Summary - Flat A9-D Leighton Hall, Leighton Street, Preston, Lancashire, PR1 8RH PR1 8RH
1 bed 1 bath Studio
Assured Shorthold tenancy producing £4,141.65pa; sold at auction.
Fourth-floor studio in purpose-built student block
A fourth-floor student studio in UCLan's Adelphi roundabout village offered at public auction with an Assured Shorthold Tenancy in place. The flat produces £4,141.65 per annum and sits on a long lease with approximately 130 years unexpired. Communal facilities include shared kitchens, breakout spaces and a games room serving the purpose-built block.
The lot is marketed with a guide price of £5,000–£15,000, providing an unusually high gross yield profile for buyers comfortable with auction purchases and student-let stock. There are no internal viewings and the property is sold subject to the existing tenancy; purchasers should review the legal pack prior to bidding.
Material considerations: the building is in a city-centre, student-focused area classified as deprived with very high local crime levels. Broadband speeds are average. This is best suited to an investor experienced in student accommodation and auction transactions who accepts the management and location risks associated with central student housing.
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