Lancashire, United Kingdom

Bishopgate Gardens, Bishopgate, Preston – 1 bedroom apartment for sale in Bishopgate Gardens, Bishopgate, Preston, Lancashire, PR1

Asking price

£110,000

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Key Features

Immediate Cash Flow: Sold fully tenanted, generating £825 pcm (£9,900 per annum)
Luxury Tenant Amenities: High-appeal communal facilities
High Gross Rental Yield: Exceptional 9.0% gross return
Prime Central Location: PR1 postcode within walking distance of Preston Train St
Turn-Key Investment: Modern construction by premier developer The Heaton Group
Preston Regeneration Benefits: Capitalises on the £434m City Deal investment

Property Type: Apartment
Bedrooms: 1
Bathrooms: 1
Size: 425 sq ft 39 sq m
Tenure: Leasehold

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Take A Look Inside Bishopgate Gardens

An outstanding turnkey investment opportunity in the heart of Preston City Centre. This contemporary one-bedroom apartment in the sought-after Bishopgate Gardens development is sold fully tenanted and generating immediate rental income.

Currently let at £825 pcm, the property generates £9,900 in annual rental income, representing a gross yield of 9.0% based on the asking price of £110,000. Built by The Heaton Group, the development combines modern city-centre living with a range of premium resident facilities.
Key features

Tenanted Investment: Currently generating £825 pcm (£9,900 per annum), providing rental income from completion, subject to the existing tenancy.
Strong Gross Yield: 9.0% gross rental yield based on the £110,000 asking price.
Prime Location: Situated in Preston City Centre, close to Preston Train Station, UCLan and local shops, restaurants and commercial hubs
Open-Plan Living: Bright reception and kitchen area featuring contemporary fitted units and integrated appliances.
Modern Interior: Well-proportioned double bedroom, modern tiled bathroom and neutral finishes throughout.
Energy Efficiency: High EPC rating, helping to keep energy costs manageable for tenants.
Resident amenities

24/7 on-site concierge and reception.
Landscaped rooftop terrace with panoramic city views.
Co-working lounge and communal resident areas.
On-site coffee shop, Brew + Bake, located on the ground floor.
Secure entry systems, keycard lift access and CCTV.
Property accommodation

Entrance Hallway: Secure entrance leading to a welcoming hallway with built-in utility and storage space.
Open-Plan Lounge/Kitchen: Spacious, light-filled living area featuring contemporary fitted units, integrated appliances and room for dining and relaxation.
Bedroom: Stylish double bedroom with neutral décor.
Bathroom: Modern three-piece bathroom suite featuring a vanity basin, overhead shower and contemporary tiling.
Investment summary

Purchase Price: £110,000
Current Rental Income: £825 pcm
Annual Rental Income: £9,900
Gross Rental Yield: 9.0%
Viewings

Internal viewings are available by appointment only. Contact us today to arrange a viewing of this tenanted investment opportunity in Preston City Centre.

Key Information

Council Tax: Band: TBC
Parking: Ask agent
Garden: Terrace
Accessibility: Lift access

Leasehold

Ground Rent: £180 per year
Annual Service Charge: £2,738

Jon Cartlidge

Associate Director

Jon looks after our resale properties: completed apartments that are ready to move into or let, plus helping owners sell their own.

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Resales · Completed Properties

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Bishopgate Gardens, Bishopgate, Preston, Lancashire

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About TK Property Group Ltd, Covering Manchester

TK Property Group is an Award Winning property investment specialist in the UK. With over 25 years experience as UK property specialists and private investors, we select only the highest yielding, secure and proven buy-to-let property developments. Specialising in residential buy-to-let investments, we strive to source our clients opportunities to invest in the most profitable and exciting developments that the UK’s hot-spot cities have to offer.

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Disclaimer - Property reference ResalePr. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by TK Property Group Ltd, Covering Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.