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.