Guild Hall Street, Preston, Preston, PR1

For Sale - Leasehold - £85,140

Property photo

1 Bedroom, 1 Reception, 1 Bathroom, Apartment, Leasehold

Red Rooves are delighted to bring this fantastic development to the market. Comprising of 35 High-Specification one bedroom Apartments, located in Preston City Centre. An ideal investment location with strong potential for capital growth.

Preston is the commercial and administrative centre of Lancashire with an excellent transport network that makes it a popular choice for a variety of businesses. The city is undergoing a substantial £434m inward investment programme to create new jobs, grow the economy and improve transport infrastructure. The city is also located on the West Coast Main Line providing great access to the North West of England. The city also contains UCLAN (University of Central Lancashire) which has around 30,000 students. The city’s economy is healthy and diverse, with strong service and high-value manufacturing sectors. Employment growth is expected to be well above average over the next 10 years and many top companies are based here. The city is primed for rapid growth.

Why Preston;
- 8.7% Population Growth
- 5,005 Enterprises in Preston
- 8% Net Investment Yields
- £434m of inward investment has been agreed to create 20,000 new jons across the city

At the Heart of this City is the Thriving Aerospace Industry;
Preston’s dynamic aerospace and hi-tech engineering industry reflects Lancashire’s status as the biggest centre for aerospace production excellence in the UK, with about 140 companies employing 30,000 highly skilled people.

Market Square Redevelopments - Bringing £50m of new investment into the city centre, the plans comprise a new 11 screen cinema with a large format experience screen, seven family resturant units and a new replacement multi-story car park.

Guildhall Development - We are delighted to announce the launch of Guildhall Square, a residential development located in the up-andcoming city of Preston.
Guildhall Square is a complete redevelopment of a former commercial property into high specification one bedroom apartments which have been designed to meet the needs of the growing rental market. The development is located just off Winckley Square, a stunning public park surrounded by Georgian buildings. The central location connects the property with Preston’s travel infrastructure and city centre amenities. Investors will benefit from an 8% NET return guaranteed for 2 years.

The Apartments -
The apartments on offer at Guildhall Square have been designed with the young professional market in mind.
Each apartment will feature a spacious combined kitchen and living area with premium finishes and furnishings to create a truly premium product.
Several key economic developments in Preston have created an increase in demand for central, well-furnished accommodation for young professionals for which the apartments at Guildhall Square are perfectly suited.
The one bedroom apartments at Guildhall will also offer a generously spaced layout consisting of an entrance ahll, integrated kitchen/licing area, bedroom, utility room and bathroom. In addition, varying sizes and layouts are on offer in order to provide a range of options to the local rental market.
The Apartments will offer;
- High-End Design
- Handmade Fitted Kitchens
- Fully integrated Baumatic Appliances
- Flexible storage arrangements
- Luxury Furniture packs (optional)
- En-Suite white bathroom suites with chrome taps and mixers
- Oak Effect flooring in Kitchen
- Carpet in bedroom and living space

Key Details - Price from £70,000 - Average Size - 480 sq/ft - 8% NET Yield Guaranteed for 2 Years.
Strong Capital Growth - Apartment sale prices have increased by 8.2% since mid-2015. The value of the apartments is set to rise substancially more over the next few years.

Purchase Process;
1 - Choose an investment unit to buy
2 - Pay a £2,500 reservation fee
3 - Instruct Solicitors
4 - Transfer 50% of the funds plus furniture pack on exchange (within 28 days of reservation)
5 - Transfer balance minus reservation fee on completion.

Location -
The development’s location is a key selling point for multiple reasons.
Close proximity to Winckley Square gives tenants access to one of the city’s nicest public green spaces and premium restaurants whilst the train station and public shopping districts are highly convenient for travel and city centre living. Guildhall Square will offer a great city living experience.
Distances to Key Locations;
Transport Links;
Preston Train Station (8 minutes - 0.4 miles), Preston Bus Station (10 minute walk - 0.5 miles)
Leisure;
Shopping District (6 minutes walk - 0.3 miles), Harris Museum & Gallary (4 minute walk - 0.2 miles), Preston Marina (15 Minute Drive - 3.6 miles), Preston Sports Club (15 minute walk - 0.8 miles), Guild Hall (6 minutes walk - 0.3 miles)
Universities;
UCLAN (16 minute walk - 0.8 miles)
Other Cities;
Machester (1 Hour Drive - 32.3 Miles)
London (4.5 Hour Drive - 229 Miles)

The development is located on the edge of Preston’s stunning Winckley Square. The square is a picturesque city centre green space.
Established in 1801, Winckley Square is one of the finest examples of a Georgian square in the north. Centred around recently restored gardens and boasting impressive Georgian architecture, Winckley is located just 50 yards from Preston’s main retail district, making it an exclusive residential area within the city centre.
Over time it became Preston’s premier legal and professional quarter accommodating many of the city’s professional and financial services firms whilst also remaining a strong residential community. The north of the square consists of historic and modern buildings which now fulfill both commercial and retail applications.
This area also boasts a number of high quality restaurants and wine bars which will be readily accessible to Guildhall Square tenants. The Winckley Square area has the potential to act as a catalyst to a new wave of city living which will support Preston to provide a better range of residential units both new and modern. Scope exists for quality conversions from office to residential. This is definitely one of Preston’s most attractive residential locations.


Guildall Square Guildall Square Guildall Square Guildall Square Entrance Hall Hallways Apartment Entrance Living Area / Kitchen Bedroom Bedroom Shower Room External
Floor Plan 1
Branch Address
11-13 Hanover Buildings
Hanover St
Liverpool
L1 3DN
Contact
A: Red Rooves Limited
T: 01513742701
E: contactus@redrooves.co.uk
Reference: REDRO_000496
IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further enquiries to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.