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Flat, Cross Street, Preston 1 bed apartment for sale
Flat , Cross Street, Preston
£110,000
Flat , Cross Street, Preston
£110,000
Our Summary
- 5% Yield (Up to 12% Potential)Apartment 33, Winckley House, 5 Cross Street, Preston, PR1 3LTKey Features:* Fully furnished, modern one-bedroom apartment* Excellent investment opportunity - tenanted with a current 5
- * Located on the second floor of a completed development* Just 5 minutes from Preston Train Station and city centre amenitiesProperty Description:An ideal opportunity for investors seeking strong, immediate returns, this stylish second-floor apartment is located in the highly regarded Winckley House development in the heart of Preston
Description
This stylish 1-bedroom apartment is located in the heart of Preston, overlooking historic Winckley Square, and offers a fantastic investment opportunity. The apartment is fully furnished and currently tenanted, generating a 5.5% yield, with potential NET yields of up to 12% through short-term lets permitted in the lease. The modern, open-plan layout features a large lounge/dining area, one double bedroom, and a contemporary bathroom suite. With a leasehold tenure of 150 years from 2019 and a ground rent of £457 per year, this property offers a secure and attractive investment option. The location is ideal, just 5 minutes from Preston Train Station and city centre amenities, and within walking distance to shops, bars, and parks. With its prime city centre location, modern design, and excellent return potential, this apartment is an attractive package for investors seeking a strong, immediate return.