Terraced house for sale in North Hill, Plymouth, Devon PL4
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Property description
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.
Property info
For more information about this property, please contact
Pilkington Estates, PL6 on +44 1752 948331 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pilkington Estates, and do not constitute property particulars. Please contact Pilkington Estates for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.