Fishergate, Preston, Lancashire, PR1

£140,000

Guide price

  • Bedrooms: 1
**NO CHAIN!**

Best located Apartment.... In Preston City centre.. Overlooking railway station. Very centrally located for work, night life and commuting to the larger cities.

CASHBACK DEAL – 3 yrs (subject to BTL mortgage acceptance with 20% deposit)

[Investors get your full cash deposit back in income within 3 years guaranteed.]

First time to market – been operating with tenants for 3 years.

Ideal investment opportunity, from this limited time offer. With only 2 units left.

Top floor apartment 2nd floor. Rear south facing, enjoy morning sunshine. Quiet aspect at rear no traffic noise. Sealed windows keeping train noise out.

Fully included for lifetime of the lease:

· Heating – wet radiators

· Wi-Fi. Super fast broadband.

· Waste collection

· Covid-19 offer: free Full furnishings.

8% yield

Guaranteed 3 years minimum.

Leaseholder liable for Council Tax - Band A.

Beyond 3 years leaseholder has multiple options:

You could occupy the apartment yourself, we would charge a 2% (sale price) service charge.

If you choose to allow us to operate the apartment with short term tenants:

You have 2 options – (1) fixed % yield to negotiate (2) receive the Net EBITDA earnings of apartment minus 10% mgt fee.

Ground rent: £100 annual.

Additional services available: house-keeping, laundry, linen cleaning is available for a small charge, (our charge would be based at cost price to us).

With your deposit paid, the monthly mortgage payments at current rates would be less than the cost of annual car parking in this location..

Landlord is incumbent and have been running this building for 4 years+, with plans to indefinitely remain in running the common areas to a high standard. All other tenants in block are vetted for high standard of behaviour and are working professionals.

Modern kitchen with all appliances included.

Underfloor heating as well as wet radiators.

Premium build quality and finished to detailed level.

Car parking space available. Can be negotiated separately.

Has been running as a serviced apartment.

Fully managed building. With entrance and lobby cleaned and maintained. CCTV and 24/7 monitored by local Preston team.

Location:

On the doorstep of the train station. So breakfast and go. No need to wait on the platform.

40 mins to Manchester city

1 hr to Manchester airport

2hrs to London Euston

3hrs to London Heathrow Airport

Actual times. Door to door travelled.

Car parking space available. Can be negotiated seperate.

Marketed by Arrange viewing 01787 312401

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