1 bedroom apartment

The Sorting Office, 42 West Cliff, Preston, PR1 8HU

Size: 60 sqm

Purchase price

£160,000

Size: 60 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £9,000
Ground rent £250
Service charge £850
Lettings fees £900
Net income £7,000
Gross yield 5.63%
Net yield 4.38%

EXCELLENT INVESTMENT OPPORTUNITY AND EARN INSTANT INCOME ON THIS ALREADY TENANTED PROPERTY! This excellent one bedroom apartment is located in the heart of Preston town center, enquire today to avoid disappointment.

This wonderful larger than average and ultra stylish one bedroom self contained apartment which occupies a total floor space of around 645sq, ft which is the size of most two bedroom apartments in the area. 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 ground floor and has its own outside space with off-road parking also included.

The Sorting Office is in an ideal location with Preston growing at an impressive rate - a number of 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.

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 investment property in this 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.

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY - NOT SUITABLE FOR OWNER OCCUPIERS! This wonderful LARGER THAN AVERAGE, one bedroom apartment is situated on the GROUND floor with self-contained entrance and outside space.

Interested in this property? Enquire today for more information

Key features

Key features

Larger than average one bedroom apartment

Key features

Shops, bars and amenities nearby

Key features

645sq ft floor space

Key features

Preston town Centre

Key features

Excellent investment opportunity

Key features

Video walkthrough available on request

Key features

Excellent location

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY - NOT SUITABLE FOR OWNER OCCUPIERS! This wonderful LARGER THAN AVERAGE, one bedroom apartment is situated on the GROUND floor with self-contained entrance and outside space. More info...

EXCELLENT INVESTMENT OPPORTUNITY AND EARN INSTANT INCOME ON THIS ALREADY TENANTED PROPERTY! This excellent one bedroom apartment is located in the heart of Preston town center, enquire today to avoid disappointment.

This wonderful larger than average and ultra stylish one bedroom self contained apartment which occupies a total floor space of around 645sq, ft which is the size of most two bedroom apartments in the area. 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 ground floor and has its own outside space with off-road parking also included.

The Sorting Office is in an ideal location with Preston growing at an impressive rate - a number of 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.

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 investment property in this 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.

  • Key features
    Tick Desktop Larger than average one bedroom apartment
    Tick Desktop Shops, bars and amenities nearby
    Tick Desktop 645sq ft floor space
    Tick Desktop Preston town Centre
    Tick Desktop Excellent investment opportunity
    Tick Desktop Video walkthrough available on request
    Tick Desktop Excellent location
  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £9,000
Ground rent £250
Service charge £850
Lettings fees £900
Net income £7,000
Gross yield 5.63%
Net yield 4.38%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.