1 bed Flat For Sale, Cannon Street, Preston PR1

Description

Yieldit are pleased to bring this tenanted investment to the market, offering an immediate return on investment with an excellent net yield above 6%. Apartments in the Cannon Street development are let and managed by the award-winning Heaton Group. They are highly sought after in the rental market due to their luxurious finish and ideal central location.

The apartment is located on the third floor and consists of a beautiful open plan living area with a Juliet balcony; a fully-fitted high specification kitchen with appliances; a handy storage cupboard and a stylish bathroom with a three-piece suite and shower over bath.

Cannon Street is at the heart of one of the North West’s most thriving cities, Preston has recently benefited from millions of pounds worth of investment which is reflected in significant house price growth and excellent rental yields. It has an increasing population and high-quality accommodation such as that at Cannon Street is in short supply.

Preston is a fantastic city to invest in, it recently beat London as being the UK’s most improved urban area thanks to achieving above-average improvements in health, transport and work-life balance. It’s also the economic hub of Lancashire, boasting unrivalled transport links, a fantastic quality of life and affordable living, in addition to this its appeal is only set to increase further with over £1 billion of investment planned for the next decade including the 450m City Deal which is set to build on this and create 20,000 new jobs over the next 10 years which will only increase the demand for rental properties.

Financial Breakdown

Gross rent: £7,800
Ground rent: £250
Service charge: £800
Net income: £6,750
Gross yield: 7.09%
Net yield: 6.14%

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-18457

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1 bed Flat For Sale £110,000 Cannon Street, Preston PR1

1 bed Flat For Sale £110,000
Cannon Street, Preston PR1