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36 bed end of terrace house
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Our Summary
- ***substantial mixed retail and student investment opportunity situated in the heart of the city, gross yearly income of £229,725 pa***Arranged over four floors with the ground floor housing a self contained retail unit (2,821 square foot) currently occupied and producing £37,525 pa
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Description
This mixed-use investment opportunity is situated in the heart of the city, offering a substantial income potential. The property features a self-contained retail unit on the ground floor, currently occupied and generating £37,525 per annum. The upper three floors, built circa 2018, comprise 36 en-suite rooms divided into nine self-contained four-bedroom apartments, each equipped with modern kitchens, fully furnished living spaces, and comfortable bedrooms.
The apartments produce a gross income of £192,200 for the 2023/2024 period. The property is leasehold, with a 125-year lease from 2014, and ground rents of £3,000 per annum for the ground floor and £3,000 per annum for the upper floors, payable to Plymouth City Council.