Map6 bedroom property for sale
Key information
Features and description
- Tenure: Leasehold
- Six bedroom student pod
- Producing gross rental income of £23,920
- Modern and fully furnished
- In the heart of Preston's city centre
- 112.02 sqm (1,203 sqft)
We are pleased to offer to auction this six-bedroom student pod investment - producing gross rental income of £23,920
This modern, fully furnished six-bedroom student pod is part of a four-storey, purpose-built accommodation located right next to the University of Central Lancashire (UCLan) campus. Situated in Leighton Hall, in the heart of Preston's city centre and just a five-minute walk from UCLan, it offers an ideal location for students to immerse themselves in university life.
The unit spans approximately 112.02 sq m (1,203 sq ft), with rent set at £99 per week per bedroom, inclusive of all utilities except for the TV licence.
The property is 'fractionally owned,' meaning each owner shares the costs and income generated equally, even if some rooms are vacant. Currently, the occupancy rate for Leighton Hall is 85%, ensuring each owner receives a proportional share of the rental income. The flat is presently let to four tenants, with two vacant rooms expected to be occupied by the end of the month.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Leighton Street right next to the University of Central Lancashire (UCLan) campus. Situated in Leighton Hall, in the heart of Preston's city centre and just a five-minute walk from UCLan, it offers an ideal location for students to immerse themselves in university life.
Accommodation
Unit B47 is located on the third floor of this secure, gated development and includes six ensuite bedrooms, each offering a comfortable bed, private bathroom, study desk, and ample storage space. The shared communal area features a fully equipped kitchen with a seating area and television, providing a sociable living environment.
Leighton Hall also offers a range of communal facilities, including a games room, laundry room, reception area, and onsite security. Parking is available at an additional cost. The unit spans approximately 112.02 sq m (1,203 sq ft), with rent set at £99 per week per bedroom, inclusive of all utilities except for the TV licence.
Rental Details
producing gross rental income of £23,920
Tenancy Overview:
· Room A – Occupied
· Room B – Occupied
· Room C – Vacant (to be occupied by the end of the month)
· Room D – Occupied
· Room E – Occupied
· Room F – Vacant (to be occupied by the end of the month)
Tenure
Leasehold. Title number LAN19936.
Date : 8 September 2005
Term : 150 years from 1 January 2005
Council Tax
Band C.
EPC
Available upon request (rating B).
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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