Summary - 30-31, FISHERGATE PR1 3NN
1 bed 1 bath Retail Property (high street)
High-profile, income-producing retail with conversion upside for investors.
Prime pedestrianised Fishergate location with strong footfall
A prominent, multi-unit retail building on Fishergate in Preston’s prime pedestrianised pitch, currently delivering strong headline income from a national occupier. The property includes 30-31 arranged over basement, ground and two upper floors (occupied by Next) and 25-27 occupied by Emmaus (internally linked units). Large ground-floor display windows, high ceilings and a striking period façade provide excellent street presence and strong merchandising potential.
For an investor this offers immediate income (Next producing approximately £350,000 pa) and clear short-term asset-management opportunities: re-letting vacant floors, adjusting layouts, or enhancing façades and shopfronts to drive rental growth. The upper parts present potential to add accommodation or alternative uses, subject to consents, which could materially increase value and income streams.
Notable risks are factual and should be investigated before offer. The building sits in an area classified as deprived with very high crime rates, factors that can influence footfall, insurance costs and tenant mix. Tenure is recorded as unknown and should be confirmed, and some parts are only partially occupied — there may be voids or short leases to manage. No flood risk is recorded, and the plot size is very large, which supports redevelopment scope.
This is a value-add, central-city investment requiring active management and due diligence on leases, tenure, and any refurbishment or change-of-use consents. It suits investors seeking a high-profile retail asset with upside from reconfiguration, superior letting, or conversion of upper floors.
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