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8 Bank Parade, Preston, PR1 1 bed apartment for sale
8 Bank Parade, Preston PR1
£68,000
8 Bank Parade, Preston PR1
£68,000
Our Summary
- Some Refurbishment required
- Option 1: Purchase as part of a package- This one-bedroom apartment + 2nd 1-bedroom apartment + studio apartment + the freehold/Basement/Under ground passage to garden/360 ft garden (needs developing)
- We believe the rental income for the 3 apartments could be around £1750 pcm after some refurbishment
- Or all 3 could be developed into 1 Apartment
Description
This is a unique investment opportunity in a prime location, offering a one-bedroom apartment that can be purchased as part of a package or individually. The package includes a freehold and a 360-foot garden, which can be developed, and three apartments that could generate a combined rental income of £1,750 per month after refurbishment. Alternatively, each apartment can be purchased separately, with prices ranging from £38,000 to £68,000. The freehold and garden can also be purchased separately for £25,000. The apartments are leasehold with a 999-year lease and no ground rent, and the council tax band is A. The EPC rating is E.