I have just taken on a great, one bedroom, quayside apartment at Buoymasters on St George’s Quay in Lancaster. It would make a perfect Buy-to-Let investment and has enjoyed a lengthy period of over 14 years in the rental market with no gaps between tenancies.
Perfectly located for the restaurants and quayside bars and a short stroll into the city centre – this apartment will have tenants queuing up to rent it out. It boasts a great sized master bedroom with built in storage and a large and airy living and dining area with patio doors opening out onto your own balcony overlooking the River Lune. There is a generous galley-style kitchen with plenty of storage, overlooking the communal gardens. It is completed with private parking for the residents of the development.
I can see this easily being let out to a professional couple or individual who will appreciate both it’s size and location. The property has historically enjoyed a rental income of £550 PCM so if you were to purchase at the asking price of £120,000 you could expect a healthy gross return of 5.5%
Tempted? Of course you are! Here is your link: