Studio for sale

Lunar House, Preston PR1

Lunar House, Preston, Pr1 2Nl

This spacious studio apartment, located in the heart of Preston, is an excellent opportunity for young professionals, students, and property investors alike. Situated just moments from Preston Train Station, Lunar House offers superb connectivity, making it an attractive choice for commuters travelling to Manchester and other major cities across the North West.

Lunar House comprises 20 generously sized apartments and benefits from a prime central location, with easy access to local shops, amenities, the University of Central Lancashire (UCLan), and excellent transport links.

Preston is a city on the rise, with significant investment and regeneration projects driving economic growth and increasing demand for high-quality residential accommodation. Recent developments include a £10 million investment in the Guild Hall and a £3 million redevelopment of Preston Markets, alongside extensive improvements to the city centre and high street.

Recognised as one of the best places to live and work in the North West by the Good Growth for Cities Index, Preston continues to attract residents, businesses, and investors. This sustained growth has contributed to rising demand for modern rental properties and strong investment potential.

With its vibrant city centre, ongoing regeneration, excellent transport connections, and growing rental market, Preston is rapidly establishing itself as one of the region's leading property hotspots. Whether you are looking to expand your investment portfolio or secure a high-demand rental property, this is an opportunity not to be missed.

Financial Breakdown

Gross Rent: £6,900.00
Net income: £3,782.20
Gross yield: 14.68%
Net yield: 8.05%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08570