This property is no longer on the market
1 bedroom apartment
Key information
Property description & features
- UNIQUE APARTMENT
- MODERN CONVERSION
- SECURE DEVELOPMENT
- ABUNDANCE OF NEARBY AMENITIES
- HIGH SPECIFICATIONS THROUGHOUT
- GROSS YIELD 6.6%
- PRIME LOCATION
- CITY FACING VIEWS
- TENANT IN SITU
The Preston is a fantastic investment opportunity due to its prime location. Generating a rent of £825 pcm, and a net yield of 5.9%. It has a high tenancy demand too, as the development boasts quick transport links into the city and offers an abundance of nearby amenities, further adding to the notion that The Preston is a perfect investment opportunity. The development strikes an attractive balance between downtown convenience and residential tranquillity. With low service charge and ground rent, this presents as an unmissable opportunity for investors.
LOCATION
The Preston is perfectly located in the sought-after Knowledge Quarter of Leeds, a highly desirable location for potential tenants. Its close proximity to the city centre and Leeds' top employers make the area especially popular with professionals. The numerous schools near to The Preston and the surrounding areas also make this location ideal for families. There are a number of new developments around the area, making the property highly desirable as more amenities are opening nearby.
LEASEHOLD
This property has 248 years remaining on the lease, with service charge of £908 per annum and ground rent charge of £125 per annum.
PROPERTY HIGHLIGHTS
TENANT IN SITU
EXCELLENT LOCATION
ABUNDANCE OF NEARBY AMENITIES
INCREDIBLE INVESTMENT
HIGH SPECIFICATION
ONE OF THE TOP UNITS IN THE ENTIRE DEVELOPMENT
FULLY FURNISHED
FOR MORE INFORMATION, CONTACT NORTH PROPERTY GROUP TODAY
North Property Group is an independently owned sales, lettings and property agency with more than 20 years of experience. We work exclusively for the benefit of our clients to help you buy, sell, let or rent the best properties across the UK.
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Property reference 102866008140. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by North Property Group - Leeds.
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Broadband availability and predicted speed: obtained from Ofcom on January 11, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 11, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on January 27, 2021 from 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.
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