Summary - 61 LAUDERDALE STREET PRESTON PR1 8JL
1 bed 1 bath Shop
Income-producing shop with two rented flats — immediate returns for active investors.
- Freehold mixed-use property with commercial and residential units
- Established convenience business trading over 40 years
- All shop equipment and stock included for easy handover
- Two self-contained flats above, both with long-term tenants
- Total internal area about 1,738 sq ft (substantial overall footprint)
- Narrow terraced plot with limited external/private space
- Medium flood risk; factor insurance and mitigation costs
- Very high local crime rate and very deprived area statistics
A rare freehold investment on a busy Preston high street, this mixed-use mid-terrace combines an established convenience business with two self-contained flats above. The ground-floor shop has traded successfully for over 40 years, trading name, equipment and stock included—allowing immediate income continuation or hands-on management. The overall property footprint totals approximately 1,738 sq ft, offering substantial internal space for a town-centre terrace.
The retail unit is set up for convenience retailing with gondola shelving, chilled cabinets and back-of-house storage, making it suitable for a buyer who wants an operational business from day one. Above are two long-term tenants, providing an existing rental income stream and stability for investors. Being freehold, the property gives control over both commercial and residential elements without lease restrictions.
Buyers should note the location characteristics plainly: the property sits in a very deprived ward with very high recorded crime and a medium flood risk. External space is limited and the building has a narrow, typical terraced footprint; pedestrian frontage is immediate but there is no private garden. These factors affect insurance, management and tenant demand and should be factored into purchase plans.
This asset suits investors seeking immediate income and potential upside from active asset management, or an owner-occupier wishing to run the business while benefiting from rental cover upstairs. The combination of long trading history, included fixtures and sizeable internal area makes the property a pragmatic, income-first acquisition, though buyers should carry out full enquiries on insurance, flood mitigation and local market conditions.
Shop for sale in Lauderdale Street, Preston, PR1 — £350,000 • 1 bed • 1 bath • 1086 ft²
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Shop for sale in Selborne Street, Preston, PR1 — £137,000 • 1 bed • 1 bath
2 bedroom terraced house for sale in New Hall Lane, Preston, PR1 — £150,000 • 2 bed • 2 bath • 947 ft²
Shop for sale in Smacks Hamburgers, New Hall Lane, Preston, PR1 — £85,000 • 1 bed • 1 bath • 579 ft²
