Garstang Road, Preston PR1 1 bed flat for sale

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Garstang Road, Preston PR1 1 bed flat for sale

Garstang Road, Preston PR1
£50,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This studio flat in Preston is a fantastic investment opportunity for those looking to expand their portfolio. The property features one bedroom, a modern kitchen and bathroom, and is located in a well-kept building with a range of amenities including a communal kitchen and dining space, roof deck, lounge, gym, and utility room. The property is currently producing an annual gross income of £7,440 with long-term tenants already in place, making it a worthwhile addition to an investor's portfolio. The property is situated in a purpose-built student accommodation block and can only be let out to students, with the current tenant having consistently paid rent for the duration of their stay. The property is being sold with the tenant in situ, and the seller is committed to facilitating a smooth transaction process.