Studio Flat For Sale, Garstang Road, Preston PR1

Description

This is an investment opportunity to purchase a student apartment in Preston generating £6,600 rent pa & a net yield of 9.2%.

Please note that this property is suitable for cash buyers only due to its low value.

Leasehold information:

- Length of lease: 125 years
- Year lease started: 2018
- Years left on lease: 121 years (from 2022)
- Service charge: Tbc
- Service charge review period: Tbc
- Ground rent review period: Tbc

Property information:

- Located on the first floor
- Studio bedroom with ensuite shower room
- Corner unit with dual-aspect windows, allowing for lots of natural light
- Fully equipped kitchen including hob, microwave, sink & fridge freezer
- 43' smart TV
- High-speed broadband
- Communal spaces include:
-- Resident's gym
-- Garden courtyard
-- Privat study room
-- Rooftop terrace
-- Home entertainment room
- EPC rating C
- Council tax band: A

Rental information:

- The vendor receives £6,600 rent per annum after management costs and service charge
- The displayed gross rent and gross yield are reflecting the net amounts; we are unable to display net figures at present
- The building is fully booked this academic year
- The property is fully let and managed by a third party

Location information:

- The property is located just on the edge of Preston town centre
- The town centre can be reached in less than 10 minutes walk
- The University of Central Lancashire is a short walk away
- Preston railway station is 1 mile from the property
- Moor Park can also be reached within a 10-minute walk

Note:

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

Follow the link for more information:

        
zoopla.co.uk

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Studio Flat For Sale £72,000 Garstang Road, Preston PR1

Studio Flat For Sale £72,000
Garstang Road, Preston PR1