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Bishopgate Gardens, Preston From £110,000 Cash or Mortgage

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INVESTMENT OVERVIEW

Residential Investment:

Preston was ranked

best city to live in

the North West in 2019.

Bishopgate Gardens is a brand new  renovation project.  Originally a 1970’s office block transformed into 130 stunning one and two bedroom luxury apartments.

An investors dream, offering a surprisingly low price point with a high projected net annual yield, due to its prime city centre location and its high specification interiors, impressive communal spaces and wide range of facilities and services.

Bishopgate Gardens also sits between two of Preston’s regeneration projects;  the new £5million Market Halls and a Cinema & Restaurant Complex.

Market Overview

Preston

REGENERATION

Local projects = £125m

ECONOMY £7.4b

£25m invested in new business

UNIVERSITY

£200m invested into universities

Preston is one of the most up-and-coming areas of the UK with significant investment being put into the restoration, redevelopment and improvement of the city centre and surrounding areas.

Preston is the third largest city in the North West, and the largest in its county of Lancashire, following the award of city status in 2003.  It is a confident, welcoming city to business, and regularly performs well in PricewaterhouseCooper’s Good Growth for Cities Index.

Manchester is a 50-minute train journey, making it a sensible commute. Preston is also in close proximity to both Blackpool, Southport & The Lake District.

Project


Types
Apartments
Bedrooms
One & Two bedrooms
Price
From £110,000
Completion
September 2021
Planning
Residential
Amenities
Concierge
Facilities
Roof-top garden, & lounge
Retail
Cafe, Deli, florist,
Services
Barber's & beauty salon

Investment


Rental
Long-term let
Est. Return %
7% p.a. gross
Reservation Fee
£5,000
Payment Plan
Staged (cash buyer)
Mortgageable
Yes
Mortgage Plan
20% Exc. / 80% Completion
SDLT
Yes
Fully Manged
Yes
Solicitor
yes

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