Fishergate, Preston, Lancashire, PR1 8QF

For Sale by Auction – Terms, Conditions and Fees Apply

An opportunity to acquire a freehold residential investment portfolio comprising three self-contained apartments within Fishergate Court, in the heart of Preston city centre.

The portfolio provides a total of six bedrooms, three reception rooms, three kitchens and three bathrooms, with each apartment operating as a separate residential unit.

The apartments currently generate a combined gross rental income of £37,644 per annum, equivalent to an indicative gross yield of approximately 10.75% based on the £350,000 starting bid.

The property occupies a highly convenient city-centre position within easy reach of Preston Railway Station, the University of Central Lancashire, Fishergate Shopping Centre and a broad selection of shops, cafés, restaurants and local amenities.

With three individual income-producing apartments held under one freehold title, the property may appeal to established landlords, portfolio investors and buyers seeking a centrally located residential investment with immediate rental income.

Prospective purchasers should review the tenancy documentation, legal pack and auction terms before bidding.

Location

The property is situated on Fishergate, one of Preston city centre’s principal commercial and residential thoroughfares.

Nearby destinations include: Preston Railway Station University of Central Lancashire Fishergate Shopping Centre Preston city centre shops and amenities Restaurants, cafés and supermarkets Local bus services and regional transport connections Access to the wider motorway network

Location - Preston City Centre - Preston Railway Station - University of Central Lancashire (UCLan) - Fishergate Shopping Centre - Local cafés, restaurants and supermarkets - Excellent transport and motorway links

Accommodation An opportunity to acquire a freehold residential investment portfolio comprising three self-contained apartments within Fishergate Court, in the heart of Preston city centre.

The portfolio provides a total of six bedrooms, three reception rooms, three kitchens and three bathrooms, with each apartment operating as a separate residential unit.

Income Flat 1 – £997 PCM Flat 2 – £1,100 PCM Flat 3 – £1,040 PCM Gross Annual Rent – £37,644

Tenure Freehold, title number LA663524

Council Tax Band A

EPC Flat 1 - Rating E Flat 2 - Rating D Flat 3 - Rating D

Full reports available on request.

Additional Information For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. 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 to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders 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.

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 or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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.