Fishergate, Preston, PR1 Block of apartments for sale

Fantastic Investment Opportunity in Preston's City Centre

Click Estate Agents are delighted to present this prime investment property in the heart of Preston’s thriving City Centre.

This versatile property offers a mixed-use commercial and residential opportunity, combining a successful Coffee Shop and Restaurant with three one-bedroom self-contained apartments.

Key Features: Coffee Shop and Restaurant: The ground floor of the property is currently occupied by a trading Coffee Shop and Restaurant, offering a well-established business with a strong customer base. The café benefits from high footfall due to its central location, attracting local residents, office workers, and visitors alike. Its well-designed layout and modern décor create a welcoming atmosphere for diners.

Three One-Bedroom Apartments: Above the commercial unit are three self-contained one-bedroom apartments, each offering comfortable living spaces with modern amenities. These apartments are ideal for both long-term tenants and short-term rental opportunities such as Airbnb, given the property’s proximity to key city centre attractions, transport links, and the University of Central Lancashire (UCLan).

High Yield Potential: The combination of commercial and residential units ensures a steady rental income from both the business and the apartments, offering multiple streams of revenue for investors. The demand for rental accommodation in the city centre is consistently high, further enhancing the property’s income potential.

Location Benefits: City Centre Location: This property is located in Preston’s bustling city centre, providing excellent access to local amenities, including shops, restaurants, and entertainment venues. It’s an ideal spot for both business and residential tenants, ensuring high occupancy rates.

Proximity to Public Transport: The property is within walking distance of Preston Railway Station, offering excellent connections to major cities such as Manchester, London, Liverpool and beyond. There are also numerous bus routes nearby, providing easy access to different parts of Preston and beyond.

University and Business District: With its location close to UCLan and Preston’s business district, the property is attractive to both students and professionals, ensuring a consistent demand for the apartments.

Investment Summary: Dual Income Streams: The property provides two income streams from the commercial unit and the residential apartments, offering a diverse investment opportunity. Turnkey Investment: With an established business in place and ready-to-rent apartments, this is a turnkey investment with the potential to generate immediate income.

Strong Capital Growth: Located in a city with ongoing regeneration projects and infrastructure improvements, the property offers excellent potential for capital growth.

Current Rental Yield: £45,000 Shop Premises Lease 15 Years from 2017. Apartments on Short Term Tenancies

Conclusion: This fantastic mixed-use investment opportunity in Preston’s City Centre is ideal for investors seeking a property with multiple income streams and high yield potential. Whether you are looking to invest in a thriving business or tap into the growing rental market, this property offers significant potential. For more information or to arrange a viewing, contact Click Estate Agents today.

Whether you’re buying a new home, selling or considering letting, Click Estate Agents provide an exceptionally professional service, with that all important personal touch. As an independent owner managed business, we are hands on with the sale or management of any property and this ensures that every customer is a priority. We are proud to have one of the most experienced teams in the area, with over 20 years of experience in the local market and we ensure that our team is on hand 7 days a week. Our comprehensive range of services includes FREE appraisals, sale progression, specialist property lettings management and property auction advice and much more. Although Click Estate agents were established during the economic downturn, we have continued to sell homes regardless of difficulties within the property market. Our straightforward approach is a welcome breath of fresh air to home owners across the area who had given up hope of ever selling through the more traditional type of estate agencies. The agency is structured to keep our overheads low so we can pass on the savings to you the customer. So you won’t find expensive shop fronts and excessive numbers of staff, instead, you’ll find a lean team of focused professionals who know the market inside out ensuring you get the very best value and service. Every client has one point of contact, guaranteeing you get our personal, bespoke approach. Above all, we are passionate about selling property and making sure that our clients are happy at every stage of the process.

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