City centre apartments – Fantastic rental potential for Lancaster landlords

I have just found this great investment opportunity on Bay View Court. Two of the biggest employers in the Lancaster area are the University and the Hospital.  My lettings department are finding more and more that the applicants are individuals or couples who are starting contracts at these places and are looking to rent in the area. Many of these need city centre properties with good transport access .

You could be looking at a gross return of 6.7% plus on this City Centre apartment

 

Bay View Court is ideally located for these sorts of tenants. It has a fantastic location; close to bus routes, the train station is opposite and it is only 10 minutes walk into the city centre. It offers a decent sized bedroom, great living space, and a modern kitchen and bathroom. Neutrally decorated and in good condition it is practically ready for a tenant to move in.

If we look at a rent of £450 PCM, even at the asking price of £80,000 you would expect a gross return of 6.7%.

Make sure you don’t miss out on this great opportunity! Here’s your link:

http://www.rightmove.co.uk/property-for-sale/property-47039715.html