1 bed flat for sale

Bishopgate, Preston PR1

An outstanding turnkey investment opportunity in the heart of Preston City Centre. This contemporary one-bedroom apartment in the sought-after Bishopgate Gardens development is sold fully tenanted and generating immediate rental income.

Currently let at £825 pcm, the property generates £9,900 in annual rental income, representing a gross yield of 9.0% based on the asking price of £110,000. Built by The Heaton Group, the development combines modern city-centre living with a range of premium resident facilities.
Key features

Tenanted Investment: Currently generating £825 pcm (£9,900 per annum), providing rental income from completion, subject to the existing tenancy.
Strong Gross Yield: 9.0% gross rental yield based on the £110,000 asking price.
Prime Location: Situated in Preston City Centre, close to Preston Train Station, UCLan and local shops, restaurants and commercial hubs
Open-Plan Living: Bright reception and kitchen area featuring contemporary fitted units and integrated appliances.
Modern Interior: Well-proportioned double bedroom, modern tiled bathroom and neutral finishes throughout.
Energy Efficiency: High EPC rating, helping to keep energy costs manageable for tenants.
Resident amenities

24/7 on-site concierge and reception.
Landscaped rooftop terrace with panoramic city views.
Co-working lounge and communal resident areas.
On-site coffee shop, Brew + Bake, located on the ground floor.
Secure entry systems, keycard lift access and CCTV.
Property accommodation

Entrance Hallway: Secure entrance leading to a welcoming hallway with built-in utility and storage space.
Open-Plan Lounge/Kitchen: Spacious, light-filled living area featuring contemporary fitted units, integrated appliances and room for dining and relaxation.
Bedroom: Stylish double bedroom with neutral décor.
Bathroom: Modern three-piece bathroom suite featuring a vanity basin, overhead shower and contemporary tiling.
Investment summary

Purchase Price: £110,000
Current Rental Income: £825 pcm
Annual Rental Income: £9,900
Gross Rental Yield: 9.0%
Viewings

Internal viewings are available by appointment only. Contact us today to arrange a viewing of this tenanted investment opportunity in Preston City Centre.