12 Bedroom Terraced for sale in Plymouth, PL1
Cobourg Street, Plymouth, PL1£740,000
Agent details
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Full Details for 12 Bedroom Terraced for sale in Plymouth, PL1 :
SUMMARY A unique opportunity to acquire this centrally located investment property positioned opposite Plymouth University & currently fully let until July 2016.
The property has been completely refurbished & modernised in recent years offering an excellent standard of student accommodation, with a commercial office to the ground floor currently leased on a 5 year term.
The main house comprises 9 double letting rooms comprising 5 duplex rooms & 4 double letting rooms all with en suite facilities.
A 3 double letting room flat is located above the commercial premises & is also fully let.
RENTAL INFORMATION
9 LETTING ROOM HOUSE In the 9 letting room house 2 rooms are let at £102.69 per week & the further 7 rooms are let at £113.00 on a 48 week contract.
3 LETTING ROOM FLAT Each room of the 3 bedroom flat is let at £100.00 per week on a 48 week contract.
Utilities for the house & the flat are capped on a fair usage basis. Last year gas & electricity for the whole building cost £4698.00.
COMMERCIAL SHOP PREMISES The office premises is currently let at £7000.00 per annum with an £85 per month service charge.
The net rental income per annum is currently £64,528.24.
PARKING There is one allocated parking space to the rear of the property.
SERVICES All mains services are connected but not tested.
VIEWING Strictly by prior appointment through the Agents.
AGENTS NOTE Please note that no appliances or systems have been tested and no warranty as to condition or suitability is confirmed
or implied. Any prospective purchaser is advised to obtain verification from their Surveyor or Solicitor. Any plans
shown are for identification purposes only.
The property has been completely refurbished & modernised in recent years offering an excellent standard of student accommodation, with a commercial office to the ground floor currently leased on a 5 year term.
The main house comprises 9 double letting rooms comprising 5 duplex rooms & 4 double letting rooms all with en suite facilities.
A 3 double letting room flat is located above the commercial premises & is also fully let.
RENTAL INFORMATION
9 LETTING ROOM HOUSE In the 9 letting room house 2 rooms are let at £102.69 per week & the further 7 rooms are let at £113.00 on a 48 week contract.
3 LETTING ROOM FLAT Each room of the 3 bedroom flat is let at £100.00 per week on a 48 week contract.
Utilities for the house & the flat are capped on a fair usage basis. Last year gas & electricity for the whole building cost £4698.00.
COMMERCIAL SHOP PREMISES The office premises is currently let at £7000.00 per annum with an £85 per month service charge.
The net rental income per annum is currently £64,528.24.
PARKING There is one allocated parking space to the rear of the property.
SERVICES All mains services are connected but not tested.
VIEWING Strictly by prior appointment through the Agents.
AGENTS NOTE Please note that no appliances or systems have been tested and no warranty as to condition or suitability is confirmed
or implied. Any prospective purchaser is advised to obtain verification from their Surveyor or Solicitor. Any plans
shown are for identification purposes only.
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