An opportunity to re-develop The Grade II Listed Former Post Office Building, in Preston City Centre. Former Post Office, Preston, Lancashire PR1 1AH

An opportunity to re-develop The Grade II Listed Former Post Office Building, in Preston City Centre. Former Post Office, Preston, Lancashire PR1 1AH

Executive Summary It is rare that building of such architectural and cultural significance as the Grade II Listed Former Post Office, Preston becomes available for adaptation and reuse. Preston is identified nationally as a city with significant prospects for growth and investment. Preston City Council and Lancashire County Council have ambitious plans for the immediate surrounding area of the Former Post Office Building, including, improvements to Preston Markets as-well-as substantial investment to the Bus Station. The former Post Office adjoins the Markets Quarter area of the City Centre. The Councils are promoting major investment in the Markets Quarter to transform the indoor and outdoor markets, refurbish the historic markets canopies and are working with a developer to bring in a new cinema and restaurants. To the rear of the Former Post Office is the Grade II Listed Former Fish Market canopy which fronts Earl Street. The Council is working proactively with market traders on the proposed market development to help refine the final plans. The Council intends to seek planning permission in early 2016 for the new market hall. The Council would welcome a mixed use scheme for the Post Office including hotel, retail, leisure and residential uses.

11 Location Overview Preston lies in the heart of Lancashire, situated at the hub of the UK s north/south road and rail networks. The City is located at the lowest bridging point of the River Ribble at the crossroads of the northwest region s major motorway networks. It has easy access to the M6, M61, M55 and M65. Preston Railway Station lies approximately 900m to the west of the Former Post Office along Fishergate. The City is approximately 40 minutes to Manchester and Liverpool via rail or road. Preston Railway Station serves both local and national routes on the West Coast Main Line from London to Glasgow. Preston city centre is the main retail and service centre in Central Lancashire, and is ranked first in the Lancashire Sub-region for non-food shopping. Blackpool Lytham-st-ann's 4 3 A583 M55 Preston 32 1 A6 M6 31 A59 A677 Blackburn A59 A666 A671 M65 Accrington Burnley A646 A603 A A59 A582 Leyland 28 29 1 29 M65 Darwen A56 Rawtenstall A646 HALIFAX Southport A565 A570 A59 A565 Ormskirk M58 A59 3 A5209 Skelmersdale M6 27 26 Chorley 8 M61 Wigan 6 5 A58 A666 A676 M61 A666 Bolton A58 16 1 A56 M66 17 2 A58 M62 Rochdale 19 A58 Middleton A663 21 Oldham 22 A58 M62 23 Hud A553 2 1 3 A554 A540 A494 A548 4 M53 7 Liverpool A41 A565 A550 A5117 A5036 A5053 A5058 M57 15 5 3 RIVER MERSEY 6 1 10 14 A41 M53 A5116 12 10 2 A561 Ellesmere Port A570 A580 A5300 LIVERPOOL JOHN LENNON AIRPORT A51 A58 A56 A57 St Helens A557 A557 M56 A54 12 M62 A57 Widnes 25 24 11 23 A533 A556 A58 M6 9 22 10 10 21A Warrington A56 A49 A579 21 20 9 11 A580 Northwich A54 M6 A533 M56 M62 A556 A57 19 8 18 7 A56 A580 M602 Altrincham Salford 6 Knutsford A537 3 Manchester A54 4 5 A5103 MANCHESTER AIRPORT A34 A34 A34 A6010 A6 M60 A537 A627 Stockport A523 A6 Macclesfield A523 A6018 A560 A53 A62 A57 Peak Distr Buxton

Preston has 691,617 people living within a 20 minutes drive. It is a centre for commercial and administrative activity and is home to a major university, University of Central Lancashire (UCLan). The staff and student community of the university exceed 40,000 people, spanning 120 nationalities. The building fronts onto the recently refurbished War Memorial and Flag Market, which is the main public space in the city. It is bound by Birley Street to the East and Market Street to the West. To the rear is the Grade II Listed former Fish Market which fronts onto Earl Street and has the potential to be included within a scheme for the Post Office. A5071 North Road Deepdale Road A6063 A583 UCLan Moor Lane Preston Law Courts A6 Former Post Office Ringway A59 Friargate Ringway A5071 A59 Ringway A59 Market Hall Friargate Mill St George s Shopping Centre Lancaster Rd Harris Museum Tithebarn St Bus Station Guild Hall Church Street Perc y St Stanley Street A6 Fishergate Lune St W inckley St Fishergate Glovers Ct Avenham Car Park Skye Hill Grimshaw St Que e n Street Preston Train Station Fishergate Shopping Centre Winnckley Square Winckley Sq Avenham St Avenha m Lane Oxford Street Manchester Road Selbourne St Avenham Park

