House For Sale £135,000
Ripon Street, Preston, Lancashire PR17Lu PR1

Earn instant income on this already tenanted investment opportunity - not stuiable for owner occupiers! This excellent four bedroom terrace is in the heart of Preston, enquire today to avoid disappointment!

This large and spacious 4 bedroom rental property is fully let until July 2021 with forward booking confirmed for the next academic year and offers the buyer the opportunity to earn a 9.19% net yield.

The property comprises of a spacious lounge and modern kitchen, four double bedrooms and a contemporary three piece bathroom. The property is currently tenanted for the new academic year, with each room achieving a rental income of £88 per room per week. Ideally located close to local amenities and transport links. This hands off investment is ideal for those looking to add to their portfolio or those looking to start out. Upon entering the spacious hallway you find the first bedroom directly to the left. As you follow the hallway towards the rear of the building there is a large living, dining space and well fitted modern kitchen. The first floor has a further 3 double bedrooms and well proportioned bathroom.

Preston is a major centre of the British defence aerospace industry with BAE Systems, the uk's principal military aircraft design, development and manufacture supplier, having its Military Aircraft headquarters located in nearby Warton. The company has two of its major facilities located some miles on either side of the city. BAE Warton is located to the western side of the city whilst BAE Samlesbury is located to the east, over the M6 motorway. BAE Systems also operate large office facilities at the Portway area within the city and at The Strand office complex.

Enquire today!

Financial Breakdown

Gross rent: £15,744
Ground rent: £0
Service charge: £0
Lettings fees: £1,300
Net income: £12,404
Gross yield: 11.66%
Net yield: 9.19%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-15589