Tithebarn Street, Preston, PR1

The Guild Tavern and The Jazz Bar comprise two adjacent, high-specification student accommodation buildings in Preston, both located just off Fishergate within easy walking distance of the University of Lancashire and the city centre's extensive range of shops, bars and restaurants. The properties have been refurbished by the current owners to provide modern, well-maintained accommodation.

The Guild Tavern provides accommodation for 22 students across 3 cluster flats and 6 studio apartments, while the Jazz Bar provides accommodation for 39 students across 7 cluster flats and 2 studio apartments.
Combined, the portfolio accommodates 61 students and generates an annual rental income of £360,000 per annum based on 50 week contracts which gives a gross yield of 12.14%.

Preston is a major university city with over 26,000 University of Lancashire students based on the Preston campus. There is presently a very limited PBSA pipeline.

The vendors have consistently focused on providing high-quality student accommodation in the most sought-after locations within each city of operation, avoiding areas that are less desirable to students and therefore more vulnerable to fluctuations in demand. Strong emphasis is placed on proactive maintenance and continual investment, with recent works including the repainting of the Preston buildings.

As a result of this approach, the Preston accommodation has achieved 100% occupancy at the start of every academic year since conversion of the properties in 2012 and 2014.
All accommodation is fully let for the 2025/26 academic year, with more than 90% rooms already secured for 2026/2027.

The quality of management is reflected in the current owners having a 4.5 star Google ranking.

Both buildings are fully compliant with up-to-date HMO licences.

A full data pack of information available on request, including detailed schedules of rents for current and previous years, HMO licences, gas safety certificates and EICR.

In addition to these two Preston buildings, the vendors also own a further two buildings in Plymouth and seven in Swansea, all of which are available to acquire, individually or preferably as part of a single portfolio transaction, offering immediate scale across multiple established university markets.

Preston Portfolio Summary:
Beds: 61
Annual Rental Income: £358,000
Gross Yield: 12.14%
Net Yield: 8.1%
Occupancy: 100% in every academic year.