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

Welcome to West Cliff, a rare opportunity to acquire a fully tenanted, freehold block of five apartments in a prime Preston city centre location. The property benefits from exceptional demand from commuters, local professionals, and long-term tenants, thanks to its proximity to Preston Train Station and major employers. The block consists of four spacious two-bedroom apartments and one well-proportioned one-bedroom apartment, all of which have been professionally managed and regularly maintained. The current owner has ensured all compliance, safety checks, and repair works are consistently up to date, providing complete peace of mind for incoming investors. The property is fully tenanted, producing a current gross yield of 7.3%, with rents that have not been increased for some time, offering an immediate value-add opportunity without the need for renovation.