1 bed Flat For Sale £100,000
The Room Apartments, Lawson Street, Preston, Lancashire PR1

A great opportunity to own an investment property in the heart of Preston city centre.

The Room apartments are well known for modern, luxury city center living.

A well maintained and well sized first floor one double bedroom apartment situated in the heart of Preston City Centre, Preston Bus station and train station, close to local amenities and other transport facilities. Literally a stone throw away from Uclan and walking distance to city centre.

The property which has the benefit of economic electric heating and comprises a large open plan lounge/kitchen with appliances, double bedroom, three piece bathroom and balcony.

Car parking space included and is returning additional income.

The property is furnished and also comes with double glazed windows and electric heating.
Investor information


For an investor it provides a yield of approx 8%

The property is currently rented on an AST contract with tenant in situ till June 2021.

Rental income approx £8400 per annum
Car parking space included which is actually producing an addition £80 per month on flexi term lease.

Service charge 2020:approx £80 per month

Ground rent 2020:approx £250 per annum to be confirmed

Lease 125 years from 2008 estimated.

Hallway

Light and airy hallway with laminate flooring, painted walls and central ceiling lights and access to all rooms.

Open Plan Lounge And Kitchen (7.5m x 3.3m)

Spacious open plan living and kitchen area with painted walls, spot lighting, carpet area, double glazed upvc door with blinds leading out to the balcony and electric wall heaters.
Kitchen area has a vinyl flooring area, wall and base units, contrasting laminate work top and upstands, under unit lighting, built in appliance fridge freezer, hob, oven, washing machine, dishwasher stainless steel sink, and spot lighting.

Bedroom One (5.1m x 2.7m)

Central ceiling light, painted walls, double glazed window with roller blinds, electric wall heaters, carpets and wardrobe.

Bathroom (2.2m x 1.8m)

The three piece bathroom suite includes WC, sink and bath with shower over. The room has part-tiled walls with a fully tiled floor, and also contains a heated chrome towel rail to the side wall.

Viewing

Preston City Centre Office: , Unit 8, Fishergate, Preston, PR1 2NJ
Fulwood Office: ,77 Watling Street Road, Fulwood, Preston, PR2 8EA

Disclaimer

These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.