New City House, 57-63 Ringway, Preston, PR1 2QD

Occupying an excellent site on the perimeter of the City Centre, New City House comprises an 8-storey purpose built office building with on-site surface level car parking facilities. Constructed during the 1970’s, the entire building was comprehensively refurbished around 2002 / 2003 to provide good quality modern office accommodation. The accommodation incorporates carpeted floors with painted / plastered walls and anodised aluminium double glazed opening windows with blinds. Dado perimeter trunking incorporates electricity distribution / voice and data wiring, and each floor incorporates a small kitchen / break out area and comms rooms. Male / female / disabled toilets are situated on alternate floors.

Location

New City House is prominently situated overlooking Ringway (A59) immediately adjacent to the Holiday Inn Hotel, Preston’s Crown and Magistrates Courts complex, and the central bus station / car park together with other City Centre municipal facilities. Fishergate, the prime retail area along with St George’s Shopping Centre are close by. Junctions 31 / 31a and 32 of the M6 motorway are within a 10 minute drive, and enable easy access into the remainder of the North West and national motorway network.

Terms

The entire building or individual floors are available on the basis of a new 10 year effective full repairing and insuring lease with provision for a 5th year rent review / tenant only break clause. The commencing rent will be based on £36,000 per annum exclusive (£7.50 per sq ft) per floor or £270,000 per annum exclusive (£7.00 per sq ft) for the whole building. Car parking spaces will be charged for in addition at £500 per annum each. Tenant incentives are available subject to negotiation. In addition, service charge will be payable reflecting the agreement reached between the parties.