8 bedroom block of apartments for sale
Key information
Property description & features
- 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
Places of interest
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Property reference f3f22fca-8117-47c6-995e-d3a7056b7629. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Clarkson Holden - Fulwood.
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Broadband availability and predicted speed: obtained from Ofcom on February 1, 2022
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