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Bishopgate

Bishopgate is a conversion of a former office block. Built in a distinctive 1970’s style, the building is in a prime spot for modernisation in line with the exciting new civic development schemes underway in the area such as; Stoney Gate Masterplan, Cinema and Restaurant Complex and the Bus Station Square.

130 luxury 1, 2 beds and duplexes in line with new civic development schemes – a new way of living in the heart of Preston.

This ambitious scheme will be a flagship residential development for The Heaton Group and the City of Preston, comprising of 130 luxury apartments, impressive communal spaces with residents lounge and 24 hour concierge, communal rooftop gardens and 7 retail units overlooking the plaza including, Barber shop, Florist and Deli Store.

  • Dynamic design and highly refined specifications
  • Prime city centre location

For another project we have completed recently, see Vita Student Cardiff.

Project Summary

Project Name: Bishopgate Gardens

Location: Ormskirk Road, Preston PR1 1DA

Completion: Q3-Q4 2021

Ownership: 250 years leasehold

Nearby:

Preston Railway Station : 10 min walk
Bus station : 4 min walk
St. George’s Shopping centre : 2 min walk

Development Features

  • Concierge

  • Rooftop Garden

  • Resident Lounge

  • Coffee Pod

  • The Common Share Workspace

  • Barber Shop

  • Florist

  • Beautician

  • Delicatessen

    • Unit Types

  • One bed apartments

    starting From 38 square meter

  • Two bed apartments

    starting From 58 square meter

  • Two bed duplex apartments

    starting From 79 square meter

    • Available
    Size (sq. ft.)
    From Price
    One Bed Apartment
    49
    412 - 500
    £110,00
    One Bed Apartment w/Terrace
    2
    433 - 478
    £135,000
    Two Bed Apartment
    16
    632 - 934
    £170,000
    Two Bed Duplex Apartment
    3
    851 - 861
    £235,000

    Investment Details

    Expected Yield: 7% gross

    Preston is a city which inspires people to invest in its future. A great location, strong businesses, a higher education sector going from strength to strength and a growing reputation for radical economic excellence has resulted in an impressive programme of investment which is changing the city. Here are some highlights:

    KEY HIGHLIGHTS

    • House prices in Preston have increased by 19.56% in the last five years.
    • Preston has easy access to the M6, M61, M65 and the M55, all key Northern motorways.
    • The Preston economic model has been so successful it is now being trialled in other towns across the UK.
    • The University of Central Lancashire is based in Preston and supports 40,000 staff and students.
    • Preston is only 40 minutes from Manchester and 50 minutes from Liverpool by direct train.
    • Preston was named the UK’s most improved city.
    • The Preston and Lancashire City Deal is worth £434m and is transforming the city’s infrastructure

    THE PRESTON AND LANCASHIRE CITY DEAL

    The Preston and Lancashire City Deal has been described by Preston City Council as a “landmark agreement” that is in the process of transforming the city and building a resilient modern economy. Vital to any attempt to equip a city for the future is the creation of transport infrastructure which will allow growth, and the City Deal is addressing this with investments worth £434m.

    By undertaking major new road schemes to the North, West and South of the city, this investment aims to create 20,000 new jobs and build almost 17,500 new homes. It is estimated that these developments will grow the local economy by £1bn by expanding the benefits of Preston’s already excellent location and allowing businesses to make more of the highly trained workforce which exists in the city.

    INTERESTING FACTS ABOUT PRESTON 

    • Preston's existence dates back to the Roman period, and there is also evidence of Viking activity. One of the largest ever Viking silver hoards (the Cuerdale Hoard) was found near Preston.
    • The Preston by-pass was Britain's first-ever motorway (today, it is part of the M6). It opened in December 1958.
    • Preston's St Walburge's Church boasts an impressive 309ft spire - the tallest of any parish church in England. It was built in the 19th century.
    • The Caribbean carnival in Preston is one of the oldest in the UK - it's been running since 1974.
    • Preston's Market Street is home to the longest row of red telephone boxes anywhere in the country.

    Payment Terms

    • Cash deals

      25% on exchange, 25% on May 9 2020, 20% on first fix and 30% on completion

    • Mortgage deals

      20% on exchange, 80% on completion