Land and Buildings at, 6-16 Marsh Lane, Preston, Lancashire, PR1 2XH

ON BEHALF OF THE FIXED CHARGED RECEIVERS: DEVELOPMENT SITE SUITED FOR A RANGE OF USES (FORMERLY HAD PP FOR 63 BED HOTEL) SUBJECT TO PLANNING


Description
The property comprises a development site located within Preston City Centre. It is irregular in shape and extends to circa 0.09 acre. We understand that a section of the site was formerly a small garage, albeit this has now been demolished and this section of the site is cleared and fenced off with metal palisade fencing to the rear and side. Adjacent to this, and also within the site boundary is a two storey building of brick construction. This is in a dilapidated condition and we consider it may require demolition. We were unable to access the building due to its poor condition

PLANNING
The property is considered to have development potential subject to obtaining the necessary consents. Most recently consent was granted as detailed below and we understand it has lapsed:

06/2019/0253 - 6 Marsh Lane, Preston, PR1 2XH. Nine storey 63no. bedroom hotel (Class C1) with ancillary ground floor
restaurant/bar, following demolition of existing buildings. Decision - Approval with conditions 20/08/2019.

Interested Parties should obtain their own independent advice and consult direct with the Local Planning Office:
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Location
The property is located on Marsh Lane, in Preston City Centre, which is located just off Friargate, which is one of Preston's main areas for nightlife, with a range of local bars, take-aways and other local businesses. In addition, The University of Central Lancashire's main campus is located within close proximity. The surrounding area has been re-developed in recent years, with many of the surrounding uses now comprising student halls of residents. Adjacent to the site and to the rear, is a large development comprising circa 300 student bedrooms and located opposite is a further, older halls of residents and a car park.


Tenure
Freehold