West Cliff, Preston PR1 9 bed block of apartments for sale

>

West Cliff, Preston PR1 9 bed block of apartments for sale

West Cliff, Preston PR1
£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 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 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. The location, moments from the city centre, UCLan, transport links and major employers, supports exceptionally strong rental demand year-round, making it an attractive option for investors seeking security, stability and growth potential.