For Sale by Auction on 16th 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
Flat 1 - 1 bedroom, living room, kitchen, bathroom
Flat 2 - 2 bedroom, living room, kitchen, bathroom
Flat 3 - 2 bedroom, living room, kitchen, bathroom
3 Stanley Road
Ground Floor Retail - 60 sq m (645 sq ft)
3A Stanley Road
Flat 1 - 1 bedroom, living room, kitchen, bathroom
Flat 2 - 1 bedroom, living room, kitchen, bathroom
Flat 3 - 2 bedroom, living room, kitchen, bathroom
Terms
Tenure - Freehold - Title Number LA793693
Guide Price - £250,000
Tenancy - Comprises round floor retail/office unit and 6 x flats (3 x one bedroom & 3 x two bedroom). Currently let on a lease on a 25 year term from 01/03/2020 with 4 yearly rent reviews, producing £25,200 per annum, exclusive. The flats have been sub-let on AST's. 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 - reversionary