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Retail, Lancashire

North West

£90,000
Listed on 16/06/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property has been under the same family ownership for over a century and is now available due to retirement. Located in a prime area of Preston City Centre, it benefits from high visibility and proximity to the newly developed 'Animate' leisure complex, which is expected to increase foot traffic significantly. The establishment operates as a fruiterers and greengrocers, with a strong weekly turnover of £9,000. Alongside the retail component, the business also engages in wholesale distribution to local businesses and schools, home deliveries, and an online service selling fruit hampers through platforms like eBay and Amazon Marketplace. The online segment, currently underutilized, presents a noteworthy opportunity for growth, making this an attractive prospect for new owners looking to expand. The property itself is substantial, offering various features conducive to further development. The ground floor comprises a retail space equipped with refrigerated displays alongside a cash-out facility, along with storage areas and a walk-in cold room at the rear. The first floor includes ample storage and preparation areas where hampers are packaged for delivery, as well as kitchen facilities and staff amenities. An additional storage area and office are located on the second floor. There is potential for further enhancement by creating separate access points to the upper floors, allowing for innovative use of space while maintaining the commercial aspect on the ground level—subject to necessary consents. With a reasonable lease arrangement available—since the current owners also hold freehold rights—this property holds both immediate value as an operating business and significant investment potential for those willing to explore its full capabilities. Internal inspection is strongly advised to fully appreciate its offerings.

Investment Analysis

(PR1 area)
Area Average
£191/sq ft
Avg Rent (weekly)
£209
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (PR1)

Area prices are falling by +5.8% over the last 12 months
3 year growth: 5.0%
5 year growth: 16.7%
Investment Disclaimer: Analysis based on PR1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Retail, Lancashire
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£330
Based on a loan of £67,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE