Studio Flat For Sale, Lunar House, 3-5 Lune Street, Preston PR1

Description

Yieldit are pleased to offer for sale three superior studio apartments located in the heart of Preston, an ideal location for young professionals and students alike. Lunar House comprises 20 large apartments and is centrally located close to shops and amenities, the university and the train station. Its position near the train station means that Lunar House is not only appealing to the Preston rental market but is also perfect for those commuting to other cities in the North West, including Manchester.

Preston is growing at an impressive rate with a number of major investments underway to improve the area, Preston is on the verge of an economic boom. In particular, the Guild Hall has received a £10m investment over the past three years, while the Preston Markets have had a £3m revamp and a high street make-over. With the area already named the best city to live and work in the North West in the Good Growth for Cities Index by Demos-PwC, it is no surprise why the demand for luxury apartments in the area has increased.

There’s no denying that this bustling, vibrant city is up there with other major players, making it a property hotspot for investors to increase their portfolio of rental properties. This is not an opportunity to be missed so don’t miss out and enquire today.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £6,300
Ground rent: £200
Service charge: £1,353
Net income: £4,747
Gross yield: 11.45%
Net yield: 8.63%

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-06895

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Studio Flat For Sale £55,000 Lunar House, 3-5 Lune Street, Preston PR1

Studio Flat For Sale £55,000
Lunar House, 3-5 Lune Street, Preston PR1