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Property
Plungington Road, Preston PR1
£210,000
Plungington Road, Preston PR1
£210,000
Our Summary
- An Exceptional Investment Opportunity with Immediate Income and Future Potential
- The flat is generously sized and well-laid-out, but it does require renovation and modernization, offering an ideal opportunity for buyers to add significant value
- Furthermore, there is a clear opportunity to increase returns through refurbishment
- Early viewing is highly recommended to fully appreciate the potential on offer
- Refurbishment Opportunity: Flat requires modernisation, offering potential to add value
Description
This mixed-use commercial property on Plungington Road in Preston offers an exceptional investment opportunity with immediate income and future potential. The ground floor is a fully renovated commercial unit, home to a well-established takeaway business, Mom's Kitchen Sandwich Bar, which has a welcoming shop front and a fully equipped kitchen. Above the commercial unit is a spacious two-bedroom flat that requires renovation and modernization, offering an ideal opportunity for buyers to add significant value. The property generates a reliable monthly rental income of £650 from the tenanted flat, and with strategic updates, the rental value of both units could be significantly improved, maximizing long-term profit. With its prime location near the University and city centre, this property is a rare chance to purchase a mixed-use property in a high-demand area with excellent transport links and amenities.