36 bedroom end of terrace house for sale

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36 bedroom end of terrace house for sale

Cornwall Street, Plymouth
£2,000,000

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

Description

This property is a mixed retail and student investment opportunity located in the heart of the city, generating a gross yearly income of £229,725. The ground floor houses a self-contained retail unit currently producing £37,525 per year, while the upper three floors are divided into 36 en-suite rooms, each equipped with modern kitchens, shower rooms, and comfortable living rooms. The building is leasehold via Plymouth City Council with a 125-year lease from 2014, with ground rents of £3000 per year for the ground floor and upper floors.
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