Ocean Street, Plymouth

This unique mid-terrace property presents an excellent investment opportunity, arranged as four fully self-contained flats across three floors. The property is currently generating an impressive gross yield of 11.7%. Each flat features its own kitchen, shower room, and dedicated storage space, ensuring convenience and privacy for tenants. The property consists of two studio flats and two one-bedroom flats, along with a communal laundry area. With some tenants having resided here for over six years and keen to continue their tenancy under a new landlord, this property offers immediate rental income stability.
Flat Breakdown:
Flat 1 (Studio) – Located at the rear of the property, this studio features a modern kitchen, a main living area with an en-suite, and exclusive access to a private ceiling storage area.
Flat 2 (Studio) – Situated on the left upon entering the property, this studio includes a contemporary fitted kitchen leading into a living and sleeping area, complemented by a bay window facing the front aspect. Additional private under-stairs storage is also available.
Flat 3 (One-Bedroom) – The largest unit, occupying the first floor, it boasts a spacious modern kitchen, a generous living room, a separate bedroom, and an en-suite bathroom.
Flat 4 (One-Bedroom) – Positioned in the roof space, this flat features an open-plan kitchen and lounge area, a bedroom with a Velux window, and a separate bathroom.

Externally, the property benefits from a communal courtyard and is ideally located near Devonport Naval Base. This property is for Cash Buyers Only – A fantastic opportunity to expand your portfolio with a well-established rental property in a prime location! EPC:C

Flat 4

Kitchen/Diner
Carpeted flooring, sky light, sink with hot and cold mixer tap, space for fridge freezer

Bedroom
Vinyl flooring, sky light

Bathroom
Vinyl flooring, sky light, toilet, bath tub, sink with hot and cold mixer tap

flat 3

Kitchen
Tiled flooring, uPvc double glazed window to the front, sink with hot and cold mixer tap, space for fridge freezer

Living Room/Diner
Laminate flooring, radiator, uPvc double glazed window to the front

Bedroom
Laminate flooring, radiator

Bathroom
Laminate flooring, uPvc double glazed window to the rear, toilet, shower cibicle, sink with hot and cold mixedr tap

Landing
Carpeted flooring, uPvc double glazed window to the rear

Entrance Hall
Vinyl flooring, door to enter, carpeted stairs leading to first floor

flat 1

Kitchen
Laminate flooring, radiator, space for fridge freezer, oven

Living Room/Bedroom
Laminate flooring, radiator, uPvc double glazed window to the rear

Bathroom
Laminate flooring, uPvc double glazed window to the rear, toilet, shower cubicle

Laundry room
Tiled flooring, door leading out to the garden, boiler

Flat 2

Kitchen/bedroom
Laminate flooring, sink and drainerwith hot and cold mixer tap, oven induction hob, uPvc double glazed window to the side

Bathroom
Vinyl flooring, uPvc double glazed window to the rear, toilet, sink with hot and cold mixer tap, shower cubicle

Garden
Court yard garden good size, concrete flooring, space for table