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60 Plungington Rd 457 SF Retail Building Preston PR1 7RA $300,034 ($656.53/SF)
Investment Highlights
- Prime Location: Situated on popular Plungington Road, near the University and Preston city centre.
- Renovated Commercial Unit: Currently trading as Mom’s Kitchen Sandwich Bar, fitted to a high standard.
- Separate Residential Access: Flat accessed via its own front door and internal staircase.
- Existing Rental Income: Flat is tenanted on a rolling contract at £650/month.
- Potential Rental Yield 8.29%
- Mixed-Use Property: Includes a ground floor commercial unit and a two-bedroom residential flat above.
- Commercial Layout: Includes shop front, service counter, kitchen, storage rooms, W/C, and rear access.
- Refurbishment Opportunity: Flat requires modernisation, offering potential to add value.
- Commercial unit rental potential income £700-£800 a month
- High-Demand Area: Excellent transport links and amenities make it ideal for investors
Executive Summary
Mixed-use investment opportunity for sale for £220,000. Ground floor commercial unit is fully tenanted, providing an income of £9,600 pa.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
457 SF
Building Class
C
Year Built
1950
Price
$300,034
Price Per SF
$656.53
Tenancy
Single
Building Height
2 Stories
Amenities
- Bus Line
- Security System
- Storage Space
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60 Plungington Rd
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