Duke Street, Plymouth

For sale Offers Over £1,000,000 Freehold
pin Duke Street, Plymouth, PL1 4EE
Sold STC

Overview

Property ID: 42631
  • rps_pie-PLY232272 Ref
  • House Type
  • Under Offer Availability
  • 16 Bedrooms
  • 10 Bathrooms
  • 10 Reception Rooms
  • Freehold Tenure

Full Details

We are thrilled to introduce a unique opportunity to the market; a portfolio comprising 11 fully occupied properties. This cherished family portfolio has been well-maintained for years, fostering long-term relationships with many 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. This diverse portfolio encompasses a variety of property types, including three spacious two-bedroom houses spanning three floors, a generously sized two-bedroom maisonette, a cozy two-bedroom maisonette, and six comfortable one-bedroom apartments. These properties are in good condition, with some recently refreshed interiors. Additionally, the portfolio includes a shared concrete space accessible to all tenants, providing a communal area for amenities such as laundry and outdoor drying lines. An added perk in this offering is the inclusion of two garages, a rare find in this sought-after location. In today's rental market, the estimated combined annual income from these 11 properties stands at an impressive £99,000. With the additional garages sure to also command a rental value, the portfolio as a whole will exceed a 10% return on investment.

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