Commercial Mixed Use Investment Opportunity With Two Upper Floors

The property briefly comprises a mid-terraced two-storey building. The ground floor consists of a retail unit, which is currently unoccupied. The upper floors of the building are also vacant and are suitable for residential purposes. A rear garden is also included. The premises requires a full refurbishment throughout. On the first floor, there is a lounge area and a kitchen, providing living and dining spaces for potential residents. The second floor of the property features three bedrooms and a bathroom, offering ample accommodation. Additionally, the premises includes a self-contained lower ground floor, which is currently being used as a hairdresser's salon. This lower ground floor is leased out and generates a rental income of £400 per month / £4,800 per annum. Location The property is situated in a prominent position on Cannon Street, on the edge of Preston City Centre less than ½ mile from Preston Railway Station. Tenure: Freehold Title number: LA623765 Council Tax Band : A Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/ ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation ohairf the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

Freehold

Energy Efficiency Rating (EPC)

Current Rating tbc

Local Authority

Preston City Council

Additional Fees

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.