28 bed property for sale

Central, Plymouth PL4

Excellent investment opportunity
Overview

•Fully let substantial student property opportunity in Plymouth.
•The accommodation comprises 19 bedrooms in cluster flats and 9 studio apartments spread over two former pubs converted to high-quality student accommodation around 15 years ago.
•Well maintained and offered in immaculate condition throughout
•The accommodation has been 100% rented throughout since conversion
•Rental income of £209,700 being generated for the year 2025/26
•Good locations in popular student areas.
Proposal

Offers are invited in excess of £2million, representing a capital value per bedspace of £75,000 with a gross rental yield of 10.5%
Location

The coastal city of Plymouth, where the properties are located, is the second largest city in the south-west of England with a population of c.265,000 and a student population of around 23,000. It has good transport links to Exeter, Bristol and London.

The Mutley Tavern provides 15 bed spaces, across 2 flats and 4 Studios, all well maintained and secure. It is located in the popular student location of Mutley, offering a range of amenities including shops, pubs, and food outlets. The University of Plymouth is within a 12 minute walk. Annual gross rental for the building is £109,100

The No Place Inn is located on North Road West providing 13 bed spaces, across 2 flats and 5 studios, all ensuite also well maintained and secure. Off street parking to the rear, well located for amenities, with the university of Plymouth a 15 minute walk. Annual gross rental for the building is £100,600.
Plymouth student market

There are around 23,000 students in Plymouth, the majority of whom study at the University of Plymouth.

Total pbsa supply consists of only 6065 beds. Additionally, there are zero beds in the planning or development pipeline, so strong demand for Student Accommodation can be expected going forward.