Flat for sale in Apartment, The Sorting Office, West Cliff, Preston PR1
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Utilities and more details
Property features
- 1 Bedroom Luxury Apartment
- Minutes From City Centre/Train Station
- Modern bathroom
- Modern kitchen
- Modern Open Lounge/Diner
- No Onward Chain
- Perfect Investment Property
- Private Parking Space
- Rear Blacony
- Potential Net Yield Of Over 8%
Property description
Description
This excellent one-bedroom Luxury apartment is in the heart of Preston town centre minutes away from Train Station, shopping malls and University.
This wonderful larger than average and ultra stylish one-bedroom self-contained apartment which occupies a total floor space of around 73m2. The property briefly comprises of; entrance hallway leading to a spacious open-plan lounge/diner and fully fitted kitchen with all appliances included. There is also a spacious double bedroom and extremely modern bathroom. The apartment is located on the Lower ground floor and has its own outside rear balcony with space for off-road parking also included.
The Sorting Office is in an ideal location with Preston growing at an impressive rate - several major investments are underway to improve the area and as a result, the city is on the verge of an economic boom. In particular, the Guild Hall, has received a £10m investment over the past three years, and the Preston Markets have had a £3m revamp, as well as a high street make over.
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.
The annual current rental income is £9,600 which is just under 7% net yield however possible to increase the annual rental income to £12,000 (over 8% Yield).
Council Tax Band: A (Preston City Council)
Tenure: Leasehold (250 years)
Ground Rent: £350 per year
Service Charge: £1,975.78 per year
Property info
For more information about this property, please contact
North West Homes, PR1 on +44 1772 913358 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by North West Homes, and do not constitute property particulars. Please contact North West Homes for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.