9 bedroom block of apartments for sale

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9 bedroom block of apartments for sale

West Cliff,Preston,PR1 8HX
£525,000

Our Summary

  • 42%, offering an immediate value-add opportunity without the need for renovation
  • Whether you're expanding an existing portfolio or looking for a high-performing, hands-off investment, 47 West Cliff offers security, stability and growth potential in one of Preston’s most reliable rental pockets
  • Ideal hands-off investment opportunity

Description

This rare opportunity presents a fully tenanted, freehold block of five apartments in a prime Preston city centre location, situated next to Preston Train Station. The well-maintained building consists of four two-bedroom and one one-bedroom apartments, all professionally managed and regularly maintained, with a current gross yield of 7.3%. With updated market rents indicating a potential gross yield of 8.42%, this property offers an immediate value-add opportunity without the need for renovation. The location supports exceptionally strong rental demand year-round, making it an attractive investment opportunity for those looking for security, stability, and growth potential in one of Preston's most reliable rental pockets.