Block Of Flats in Preston

£525,000

West Cliff, Preston, PR1 8HX, Preston

Block Of Flats for sale in Preston, West Cliff, Preston, PR1 8HX

West Cliff, Preston, PR1 8HX, Preston

£525,000

Type: Block Of Flats

Description

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 major employers — supports exceptionally strong rental demand year-round.

Whether you're expanding an existing portfolio or looking for a high-performing, hands-off investment, 47 West Cliff offers security, stability and growth potential in one of Preston’s most reliable rental pockets. Early enquiries are encouraged.

 

QUOTE REF SC1283

Location

West Cliff, Preston, PR1 8HX, Preston

Data

Object TypeBlock Of Flats
Purchase Price£525,000
Living Space0 m²
Plot SizeN/A
Bathrooms5
Construction YearN/A
ConditionNot specified
Rooms14

Contact Agent

Listing Agent