The Opportunity A unique opportunity to acquire The Grade II listed Former Post Office Building, Preston. The area surrounding the Former Post Office Building is a focus for some of the City s most exciting development over the coming years. The Former Post Office lies at the heart of Preston, where the retail, business and civic functions of the city meet. The Fish Market Canopy is being refurbished and could be included in any scheme for the Post Office. Parties interested in assuming responsibility for the next phase of its life are now sought. This will include its conversion to a viable uses that ensure this magnificent building is retained for future generations. The Council would want to see a scheme of sensitive adaptation and reuse which will respect the buildings heritage.

Investment & Development Plans For Preston City Centre Plan The City Centre Plan is at an advanced stage of preparation and is due to be adopted early next year. It will sit alongside The Central Lancashire Core Strategy when adopted, completing the statutory development plan coverage across Preston. The overall strategy for the city centre is to encourage and facilitate sustainable new development, including optimising the use of existing buildings, that will maintain, and enhance, the vitality, viability and vibrancy of the centre, whilst also preserving and enhancing environmental quality. City Deal The Preston, South Ribble and Lancashire City Deal is a landmark agreement committed to a major transformation of the area, creating thousands of new jobs and homes. Preston was the only city in the North West to be invited to submit a proposal in the second wave of city deals and to have successfully agreed a deal. The City Deal will unlock that potential through a staggering 434 million new investment to help expand and improve Preston and South Ribble s transport infrastructure, at an unprecedented rate. Forecasts suggest 20,000 new jobs will be created and 17,420 homes built - a huge boost to a local economy expected to grow by 1 billion over the next 10 years.

Bus Station Proposals Late 2014, Lancashire County Council approved plans for a 23m refurbishment of Preston's iconic bus station. An international design competition has now been completed. The winning architects will now work up a scheme to gain planning consent for the creation of a modern and vibrant public service hub, including a youth zone, bus and coach transport, and an attractive open public space. University of Central Lancashire Masterplan The University of Central Lancashire has set out proposals to create a striking new environment for UCLan, reinforcing key routes and spaces and adding dramatic new interventions in the form of buildings, squares and landscaped areas. The University has an annual turnover of nearly 200 million and every year contributes indirectly in the region of 300 million to the local economy. The University aspires to reinforce connections with the city centre to help encourage wider regeneration opportunities both by: Improving the physical links between the campus and the city, particularly along Corporation Street at the area immediately north of the railway station. Contributing to the strengthening of the local economy and helping to underpin long term, sustainable, economic growth. Markets Quarter A planning application is due in early 2016 to create a new market hall. The site of the current market hall is being actively marketed as a development opportunity for a cinema and associated food and beverage. The Council is currently working with Cinema Next to engage with Cinema operators.

UCLan St. Georges Shopping Centre Former Post Office The Sessions House The Harris Museum

Description and Accommodation The Former Post Office Sorting Office is a Grade II Listed Building located adjacent to the Flag Market in Preston, built between 1901 and 1903 and subsequently altered and extended. It occupies a site of 0.36 acres (0.16 hectares). The building consists of basement, ground, small ground floor mezzanine, first, second and third floors. Ground Floor First Floor Second Floor Thrid Floor Roof Hotel Development Ground Ground floor mezzanine First Second Third 1,177.8m² 120.0m² 1,070.4m² (12,678 sq ft) (12,539 sq ft) (1,292 sq ft) (11,522 sq ft) Total 5,862.9 m² (63,109 sq ft) The topography around the building is higher to the east side and the ground levels fall from north east to south west across the primary southern elevation. There is a stepped access to the ground floor level, except for one entrance to the east elevation. No building survey has been undertaken. The selected purchaser will fully satisfy themselves prior to entering a purchase contract. We understand all mains services are available to the site including public sewers. Interested parties are to make their own enquires and satisfy themselves before entering a contract to purchase.

