Block Of Flats in Preston

Preston, PR1 8HX

Block Of Flats

GBP 525,000

• 9 bedrooms
• 5 bathrooms

Welcome to West Cliff — a rare opportunity to acquire a fully tenanted, freehold block of five apartments in a prime Preston city centre location. Situated immediately next to Preston Train Station, this well-maintained building benefits from exceptional demand from commuters, local professionals and long-term tenants. The block consists of four spacious two-bedroom apartments and one well-proportioned one-bedroom apartment, all of which have been professionally managed and regularly maintained. The current owner has ensured all compliance, safety checks and repair works are consistently up to date, providing complete peace of mind for incoming investors. The property is fully tenanted, producing a current gross yield of 7.3%, with rents that have not been increased for some time. Updated market rents indicate a potential gross yield of approx. 8.42%, offering an immediate value-add opportunity without the need for renovation. Each flat benefits from a practical layout, good natural light and a clean internal condition, contributing to the long-term stability and zero void history of the building. The location — moments from the city centre, UCLan, transport links and…