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158-159 Friargate
Preston
PR1 2EJ

0 ft²

DESCRIPTION

The business has been in occupation since 2017. Although, there is a New 10 year FRI lease from July 2019 with the tenant paying £75,000 per annum exclusive of all other outgoings, with no breaks. If this is of interest I can forward over a copy of the lease.
Tenant has been in occupation for the past 2 years Tenant spent £250k plus for fit out (new sound, lighting, screens etc) The business is part of a group that own and run the biggest nightclub and bars in Preston and surrounding areas (switch).

It is located on the main stretch from university into town centre. Preston is undergoing huge regeneration. University of central Lancashire are in the middle of a £200m masterplan development. It has links to the university and hosts the sports nights there. Just behind the bar, the council have just demolished the indoor market to make way for a new cinema and restaurant complex.

In front of the bar, St George's shopping centre have about 5/6 empty units which they have got planning for exterior works and have are supposed to have secured The Botanist and Mowgli Street Food.
Photo ofJohn J Fletcher MRICS

CONTACT

John J Fletcher MRICS

Managing Director
Director and Professional Services Surveyor

01204 917771