- Fully Let Investment Property +
- Excellent Gross Yield of 11.7% +
- Two Studio & Two One-Bedroom Flats +
- Prime Location Near Devonport Naval Bas +
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