Bishopgate Gardens, Bishopgate, Preston, Lancashire
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
425 sq ft
39 sq m
Key features
- Immediate Cash Flow: Sold fully tenanted, generating £825 pcm (£9,900 per annum)
- Luxury Tenant Amenities: High-appeal communal facilities
- High Gross Rental Yield: Exceptional 9.0% gross return
- Prime Central Location: PR1 postcode within walking distance of Preston Train St
- Turn-Key Investment: Modern construction by premier developer The Heaton Group
- Preston Regeneration Benefits: Capitalises on the £434m City Deal investment
Description
Currently let at £825 pcm, the property generates £9,900 in annual rental income, representing a gross yield of 9.0% based on the asking price of £110,000. Built by The Heaton Group, the development combines modern city-centre living with a range of premium resident facilities.
Key features
Tenanted Investment: Currently generating £825 pcm (£9,900 per annum), providing rental income from completion, subject to the existing tenancy.
Strong Gross Yield: 9.0% gross rental yield based on the £110,000 asking price.
Prime Location: Situated in Preston City Centre, close to Preston Train Station, UCLan and local shops, restaurants and commercial hubs
Open-Plan Living: Bright reception and kitchen area featuring contemporary fitted units and integrated appliances.
Modern Interior: Well-proportioned double bedroom, modern tiled bathroom and neutral finishes throughout.
Energy Efficiency: High EPC rating, helping to keep energy costs manageable for tenants.
Resident amenities
24/7 on-site concierge and reception.
Landscaped rooftop terrace with panoramic city views.
Co-working lounge and communal resident areas.
On-site coffee shop, Brew + Bake, located on the ground floor.
Secure entry systems, keycard lift access and CCTV.
Property accommodation
Entrance Hallway: Secure entrance leading to a welcoming hallway with built-in utility and storage space.
Open-Plan Lounge/Kitchen: Spacious, light-filled living area featuring contemporary fitted units, integrated appliances and room for dining and relaxation.
Bedroom: Stylish double bedroom with neutral décor.
Bathroom: Modern three-piece bathroom suite featuring a vanity basin, overhead shower and contemporary tiling.
Investment summary
Purchase Price: £110,000
Current Rental Income: £825 pcm
Annual Rental Income: £9,900
Gross Rental Yield: 9.0%
Viewings
Internal viewings are available by appointment only. Contact us today to arrange a viewing of this tenanted investment opportunity in Preston City Centre.
- 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: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Terrace
- 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,Lift access
Energy performance certificate - ask agent
Bishopgate Gardens, Bishopgate, Preston, Lancashire
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Visit our security centre to find out moreDisclaimer - Property reference ResalePr. 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 TK Property Group Ltd, Covering 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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