Flat , Fishergate Court, Fishergate, Preston
- PROPERTY TYPE
Flat
- BEDROOMS
6
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Description
An excellent opportunity to acquire a freehold investment portfolio comprising three self-contained apartments in the heart of Preston city centre.
The portfolio includes six bedrooms, three reception rooms, three kitchens and three bathrooms, with the apartments currently generating a gross annual rental income of £37,644, representing an approximate gross yield of 10.75% based on the starting bid.
Ideally located close to Preston Railway Station, the University of Central Lancashire (UCLan), Fishergate Shopping Centre and a wide range of shops, cafés and local amenities.
Offering three income-producing apartments under a single freehold title, this property is an ideal purchase for portfolio landlords and investors seeking an established residential investment. Prospective purchasers are advised to review the legal pack, tenancy documentation and auction terms before bidding.
Key Features:
- Being Sold via Secure Sale Online Bidding through Pattinson
- Starting Bid £350,000
- Three self-contained apartments sold as one freehold investment.
- Six bedrooms across the portfolio
- Current gross rental income of £37,644 per annum
- Indicative gross yield of approximately 10.75%
- Three separate kitchens, reception rooms and bathrooms
- Established rental income across all three apartments
- Freehold title
- Prime Preston city centre location
- Close to Preston Railway Station and UCLan
- Ideal for portfolio landlords and property investors
Location Highlights:
- The property is situated on Fishergate, one of Preston city centre's principal commercial and residential thoroughfares.
Nearby destinations include:
- Preston Railway Station
- University of Central Lancashire (UCLan)
- Fishergate Shopping Centre
- Preston city centre shops and amenities
- Restaurants, cafés and supermarkets
- Local bus services and regional transport connections
- Convenient access to the wider motorway network
Auctioneers Additional Comments:
In order to secure the property and demonstrate commitment to the purchase, the successful bidder will be required to pay a non-refundable deposit equivalent to 5% of the purchase price upon exchange of contracts. The deposit will form part of the purchase price.
A non-refundable Reservation Fee of up to 6% (including VAT), subject to a minimum fee of up to £7,200 (including VAT), is also payable upon agreement of sale. The Reservation Fee is payable in addition to the agreed purchase price, and purchasers should take this into account when considering any Stamp Duty Land Tax liability.
Both the Marketing Agent and the Auctioneer may introduce purchasers to third-party service providers from whom a referral fee may be received. There is no obligation to use any recommended suppliers or services.
Council Tax Band: A
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.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Flat , Fishergate Court, Fishergate, Preston
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Visit our security centre to find out moreDisclaimer - Property reference RS0637. 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 Open House Estate Agents, Bolton. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Open House Estate Agents, Bolton on 01204 326572.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*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.