2 Bedrooms Flat for sale in Cannon Street, Preston PR1 | £ 190,000
Overview
| Price: | £ 190,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | Lancashire |
| Town: | Preston |
| Postcode: | PR1 |
| Address: | Cannon Street, Preston PR1 |
| Bathrooms: | 1 |
| Bedrooms: | 2 |
Property Description
There is only one two-bedroom apartment available at Cannon Street and interest is already high. Large at almost 950 sqft, this is exactly the sort of high quality, city centre accommodation which is in short supply in Preston. Proximity to the train station and all the local shops, bars and restaurants makes this perfect for young professional tenants.
Preston is the next big rental market in the North West. Hundreds of millions of pounds of investment is underway into the transport infrastructure which aims to create more than 17,000 jobs. A growing economy brings with it a growing population, and that means that high quality rental accommodation will become increasingly scarce, especially larger flats like this two-bedroom unit with a private balcony at Cannon Street.
With more than 50 years’ experience in the local area, The Heaton Group is a developer you can trust with your investment. The apartment is let and managed by a professional agent and there has been high tenant interest already.
Availability is extremely limited so please make sure to enquire today for more information about investing in Preston!
Financial Breakdown
Gross rent: £10,740
Ground rent: £250
Service charge: £720
Lettings fees: £859
Net income: £8,911
Gross yield: 5.65%
Net yield: 4.69%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-13232
Property Location
Property Marketed by Yieldit
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