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10 bedroom block of apartments for sale
Garden Crescent, Plymouth PL1
£650,000
Garden Crescent, Plymouth PL1
£650,000
Our Summary
- The building is currently fully let, producing a gross annual income of £50,220, with a strong potential for rent reviews, currently delivering a 7
- Opportunities of this calibre are rare - for further information, to discuss the potential yields, or to arrange a viewing, please contact the agent today
Description
This rare investment opportunity in Plymouth's sought-after West Hoe location offers a well-maintained, income-producing property with seven independent flats, each with its own kitchen and bathroom. The building is fully compliant with regulatory requirements and is currently fully let, producing a gross annual income of £50,220 and a 7.7% yield based on market value. The property is situated in a highly desirable location, within walking distance of the waterfront, tennis courts, and Hoe promenade, and is easily accessible to the city centre and local amenities. With a strong potential for rent reviews and a low-risk investment, this property stands out as one of the strongest opportunities currently available in Plymouth, offering a reliable income stream and a highly attractive area for tenants.