The Exchange, Preston
- Address/Postcode: PR1 1DX
- Prices range: £132,087 - £269,742
- Net Yields: 6.38%
- Developer: HG6 Private Investments Ltd.
- Tenure: 250 Years Leasehold
- Type: Apartment
- Bedroom(s): 1, 2, & 3 Bedrooms
- Completions: Q3, 2023
Investment Highlights
Prices from £127,7691, 2 & 3 bedroom apartments available
Gym, Concierge, Residents Lounge & Rooftop Garden
Preston is projected £1bn economic growth over the next 10 years & already has fast connections with Northern powerhouse cities and the rest of the UK, through its transport links
Completion by June 2023
Gross Yields up to 7.95%
£5,000 Reservation Fee
Development Specification
The Exchange is a brand new, off-plan development from ideally located in Preston city centre.
The Exchange will deliver a new standard of premium modern living to the local rental market, right in the heart of the city’s newest emerging neighborhood.
The schemes residents lounge and roof garden, will help to create a relaxing community space for tenants to meet and unwind.
The host of amenities will offer young professionals a great environment to live in.
Transportation Connections
HS2 trains will serve the current stations in Preston and Lancaster where passengers can access the high-speed network.
There will be fast, frequent, and reliable connections joining up the cities of the north and the midlands, as well as more seats, more often, heading north to Cumbria and Scotland.
This change reduces the time to Birmingham from 96 minutes to 50 minutes, and London from 128 minutes to 78 minutes.
Manchester and Liverpool are reached within the hour on a train, which makes it an ideal location, with further strong connections to the rest of the UK as well as European and international destinations.
Blackpool Airport is located just 18 miles away, which connects this location with the rest of the UK and European destinations.
Flights can be found to multiple destinations around Europe, such as to Barcelona, taking just over 2 hours, at very affordable prices.
Employment & Education
The big employers in Preston include the NHS with leading industry facilities such as teaching hospitals and leadership academies, BAE Military a multinational aerospace company, DAF the large truck brand employs over 1,100 at their site in Preston and EDF Energy just to name a few.
The University of Central Lancashire has over 25,000 students passing through its doors every year and is only 12 minutes’ walk from The Exchange.
A £200m master plan for UCLAN is well on its way, offering amazing improvements in this area.
A total £434 million new investment will lead to the expansion and improvement of the transport infrastructure in Preston and South Ribble at an unprecedented rate, enabling a forecast 20,000 new jobs and 17,420 new homes to be created.
It will provide a huge boost to the local economy, which is expected to grow by £1 billion over the next ten years.
Amenities
Located in central Preston, so all your needs are just a walk/cycle away.
The development benefits from a Gym, Concierge, Residents Lounge, Roof Garden and Bicycle storage
Bus station - 3-minute walk (Largest in the UK)
Train station - 15-minute walk
Restaurants - 1-minute walk
UCLAN Campus - 4-minute cycle or 12-minute walk
Blackpool Airport - 30-minute drive
Purchase Procedures
£5,000 Reservation fee
25% Exchange of contracts
75% On completion (Q3 2022)
Request Info Sheet
Area Overview
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UCLAN Development
Disclaimer
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