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Studio apartment for sale
Canterbury Halls, 2 Garstang Road, Preston, Lancashire, PR1
£53,000
Canterbury Halls, 2 Garstang Road, Preston, Lancashire, PR1
£53,000
Our Summary
- ***PRICE REDUCTION***** Prime investment opportunity in the University student market**Exquisitley presented student accommodation in this luxury, purpose-built student block
- Ideal Investment Opportunity
Description
This is a luxury student accommodation studio apartment located in a purpose-built block, built just 5 years ago. The property features a study bedroom with its own kitchenette, shower room, and access to communal facilities such as a reception area, cinema room, gym, garden, rooftop terrace, concierge service, smart laundry, and cycle store. The apartment comes fully furnished with a double bed, Smart TV, wardrobe, desk, and dining table and chairs, and includes all bills and high-speed broadband. The property is currently let to a student until September 2025 and generates a net income of around £4043 per annum. The headlease is 125 years, and the service charge and management fees are approximately 32% of the rental income, with a ground rent of £275 per annum.