Preston is situated on the River Ribble in Lancashire. It was granted city status in 2002 becoming the UKs 50th city. It is a centre of the aerospace industry, with BAE Systems having its HQ in the area. The financial sector also has a strong presence in Preston while retail also makes a significant contribution to the local economy.
Retail Property in Preston
Preston offers an eclectic shopping experience. It has two city centre developments, Fishergate and St George's shopping centres, featuring all the familiar high street names. For something a little different, the side streets off Fishergate are home to a host of independent boutiques, gift shops, jewellers and salons. Attractions in and around Preston include the Harris Museum, the Ribble Steam Railway and the Beacon Fell Country Park.
Office Property in Preston
High quality modern office space is available on the business parks around Preston. At West Strand Office Park new space can be had for a headline rent of £13.50psf. At established office parks such as Lockside and Fairways high quality space has a headline rent of around £13psf.
Industrial Property in Preston
There are many specialist suppliers in the Preston area who comprise the supply chain for the aerospace industry. There is an abundant supply of second hand stock at prices around £4psf.
You may want to consider some of the following points as you carry out your search for commercial property in Preston. If you require finance to fund a commercial property purchase it is often best to seek some advice from a commercial mortgage broker to ensure that you are likely to be able to secure a loan for the portion of the offer amount, as banks are being very careful over how much they lend, and who they lend to. There are of course other factors which you should consider before making an offer on a commercial property, the trick is to do your research thoroughly before entering into any agreement.