Fishergate Court, Preston, PR1

Full Description

Freehold residential block of apartments, 5 self-contained apartments (4x 1bed, 1x 3bed apartments). plus rentable basement. You can call the office on 01772 953048. Please also complete the enquiry form on this website as all enquiries are responded within 1 hour. This Block comes with £66,000 income per annum with a fully managed service, an Ideal investment opportunity to add to your growing portfolio or begin your property journey from anywhere. This property represents an 12% Gross Yield. with very low maintenance costs and low operational costs. Fully let on Assured shorthold 12-month tenancies to professional tenants, Previously operated as a serviced apartment business that grossed £120k per annum. Fully Managed Investment Package As part of the purchase, the property includes a fully managed investment service, designed for investors who wish to own property remotely without the day-to-day management. For 10 years it includes (for free): • Professional Letting Management – equivalent to a typical letting agent service (normally around 10% management fee). This includes tenant sourcing, tenancy agreements, rent collection, deposit protection, inspections, and handling of any tenancy issues. • Maintenance Management – access to our established local contractor network covering electrical, plumbing, general maintenance, cleaning and locksmith services. All works are coordinated and managed locally on your behalf. • Compliance Management – ensuring the property remains fully compliant with current regulations, including Gas Safety certification, EPC documentation, electrical EICR testing and fire safety requirements. We will put in place all documentation for 10 year period. • Refurbishment & Upgrade Support – should you wish to improve or upgrade the property, our local team can manage refurbishment projects and contractor coordination. The property is currently 100% occupied, with an average letting period of approximately 14 days between tenancies, reflecting strong rental demand in the area. Following completion, investors will receive access to an online management portal containing tenancy information, contracts and compliance documentation. Remote access to the building CCTV system is also available. Investors will also receive a Quarterly Investor Report outlining rental income, maintenance activity and general market updates. The team has been running this building for over 10 years experience delivering residential property management and investment support in the Preston. This Block is next to Preston train station, with trains running to London Euston in 2 hours. The very best location, with major upcoming multi-million-pound investments enhancing its value for decades to come. A very good northern city investment, secured by amazing transport links to London and Edinburgh.