Preston, Lancashire, Excellent modern residential investment

Garside Waddingham

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· Joined: Feb 17, 2011

£850,000

Preston, Lancashire, Excellent modern residential investment

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Preston, Lancashire, Excellent modern residential investment in Preston LAN is a House

1 / 4

Price:

£850,000 Get Prequalified Today

Contact:

01772 883188

Location:

Preston, Lancs

Description:

Excellent modern residential investment of 6 town houses and 4 self contained modern apartments

A traditionally built two storey block of four apartments and six town houses. The properties are substantially constructed in brick under tiled roofs and have double-glazing and gas central heating installed to each unit.
Location
Occupying a main road position in Penwortham, about 2 miles from the city centre of Preston and within easy access of public transport and local facilities.
Accommodation
The accommodation comprises of two apartments on the ground floor and two to the first floor, each with accommodation including hall, living room / kitchen with understairs store, one double bedroom, one single bedroom, bathroom with bath, wash basin and WC, shower over the bath.

A block of 6 town houses each of about 760 sq ft, five of which have three bedroom accommodation as follows:- ground floor entrance hall, lounge with understairs store, dining kitchen with modern units, two double bedrooms, one single bedroom, bathroom with half tiled walls, bath wash basin WC and electric shower. The sixth town house has had the three bedrooms converted to two bedroom accommodation but is otherwise of similar size.
Price
Offers in the region of 850,000
Services
All mains services are connected to the development.
Lettings
Each of the properties is currently let on Assured Shorthold Tenancies. The apartments are let on an average of 95 per week, on the usual terms for this type of contract. The townhouses are let on an average of rental of 110 per week again on normal terms for this type of contract. We are informed that currently the gross income on the properties which are full let is in the order of 54,000 per annum.
Plans and Photographs
Plans and photographs are provided specifically for illustrative purposes and should not therefore be relied upon by interested parties.
Viewing Arrangements
Strictly by appointment with the sole agents namely Garside Waddingham 01772 201117.

These details, whilst believed to be correct, do not form any part of an offer or contract. Purchasers should not rely on them as statements or representation of fact. No person in this firms employment has authority to make or give any representation or warrenty in respect of the property. No appliances or installations have been tested. All measurements are approximate.

Property Type:

Single-Family Houses

Sq feet:

760 sq. ft.

Amenities:

Parking

For sale by:

Agent/Broker

Phone:

01772 883188

Posted:

April 21 2011 on Facebook