Offers over
£335,000
6 bed terraced house for salePlymouth, Devon PL1
6 beds
6 baths
6 receptions
- Freehold
Pilkington Estates
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About this property
Ideal Hassle-Free Investment Opportunity
Grade II Listed Portfolio of Six One-Bedroom Apartments
Five Apartments Currently Occupied with Long-Term Tenants
Well-Maintained Properties Ready for Immediate Rental Income
Shared Concrete Communal Space for Laundry and Drying
Current Annual Income of Approximately £37,000
Attractive 11% Yield
Grade II Portfolio: Six 1-Bed Apartments, 11% Yield, Scope For Growth
We are thrilled to introduce a unique opportunity to the market; a Grade II portfolio comprising six self-contained one bedroom apartments, five of which are currently occupied. This cherished portfolio has been well-maintained for years, fostering long-term relationships with many of its tenants. As a result, it is primed and ready for someone to step in and immediately enjoy the benefits of a hassle-free rental business. This diverse opportunity encompasses six comfortable one-bedroom apartments. These properties are in good condition, with some recently refreshed interiors. Additionally, the portfolio includes a shared concrete space accessible to all tenants to the rear, providing a communal area for amenities such as laundry and outdoor drying lines. The six properties today generate circa £37,000 per annum, resulting in an 11% yield. If the individual properties were to be re-decorated and rental reviews scheduled, there's no reason an investor wouldn't be able to achieve a larger yield
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