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Fishergate, Preston, PR1 Block of apartments for sale

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Fishergate, Preston, PR1 Block of apartments for sale

Fishergate, Preston, PR1
£450,000

Our Summary

  • Fantastic Investment Opportunity in Preston's City Centre
  • 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
  • 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

Description

This fantastic investment opportunity in Preston's city centre offers a unique mixed-use property, combining a successful coffee shop and restaurant with three one-bedroom self-contained apartments. The property benefits from a prime location in the heart of the city, with high footfall and proximity to public transport links, the University of Central Lancashire, and the business district. The coffee shop and restaurant provide a well-established business with a strong customer base, while the apartments offer a steady rental income from both long-term tenants and short-term rental opportunities. The property provides two income streams, with a current rental yield of £45,000 from the shop premises and apartments on short-term tenancies. With ongoing regeneration projects and infrastructure improvements in the city, this property offers excellent potential for capital growth, making it an attractive investment opportunity for those seeking a turnkey investment with immediate income potential.