Cornwall Street, Plymouth PL1 36 bed end of terrace house for sale

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Cornwall Street, Plymouth PL1 36 bed 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 substantial mixed retail and student investment opportunity is located in the heart of the city, generating a gross yearly income of £229,725. The property is arranged over four floors, with a self-contained retail unit on the ground floor currently occupied and producing £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 shower rooms. The building is leasehold via Plymouth City Council, 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.