Description and Accommodation The Former Post Office Sorting Office is a Grade II Listed Building located adjacent to the Flag Market in Preston, built between 1901 and 1903 and subsequently altered and extended. It occupies a site of 0.36 acres (0.16 hectares). The building consists of basement, ground, small ground floor mezzanine, first, second and third floors. Ground Floor Ground Floor First Floor Second Floor Thrid Floor Roof Hotel Development Ground Ground floor mezzanine First Second Third 1,177.8m² 120.0m² 1,070.4m² (12,678 sq ft) (12,539 sq ft) (1,292 sq ft) (11,522 sq ft) Total 5,862.9 m² (63,109 sq ft) The topography around the building is higher to the east side and the ground levels fall from north east to south west across the primary southern elevation. There is a stepped access to the ground floor level, except for one entrance to the east elevation. No building survey has been undertaken. The selected purchaser will fully satisfy themselves prior to entering a purchase contract. Mezzanine We understand all mains services are available to the site including public sewers. Interested parties are to make their own enquires and satisfy themselves before entering a contract to purchase.

Description and Accommodation The Former Post Office Sorting Office is a Grade II Listed Building located adjacent to the Flag Market in Preston, built between 1901 and 1903 and subsequently altered and extended. It occupies a site of 0.36 acres (0.16 hectares). The building consists of basement, ground, small ground floor mezzanine, first, second and third floors. First Floor Ground Floor First Floor Second Floor Thrid Floor Roof Hotel Development Ground Ground floor mezzanine First Second Third 1,177.8m² 120.0m² 1,070.4m² (12,678 sq ft) (12,539 sq ft) (1,292 sq ft) (11,522 sq ft) Total 5,862.9 m² (63,109 sq ft) The topography around the building is higher to the east side and the ground levels fall from north east to south west across the primary southern elevation. There is a stepped access to the ground floor level, except for one entrance to the east elevation. No building survey has been undertaken. The selected purchaser will fully satisfy themselves prior to entering a purchase contract. We understand all mains services are available to the site including public sewers. Interested parties are to make their own enquires and satisfy themselves before entering a contract to purchase.

Description and Accommodation The Former Post Office Sorting Office is a Grade II Listed Building located adjacent to the Flag Market in Preston, built between 1901 and 1903 and subsequently altered and extended. It occupies a site of 0.36 acres (0.16 hectares). The building consists of basement, ground, small ground floor mezzanine, first, second and third floors. Second Floor Ground Floor First Floor Second Floor Thrid Floor Roof Hotel Development Ground Ground floor mezzanine First Second Third 1,177.8m² 120.0m² 1,070.4m² (12,678 sq ft) (12,539 sq ft) (1,292 sq ft) (11,522 sq ft) Total 5,862.9 m² (63,109 sq ft) The topography around the building is higher to the east side and the ground levels fall from north east to south west across the primary southern elevation. There is a stepped access to the ground floor level, except for one entrance to the east elevation. No building survey has been undertaken. The selected purchaser will fully satisfy themselves prior to entering a purchase contract. We understand all mains services are available to the site including public sewers. Interested parties are to make their own enquires and satisfy themselves before entering a contract to purchase.

Description and Accommodation The Former Post Office Sorting Office is a Grade II Listed Building located adjacent to the Flag Market in Preston, built between 1901 and 1903 and subsequently altered and extended. It occupies a site of 0.36 acres (0.16 hectares). The building consists of basement, ground, small ground floor mezzanine, first, second and third floors. Third Floor Ground Floor First Floor Second Floor Thrid Floor Roof Hotel Development Ground Ground floor mezzanine First Second Third 1,177.8m² 120.0m² 1,070.4m² (12,678 sq ft) (12,539 sq ft) (1,292 sq ft) (11,522 sq ft) Total 5,862.9 m² (63,109 sq ft) The topography around the building is higher to the east side and the ground levels fall from north east to south west across the primary southern elevation. There is a stepped access to the ground floor level, except for one entrance to the east elevation. No building survey has been undertaken. The selected purchaser will fully satisfy themselves prior to entering a purchase contract. Mezzanine We understand all mains services are available to the site including public sewers. Interested parties are to make their own enquires and satisfy themselves before entering a contract to purchase.

