37 & 38 Water Lane, Preston
Partially Let Investment Opportunity
Offers in the region of £235,000
Location
The properties front Water Lane (A583),a busy vehicular route into and out of the city centre between the junctions with Fylde Road/Tulketh Brow and Strand Road approximately 1 mile to the north west of the centre of Preston and ½ mile from the main campus of the University of Central Lancashire.
Description
Comprising a pair of adjacent two-storey terraced properties which accommodate two lock-up, self-contained retail units at ground floor level together with a large residential flat on the first floor with the two properties having been interlinked at this level. The flat, 37a Water Lane, has a designated access from the front with the building also benefiting from an additional staircase providing internal access directly between the floors.
One of the shop units, 38 Water Lane, is currently let and trades as a hair salon with the other unit being vacant but having recently been subject to refurbishment. The upper floor is also presently vacant but was previously occupied as 5 no. bedsits with communal kitchen and bathroom facilities. The first floor could either be refurbished or offers the potential to be reconfigured to provide two 1 bed self-contained flats.
Externally, there is an area of enclosed land to the side which can be used for storage only and is held by way of an agreement from Network Rail. A purchaser may therefore be able to retain the benefit of this land through negotiation with Network Rail.
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Sat Nav Ref: PR2 2NL
