PRESTON - Investment Property Sought After Location High Rental Yield App

Blacks are delighted to present a highly desirable investment property comprising of 3 retail shops, a day nursery with additional development opportunities on the adjoining plot of land which understood to have had previous detailed planning permission for a 3 bed detached residential property with garage. There is also scope to develop a small office space for rent at the rear of the main property.

This investment opportunity is located in the sought after area of Hoghton, near Preston, and is a part of a small retail area in a largely residential setting.

The level of annual rental generated has remained unchanged for the last 3 years and the present 4 tenants produce a combined income for the present owner of over £26,000 pa. One of the tenants has been present for some 20 years and the remaining 3 tenants each have leases with at least 6 years remaining.

The ground floor is currently occupied by a petshop, bakery and a takeaway with the first floor spanning the full width of the building and has been a day nursery for 20 years.

As mentioned above, there are further income generating opportunities with this proposition as there is a plot of land which is understood to have had detailed planning permission by the current owner to build a 3 bedroom detached residential property with garage.

Due to the attractive rental income and huge potential development opportunities with is proposition, and the sought after location, this is a very attractive opportunity and your earliest attention is recommended.