8 bedroom block of apartments for sale
Key information
Features and description
- Tenure: Freehold
- 8 Bedrooms (4x En Suite)
- Potential to Add Additional Bedroom(s) & En Suites to First Floor
- Further Development Potential
- Basement/Cellar Potential Development
- Fully Tenanted
- Close to University of Central Lancashire
- Close to Preston City Centre
ATTENTION INVESTORS - We have a fantastic 8 bedroom INVESTMENT OPPORTUNITY situated in a prime location with local amenities, UCLAN and Preston city centre, only a short walk away. The property is being sold with sitting tenants with the current occupancy 7/7.
Set over two storeys of spacious living accommodation (together with a large utility basement which is currently unused - but ripe for development).
The property briefly comprises;
Ground floor: entrance hallway leading to access to 4 double bedrooms with en-suites. Communal kitchen. Access to rear internal yard.
First floor: access via rear outdoor staircase, 4 large bedrooms (some of which are suitable for splitting in two and adding en-suites for additional income), communal kitchen, living area and communal bathroom.
Basement/cellar: Not currently developed.
Current Income:
The property currently achieves a gross rental income, at full occupancy, of an impressive £43,800 p.a.
Potential Development/Growth:
Turn the 1st floor bedrooms into 5x en-suite rooms, which would increase the gross income to approximately £51,300 p.a.
Develop the basement/cellar.
TO DISCUSS THIS IN MORE DETAIL AND TO ARRANGE A VIEWING, PLEASE CONTACT CLARKSON HOLDEN ESTATE AGENTS (PRESTON).
EPC Rating: E
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