Canterbury Halls, Preston PR1 Studio for sale

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Canterbury Halls, Preston PR1 Studio for sale

Canterbury Halls, Preston PR1
£60,000

Our Summary

  • * Prime investment opportunity in the University student market*Exquisitley presented student accommodation in this luxury, purpose-built student block

Description

This is a prime investment opportunity in the University student market, offering a luxurious, purpose-built student block with a studio apartment available for rent. The apartment features a study bedroom with its own kitchen and shower room, providing everything a student could want. The property is well-maintained and has been built just five years ago, with a range of communal facilities including a reception area, cinema room, gym, garden, rooftop terrace, and concierge service. The apartment comes with a kitchenette, double bed, Smart TV, and high-speed broadband, and all bills are included in the rent. The property has a 125-year headlease, with a service charge and management fee of around 32% of the rental income, and a ground rent of £275 per annum. The net income is around £5,000 per annum, and the property can only be let to students via the management company.