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142 - 143 Friargate (1st and 2nd floor accommodation)

142 - 143 Friargate

142 - 143 Friargate The accommodation is situated at first and second floor level above a ground floor shop. Formally used as offices. May be suitable for alternative use S.T.P.

Address

142 - 143 Friargate (1st and 2nd floor)
Preston, PR1 2EJ

Location

The building is situation in a prominent position on Friargate close to its junction with Ringway, Preston's inner ring road and are within 100 metres of St George's Shopping Centre which links Friargate  with Fishergate.

Friargate forms the main access between the main campus of the University of Central Lancashire and the City Centre.  There are a variety of commercial uses established in the area and given the ongoing expansion of the University, this location is increasing in popularity.

The entrance to the property is adjacent to The Grey Friar, a Wetherspoon's Public House. It is also conveniently situated on a popular pedestrian route for bus passengers alighting for the City Centre. 

Description

The accommodation is situated at first and second floor level above a ground floor shop.

Access to the accommodation is via a separate ground floor entrance lobby with a staircase leading to the first and second floors.  The property has the benefit of an emergency escape staircase to the rear.

The two upper floors are currently fitted out as office space with part being open plan and part being sub-divided into a number of individual offices and the accommodation has the benefit of suspended ceilings and integral air conditioning.

Area

1st and 2nd Floor

The property extend to the following approximate net internal areas:

  • Ground floor entrance lobby N/a
  • 1st Floor - 119 sq.m (1,281 sq.ft)
  • 2nd Floor - 110 sq.m (1,184 sq.ft)
  • Total - 229 sq.m (2,465 sq.ft)

Rent

Rental offers in the region of £20,000 per annum, exclusive of rates and all other outgoings are invited. Alternatively, the Council may be prepared to consider the grant of a long lease for the upper parts at a ground rent subject to the payment of a premium.

VAT

All prices are quoted exclusive of, but may be subject to, VAT at the standard rate.

Business rates

The shop has a Rateable Value of £11,250.

Business Rates payable for the property in 2020/21 is estimated to be £5,760. However, interested parties should make their own enquiries to verify the amount payable (01772 906 972).

Term

The upper floors are available to let on a new full repairing and insuring lease term to be agreed. Alternatively, a long lease may be available subject of a payment premium.

Other terms

By negotiation between the parties.

Fees and costs

Each party to be responsible for its own costs incurred in the completion of the lease.

Repairs and insurance

The tenant will be responsible for internal and external repairs and decoration and for insuring the contents and plate glass.

Planning

The property was previously used as office accommodation in connection with the use of the ground floor as a betting shop.  The accommodation would suit continued use as offices although alternative uses e.g. conversion to residential accommodation would be considered subject to planning permission and interested parties should therefore make their own enquiries.

Arrange a property viewing

By appointment only. 

To arrange a suitable appointment please contact Tim Holt on 01772 906 753.   

How to lease the property

 To lease the property complete one of the following forms:

Property documentation

Map address for Friargate

142 - 143 Friargate, Preston, PR1 2EJ.

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