Aalborg Place, Lancaster, UK

We have been able to secure a new one bedroom apartment in Aalborg Place which has a tenant in place.

List Price £117,500 Our Price £89,950.

Rent £500 per month, Yield of 6.6% Gross.

Aalborg Place is a prestigious development offers a range of 8 chic studio pads, as well as stylish 199 one & two bedroom apartments and 12 duplexes set in the heart of the city set alongside the beautiful Lancaster canal. Incorporated in the development is an attractive canal side restaurant/café premises and modern commercial office space.

The Aalborg Place properties are split between two blocks and six floors in this unique canal side location. The majority of properties include a balcony enabling you to enjoy the outstanding views of Lancaster’s unique skyline, including well known landmarks the Aston Memorial, the Town Hall, the Castle, the Priory, and across Morecambe Bay to the Lake District Mountains beyond.

Aalborg Place is perfect for city centre living: With easy walking distance into Lancaster itself, which boasts a superb range of shops, boutiques, restaurants and bars there is something for everyone here. The M6 motorway is easy access both North & South and bus and rail services are regularly available, there's no better place to be and over 75% of the apartments are occupied.

• Balconies overlooking the canal on selected properties
• Chrome sockets in lounge and kitchen areas
• High quality black gloss units in kitchen with contrasting worktops
• Integrated oven with ceramic hob
• Integrated fridge with freezer compartment
• Undercroft and surface parking available to purchase on 2 bed apartments

Rental Management in place, we are in contact with a letting agent whom currently manages 20 apartments in Aalborg Place – please contact us for further information on their fees etc

Current rental rates:-
1 bed ground floor, no balcony bad aspect £500 p.m.
1 bed with balcony - £525 - £550 p.m. depending on floor
1 bed without balcony - £525 p.m
2 bed without balcony - £625 - £650 p.m.
2 bed with balcony £675-£695 p.m

These properties are completed and are turn key, the only they require is carpets.

Mortgages Available

70% LTV Mortgages available subject to status for UK citizens, for non UK citizens 70% LTV is also available subject to status, but value has to be more than £100,000.

Local Information
Train Station: 2.7 miles
Primary Schools: 1.1 miles
Secondary Schools: 1.7 miles
Airport: 22.6 miles
Hospital: 2.4 miles

Location
Aalborg Place is located within an exclusive developing area of luxury apartments and wine bars set alongside the tranquil Lancaster canal and close to the centre of the city. This really is a superb setting for contemporary city centre living at its best.

This exciting development benefits from easy access to the M6 motorway and local amenities. And if you fancy that break away or have an important business trip, Blackpool Airport is just twenty three miles away. You're also just a short walk from the railway station.

All in all, Lancaster City has an excellent mix of both a wealthy and interesting historical past combined with all the modern amenities you could ask for, making Aalborg Place the perfect place to come home to.

Lancaster

Lancaster is a vibrant, bubbling, cosmopolitan city, home to an excellent University, with numerous schools, pubs, clubs, theatres, cinemas, markets and shops. The usual high street retailers can be found in the pedestrianised centre, along with a shopping arcade and a large indoor market, which contains a wealth of stalls selling fresh
local produce from around the Morecambe Bay area. Take a stroll around the city and you will be amazed at the numerous cafes, boutiques and curiosity shops just waiting to be discovered.

Walk by the canal which meanders its way through the city, or perhaps cycle alongside the River Lune. Travel up the M6 to the Lake District National Park which offers superb outdoor pursuits along with rolling countryside, lake and mountain vistas.

Lancaster’s history can be traced back several thousand years; each era has left some striking enhancements to the cosmopolitan city. You too could be part of Lancaster’s latest chapter, Aalborg Place.

Aalborg Place takes its name from Denmark’s fourth largest City Aalborg, which is twinned with the City of Lancaster. The development is an impressive symbol of where Lancaster is in the world today. Alongside all the history that is associated with the city, Lancaster still keeps up with modern way of life and is one of Britain’s most appealing city’s to live in.