£60,000 OIRO

Regent Street, Plymouth PL4

£60,000 OIRO

Studio Studio For Sale

Regent Street, Plymouth PL4


Key features

  • 8.5% Gross Return - Turn-Key Investment
  • TENANTED Studio Apartment
  • Separate Kitchen and Bathroom
  • No Chain
  • Adjacent to Plymouth University
  • City Centre Location
  • Open Plan Sitting Room - Bedroom
  • Long-Term Tenant
  • Purpose Built Serviced Block
  • Popular Rental Location
  • Council Tax: A

FULL DESCRIPTION Located on the ground floor of this purpose built apartment block, this studio apartment offers a great opportunity for investors seeking healthy returns on investment and a great low cost entry-level property to the investment market.

The apartment is located in a thriving city centre hub popular with student and professionals alike. Situated adjacent to Radnor Halls and immediately between the Faculty of Business and Plymouth College of Art the development is especially popular with overseas and mature students seeking independent living within close proximity to the main university amenities.

Currently let at £425pcm, the property will provide investors with a healthy 8.5% gross return on investment.

Entry is controlled by a secure intercom with the front door opening into a communal lobby area.
 

COMUNIAL ENTRANCE LOBBY  

LIVING AREA 12' 9" x 10' 5" (3.89m x 3.18m) The living area features a large fold-down sofa-bed, built-in wardrobes and double glazed window to side elevation. The property is of modern design with recessed spot-lighting, TV and internet points.
 

ENTRANCE HALL  

KITCHEN 6' 10" x 6' 0" (2.08m x 1.83m) The kitchen is located midway through the property and features integrated fridge/freezer, electric oven, electric hob and extractor. The room is fitted with beech-effect wooden cabinets with pink granite effect work surfaces. 

SHOWER ROOM 6' 10" x 5' 1" (2.08m x 1.55m) The bathroom is located adjacent and is fully tiled in white with upright shower cubicle with electric shower, WC, basin and chrome towel rail.  

AGENTS NOTES This property is being offered with no onward chain and is currently Let via Martin & C0/Executive Lets for £425 a calendar month. In terms of a rental value to a property investor, this would provide an annual return to any investor of £5,100. Investors would look for returns on these type of properties in Plymouth of c. 5-6% gross, having a favourable 8.5% return. The apartment would be a good investment for someone wanting a purpose-built apartment and sitting tenant.  

VIEWING ARRANGEMENTS Interested applicants should call Martin & Co (Plymouth) today on 01752 255 255 in order to arrange their viewing appointment.  

NOTES TO PURCHASERS We endeavour 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.  

LEASEHOLD INFORMATION We understand that the apartment is held on Long Lease from 2004 having 110 years remaining and subject to a maintenance charge of approximately £1472 per year(includes building insurance) and ground rent of £50 PA. The above information is provided in good faith, although we would recommend prospective purchasers consult their own solicitor for formal verification.  

Book a viewing

Contact Martin & Co Plymouth

  • 27 Mutley Plain
  • Plymouth
  • PL4 6JG

Call 01752 255255

plymouth@martinco.com

Contact us now