, along with an additional attached building arranged over ground and first floors .
This additional accommodation provides useful ancillary space and may be suitable for storage or other purposes, subject to any necessary consents.
The main premises comprise a rectangular-shaped retail area with: security shutters WC facilities to the rear Rear courtyard/yard Additional basement storage Further rear building over ground and first floors Rear Building could be used as a garage The premises offer a versatile commercial space and may be suitable for a range of businesses, including retail,vehicle repair/servicing premises, barbering, beauty-related businesses, clothing retail, office use, storage and other similar uses , subject to planning, licensing and any other necessary statutory requirements.
Prospective tenants should make their own enquiries to establish whether their intended use is permitted.
Accommodation The property provides the following approximate accommodation: Ground Floor Retail Zone A: TBC m² / TBC ft² Retail Zone B: TBC m² / TBC ft² Total Ground Floor: TBC m² / TBC ft² Additional Accommodation The property also benefits from basement storage and additional rear accommodation arranged over ground and first floors.
Measurements to be confirmed.
Any measurements provided are approximate and prospective tenants are advised to satisfy themselves as to the accuracy of the accommodation and dimensions prior to entering into a legal agreement.
Services Mains electricity, water and drainage are understood to be connected to the property, with gas also understood to be available.
Prospective tenants are advised to make their own enquiries with the relevant utility providers regarding the availability, capacity and condition of all services.
No warranty is given as to the condition or working order of any services or installations. Planning & Use The premises were previously occupied as a convenience store.
The property may be suitable for a variety of commercial uses, subject to the existing authorised use, planning regulations and any permissions, licences or consents that may be required for the tenants proposed use.
Prospective tenants are advised to make their own enquiries with Preston City Councils Planning Department before entering into a lease.
Preston City Council Planning Department: The agent gives no warranty that any particular use will be permitted.
Lease The premises are available by way of a new effectively full repairing and insuring lease , for a term of years to be agreed.
The lease will be subject to an upward-only rent review , with the timing and mechanism to be agreed and incorporated into the lease.
The lease will be subject to contract and the landlords standard terms and requirements.
Rent £22,000 per annum exclusive The rent is payable in advance by standing order and is exclusive of VAT, business rates, utilities, insurance and other occupational costs, where applicable.
The letting is subject to contract. Business Rates The property has a Rateable Value of £5,300 .
The actual business rates payable will depend upon the applicable multiplier and the circumstances of the occupier.
Eligible occupiers may qualify for Small Business Rate Relief or other applicable reliefs.
Prospective tenants are advised to make their own enquiries with Preston City Councils Business Rates Department regarding the current rates liability and any relief that may be available.
Rateable Value should not be confused with the rent payable for the property. VAT All rents and prices quoted are exclusive of VAT , where applicable.
VAT will be charged where legally applicable and at the prevailing rate.
Rent Deposit A rent deposit may be required , subject to the landlords requirements and the financial standing of the proposed tenant.
The amount and terms of any rent deposit will be agreed prior to completion of the lease and documented separately where appropriate.
Legal Costs Each party will be responsible for their own legal costs incurred in connection with the transaction, unless otherwise agreed. Viewings Strictly by appointment through Kingswood.
Please contact Kingswood to arrange a viewing.
Kingswood Properties - Town Office 11 Lune Street Preston PR1 2NL Telephone: Email: Website: Kingswood – Fulwood Office 77 Watling Street Road Fulwood Preston PR2 8EA Telephone: Email: Website: Disclaimer These particulars are provided for guidance purposes only and do not constitute an offer or form part of any contract.
While every reasonable effort has been made to ensure that the information contained within these particulars is accurate, prospective tenants must satisfy themselves as to the accuracy of all information provided and should not rely upon any statement as a representation or warranty of fact.
All measurements, dimensions, descriptions and areas are approximate and should be independently verified by prospective tenants.
Any reference to potential uses of the premises is for guidance only and does not constitute confirmation that any particular use is permitted.
Prospective tenants are responsible for satisfying themselves regarding planning permission, permitted use, licensing, building regulations and all other statutory requirements relevant to their proposed occupation and use.
No responsibility is accepted for any loss arising from reliance upon these particulars.
The property is offered subject to contract and availability , and the landlord reserves the right to withdraw or amend the particulars at any time without prior notice.
No person employed by Kingswood has authority to make or give any representation or warranty in respect of the property other than as may be expressly confirmed in writing by the landlord or its authorised representatives.Disclaimer: 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.
Anti-Money Laundering (AML) and Identity Verification Checks In accordance with our regulatory obligations, all applicants will be required to complete Anti-Money Laundering (AML) and Identity Verification checks.
A non-refundable fee of £45.00 plus VAT per applicant will be payable to cover the cost of these checks. We use Vorensys to carry out these verification processes.
Applicants will be contacted directly by Vorensys to provide the necessary information and documentation.
Once the checks have been successfully completed and approved, we will be notified and will proceed with the application accordingly.
Please note that the AML and Identity Verification fee is non-refundable, regardless of the outcome of the application or verification process.
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
Agent & docs
FAQ
About St. Pauls Road, Preston, Lancashire, PR1
Explore nearby