Studio for sale

Canterbury Halls, 2 Garstang Road, Preston, Lancashire PR1

** Prime investment opportunity in the University student market**
Exquisitley presented student accommodation in this luxury, purpose-built student block. This is a studio student apartment offering everything a student could want: Study bedroom with own Kitchen and shower room.
Income: £142 per week, rising to £146 per week from September .let by the management company (Sept 2024-Sept 2025 let)

This is a beautiful example of a well-maintained studio apartment in a block built just 5 years ago. Offering the student their own study room incorporating a personal shower room and kitchenette, but with access to all communal facilities:

- Reception/Atrium with tea/coffee

- Communal cinema room

- Resident- only Gym

- Garden area

- Rooftop terrace-Seating, views, entertaining

- Concierge service desk

- Smart laundry service

- Cycle store
- CCTV


These rooms come complete with their own kitchenette offering fridge/freezer, microwave, hob and sink.

All rooms feature a double bed, Smart TV, Fitted wardrobe/drawers/study desk, dining table and chairs and include all bills and high speed broadband.

EPC rating = B

New tenant signed for academic year Sept 2024-30th August 2025

Headlease = 125 years

Service charge/Management Fees = Approx 32% of rental income.

Ground rent = £275 per annum

Net Income of around £5000 per annum

can only be let to students via management company.

Please contact Kingswood.

City Office: Lune St, Preston, PR1 2NL


Disclaimer:

These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

Bedroom/Study Area 3.915 x 3.46 (12′10′′ x 11′4′′ )
Ceiling light, Double bed with mattress and protector, fitted wardrobe/study desk/drawers/shelving, office chair, dining table and chairs, electric storage heater, carpet.

Kitchen Area 2.35 x 1.75 (7′9′′ x 5′9′′ )
Ceiling light, wall and base units, stainless steel sink and mixer tap, 2-plate induction hob, integrated microwave and oven, vinyl floor.

Shower 2.26 x 1.50 (7′5′′ x 4′11′′ )
Ceiling light, Shower cubicle with thermostatically control shower, W.C. And sink, vinyl flooring.