Brand New City Apartments – 20% Discount
Preston, Lancashire
£70,500 (prices from)

Net
Gross
Finance

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We’re delighted to introduce Winckley House, a stunning brand new investment opportunity exclusive to Assetz, with discounts up to 20%.

Set in the heart of Preston city centre and offering views across the historic Winckley Square, tenants will love the six storey development’s outstanding central location, on the doorstep of the city’s shops and restaurants.

Finished to a fantastic high specification, the luxury apartments feature fully fitted kitchens with oven, hob & extractor, fridge freezer and washer dryer, full tiled bathrooms and carpet and laminated flooring throughout.

With Assetz Assured, our free 100% hands-off service, available on a limited number of units, you get your apartment tenanted by us, 6 months rental assurance, 6 months property management, all the paperwork done and the first years accounts provided, meaning you get all the great returns without any of the work.


Location

 

Preston is a city and the administrative centre of Lancashire, a county with a £25.5 billion economy that supports nearly 650,000 jobs. Equipped with a competitive cost base and good location near to Manchester and Liverpool, Preston is the engine room of Lancashire’s economy and one of the largest local economies in the north of the UK. The region is important to the country’s agricultural, nuclear and advanced manufacturing sectors, with leading local employers including:

UCLAN - THE BIGGEST EMPLOYER IN PRESTON

BAE SYSTEMS - THE FOURTH LARGEST GLOBAL DEFENCE CONTRACTOR

ERIC WRIGHT CONSTRUCTION - A KEY PLAYER IN THE BUILDING INDUSTRY

INBEV - A MULTINATIONAL BREWERY GROUP

EDF & WEST ERLING ELECTRIC COMPANY (FORMERLY BNLF)

LEYLAND TRUCKS - ONE OF BRITAIN’S LEADING MANUFACTURING COMPANIES

Preston has been reinventing itself since 1179 and continues to do so. With the government’s economic strategy using cities to drive regional growth, it received an enormous boost to its economic growth aspirations with the recent announcement of the Preston, South Ribble, and Lancashire City Deal:

£430 MILLION DIRECTLY INVESTED INTO CENTRAL LANCASHIRE

EXPANSION OF TRANSPORT AND BUSINESS INFRASTRUCTURE AROUND PRESTON

CREATION OF 20,000 NEW JOBS AND 17,000 NEW HOMES

STIMULATING A FURTHER £2.3 BILLION WORTH OF LOCAL INVESTMENT

Preparations have already begun to catalyse economic growth in Preston. The building blocks for further growth include:

BAE’S £12.4 MILLION INVESTMENT PROGRAM AT THE LANCASHIRE ENTERPRISE PARK

LANCASHIRE ENTERPRISE ZONE – WILL ATTRACT 13,000 HIGH VALUE JOBS AND BE ONE OF THE LARGEST MANUFACTURING HUBS IN EUROPE

EUROPEAN SOCIAL FUND TRAINING PROGRAMME FOR 4,000 YOUNG LOCAL SME EMPLOYEES

LANCASHIRE GROWTH HUB - A SPECIALIST BUSINESS ADVICE CENTRE

UCLAN’S 36,000 STRONG COMMUNITY OF STUDENTS AND PROFESSIONALS,

CONTRIBUTING £300 MILLION TO THE LOCAL ECONOMY ANNUALLY

These stunning apartments will be complete in February 2018, and are not available anywhere else. Offering high net yields up to 7.1% and with 20% discount, don’t miss out and contact us today to receive the brochure.


Worked Example

1-Bed Apartment
Assetz Price £90,000
Assetz Fee £4,200
Deposit £22,500
Rental Income £600
Mortgage rate & LTV 2.29%* @ 75% LTV
Mortgage Costs £128
Service Charge & Ground Rent £350 + £552
Gross Yield 8%
Net Yield 7%
Return on Investment 18.2%
. *Illustrative rate. Subject to lender's criteria & satisfactory survey.


Key Features

76 luxury high specification apartments
Up to 20% exclusive discount
10 year CRL warranty
Prime city centre location, all city amenities on doorstep
0.4 miles to train station
41 minute commute to Manchester
Perfect for young professional tenants
Stunning views across Winckley Square
In a low rental supply area


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Risk Warning and Disclaimer:

The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.