Standout Features
- Substantial Residential Building
- 16 One Bed Apartments
- 3 Two Bed Apartment
- Spacious Gardens
- Off Road Parking to Front
- In Need of Renovation
- Potential Rental Income of £159,600 per annum
- No Onward Chain
- Council Tax Band - A
- EPC Rating D / E
Property Description
SUMMARY PUBLIC NOTICE - WE HAVE RECEIVED AN OFFER OF £980,000. ANY INCREASED OFFERS ARE TO BE RECEIVED WITHIN 5 DAYS OF THIS PUBLICATION WITH THE ESTATE AGENTS.
Investment Opportunity: Residential Building with 16 One-Bedroom Flats, Three Two-Bedroom Flat, Spacious Gardens, and Ample Parking. This property has limited indoor mobile coverage
LOCATION Greenbank, Plymouth is a thriving and diverse neighborhood known for its close proximity to Plymouth University and Plymouth College of Art, making it a popular choice for students, professionals, and families alike. Just a short walk from Plymouth City Centre, Greenbank offers the perfect blend of urban convenience and residential charm.
DESCRIPTION An excellent investment opportunity awaits with this substantial residential building, comprising 16 one-bedroom flats and 3 two-bedroom flat, offering significant rental potential. Located in a desirable area, this property boasts spacious gardens and parking for multiple vehicles at the front, adding to its appeal for tenants and investors alike.
With a previous rental income of £159,600 per annum when fully let, the building offers strong returns. However, it is worth noting that one apartment has been damaged by fire and certain parts of the building are in need of renovation, providing an ideal opportunity for investors to add value through refurbishment and modernization.
The property is well-suited for those looking to invest in a rental portfolio with potential for substantial yields once the necessary works are completed. With its central location, ample parking, and outdoor space, it will continue to be attractive to a wide range of tenants, offering long-term rental prospects.
Whether you are a seasoned investor or looking for a large-scale project, this building presents a unique chance to acquire a property with excellent scope for development and high rental income potential. Contact us today to arrange a viewing and explore the possibilities this property has to offer.
COUNCIL TAX BANDS All flats individually banded at Council Tax Band A
EPC Flat 1, 2, 3, 4, 5, 6, 9, 11, 16, 17, 18, 19 - EPC Rating E
Flat 7, 8, 10, 12, 13, 14, 15 - EPC Rating D
VIEWINGS Interested applicants should contact Martin & Co today on 01752 255255 in order to arrange their viewing appointment.
NOTICE TO APPLICANTS We endeavor to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Move With Us conveyancing. It is your decision whether you choose to deal with Move with Us. In making that decision, you should know that we receive an annual payments benefits, equating to approximately £200 per referral.
Investment Opportunity: Residential Building with 16 One-Bedroom Flats, Three Two-Bedroom Flat, Spacious Gardens, and Ample Parking. This property has limited indoor mobile coverage
LOCATION Greenbank, Plymouth is a thriving and diverse neighborhood known for its close proximity to Plymouth University and Plymouth College of Art, making it a popular choice for students, professionals, and families alike. Just a short walk from Plymouth City Centre, Greenbank offers the perfect blend of urban convenience and residential charm.
DESCRIPTION An excellent investment opportunity awaits with this substantial residential building, comprising 16 one-bedroom flats and 3 two-bedroom flat, offering significant rental potential. Located in a desirable area, this property boasts spacious gardens and parking for multiple vehicles at the front, adding to its appeal for tenants and investors alike.
With a previous rental income of £159,600 per annum when fully let, the building offers strong returns. However, it is worth noting that one apartment has been damaged by fire and certain parts of the building are in need of renovation, providing an ideal opportunity for investors to add value through refurbishment and modernization.
The property is well-suited for those looking to invest in a rental portfolio with potential for substantial yields once the necessary works are completed. With its central location, ample parking, and outdoor space, it will continue to be attractive to a wide range of tenants, offering long-term rental prospects.
Whether you are a seasoned investor or looking for a large-scale project, this building presents a unique chance to acquire a property with excellent scope for development and high rental income potential. Contact us today to arrange a viewing and explore the possibilities this property has to offer.
COUNCIL TAX BANDS All flats individually banded at Council Tax Band A
EPC Flat 1, 2, 3, 4, 5, 6, 9, 11, 16, 17, 18, 19 - EPC Rating E
Flat 7, 8, 10, 12, 13, 14, 15 - EPC Rating D
VIEWINGS Interested applicants should contact Martin & Co today on 01752 255255 in order to arrange their viewing appointment.
NOTICE TO APPLICANTS We endeavor to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Move With Us conveyancing. It is your decision whether you choose to deal with Move with Us. In making that decision, you should know that we receive an annual payments benefits, equating to approximately £200 per referral.
Material Information
- Tenure: Freehold
- Council Tax Band: A
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Woodland Terrace, Greenbank
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