Mutley Plain, Plymouth, Devon PL4

Property Details: - Type: Property - Bedrooms: 6 - Bathrooms: 0

Agent: Knight Frank - Bristol New Homes Phone: 0117 444 9510

The Student Clubhouse is a prominent asset comprising 30, high-quality bed spaces.<br/>The building is arranged as 5 self contained flats proving 26 en-suite bedrooms and 4 studio flats. A schedule of accommodation along with the rents per room are shown in the attached brochure. The gross rental income is £233,371 per annum. <br/><br/>The property is finished to a premium specification, including full double beds, luxury en-suite bathrooms, 50" HDTVs, and high-speed fibre internet throughout. Operational features such as secure fob access, CCTV, on-site laundry, and secure bike storage further enhance the asset’s appeal.<br/><br/>The accommodation has a 12 year track record of 100% occupancy and a strong reputation for tenant satisfaction, with reviews consistently highlighting the quality of the living environment, responsive management, and well-maintained facilities.<br/><br/>The property is currently let on assured shorthold tenancies for 50-week periods.<br/><br/>Further details including a sample AST, plans, historic capital expenditure, a breakdown of operational expenditure, historic rents, pictures and other documents are available within the data pack which can be made available upon request.<br/><br/>Offers of £2,000,000 invited. Reflecting an attractive Net Initial Yield of 9.32%. (assuming 6.28% purchasers costs).<p><br/>Plymouth is a major coastal city with 265,000 residents and a strong student population of 23,000, known for its maritime heritage and position between Dartmoor National Park and the South Devon coastline. The city benefits from excellent connectivity, located 35 miles from Exeter and offering direct rail links to Exeter, Bristol and London Paddington in under one, two and three hours respectively, with easy access via the A38 and M5.<br/><br/>The Student Clubhouse is prominently situated on Mutley Plain, Plymouth’s most established student area. Its position on the high street places residents within immediate reach of a wide range of amenities including supermarkets, cafés, bars and takeaway options, creating an exceptionally convenient environment for student living.<br/><br/>The University of Plymouth is just a short 9-minute walk from the property, making it an ideal location for students. Plymouth city centre is also easily accessible, taking around 21 minutes on foot or as little as 5–11 minutes by bus, with services running frequently along Mutley Plain.</p>