Lot
026
Auction: April 2024 Online Auction 24/04/2024 - Bidding opens Tuesday 23rd April 10:00 AM

Land At Maudland Bank, Preston, Lancashire, PR1 2YL

Property Details
Location
Auction Details
Description
The site of a former working men's club situated on a site extending to approximately 0.3 acres (0.12 hectares). The site previously held outline planning consent for the demolition of the existing building and erection of 4 storey building, with basement floor, providing 142 units of student accommodation. The planning was granted in 23/09/2018 and has since lapsed. The site is currently operating as a car park and sold subject to a service agreement with a parking operator: the agreement has provisions for termination for a buyer to secure vacant possession and generates income for the vendor via a revenue split.
Location
The property is situated on Maudland Bank within Preston city centre. The subject property can be accessed off the A59, via Leighton Street to the south, and off the A583 to the north, via Pedder Street. The subject is situated within a prime location within the city centre. The area immediately surrounding the subject site is mixed-use in nature, comprising a variety of residential dwellings and commercial premises. Most notably, UCLan is situated immediately to the east of the subject site.
Approx Site Area
0.3 acres (0.12 hectares).
Tenure
We understand the property is held on a long leasehold basis of 150 years from 202, subject to an initial ground rent payable of £5,000 per annum for a period of 30 months from October 2020 and thereafter £28,400 per annum.
Planning
Interested parties are directed to Preston City Council for any planning enquiries: https://www.preston.gov.uk/Planning. Details of the formerly held planning permission can be found using the reference number 23/09/2018.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD APRIL AND CLOSES ON WEDNESDAY 24TH APRIL.

3. This property is sold with a 2 month completion period.

4. The pre-authorisation bidding deposit for this lot will be £20,000.

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