Initial price	£475,000
31/01/24	£445,000
Price Change	-6.32%

A three-story building in the heart of Preston has been converted into three modern apartments, each with 2-3 bedrooms and 3 bathrooms. The property has a current annual rental income of approximately £43,000 and is let on an AST tenancy agreement until July 2024. The building has a mixed use of double glazed windows, gas central heating, and laminate flooring. Each apartment has its own intercom system, spot lights, and a sun room. The property is freehold and the total annual expenses are estimated to be around £5000. The investment is expected to generate a significant return on investment and is suitable for both students and young professionals.