The subject property is located on Samuel Street and is surrounded by flats and houses of a similar construction. It lies 1.5 miles east of the centre of Preston, Lancashire.
Preston has a good selection of local, national and international retailers along with a wide range of leisure facilities and a very popular university.
Preston hosts a mainline railway station and provides access to the rest of the UK.
The M6 Motorway is located 2 miles east of the property and provides excellent access to the major cities of Liverpool and Manchester.
This flat is located on the third and fourth floor and is accessed via a communal hallway shared with other residents of the block.
A separate internal door provides access to the entrance hallway, which in turn provides access to the large lounge with ample storage and full sized double glazed door to walk on balcony. Also accessed from the hallway is a good sized kitchen with a range of base and eye level units, oven, stainless steel drainer and further useful cupboard space.
Upstairs hosts two good sized bedrooms both with storage, and a bathroom comprising of white three piece suite.
Total 63m2 678ft2
Approx. gross internal floor area.
Lounge 4.55m x 3.99m
Bedroom 1 3.26m x 3.99m
Bedroom 2 3.99m x 2.62m
We understand the property has connections to mains electric, water and drainage.
Leasehold – A 125 year lease came into effect in July 1986 when the property was first built, there is 95 years remaining.
The property can be let on an AST basis at £5685 pa, this represents a gross yield of 18.95%, taking into account the service charge and ground rent the net yield produced is 14.9%
Service Charge and Ground Rent
The current service charge payable is £1206 pa and the ground rent payable is £10 per year.
The property is rated in Council Tax Band A. Council Tax payable (2016/2017) is £1128.88
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
9 Thames House
Off Newhall Lane
✓ Two Bedroom 3rd & 4th Floor Duplex Apartment
✓ Ideally Located
✓ Good Investment Opportunity
✓ Potential Rent of £5685 pa representing a gross yield of 18.95%
✓ Recently double glazed
✓ Recent Biofuel Central Heating Fitted
Phone: 0115 970 6060
Our Ref: PR232