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Alliance House 32-44 Ormskirk Rd

12,567 SF 91% Leased Flex Building Preston PR1 2QP $1,667,279 CAD ($133 CAD/SF) 2.75% Cap Rate

Investment Highlights

  • FOR SALE - City Centre Mixed Use Investment & Development Opportunity
  • Producing £25,500 per annum
  • Total size 12,567 sq. ft.

Executive Summary

The ground floor is arranged as 5 separate retail / office units, 4 of these are vacant. They have all been refurbished to a high standard with air conditioning, LED lighting and separate utilities.
Previously 4 of the units have been occupied by an educational user however they would suit a large number of different businesses.
The barber shop (42 Ormskirk Rd) occupiers the only ground floor retail unit currently let. This has been fitted to a very high standard and is self contained with separate services.
The office space on the first and second floors has been finished with suspended ceilings, carpet tiled floors, CAT 5 cabling throughout, separate WC and toilet facilities on all floors.
The first floor is currently tenanted with the second floor vacant. The first floor is mainly open plan with a couple of smaller meeting rooms serving the main office accommodation.
The second floor is vacant and has been split into smaller suites by the previous occupiers. These partitions are none structural and could be easily removed.
The warehouse accommodation is separately accessed off Tithebarn Street via the loading bay through a large concertina sliding door. This part of the building is arranged over 4 floor of equal size. The whole area is currently vacant.

Property Facts

Price $1,667,279 CAD
Price Per SF $133 CAD
Sale Type Investment
Cap Rate 2.75%
Tenure Freehold
Property Type Flex
Building Class B
Lot Size 0.21 AC
Rentable Building Area 12,567 SF
No. Stories 3
Year Built 1958

Amenities

  • 24 Hour Access
  • Security System
  • Signage
  • Automatic Blinds
  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Ground-Ste 34-34A
  • 1,081 SF
  • Retail
  • Partial Build-Out
  • Now

The property comprises four self contained retail units which have been refurbished to a high standard throughout. There is the potential for these retail units to be combined subject to required. Further details available on request. Plans available on request to illustrate the layout of the premises. Available by way of an effective full repairing and insuring lease for a minimum term of 3 years.

Space Size Space Use Condition Available
Ground-Ste 34-34A 1,081 SF Retail Partial Build-Out Now

Ground-Ste 34-34A

Size
1,081 SF
Space Use
Retail
Condition
Partial Build-Out
Available
Now

Ground-Ste 34-34A

Size 1,081 SF
Space Use Retail
Condition Partial Build-Out
Available Now

The property comprises four self contained retail units which have been refurbished to a high standard throughout. There is the potential for these retail units to be combined subject to required. Further details available on request. Plans available on request to illustrate the layout of the premises. Available by way of an effective full repairing and insuring lease for a minimum term of 3 years.

  • Listing ID: 27087287

  • Date on Market: 2022-11-10

  • Last Updated:

  • Address: 32-44 Ormskirk Rd, Preston PR1 2QP

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