Apartment , The Sorting Office, West Cliff, Preston
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
786 sq ft
73 sq m
Key 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%
Description
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
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Apartment , The Sorting Office, West Cliff, Preston
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Visit our security centre to find out moreDisclaimer - Property reference RS0172. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by North West Homes, Preston. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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