This is a studio flat in Preston. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio!
The well-kept home features 1 bedroom, desk space, modern kitchen and bathroom. The building has amenities like communal kitchen and dining space, roof deck, lounge, gym and utility room.
Investment Details
It currently produces an annual gross income of £7,440 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.
For greater detail on this property's investment potential, please see the Let Property Pack linked below.
If you are interested, please call us.
Tenancy Details
The property is within purpose-built student accommodation (PSBA) block and it can only be let out to students. The current tenant has consistently paid rent for the duration of their stay. The unit is currently managed by student living and must be sold with the tenant in situ.
Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.
Tenancy Checks
Tenancy Agreement
Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.
Proof of Rental Income
Recent Proof of Rental Income has been Verified by Let Property.
Length of Tenancy
Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.
Tenant Means of Funding:
Self Funded
Length of Tenancy information has been provided by the seller as verbal and written confirmation.
Property Checks
Property Tenure
Verified as Leasehold with 118 years on lease
Property Tenure documentation has been provided to Let Property and has been Verified.
EICR
EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Gas Safety
Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Council Tax Band
Council Tax Band: A
Interactive street-level view of the property location and surrounding area.
Appreciation
Service Charge
Indicated