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Studio apartment for sale
Canterbury Halls, 2 Garstang Road, Preston, Lancashire PR1
£60,000
Canterbury Halls, 2 Garstang Road, Preston, Lancashire PR1
£60,000
Our Summary
- ** Prime investment opportunity in the University student market**
Description
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This is a prime investment opportunity situated in a vibrant student market, offering a luxury, purpose-built studio apartment that caters to the needs of a student tenant. The property is part of a well-maintained block, built within the last five years, and includes a private study bedroom with an en-suite shower room and a kitchenette. The apartment benefits from communal facilities such as a reception/atrium, cinema room, gym, garden area, rooftop terrace, concierge service, smart laundry service, and cycle storage, all under CCTV surveillance for security. The room is fully furnished with a double bed, Smart TV, fitted wardrobe, study desk, dining table, and chairs, and is equipped with all necessary utilities and high-speed broadband. With a net income of approximately £5000 per annum, a long lease of 125 years, and a service charge/management fee of around 32% of the rental income, this property is an attractive investment for the student market, with a new tenant secured for the academic year 2024-2025. The ground rent is £275 per annum, and the apartment can only be let to students through the management company. For further details, please contact the Kingswood City Office located at Lune St, Preston, PR1 2NL.