Fishergate Hill, Preston, PR1 8BJ
£550,000
Description
Expected Yield 10% ORI
. Prime Investment opportunity.
. Shops and amenities nearby.
. City centre location.
. 9 one bed self contained apartments.
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.
This well-maintained property offers an exceptional opportunity for investors seeking reliable rental income and long-term capital growth.
Key Features: 9 Apartments: The property comprises self-contained apartments, each offering modern living space with their own kitchen and bathroom facilities.
These apartments cater perfectly to the growing demand for affordable, self-contained accommodation in the area.
Fully Let on Lease: The entire block is currently let on a long-term lease to a Housing Company, providing the investor with a guaranteed rental income. This offers peace of mind with steady returns and minimal landlord involvement.
Guaranteed Income: The lease arrangement ensures a secure and reliable rental income stream, with the Housing Company managing all aspects of tenant occupation. Ideal for a hands-off investor looking for a passive income.
Desirable Location: Situated in a prime area with excellent transport links, the property is close to local amenities, schools, and public transport hubs, making it highly attractive to tenants and ensuring high demand for the accommodation.
Well-Maintained: The property is in good condition and benefits from ongoing maintenance, ensuring minimal future expenditure for the investor.
Long-Term Growth Potential: With increasing demand for affordable housing and studio apartments in the area, this property presents excellent capital appreciation potential over time.
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.
High Rental Yields: The guaranteed rental income from the Housing Company lease ensures attractive returns, making this a highly appealing option for those looking to maximise rental yield.
This block of 9 apartments presents a rare investment opportunity offering guaranteed income, low-risk, and long-term potential. Perfect for investors seeking stable and lucrative rental returns, backed by a secure lease agreement with a Housing Company.
Current Rental Yield is £48,000 pa - Remainder of current lease 5 Years approx.
Don’t miss out on this excellent opportunity. Contact Click Estate Agents today for further details and to arrange a viewing.