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53-55 Plungington Road, Preston, PR1 7EN

£420,000 Guide Price

Property Features

Property Features

  • 8 Bedrooms (4x En-Suite)
  • Potential to Add Additional Bedroom(s) & En-Suites to First Floor
  • Further Development Potential
  • Basement/Cellar - Potential Development
  • Fully Tenanted
  • Close to University of Central Lancashire
  • Close to Preston City Centre

About this property

Full Details

ATTENTION INVESTORS - We have a fantastic 8 bedroom INVESTMENT OPPORTUNITY situated in a prime location with local amenities, UCLAN and Preston city centre, only a short walk away. The property is being sold with sitting tenants with the current occupancy 7/7.

Set over two storeys of spacious living accommodation (together with a large utility basement which is currently unused - but ripe for development).

The property briefly comprises;

  • Ground floor: entrance hallway leading to access to 4 double bedrooms with en-suites. Communal kitchen. Access to rear internal yard.

  • First floor: access via rear outdoor staircase, 4 large bedrooms (some of which are suitable for splitting in two and adding en-suites for additional income), communal kitchen, living area and communal bathroom.

  • Basement/cellar: Not currently developed.

Current Income:

The property currently achieves a gross rental income, at full occupancy, of an impressive £43,800 p.a.

Potential Development/Growth:

  • Turn the 1st floor bedrooms into 5x en-suite rooms, which would increase the gross income to approximately £51,300 p.a.

  • Develop the basement/cellar.

    TO DISCUSS THIS IN MORE DETAIL AND TO ARRANGE A VIEWING, PLEASE CONTACT CLARKSON HOLDEN ESTATE AGENTS (PRESTON).

Property Features

  • 8 Bedrooms (4x En-Suite)
  • Potential to Add Additional Bedroom(s) & En-Suites to First Floor
  • Further Development Potential
  • Basement/Cellar - Potential Development
  • Fully Tenanted
  • Close to University of Central Lancashire
  • Close to Preston City Centre

Full Details

ATTENTION INVESTORS - We have a fantastic 8 bedroom INVESTMENT OPPORTUNITY situated in a prime location with local amenities, UCLAN and Preston city centre, only a short walk away. The property is being sold with sitting tenants with the current occupancy 7/7.

Set over two storeys of spacious living accommodation (together with a large utility basement which is currently unused - but ripe for development).

The property briefly comprises;

  • Ground floor: entrance hallway leading to access to 4 double bedrooms with en-suites. Communal kitchen. Access to rear internal yard.

  • First floor: access via rear outdoor staircase, 4 large bedrooms (some of which are suitable for splitting in two and adding en-suites for additional income), communal kitchen, living area and communal bathroom.

  • Basement/cellar: Not currently developed.

Current Income:

The property currently achieves a gross rental income, at full occupancy, of an impressive £43,800 p.a.

Potential Development/Growth:

  • Turn the 1st floor bedrooms into 5x en-suite rooms, which would increase the gross income to approximately £51,300 p.a.

  • Develop the basement/cellar.

    TO DISCUSS THIS IN MORE DETAIL AND TO ARRANGE A VIEWING, PLEASE CONTACT CLARKSON HOLDEN ESTATE AGENTS (PRESTON).

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