Garstang Road

Preston, PR1

Tenure: Leasehold

Available for purchase now is this great investment opportunity in Preston's ever growing student population.  Located within walking distance of the University, Canterbury Hall is rented out with waiting lists for all units!

The property is a studio flat of approx. 22m2 of accommodation with a kitchenette, living/bedroom space and a shower room.

Communally there is a beautiful roof terrace, atrium, entertainment room, gym, garden courtyard, laundry room, quiet study room and a concierge desk.

Expected finances for academic year 24/25

Gross rental income £7592

Gross yield % 10.8%

Ground rent and service charge £3377.80

Net income £4214.20

Net yield % 6.02

Disclaimer

These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Northwood nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance.

EPC rating: Unknown. Council tax band: A, Tenure: Leasehold, Annual ground rent: £275, Annual service charge: £1722, Service charge description: Payable every 3 months, Length of lease (remaining): 119 years 0 months,