15 Fox Street, Preston

We are pleased to bring to the rental market, this ready to trade fully licensed bar premises which is a stones throw from the major high street in Preston City Centre.

Internally the main ground floor space occupies 1, 000 square feet with a bar installed and full fixtures and fittings included, within the ground floor there is a spacious cellar, which can be used for internal stores and or kegs stores and beer lines.

The first floor comprises a 3-bed residential property, which is included within our rental/premium prices. The accommodation would benefit from an owner occupier to take over this premises.

All current equipment is provided for the tenant’s use and this valuable lease and business opportunity is available for a one off purchase of just £15,000.

Location
The property is located fronting Fox Street within Preston City Centre, adjacent to Fishergate, Preston's main shopping street.

Nearby national occupiers include major retailers such as Marks & Spencer, JD Sports, Caffe Nero and Greggs. There are multiple banks, bars and restaurants within close proximity of the premises.

Excellent transport links are available within the city with multiple bus routes along Fishergate and only 0.5 miles from the major railway station.

Rental
£25,000 per annum plus VAT.

Premium
A one off premium fee of just £15,000 is required to secure the new lease, business opportunity and use of all fixtures and fittings.

Rateable Value
Rateable Value 26/27: £12,500.
Rates Payable For Current Small Business's: £4,775. Qualifying small business will be able to apply for rates relief, we advise interested parties to undertake their own due diligence and seek advise from the local authority.
Rates Payable For Non Qualifying business's: £4,775.

VAT
We are advised that VAT is applicable to the above rental and premium prices.

Lease Term
Available by way of a New Tenants Full Repairing and Insuring Basis for a minimum 5 year term including periodic upward only rent reviews at 3 yearly intervals.

Available Area