Cannon Street, Preston, PR1

This expansive plot located in the vibrant heart of Preston city centre offers a remarkable opportunity for investors. With the potential for planning permission to develop 11 apartments, this site presents a unique investment prospect, particularly with its strategic location on Cannon Street. This area is experiencing significant revitalization, making it an ideal setting for residential development. The property includes a street-front commercial unit that requires complete refurbishment, alongside first-floor accommodations. This layout allows for creative redevelopment options that can capitalize on the area's increasing appeal. Cannon Street benefits from a diverse mix of cafes, restaurants, and retail establishments, enhancing its attractiveness as a residential hub. Situated just off Fishergate and within close proximity to all the amenities Preston city centre has to offer, including the picturesque Winckley Square and Avenham Park, this location is well-suited for urban living. The nearby Preston train station further enhances accessibility, appealing to both current residents and future tenants alike. Given the ongoing transformation of the surrounding area and the potential returns from developing this plot, interest from investors is anticipated to be high. This property represents not just a purchase but an entry into a growing market poised for development and increased value. For those looking to explore this opportunity further, arranging a viewing would be beneficial before it is no longer available.