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Living Area
One Bedroom
Studio
Two Bedroom
External
Living Area
One Bedroom
Studio
Two Bedroom

Refurbishment into a four-storey development

Range of studios, one, two and three bedroom apartments

Fantastic opportunity for both investors and owner occupiers

Located in a high rental demand area

Designed to attract young professionals

Only 30% deposit needed over entire build period

Upmarket Winckley Square conservation area

Just 50 yeards from Preston's main retail district

Price's from £65,000

Located in the heart of Preston City Centre

Red Rooves Limited are excited to bring to the market this fantastic residential opportunity located in the conservation area of Winckley Square, Preston.

Guild House is a 4-storey refurbishment development ranging of studios, 1, 2 & 3-bedroom apartments. It is located in the heart of Preston City Centre and the development is designed with white gloss kitchens and integrated appliances. The apartments are located within a high demand rental area and designed to attract young professionals within the city centre.
This is a fantastic opportunity for investors to own an apartment on the stunning Georgian Winckley Square. Apartments in this area are always in high demand from corporate and professional tenants. The development is situated just a five-minute walk from the train station (35 minutes to Manchester), award-winning Miller Gardens and the city centre, with its huge selection of bars, restaurants and shops. Centred around open gardens, the square is home to some impressive Georgian architecture and is just 50 yards from Preston's main retail district.
Established in 1801 as an exclusive residential area of the city, over time it became the premier legal and professional quarter accommodating many of the city's professional and financial services firms, whilst also remaining a strong residential community.
Attractive architectural properties offer the potential for further investment and a wider range of uses, in particular residential.

Situated north of Manchester, Preston is home to UCLAN (University of Central Lancashire) which brings around 30,000 students to the city. One of the UK's biggest universities (6th in the UK), UCLan has a distinguished global reputation. And two years ago, in 2015, the Centre for World University Rankings placed UCLan in the top 3.8 percent of all worldwide universities.
One of the city's biggest achievements is the Preston and Lancashire City Deal. This is a landmark agreement to achieve a transformation of the area, creating thousands of new jobs and homes. A total £434m new investment is pledged, 20,000 new jobs are forecast, and 17,420 new homes will be created.
The deal will provide a huge boost to the local economy, which is expected to grow by £1 billion over the next ten years. The Masterplan pushes Preston as key destination within the northern powerhouse developments prior to the arrival of the planned HS2 network in the city which would see prices and investment jump on again.
Connected to 4 major motorways and rail networks. Located just 1 hour from Manchester and just over 2 hours to London. A £1.5 million upgrade of the station is currently taking place with a new station entrance and concourse. Further investment includes the electrification of the Preston to Manchester via Bolton line and the proposed HS2 Hub Station.
Number 1 in the UK for both advanced manufacturing and aerospace with 500 aerospace supply chain companies; the areas is home to the 4th largest aerospace cluster in the world. Home to 50,000 businesses generating £28 billion per year. Second largest GVA increase between 2014 and 2015.
According to the Centre for World University Rankings 2016 UCLan is estimated to be amongst the top 3.7% of all worldwide universities. It is also ranked at 924 among the 25,000+ degree-granting institutions of higher education worldwide. It is the highest position ever achieved by the University in the CWUR rankings and is up from inclusion in the estimated top 3.8% last year.

£434million Investment in Lancashire & Preston Economy is expected to grow by £1 billion over the next ten years, generating 20,000 new jobs and 17,420 new homes. The City Centre regeneration is a £50 million scheme which is underway with the building of a new indoor market hall and resurfacing works under the restored 1875 Covered Market canopy and Box Market under the restored 1920s Fish Market canopy. A cinema led leisure scheme with an array of high class and major national restaurants will be built next to the new market hall on the site of the existing indoor market.

Development facts:
* Completion expected September 2018
* Apartments unfurnished with white gloss integrated appliances
* Lease is 150 years
* Ground rent £350 per annum
* Service charge £1 per square foot per annum
* Up to 7% estimated net rental yield

Purchasing process:
1. Reservation fee £1,000 (non-refundable)
2. 30% on exchange
3. Full amount on completion

Important Notice to Purchasers:
* We endeavour to make our sales fair, accurate and reliable but these are only a general guide and they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or facts. We do not guarantee or test any services, systems or appliances listed in the specification as to their operating or efficiency ability, we therefore strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase. All measurements that are stated are only intended as guidance only and are not precise, you should therefore verify the dimensions carefully before ordering any built-in furniture, carpets or laminates.
* Intending purchasers please note that you will be asked to produce some identification documentation at a later stage as part of the anti-money laundering regulations, we therefore please ask for your co-operation in this matter so that there will be no delays in agreeing a sale for the property.
* The information issued is in good faith but does not constitute representations of fact or form part of any offer or contract. The matters referred to in this article should be independently verified by prospective buyers. Neither Red Rooves Limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property. Your home is at risk if you do not keep up repayments on a mortgage or other loans secured against it.
* We make no representation or warranty of any kind with regards to the information contained in this article and none of the information should be treated as financial advice. The information is not an invitation to invest and you must rely entirely on your own investigations and due diligence before deciding to invest. Any opinions expressed in this article are not statements of fact.

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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 specific enquires 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.