Studio for sale in Garstang Road, Preston PR1

From £59,900
1 1
Interested in this property? Call +44 1952 476892 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Buy-to-let investment opportunity
  • Student Accommodation from £59,900
  • Assured net rental yields of 8% assured for 5 years (less gr 7.6%)
  • Fully Managed
  • 125 year lease

Property description

Detailed Description

Canterbury house student accommodation - studio

* Prime location 5 storey new build student development

* 5 min walk to uclan, next to pub, cinema, 10min walk to town centre

* Medium/High Specification - suited to the Preston student sector

* Roof top garden, cinema room, study room, gym, lounge/games room

* Assured net rental yields of 8% assured for 5 years (less gr 7.6%)

* Interest of 4% paid from exchange through to completion deducted from completion certificate

* Ground Rent: £275 per annum (5 years rpi)

* Service Charge: Included in the management charge and net yield (approx 22%) (student ranges from 20-25%)

* Fully Managed/Hands Off investment by sfm (student facilities Management)

* 125 year lease

* crl 10 year warranty


Specification


* Laminate flooring

* Tiled ensuite bathroom

* microwave, hob, extractor, fridge freezer desk, chair, table and 2 seats, queen bed, wardrobe, kitchen cupboards. (tv’s tbc)

* Broadband and wifi

* Fully managed onsite management team

* Average unit price £66,000

* Average unit size 23m/247sqft


Payment terms


* £5,000 Reservation Deposit

* 50% exchange on deposit (less the £5k res deposit)

* 25% in November 2017

* Remainder on completion less the 4% interest accrual

Floorplan(s): Floor Plan 1

Floor Plan 1 View original

Nearby transport

  • Preston (Lancs) (0.9 miles)
  • Lostock Hall (3.3 miles)
  • Bamber Bridge (3.5 miles)
  • Blackpool International Airport (13.2 miles)
  • Liverpool John Lennon Airport (30.8 miles)
  • Manchester International Airport (33.8 miles)
  • Knott End-On-Sea Ferry Landing (16.2 miles)
  • Fleetwood for Knott End Ferry Landing (16.4 miles)
  • Heysham Ferry Terminal (20.1 miles)

Nearby schools

View all schools in Preston
  • English Martyrs Catholic Primary School, Preston (0.2 miles)
  • Eldon Primary School (0.3 miles)
  • St Ignatius' Catholic Primary School (0.5 miles)
  • Preston College (1.0 mile)
  • Cardinal Newman College (1.1 miles)
  • Alston Hall College (4.9 miles)
  • Abrar Academy (0.0 miles)
  • Moorbrook School (0.5 miles)
  • Moor Park High School and Sixth Form (0.5 miles)
Note: Distance is shown as a straight line measurement

Local info for Preston

About the neighbours in PR1

For more information about this property, please contact
Nu:Move International, TF2 on +44 1952 476892 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Nu:Move International, and do not constitute property particulars. Please contact Nu:Move International for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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