Available for purchase now is this great investment opportunity in Preston's ever growing student population. Located within walking distance of the University, Cantebury Hall is rented out with waiting lists for all units!
The property is a studio flat of approx. 22m2 of accommodation with a kitchenette, living/bedroom space and a shower room.
Communally there is a beautiful roof terrace, atrium, entertainment room, gym, garden courtyard, laundry room, quiet study room and a concierge desk.
Expected finances for academic year 24/25
Gross rental income £7592
Gross yield % 10.8%
Ground rent and service charge £3377.80
Net income £4214.20
Net yield % 6.02
Tenure: Leasehold, Service charge description: Payable every 3 months, Length of lease (remaining): 119 years 5 months,