
11.5% NIY Serviced apartment Asset and Business For Sale
10 CAMDEN PLACE, PRESTON PR1 3JL, UK
Contact us for more details about this property

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Offers in excess of £1,800,000
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Average annual turnover of £480,000 (based on last three years)
SEP 2021-2022 |
SEP 2022-2023 |
SEP 2023-2024 |
|
Rooms Revenue |
£472,276.00 |
£458,984.00 |
£447,433.00 |
Restaurant Rent* |
£20000.00 |
£20000.00 |
£20000.00 |
Total |
£492,276.00 |
£478,984.00 |
£467,433.00 |
Total Overheads |
£270,345.00 |
£230,036.00 |
£268,634.00 |
EBITDA |
£221,931.00 |
£248,948.00 |
£198,799.00 |
*Paid weekly
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Part income secured against lease to award winning restaurant "Aven".
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14 Self Contained Serviced apartments: self-check-in on all apartments.
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Located in the prestigious Winkley Square.
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5 min from Preston Station.
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3 parking spaces.
pROPERTY DETAILS
Each of the 14 apartments is elegantly decorated in a unique style, complete with Egyptian cotton sheets.
All accommodations come with private bathrooms featuring power showers or baths. The kitchenettes are equipped with microwaves, and complimentary tea, coffee, and biscuits.
Upgraded studios feature sofa beds, and/or dining tables. Complimentary limited parking is available. The property is Freehold with 3 parking spaces and has the following specifications:
Basement | 269.6 m2 / 2901.947 ft2 |
Ground floor | 397.6 m2 / 4279.7 ft2 |
First floor | 344.6 m2 / 3709.2 ft2 |
Second floor | 271.8 m2 / 2925.6 ft2 |
Total measurements | 1,283.6 m2 / 10.764 ft2 |
To address this demographic shift, several key developments are underway. The City Council's revitalization plan includes a £20 million investment to enhance public spaces, promote sustainability, and support local businesses. The ambitious "Preston City Living" initiative aims to add approximately 1,000 new residential units to the city centre by 2025, fostering a live-work environment that attracts a diverse community.
Additionally, the anticipated completion of the new Market Quarter is expected to draw more visitors, offering a modern retail landscape while preserving the charm of local market culture. These developments, combined with improved transport links through ongoing infrastructure projects, position Preston as a burgeoning urban centre, balancing growth with the preservation of its unique character. As the city nears 2025, it stands ready to embrace a future filled with opportunity and innovation.
For those keen to explore, Avenham and Miller Parks, Preston Railway Station, and the Harris Museum and Art Gallery are all easily accessible on foot and less than 5 minutes away. Fishergate Shopping Centre benefits from high foot traffic and superb transport connections. With a diverse blend of well-known brands and unique independent stores, it is a bustling hub of retail activity.
Aven Restaurant is an integral part of the Winckley Stays boutique offering, seamlessly combining luxurious accommodations with an enticing dining experience by Head Chefs Oli Martin and Sean Wrest.
Aven distinguishes itself not only with its prime location but also with the meticulous care and creativity infused into each dish. The seating is comfortable, and the layout feels spacious without being overwhelming. Whether you’re dining alone, on a date, or with friends, the space feels versatile and accommodating.
With its high-quality dishes and excellent service, it’s a restaurant that deserves attention. Aven is a must-visit for anyone who appreciates good food and a warm dining experience.
REVIEWS
Both, the restaurant and the hotel, have received high praise across all major travel booking websites; additionally, it is listed in the Michelin Guide, which speaks to their quality and reputation.
Booking.com | 8.9 stars |
Expedia.com | 5.0 stars |
Hotels.com | 4.5 stars |
Trivago.com | 9.0 stars |
Kayak.com | 8.9 stars |
TripAdvisor | 5.0 stars |
Leading Restaurants | 4.9 stars |
proposal
We are selling on behalf of our client, the freehold building with all fixtures and fittings, the business with all current and future bookings and the existing lease of the restaurant.
The asset and business are held within its on SPV which can be bought allowing for SDLT savings.
We are seeking offers over £1,800,000.00 (One million eight hundred thousand) subject to contract and exclusive of VAT. Based on the average annual EBITDA £223,000 this shows a very attractive Net Initial Yield of over 11.5% after purchasers costs of 7%.

