This excellent studio apartment located in the heart of Preston is ideal for young professionals and students alike. It’s position near the train station means that Lunar House is not only appealing to the Preston rental market but is also perfect for those commuting to other cities in the North West, including Manchester.
Lunar House is comprised of 20 large apartments and is centrally located close to shops and amenities, the university and the train station.
Preston is growing, With a number of major investments underway to improve the area, Preston is on the verge of an economic boom. In particular, the Guild Hall, has received a £10m investment over the past three years, while the Preston Markets have had a £3m revamp, as well as a high street make over.
With the area already named the best city to live and work in the North West in the Good Growth for Cities Index by Demos-PwC it is no surprise why the demand for luxury apartments in the area has increased.
There’s no denying that this bustling, vibrant city is up there with other major players, making it a property hotspot for investors to increase their portfolio of rental properties. This is not an opportunity to be missed.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Gross rent: £5,400 Ground rent: £200 Service charge: £730 Lettings fees: £540 Net income: £3,930 Gross yield: 9.82% Net yield: 7.15%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period. 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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.