Initial price	£78,000
03/05/24	£70,000
18/06/24	£65,000
Price Change	-16.67%

--- This property is a prime investment opportunity for the university student market, offering a luxury, purpose-built student studio apartment that is expertly presented and managed by a professional company. The apartment is equipped with a modern kitchenette, a private shower room, and is part of a block that boasts a comprehensive range of communal facilities, including a reception/atrium, cinema room, gym, garden area, rooftop terrace, concierge service, smart laundry, cycle store, and CCTV security. The room is fully furnished with a double bed, smart TV, fitted wardrobe, study desk, and dining table, and includes all bills and high-speed broadband. With a new tenant secured for the academic year 2024-2025, this property offers a net income of over £5000 per annum and is subject to a 125-year headlease with a ground rent of £275 per annum. The service charge and management fees are approximately 32% of the rental income, and the property is restricted to student tenants managed by the company, ensuring a consistent and targeted rental market. The EPC rating is C, and the property is conveniently located for students attending universities in the area. For further information or to arrange a viewing, please contact the Kingswood City Office in Preston.