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Studio Flat For Sale £71,500
Garstang Road, Preston PR1


Description
This is an investment opportunity to purchase a student studio apartment in Preston generating £5,360 rent pa & gross yield of 7.5%.

Please note that this property is for cash buyers only due to the low value

Vesta has access to two other units in this building

Leasehold information

  • Length of lease: 125 years
  • Year lease started: Tbc
  • Service charge: Tbc


Property information

  • Located on the 1st floor
  • Self-contained student studio apartment comprising:
    • Double bed
    • Wardrobe
    • Desk and chair
    • Flat-screen TV
    • Fully equipped private kitchen
    • Ensuite bathroom
    • High-speed broadband

  • The building also has the following tenant facilities:
    • Reception breakout area with coffee/tea making facilities
    • Concierge desk
    • Home entertainment room
    • Resident's gym
    • Garden courtyard
    • Rooftop terrace
    • Private study room

  • We are awaiting to hear the status of the EWS1 certificate
  • EPC rating C


Rental information

  • Monthly rental income: £446.66
  • Annual rental income: £5,360
  • Rent is assured for 2 years at £5,360 pa


Location information

  • The property is 0.5 miles from Preston city centre
  • The University of Central Lancashire is a short walk from the property
  • Moor Park is the nearest park and offers sports pitches and courts
  • Easy access to the A6 and wider road network


Notes

Please note that Vesta has not visited this property and that the vendor has provided all material.

The photos are not of the exact apartment and are for illustrative purposes only. However, they do represent an apartment in the same building. The floorplan does reflect this apartment.

Follow the link for more information:
        
zoopla.co.uk

  
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