Back

Property Details

Home

For Sale - Garstang Road, Preston, PR1 - From £59,900

Property photo 1, Garstang Road, Preston, PR1

CANTERBURY HOUSE | STUDENT ACCOMMODATION - STUDIO

* Prime location 5 storey new build student development

* 5 min walk to UCLAN, next to pub, cinema, 10min walk to town centre

* Medium/High Specification – suited to the Preston student sector

* Roof top garden, cinema room, study room, gym, lounge/games room

* Assured net rental yields of 8% assured for 5 years (less GR 7.6%)

* Interest of 4% paid from exchange through to completion deducted from completion certificate

* Ground Rent: £275 per annum (5 years rpi)

* Service Charge: included in the management charge and net yield (approx 22%) (student ranges from 20-25%)

* Fully Managed/Hands Off investment by SFM (student facilities Management)

* 125 year lease

* CRL 10 year warranty

SPECIFICATION

* Laminate flooring

* Tiled ensuite bathroom

* microwave, hob, extractor, fridge freezer desk, chair, table and 2 seats, queen bed, wardrobe, kitchen cupboards. (TV’s tbc)

* Broadband and wifi

* Fully managed onsite management team

* Average unit price £66,000

* Average unit size 23m/247sqft

PAYMENT TERMS

* £5,000 Reservation Deposit

* 50% exchange on deposit (less the £5k res deposit)

* 25% in November 2017

* Remainder on completion less the 4% interest accrual