Property photos
Leasehold
£145,000
(£185/sq. ft)
1 bed flat for sale
Apartment, The Sorting Office, West Cliff, Preston PR11 bed
1 bath
1 reception
786 sq. ft
EPC rating: C
Key Information
Tenure:
Leasehold
Time remaining on lease:
250 years
Service charge:
£1,976 per year
Council tax band:
A
Ground rent:
£350
Ground rent date of next review:
Local area information
Property location
Nearby amenities
- St Stephen's CofE School 0.1 miles
- Preston (Lancs) 0.2 miles
- Imam Muhammad Zakariya School 0.4 miles
- Lostock Hall 2.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
- 1 Bedroom Luxury Apartment
- Minutes From City Centre/Train Station
- Modern bathroom
- Modern kitchen
- Modern Open Lounge/Diner
- No Onward Chain
- Perfect Investment Property
- Private Parking Space
- Rear Blacony
- Potential Net Yield Of Over 8%
Description
This excellent one-bedroom Luxury apartment is in the heart of Preston town centre minutes away from Train Station, shopping malls and University.
This wonderful larger than average and ultra stylish one-bedroom self-contained apartment which occupies a total floor space of around 73m2. The property briefly comprises of; entrance hallway leading to a spacious open-plan lounge/diner and fully fitted kitchen with all appliances included. There is also a spacious double bedroom and extremely modern bathroom. The apartment is located on the Lower ground floor and has its own outside rear balcony with space for off-road parking also included.
The Sorting Office is in an ideal location with Preston growing at an impressive rate - several major investments are underway to improve the area and as a result, the city is on the verge of an economic boom. In particular, the Guild Hall, has received a £10m investment over the past three years, and the Preston Markets have had a £3m revamp, as well as a high street make over.
There's no denying that this bustling, vibrant city is up there with other major players, making it a property hotspot for investors to increase their portfolio of rental properties. This is not an opportunity to be missed.
The annual current rental income is £9,600 which is just under 7% net yield however possible to increase the annual rental income to £12,000 (over 8% Yield).
Council Tax Band: A (Preston City Council)
Tenure: Leasehold (250 years)
Ground Rent: £350 per year
Service Charge: £1,975.78 per year
This excellent one-bedroom Luxury apartment is in the heart of Preston town centre minutes away from Train Station, shopping malls and University.
This wonderful larger than average and ultra stylish one-bedroom self-contained apartment which occupies a total floor space of around 73m2. The property briefly comprises of; entrance hallway leading to a spacious open-plan lounge/diner and fully fitted kitchen with all appliances included. There is also a spacious double bedroom and extremely modern bathroom. The apartment is located on the Lower ground floor and has its own outside rear balcony with space for off-road parking also included.
The Sorting Office is in an ideal location with Preston growing at an impressive rate - several major investments are underway to improve the area and as a result, the city is on the verge of an economic boom. In particular, the Guild Hall, has received a £10m investment over the past three years, and the Preston Markets have had a £3m revamp, as well as a high street make over.
There's no denying that this bustling, vibrant city is up there with other major players, making it a property hotspot for investors to increase their portfolio of rental properties. This is not an opportunity to be missed.
The annual current rental income is £9,600 which is just under 7% net yield however possible to increase the annual rental income to £12,000 (over 8% Yield).
Council Tax Band: A (Preston City Council)
Tenure: Leasehold (250 years)
Ground Rent: £350 per year
Service Charge: £1,975.78 per year
Floor plans and tours
Floor plans (1)
Tours
No virtual tour available
More information
Listed by
North West Homes
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