No longer on the market
This property is no longer on the market
Map6 bedroom house of multiple occupation
Key information
Features and description
- Six-bedroom student pod
- Producing gross rental income of £23,920
- Modern and fully furnished
- In the heart of Preston's city centre
- 112.02 sqm (1,203 sqft)
We are pleased to offer to auction this six-bedroom student pod investment - producing gross rental income of £23,920
This modern, fully furnished six-bedroom student pod is part of a four-storey, purpose-built accommodation located right next to the University of Central Lancashire (UCLan) campus. Situated in Leighton Hall, in the heart of Preston's city centre and just a five-minute walk from UCLan, it offers an ideal location for students to immerse themselves in university life.
The unit spans approximately 112.02 sq m (1,203 sq ft), with rent set at £99 per week per bedroom, inclusive of all utilities except for the TV licence.
The property is 'fractionally owned,' meaning each owner shares the costs and income generated equally, even if some rooms are vacant. Currently, the occupancy rate for Leighton Hall is 85%, ensuring each owner receives a proportional share of the rental income. The flat is presently let to four tenants, with two vacant rooms expected to be occupied by the end of the month.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Leighton Street right next to the University of Central Lancashire (UCLan) campus. Situated in Leighton Hall, in the heart of Preston's city centre and just a five-minute walk from UCLan, it offers an ideal location for students to immerse themselves in university life.
Accommodation
Unit B47 is located on the third floor of this secure, gated development and includes six ensuite bedrooms, each offering a comfortable bed, private bathroom, study desk, and ample storage space. The shared communal area features a fully equipped kitchen with a seating area and television, providing a sociable living environment.
Leighton Hall also offers a range of communal facilities, including a games room, laundry room, reception area, and onsite security. Parking is available at an additional cost. The unit spans approximately 112.02 sq m (1,203 sq ft), with rent set at £99 per week per bedroom, inclusive of all utilities except for the TV licence.
Rental Details
producing gross rental income of £23,920
Tenancy Overview:
· Room A – Occupied
· Room B – Occupied
· Room C – Vacant (to be occupied by the end of the month)
· Room D – Occupied
· Room E – Occupied
· Room F – Vacant (to be occupied by the end of the month)
Tenure
Leasehold. Title number LAN19936.
Date : 8 September 2005
Term : 150 years from 1 January 2005
Council Tax
Band C.
EPC
Available upon request (rating B).
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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