Description and Accommodation The Former Post Office Sorting Office is a Grade II Listed Building located adjacent to the Flag Market in Preston, built between 1901 and 1903 and subsequently altered and extended. It occupies a site of 0.36 acres (0.16 hectares). The building consists of basement, ground, small ground floor mezzanine, first, second and third floors. Roof Ground Floor First Floor Second Floor Thrid Floor Roof Hotel Development Ground Ground floor mezzanine First Second Third 1,177.8m² 120.0m² 1,070.4m² (12,678 sq ft) (12,539 sq ft) (1,292 sq ft) (11,522 sq ft) Total 5,862.9 m² (63,109 sq ft) The topography around the building is higher to the east side and the ground levels fall from north east to south west across the primary southern elevation. There is a stepped access to the ground floor level, except for one entrance to the east elevation. No building survey has been undertaken. The selected purchaser will fully satisfy themselves prior to entering a purchase contract. We understand all mains services are available to the site including public sewers. Interested parties are to make their own enquires and satisfy themselves before entering a contract to purchase.

Description and Accommodation The Former Post Office Sorting Office is a Grade II Listed Building located adjacent to the Flag Market in Preston, built between 1901 and 1903 and subsequently altered and extended. It occupies a site of 0.36 acres (0.16 hectares). The building consists of basement, ground, small ground floor mezzanine, first, second and third floors. Illustrative Hotel Development Stair Core Ground Floor First Floor Second Floor Thrid Floor Roof Hotel Development 1,177.8m² (12,678 sq ft) Ground (12,539 sq ft) Ground floor mezzanine 120.0m² (1,292 sq ft) First Store Second Third 1,070.4m² (11,522 sq ft) Total 5,862.9 m² (63,109 sq ft) Typical 3/4 star hotel room The topography around the building is higher to the east side and the ground levels fall from north east to south west across the primary southern elevation. Stair Core Attic 2nd Floor 11 Bedrooms Approx 22.5M2 30 Bedrooms Approx 22.5M2 There is a stepped access to the ground floor level, except for one entrance to the east elevation. Store 1st Floor 30 Bedrooms Approx 22.5M2 No building survey has been undertaken. The selected purchaser will fully satisfy themselves prior to entering a purchase contract. 71 Bedrooms Total We understand all mains services are available to the site including public sewers. Interested parties are to make their own enquires and satisfy themselves before entering a contract to purchase.

Method of Disposal A two stage tender process will be undertaken. The first stage will invite expressions of interest and concept bids from interested parties. The submission date for expressions of interest / concept bids will be advised separately. After expressions of interest / concept bids have been received and assessed shortlisted parties will be invited to submit a comprehensive bid for consideration. Proposals will be assessed against their potential to address constraints on use and their ability to deliver long term, sustainable regeneration benefits for the city. Heritage and local Planning bodies will be further consulted to establish each proposal s scope for suitability in relation to their long term viability and impacts on the historic structure of the building. First Stage Tender Conditions Interested parties will be informed separately of when expressions of interest / concept bids are sought by. The following information is requested within any concept bid / expressions of interest; 1 Precise purchaser/company details/track record of similar acquisitions. 2 Concept plan/ideas. 3 Statement of proposed use. 4 Any conditions relating to the offers.

Further Information A full information pack is available on request or on-line go to, www.colliersproperty.co.uk and search ref; 23387 Contact Jonathan Edwards - 0161 831 3325 jonathan.edwards@colliers.com Andy Delaney - 0151 433 0352 andy.delaney@colliers.com For more information regarding other investments in Preston, as well as, visitor area, please contact or click for the Guild City website. Misrepresentation Act 1967. Unfair Contract Terms Act 1977 The Property Misdescriptions Act 1991. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact upon which any person is entitled to rely. Neither the agent nor any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. August 2015. RB&Co 0161 833 0555. www.richardbarber.co.uk Colliers International 1 Marsden Street Manchester M2 1HW