Station Road Hesketh Bank, Preston £375,000

Located right in the centre of Hesketh Bank village, this spacious ground floor commercial premises spans a generous floor area of around 2,000 sq ft and offers investors the rare opportunity to acquire a newly modernised shop with a long-term tenant already in situ. The current tenants (The Carpet Store,) have a 10 year tenancy agreement in place from 1st February 2022. The lease has NO break clauses and is PG. Rent increases throughout the lease and the current rent is £30,000 p/a (paid quarterly in advance, rising to £35,000 pa.)

The asking price of £375,000 represents a 9% yield, making it an excellent investor purchase. Current rent is £30,000 pa, rising to £32,500 pa 2026 - 2029 and then to £35,000 pa 2029 - 2032, totalling over the remaining 7 years £232,500 in rental income. Additional information regarding the lease is available upon request and proof of funds. Viewings are by appointment only via Smart Move.

The unit is accessed through a glazed door to the front of the building, with further large glass windows also looking to the front. Inside, the majority of the premises is open plan with the main shop front being around 53ft in length by 25ft wide, with an additional large store room to the rear with a roller shutter door to the rear for easy access and deliveries. Also inside there is a customer toiler, staff wash room / toilet and kitchen, all of which have been newly fitted. The car park to the rear is accessed off Mill Lane, with this property owning two spaces for staff parking and also access for deliveries.

Tarleton / Hesketh Bank is a large agricultural village in Lancashire. It lies to the north-east of the town of Southport on the Irish Sea estuary of the River Ribble. Within the village are local schools, bus stops, independent shops as well as larger chain stores, such as Booths, Dominos, Costa Coffee and Aldi, making the village(s) close-knit and semi rural, yet with all creature comforts and necessities just a short distance away. The village is also geographically situated between Southport, Preston, Ormskirk and Liverpool, making commuting to such cities / towns almost equal distance.