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Student Accommodation in Preston

Preston, Lancashire, England

  • Freehold Price: £649,995
Seller Reference: s-1026
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Business Description
 
 
 
 
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Seller Reference: s-1026
Request Details
Business Description
Introduction

Simphi are delighted to welcome onto the market this extremely large property in the city of Preston. Located superbly on a main road with easy links to the M6 and M55 motorways, this property can be fantastic for either residential or commercial use.

With the University of Central Lancashire only a stone’s throw away, our clients have cleverly converted the once derelict property in a 21-bedroom student accommodation to accumulate a steady income over the years.

Location

Sitting conveniently in the middle of the city centre and only walking distance from the University, the property attracts students and applications for student residency throughout the year. Other student accommodations are also present nearby making this a highly sought-after residency.

Prestons’ main shopping precinct ‘Fishergate Shopping Centre’ is opportunely located within walking distance as is the main train station. The positioning of the property is highly appropriate for its’ current use and will always attract students for residency as well as investors and developers hoping for a slice of the residual income.

A major link way, most notably the A59 runs parallel to the property allowing the ease of access in and out of the city.
Preston is only a 30 minute drive from the neighbouring city of Manchester, further enhancing its’ popularity.

Premises

This property must be viewed to fully appreciate its size and potential.
The property currently has 21 bedrooms, each fitted with their own wash basins and double glazed windows with enhanced safety features. There is the potential to increase the capacity for the new owner should they wish to do so. A third floor in the main building remains undeveloped and therefore uninhabited.

**FLOOR PLAN AVAILABLE**

Tenure
This is a Freehold sale only.

Future Potential

Due to the size of the property, there can be multiple uses for the new buyer.
• Student Accommodation (current use)
• Bed and Breakfast
• Residential home
• Children’s Nursery
• Rental Accommodation
• Flats
• Nursing or Care home
• Offices

In summary we believe an opportunity has arisen for an investor or developer to purchase this property in an ideal city centre location. With a little bit of modernisation, this property has the potential to further flourish and continue to attract students throughout the year thus generating a constant stream of income.
We highly recommend a viewing of the property, both internally and externally to fully appreciate its size, potential and existing use.
Tenure:
Freehold
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