LUCRATIVE RESIDENTIAL INVESTMENT PROPERTY

Ref : M3453

Price

Freehold : Offers in the Region of :: £190,000.00

Unless otherwise stated all rental figures and asking prices quoted in the above details are exclusive of any Value Added Tax that might be applicable.

  • Lucrative residential investment property.
  • Popular residential and commercial area close to Plymouth city centre.
  • Substantial period property.
  • Two one bedroom flats together with two studio bed-sitting units.
  • Fully let on 6 month ASTs.
  • Impressive rental income approx. £18,660 per annum.
  • Viewing recommended.

This impressive residential investment property is located in Princerock, a popular residential and commercial area of Plymouth.  The area benefits from a central location and is located just off Embankment Road, a busy secondary shopping retail area, with Plymouth’s main city centre within one km or so to the west.  Regular bus services run along Embankment Road giving access to the city centre, together with other areas across the city including Plympton and Plymstock.  It is located close to the Vue multiplex cinema complex, Faraday Mill and Plymouths Trade Park and, as such, enjoys consistently high levels of occupation.  

Plymouth, with a population of over 250,000 is the largest city in the West Country.  Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards.  The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail.  Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks. 

 The premises are terraced and believed to date back to the early 1900s and for the main appears to be of traditional construction with spar rendered elevations under a pitched slate roof.  In brief, the property comprises of two one bedroom flats, together with two studio bed-sitting units and a small enclosed yard to the rear.  Each of the letting units are fully furnished and have their own kitchenettes, shower rooms and electric heating.  All units are separately metered on their own prepay meters and the property is double-glazed.  An early viewing appointment is recommended. 

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Please let us know whether you are happy for us to contact you from time to time with information about our products or services by selecting one of the following options:

We want you to know exactly how our service works, how we use your personal data and how it is stored and transmitted. Please state that you have read and understand our Terms & Conditions and our Privacy Policy.

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Office Address

Huntley & Partners
Spargo House
10 Budshead Way
Plymouth
Devon
PL6 5FE

Telephone

01752 206020

(24hr answering service)