1 bed flat for sale

Bishop Gate Gardens, Ormskirk Road PR1

Bishop Gate Gardens, Ormskirk Road, Pr1 1At

Yieldit are pleased to offer to the market this tenanted investment opportunity generating a high 6.5% net yield. Bishop gate Gardens is located in Preston City Centre offering a comfortable and luxurious living experience.

The apartment benefits from open plan living area, high specification kitchen, spacious double bedroom and en suite bathroom. The large windows allow natural light to flood the apartment creating a nice bright inviting atmosphere.

The development benefits from a range of on site amenities such as a communal roof terrace on the eighth floor with breath taking city views, residents lounge, coffee shop, common work space, letting company, barber shop, florist, beauticians and bakery.

Preston is a fantastic city to invest in, it recently beat London as being the UK’s most improved urban area thanks to achieving above-average improvements for health, transport and work-life balance. It’s also the economic hub of Lancashire, boasting unrivalled transport links, a fantastic quality of life and affordable living, in addition to this it's appeal is only set to increase further with over a £1billion of investment planned for the next decade including the 450m City Deal which is set to build on this and create 20,000 new jobs over the next 10 years.

Please note, lettings and management charges may apply.

Financial Breakdown

Gross Rent: £10,740.00
Net income: £7,814.00
Gross yield: 8.26%
Net yield: 6.01%
Please contact agent for full financial breakdown.

Important note to purchasers: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07514