GUILDHALL GARDENS

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

Preston Bus Station

University of Central Lancashire

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 Museum, Art Gallery & Library St George’s Shopping Centre

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)

Fishergate Shopping Centre Preston Train Station

Fishwick Local Nature Reserve (1.1 miles)

Wickley Square

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1/2

Direct train route to London Euston in 2 and half hours

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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

FAQ’s

THIRD FLOOR

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

Am I buying freehold or leasehold?

250-year leasehold

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* All plans are based on concepts provided by the developer, are indicative only and are subject to change.

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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) 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.

Avenham Park

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