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Wellington Street, Plymouth PL4 6 bed detached house for sale
1 Wellington Street & 29 Armada Street
£340,000
1 Wellington Street & 29 Armada Street
£340,000
Our Summary
- This is a fantastic and unique investment opportunity, an early viewing is recommended to avoid disappointment
- Great Investment Opportunity
Description
This detached residence in North Hill, Plymouth, is a versatile investment opportunity with tenants in situ, generating a gross income of £41,000 per annum and a net figure of approximately £33,580. The property has been a long-standing rental for many years and is currently arranged as a four-bedroom maisonette on the upper two floors, with a separate two-bedroom apartment attached on the ground floor. The maisonette enjoys fabulous views from the front of the property, overlooking the city centre and the sea. Both properties have modern conveniences, including gas central heating and uPVC double glazing, and are subject to a peppercorn ground rent with joint responsibility for repairs and maintenance. This unique opportunity is ideal for an investor or someone looking to occupy one property and let the other to generate an income. An early viewing is recommended to avoid disappointment.