Musgrave House is a prime city-centre investment opportunity in Exeter, comprising nine one-bedroom apartments undergoing a comprehensive renovation. The building will offer fully modernized apartments with brand-new kitchens, bathrooms, and flooring, as well as refurbished communal areas. Once complete, the apartments are expected to achieve £1,300 per month, generating a total gross annual income of £140,400, representing an approximate 8% return at the asking price. The property is held on a 125-year lease from Exeter City Council and is expected to be fully let and occupied by early April, making it a turn-key investment suitable for private investors or portfolio buyers seeking immediate income in a core Exeter location.