Central, Plymouth PL4

Property Details: • Type: N/A

• Bedrooms: 28 • Bathrooms: 0

Description: Excellent investment opportunity<br><strong>Overview</strong><br><br>•Fully let substantial student property opportunity in Plymouth.<br>•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.<br>•Well maintained and offered in immaculate condition throughout<br>•The accommodation has been 100% rented throughout since conversion<br>•Rental income of £209,700 being generated for the year 2025/26<br>•Good locations in popular student areas.<br><strong>Proposal</strong><br><br>Offers are invited in excess of £2million, representing a capital value per bedspace of £75,000 with a gross rental yield of 10.5%<br><strong>Location</strong><br><br>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.