1/18
SSTC
North Hill, Plymouth
5
5
5
Offers Over
£325,000
Offers Over
£325,000
Unique Investment Opportunity: Portfolio of Five One-Bedroom Apartments
Fully Occupied with Established Long-Term Tenants
Well-Maintained Properties Ready for Immediate Rental Income
Communal Concrete Space for Tenant Amenities
Current Income Generating Approximately £34,500 Per Annum
Attractive Yield Close of more than 10%
Scope for Re-Decoration and Rental Reviews to Boost Returns
Secure and Hassle-Free Rental Business Opportunity
Floor Plan 1
Floor Plan 2
Floor Plan 3
Floor Plan 4
Floor Plan 5
Property Type
House
Property Style
Terraced
Parking
None
Garden
Communal
Tenure Type
Freehold
We are thrilled to introduce a unique opportunity to the market; a portfolio comprising five self-contained one bedroom apartments, all of which are currently occupied.
This cherished portfolio has been well-maintained for years, fostering long-term relationships with all of its tenants. As a result, it is primed and ready for someone to step in and immediately enjoy the benefits of a hassle-free rental business.
These properties are in good condition. Additionally, the portfolio includes a shared concrete space accessible to all tenants to the rear, providing a communal area for amenities such as outdoor drying lines and socialising. The five properties today generate circa £31,000 per annum, resulting in a nearly 9% yield. If the individual properties were to be re-decorated and rental reviews scheduled, there's no reason an investor wouldn't be able to achieve a 10% yield. EPC: D
EPC 1
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