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Preston site close to deal of £4.50 per sq ft

Preston site close to deal of £4.50 per sq ft

A 130,000 sq ft Lancashire warehouse is about to go under offer less than two weeks after it became available.

 

The Alpha unit at Walton Summit, near Preston, is understood to be close to a deal at the asking price of £4.50 a sq ft.

Andrew Aherne of Aherne Property, who is advising landlord Moorcot, said:“Such is the shortage of supply in Lancashire that we have four viewings immediately, and we are now talking seriously to one of those, an occupier who had been in the market for new premises for some time. They acted quickly because of the shortage of supply.”

The 24- loading door warehouse is situated in a prime location with immediate access to the M6, M61 and M65 motorways, all within a quarter of a mile. The building was originally constructed as a warehouse for the distribution of car parts.

Morgan Martin are joint agents.

 

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