The Exchange, Percy Street, Preston, Lancashire, PR1 1AW

Spacious and well-presented three-bedroom (two bathroom) apartment for sale in the popular Exchange Building in Preston. The apartment, which will be sold with the current tenant in situ represents an excellent investment opportunity for landlords seeking a high yield investment in the Preston area.

Priced at £240,000 and tenanted at £1,700.00 per month, the property is being brought to market at a gross yield of 8.5% - comfortably ahead of both the national and regional averages, in a price bracket that keeps the deposit and stamp duty commitment modest for a buy-to-let purchase.

KEY FINANCIALS Asking price: £240,000 Current rent: £1,700 pcm Gross annual income: £20,400.00 per annum Gross yield: 8.5% Annual service charge - £1,995.00 Annual ground rent - £188.00 Annual net rental income - £18,217.00 Annual NET yield - 7.6%

PROPERTY DETAILS Property type: Three-bedroom (two bathroom) apartment Bedrooms: 3 Tenure: Tenanted - sold with tenant in situ EPC rating: B Postcode: PR1 1AW Local authority: Preston City Council

On-site concierge and reception Gymnasium 197-year leasehold Annual service charge - £1,995.00 per annum Annual ground rent - £188.00

TENANCY AT A GLANCE The property is currently let at £1,700.00 per calendar month, providing an incoming landlord with immediate, uninterrupted rental income and none of the costs or delay associated with sourcing a new tenant, referencing, or redecorating a vacant property. Full tenancy details are available on request. The current tenant is a single professional working in the local area.