Prime freehold let to Wilko Retail Ltd for 5 years

Preston. 162-165 Friargate

Asking (STC) Seeking offers in excess of £3,300,000
Net Initial Yield 9.00%
  • Dominant retail centre in the North West with limited leakage
  • Located in prime pitch on the pedestrianised Friargate, opposite St George's shopping centre
  • Property will benefit from its proximity to city's proposed mixed use regeneration scheme
  • Future opportunity to convert upper parts, subject to planning
  • Let to Wilko Retail Limited for almost 5 years, a strong covenant and Covid resistant retailer
  • Total current income of £315,000 pa
  • Freehold