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Freehold Mixed-Use Investment For Sale in Preston

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Street view

Freehold Mixed-Use Investment, 2 Stanley Street, Preston, PR1 4AT

645 Sq Ft / Retail / Mixed Use

Withdrawn - Last updated: 23 December 2025

The property is mid terrace and mixed-use commercial and residential building. The property features retail/office space on the ground floor, along with basement storage, and includes 3x one-bedroom flats and 3x two-bedroom flats which arranged across the ground, first, and second floors. The building is traditionally built with a pitched slate roof, incorporating a two-storey outrigger at the rear, also constructed in a traditional style and covered with a pitched roof. The property also has mono-pitched and corrugated roofing to the rear, as well as a mix of UPVC double-glazed and timber single-glazed window units. There are large gardens to the rear.

Location

Preston is located in the heart of Lancashire in the North West of England, with great transport links to nearby Manchester, Liverpool, and the beautiful Lake District.  The property is located prominently at the junction of Stanley Street (A59) and Dale Street, on the outskirts of Preston City Centre. It is well located being close to the national motorway network, Junction 31a of the M6, and the M55 located to the north and the M61 is located to the south east which, in turn, interlinks with the M65.

The property is also adjacent to the well established and busy Queens Shopping Park, which boasts occupiers such as Aldi Supermarket, Costa Coffee, Home Bargains and Smyths Toy Superstore. Other nearby occupiers include Anglian Direct and Stuart Frazer Kitchens. Preston Train Train Station is also within a short walk from the property. 

Accommodation

2 Stanley Road

Ground Floor Retail - 60 sq m (645 sq ft)

X3  - One bedroom flats, living room, kitchen, bathroom

X3 - Two bedroom flats, living room, kitchen, bathroom  

Terms

Tenure - Freehold - Title Number LA793693 

Guide Price - £250,000

Tenancy - Comprises ground floor retail/office unit and 6 x flats (3 x one bedroom & 3 x two bedroom). Currently let producing £25,200 per annum, exclusive.

"The Property is occupied pursuant to a lease dated 1 March 2020. The terms of the lease were subject to a dispute between the proprietor and the tenant in that one version of lease was granted for a term of 2 years and the other 25 years. The proprietor obtained a Court Order by which 1) the lease was forfeited and 2) the tenant was required to give the proprietor possession of the Property. The order for possession was not enforced by the proprietor and the tenant remained in occupation of the Property. Following the appointment of the Receivers and despite forfeiture of the lease, the receivers have collected rent from the tenant who is up to date with their payments." Please refer to legal documents.

Specification

  • On the instructions of LPA Receivers
  • Freehold property on c.0.129 acres 
  • Mixed use investment - x2 retail units and x6 flats
  • Asset management opportunities
  • Currently producing £25,200 per annum - potentially reversionary

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