1 bed flat for sale

Jubilee Court, Fylde Road PR1

Tenure: Leasehold

Taylors Estates are delighted to bring to the market two studio flats in the popular student accommodation development Jubilee Court, located on Fylde Road in Preston City Centre. The units are being sold together as a portfolio, and are a great investment opportunity for anyone looking to get into the thriving student market in Preston.

Internally, both apartments are spacious and benefit from a great amount of natural light. They briefly comprise of a double bed, desk, small sofa/armchair, built in wardrobe, and fitted kitchen with a small fridge/freezer, microwave, and a small hob with overhead extractor fan. There is also a bathroom which has a shower cubicle, sink and toilet.

Both are located in Block 1 of Jubilee Court, one on the first floor and one on the second floor. The unit on the first floor is currently tenanted with a net annual income of £7392.03, when both flats are tenanted this net income rises to £12,508 per annum representing an 11.4% yield.

All the apartments are managed by an in-house letting agency.

*Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

*Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

*Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.