2 Fishergate Ct 5 Unité Immeuble d’appartements 1 303 508 $ CAD (260 702 $ CAD/Unité) Preston PR1 8QF

25 x highlights - of the Opportunity: 1. Fishergate Apartments is a (single Title Freehold) Block of Apartments sitting in prime position in Preston opposite the Main LCC Lancashire County Hall building and Train Station. With a sleeping capacity of 13 per night, in a recent good year generated a Turnover of £143,000 pa with a EBITDA of £75,600 resulting in a Gross Yield of 15% [in 2022, it gives a 9.5% net net ROI 2. The running average over the last 4 years is a Turnover of £122,000, given our asking price of £800k that is an average Gross yield of 15.2% and a net net ROI of 7.9%. 3. EBITDA is an average of 53%. regardless of the income for the year, the EBIDTA earning ratio seems to hold above 50%, from a low OPEX, given it is well maintained, modern with and Energy rating EPC = C. 4. Rateable Value of £9700 (i.e. Council Tax) - under Small Business Rate Relief (SBRR) for the last 10 years therefore a £0 Zero liability for the Entire building. 5. The Freehold building contains x6 individual nightly bookable units (see floor plans) 6. 4 x Apartments with double bedrooms, lounge & full kitchen, bathroom. 7. 2 x Single Rooms with ensuites and desks with a Shared kitchen. 8. Bookable, instantly Online, with Nightly rates as low as £45pn up to £130pn, per space, with addition of some sofa beds its gives a total capacity of x15 sleeping per night. 9. Ground Floor also has Shared Lounge + kitchen, + Luggage Storage, plus Reception entrance area. 10. Single bed owners / Housekeepers (staff) accommodation. 11. The Basement; has a in-house laundry, storage of linen, x2 Small Office rooms, waste storage, plus Plant room. 12. Handover of a fully stocked running operation such as cleaning equipment, linen, bedding, supplies. 13. Machinery: washers, Drying and Iron machine, and other tools & equipment that are required for detailed maintenance of all surfaces, carpet, bathrooms. 14. Fully trained, industry experienced, housekeeper in place on a perm staff basis. 15. No alcohol served, no bar, no restaurant to run, no breakfast service (in its current set-up), therefore a new owner could add these as additional revenue streams. 16. No tenancy agreements, no AST's, No Leases to worry about. Sold vacant possession, with hotel guests - instead contracts with service providers such as Booking.com and other similar channels. 17. Systems: Booking / Payments Systems and other dashboard logins to remotely manage all - OTA channel manager and agreements all been in place for 10 years, great rates negotiated for all services like utilities etc. 18. Comes with historical Customer records such as emails / mobile numbers and booking history of more than 4000 records who recognize the brand of 'Fishergate Apartments' in Preston. 19. Access to contacts of local servicing companies that help support any issues to ensure smooth running. 20. Full Training & handover over 1 month period by current owners, as well as recruitment insights of critical aspects of housekeeping. 21. New Owner may run it remotely from a laptop, admin of 30 mins per day, and x2 site visits per month. 22. Gas Central Heating throughout, with customers controls, overriding controls by management. Concrete block and Beam floors throughout, which are end to end supported. Concrete Block wall & brick. Traditional pitched Tiled roof, making it easier to insure. 23. Each apartment has its own Elec Consumer unit, therefore a potential to retrofit meters (electric/water) to change of use back to traditional lettable units. 24. Further developments with massive uplift in revenues , & therefore valuation. potential for a Ground floor walk-in food outlet. National food franchise brands have shown some interest. If a Franchise Agreement is signed and/or Planning Permission gained before your enquiry, then the asking price may be increased to reflect that uplift. 25. Finally and most importantly, in a Very central prime location in Preston - with amazing transport connections to London (2hrs) Scotland (2hrs), Manchester (45 mins). PR1 8QF / google maps = 53.75692 , -2.70851