10 bed block of flats for sale

Garden Crescent, Plymouth PL1

Description

A rare and compelling opportunity to acquire a well-maintained, income-producing investment in one of Plymouth's most sought-after locations, West Hoe. This substantial building is arranged over four floors, comprising seven independent flats, a mix of one and two-bedroom apartments, all immaculately presented and ready to generate a reliable income stream.

Each flat benefits from its own kitchen and bathroom, providing complete independent living, and is fully compliant with all regulatory requirements, including fire risk assessments, gas safety checks, EICRs, and individual EPC ratings. Each property also has its own meters and council tax band, ensuring clear separation of utilities and ease of management. One flat even boasts a superb roof terrace, offering stunning panoramic views, perfect for tenants seeking desirable, lifestyle-enhancing accommodation.

The building is currently fully let, producing a gross annual income of £50,220, with a strong potential for rent reviews, currently delivering a 7.7% yield based on market value - a truly standout return in today's investment market.

West Hoe itself is an exceptionally desirable location, highly regarded by tenants. The property is within walking distance of the tennis courts, waterfront, and the picturesque Hoe promenade, offering access to leisure, green spaces, and commanding sea views. The Barbican, city centre, and all local amenities are easily accessible, making this a highly attractive area for tenants and a low-risk investment for landlords.

As an investment, this property stands out as one of the strongest opportunities currently available in Plymouth, combining strong, established income, professional management potential, and an enviable location in a dominant rental market.

Opportunities of this calibre are rare - for further information, to discuss the potential yields, or to arrange a viewing, please contact the agent today.

Council Tax Band: A (Plymouth City Council)
Tenure: Freehold

Apartment

Apartment 1

One-bedroom flat, generating £500 per calendar month. EPC rating C. Approximate area 373 sq ft.

Apartment

Apartment 2

One-bedroom flat, generating £590 per calendar month. Approximate area 333 sq ft.

Apartment

Apartment 3

One-bedroom flat, generating £625 per calendar month. Approximate area 299 sq ft.

Apartment

Apartment 4

Two-bedroom flat, generating £575 per calendar month. Approximate area 444 sq ft.

Apartment

Apartment 5

One-bedroom flat, generating £625 per calendar month. Approximate area 299 sq ft.

Apartment

Apartment 6

Two-bedroom flat, generating £600 per calendar month. Approximate area 423 sq ft.

Apartment

Apartment 7

Two-bedroom duplex-style flat, generating £670 per calendar month. Approximate area 533 sq ft. Includes access to a private roof terrace.