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Alexandra Road, Plymouth PL4 3 bed maisonette for sale
Alexandra Road, Mutley, Plymouth, PL4
£125,000
Alexandra Road, Mutley, Plymouth, PL4
£125,000
Our Summary
- CENTRALLY LOCATED MAISONETTE FULLY LET FOR 25/26 ACADEMIC YEAR PRODUCING £20,250 GROSS PA (16+% YIELD)Within close proximity of Plymouth University, Pure Gym and the famous Mutley Plain this offers a fantastic investment opportunity
- Outstanding Investment Opportunity
Description
This fantastic investment property is centrally located near Plymouth University, Pure Gym, and the popular Mutley Plain, offering a lucrative opportunity for investors. The maisonette is fully let for the 25/26 academic year, producing a gross annual income of £20,250, equivalent to a 16% yield. The property features a spacious living room, fitted kitchen, three generous bedrooms, and a bathroom, with a 199-year lease from 1984 and a ground rent of £50 per annum. With an EPC rating of D, this property provides a solid investment opportunity for those looking to generate a steady income.