For Sale

Preston – City Centre student block fully let for 6 consecutive years

Jazz Bar & Guild Tavern, Preston, PR1 1DL

Offers in excess of £3,550,000

Property Types:
Residential, Student
Sub Type:
Student Accommodation
Tenure:
Freehold

Description

  • Freehold student investment comprising 61 en-suite bed spaces
  • Extensively refurbished and fully let since 2013
  • Rental levels have increased year on year since refurbishment
  • Currently fuly let producing £311,078 (Academic Year 2018/2019)
  • Excellent location in Preston City Centre, a short 10 minute walk from The University of Central Lancashire (UCLAN)
  • Current rent reserved for 2019/2020 Academic Year is £290,250 (only two studios remaining)
  • A guide price offer reflects a gross yield of 8.8% and a price per bed space of £58,200