1 bed flat for sale

Cross Street, Preston PR1

Summary

Attention Investors! Cash buyers only!

Unlock A Smart Investment Opportunity - Prime Winckley Square Location!

Just around the corner from Preston's most desirable square, this sleek one-bedroom apartment combines the best of both worlds: Georgian curb appeal with modern efficiency.

Why This Property Works for Investors:

Prime Location: A short walk to Preston's station, with everything you need at your doorstep. Professionals and students flock to this city-centre spot for its unbeatable convenience.

Georgian Charm, Modern Comfort: Enjoy the timeless beauty of the Georgian architecture from the outside, with none of the hassleno draughty sash windows or costly upkeep inside.

Turnkey Ready: Freshly converted in 2020 from high-quality offices, this apartment is modern, clean, and perfect for letting. Long lease already in place purchase and start earning.

What's Inside:

Bright & Open-Plan: Spacious living area with laminate flooring, perfect for both lounging and entertaining.

Modern Kitchen: Fitted with everything needed for easy living.

Double Bedroom: Cozy carpeted space, ideal for tenants or guests.

Clean, Tiled Bathroom: Features a three-piece suite with shower over the bath.

Extra Storage: Keep clutter at bay with a separate hallway storage cupboard.

A Dual-Option Investment:

Long-term rental: Secure reliable income with an estimated 725 pcm.

Short-term let: Maximize your returns with potential weekly rates of up to 725.

Whether you're renting to professionals, students, or short-stay guests, this modern, low-maintenance apartment guarantees a flexible income stream in a sought-after location.

Offered for Sale:

Offers Over 70,000

Don't miss your chance to view this incredible investment opportunity.

Why Wait?

Demand from both long-term tenants and short-term Airbnb guests far exceeds supply, making this a low-hassle, high-yield investment that works from day one.

Seize the opportunity to own a prime property in the heart of Preston's vibrant city centre.

Please note the photos show the property in a vacant condition

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 143
Annual Ground Rent Amount: 450.00
Annual Service Charge Amount: 1,427.00

Bedroom

Bedroom

3.55 x 3.32m

Kitchen

Kitchen

6.04 x 3.10m

Bathroom

Bathroom

2.49 x 1.98m

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.