- Potential Gross Return Of Over 12% Based On Previous Income
- Seven Bedrooms
- Converted Public House
- Two Bathrooms
- Previously Used As A HMO
- Roof Terrace
- No Chain
- Proposed Plans To Rebuild As Fourteen Brand New Apartments
- Large Cellar
PROPERTY DESCRIPTION ATTENTION INVESTORS!! Maitlands are delighted to offer to the market this unique opportunity to purchase a converted public house in the city centre. The property is well proportioned throughout with seven bedrooms, two bathrooms, an open plan living area and a roof terrace! The current owners have previously let this as a six bedroom HMO and they have advised us this generated a gross income of £24,960 per annum. The owners have also advised us that there are proposed plans to rebuild as 14 brand new apartments.
AREA DESCRIPTION Plymouth is a busy and thriving City situated on the South Coast of Devon. There are beaches for the sun worshippers amongst us, and Dartmoor for the walkers all just a short drive away from anywhere within the town.
This City boasts plenty of entertainment with a thriving nightlife and ample theatres, cinemas & Casinos, numerous tourist attractions to include; Plymouth Hoe, The Barbican and The National Marine Aquarium as well as a plentiful shopping mall in the heart of the City centre.
The Royal William Yard, steeped in history, has fast become one of the cities most favoured haunts with various eateries, boutiques, beauty salons and wine bars, but should you require something a little more energetic, you could perhaps seek out the Ski Lodge, Ice Rink or the various Diving and Sailing Clubs - there really is plenty to offer all ages!
The transport links are easily accessible to get from City to City via the A38. Whether by ferry, rail, bus or coach, public transport from Plymouth is plentiful; Paddington is under four hours away by rail and the ferry to Roscoff in France takes only 6 hours.
With the increasing growth of Plymouth University, investment and plans to re-develop the City in abundance over the next few years, this City has more to offer than ever before.