PR1 APARTMENTS
PRESTON
INTRODUCTION
Guildhall Gardens is the latest edition to the booming Preston rental market. This highquality residential conversion in the affluent PR1 postcode district will provide 35 self-contained, 1-bedroom apartments in the heart of the city centre that will help combat the ever-increasing tenant demand in the city. Preston is a city on the up, with numerous regeneration projects transforming the city and creating countless employment opportunities. This increase in opportunities has seen an influx of young professionals moving to the city in need of high-quality rental properties. Guildhall Gardens will address the current shortfall of available rental properties in Preston and offer an extremely prosperous investment opportunity.
60%
House prices in Preston have increased by 60% in the last 10 years (Foxtons, 2022)
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* The images provided in this document are intended as a guide and could be subject to change.
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INVESTMENT HIGHLIGHTS
Prices from just £115,495 Prime city centre location PR1 postcode district Stunning conversion Planning already secured Secure bicycle storage Parking available Excellent transport links to Liverpool and Manchester Lettings and management in place
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* The images provided in this document are intended as a guide and could be subject to change.
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LOCATION & TRANSPORT LINKS
University of Central Lancashire
Harris Museum Gallery & Libr St George’s Shopping Centre
Fishergate Shopping Centre Preston Train Station
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Wickley Square
Preston Bus Station
m, Art rary
Guildhall Gardens benefits from a truly excellent location in the PR1 postcode district in the heart of Preston. Key amenities, transport links and outdoor spaces are all within walking distance from the development.
Nearby locations: Winckley Square (0.1 miles)
Preston Guild Hall
Harris Museuam, Art Gallery & Library (0.2 miles) St George’s Shopping Centre (0.3 miles) Preston Guild Hall (0.3 miles) Avenham Park (0.3 miles) Preston Train Station (0.5 miles) Fishergate Shopping Centre (0.5 miles) St Johns Shopping Centre (0.4 miles) Fishwick Local Nature Reserve (1.1 miles)
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Manchester Piccadilly Train Station is only 36 minutes from Preston
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FLOOR PLANS
LOWER GROUND FLOOR
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* All plans are based on concepts provided by the developer, are indicative only and are subject to change.
GROUND FLOOR
FIRST FLOOR
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FLOOR PLANS
SECOND FLOOR
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* All plans are based on concepts provided by the developer, are indicative only and are subject to change.
THIRD FLOOR
FAQ’s
What is the address of the site? 58-60 Guildhall Street, Preston, PR1 3NU
Is it a new build or a refurbished development? A refurbished office building.
How much are the apartments? Apartments start from £115,495
How much is the ground rent? £150 per annum
Is there a management company in place? Yes, Xenia Estates is the nominated lettings and management company
Who is the developer? Sinergy Group
Who is the contractor? Kings Facilities
Are there any restrictions if I want to sell? No, Guildhall Gardens is a residential development and your apartment can be sold on the open market after practical completion
Am I buying freehold or leasehold? 250-year leasehold
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PRESTON PROPERTY MARKET
Preston has blossomed in recent years into a true buy-to-let hotspot. The city benefits from a young and growing population looking to capitalise on both the excellent opportunities on offer in the city, as well as those in surrounding areas that are easily accessible for commuters. The city is currently in the midst of a huge regeneration project, seeing significant transformation in the past 10 years to become the thriving community it is today. Preston City Council even earned the prestigious planning award for its strategy that is transforming the city, a strategy that is evident to see when looking into the city’s house prices.
18.8%
House prices in the North West are set to increase by 18.8% in the next 5 years (Savills, 2021)
Avenham Park
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Preston city centre
According to Foxtons, house prices in Preston
The rental market in the city is also performing
have increased by an incredible 60% in the last
extremely well at the moment. The average
10 years and look set to continue to do so for the
rental yield in Preston is currently 4.2%
foreseeable future. In their residential market
according to PropertyData.co.uk, above the UK
forecast, Savills have predicted that house prices
average of 3.38% (HomeLet). The PR1 district in
in the North West region are set to increase by
the city is performing extremely well, with the
a massive 18.8% in the next 5 years, the highest
average rental yield in the area standing at 7%.
of all regions in the UK alongside Yorkshire and
With UK rents expected to increase for the
the Humber, and Preston will no doubt play a
foreseeable future, Preston’s above average
key part in this growth.
yields are only going to increase, solidifying the city’s status as a leading buy-to-let location.
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www.knightknox.com
At Knight Knox, we specialise in the sale of off-plan buy to let properties to private investors. With almost 20 years’ experience under our belts, we are perfectly positioned to give our clients a personal service to ensure that their buy to let investment needs are met and make the buy to let process as simple as possible Whether you are a first-time investor, or looking to build on an established portfolio, we are certain to have the perfect property for you!
What our clients have to say
I’ve dealt with Knight Knox for the past 5 years in which time I have purchased six properties all of which have given me an excellent return on investment.
Stephen Ackers, Trust Pilot Review
I have had a very positive experience with Knight Knox over the past few years. They are very professional and responsive.
Martin Robertson, Google Review
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+44 (0)161 772 1370
Previous Preston developments
Station Terrace
The Sorting Office
Completed
Completed
Our portfolio
100+
£1.2bn
to the buy to let market since 2004
value of over £1.2 billion
10+
90+
in construction throughout the North West
with many more to come
We have launched over 100 developments
Over 10 of our developments are currently
Our developments launched have a total
We have completed over 90 developments,
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The information contained within this document is intended as a general guide. This information does not constitute an offer or a contract and we (or anyone in our company) do not imply, make or give any representation, guarantee or warranty whatsoever relating to the terms contained within. Any intending investor must satisfy themselves as to the correctness of any of the statements, plans or images contained within. Images are for representational purposes only. As with any investment, please be aware that your capital may go up or down. The content contained within is correct adhering to the previous statement at the time of publishing.a 2022-03_v1