The Exchange, Percy Street, Preston, Lancashire
- PROPERTY TYPE
Apartment
- BEDROOMS
3
- BATHROOMS
2
- SIZE
Ask agent
Key features
- Tenanted at £1,700.00 per month
- £20,400 rental income per year
- Spacious three bedroom, two bathroom property
- Luxury development including concierge and onsite gymnasium
- Walking distance to Preston town centre
Description
Priced at £275,000 and tenanted at £1,700.00 per month, the property is being brought to market at a gross yield of 7.4% - comfortably ahead of both the national and regional averages, in a price bracket that keeps the deposit and stamp duty commitment modest for a buy-to-let purchase.
KEY FINANCIALS
Asking price: £275,000
Current rent: £1,700 pcm
Gross annual income: £20,400.00 per annum
Gross yield: 7.4%
PROPERTY DETAILS
Property type: Three-bedroom (two bathroom) apartment
Bedrooms: 3
Tenure: Tenanted - sold with tenant in situ
EPC rating: B
Postcode: PR1 1AW
Local authority: Preston City Council
On-site concierge and reception
Gymnasium
197-year leasehold
Annual service charge - £1,995.00 per annum
Annual ground rent - £188.00
TENANCY AT A GLANCE
The property is currently let at £1,700.00 per calendar month, providing an incoming landlord with immediate, uninterrupted rental income and none of the costs or delay associated with sourcing a new tenant, referencing, or redecorating a vacant property. Full tenancy details are available on request. The current tenant is a single professional working in the local area.
- 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.
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- 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.
- Ground floor
Energy performance certificate - ask agent
The Exchange, Percy Street, Preston, Lancashire
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Visit our security centre to find out moreDisclaimer - Property reference PURPREEXC54. 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 Pure, Manchester. 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.
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