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Fishergate Hill, Preston, PR1 Block of apartments for sale
Fishergate Hill, Preston, PR1
£450,000
Fishergate Hill, Preston, PR1
£450,000
Our Summary
- Prime Investment opportunity
- Click Estate Agents are delighted to present this fantastic investment opportunity, featuring a block of 9 apartments, fully let under a lease agreement with a reputable Housing Company
- Investment Summary: Turnkey Investment: The property offers a turnkey investment solution, with no immediate need for refurbishments or improvements, allowing investors to start benefiting from the rental income straight away
- Low Risk: With the lease in place, the risk associated with vacancy and tenant turnover is minimised, offering a low-risk investment opportunity
- This block of 9 apartments presents a rare investment opportunity offering guaranteed income, low-risk, and long-term potential
Description
This investment opportunity presents a block of 9 one-bedroom self-contained apartments in a prime city centre location, fully let on a long-term lease to a reputable Housing Company. The property offers a guaranteed rental income of £48,000 per annum, providing a reliable and stable return for investors. The apartments are modern and well-maintained, with each unit featuring its own kitchen and bathroom facilities, catering to the growing demand for affordable, self-contained accommodation in the area. With a remaining lease of approximately 5 years, investors can enjoy a low-risk and hands-off investment experience, with the Housing Company managing all aspects of tenant occupation. The property's desirable location, close to local amenities, schools, and public transport hubs, ensures high demand for the accommodation and excellent long-term growth potential.