6 Bedrooms / 3 Bathrooms / 3 Reception
Buyers Choice Plymouth are delighted to present this fantastic investment opportunity to obtain three two bedroom apartments located just off North Hill!
This fantastic property on Clifton Place consists of three large apartments all currently let, as well as fully let for Sep 19 - Aug 2020.
The apartments are spread over four floors, with apartment one on the ground floor, two on the first floor, and three on the second and third floor. They are all self contained and benefit from having access to the rear courtyard.
These apartments underwent full renovations last year to bring it up to the excellent standard it is now at.
Purchase Price - £320,000.00
Annual Rental Income - £31,500
Forecasted expenditure (inc commission, utility allowance, yearly maintenance and summer works) - £11,520
Projected gross yield at 320k = 9.85%
Projected net yield at 320k = 6.25%
The measurements :
Apartment 1 -
Kitchen/Dining/Living Room – 5.3m x 2.8m
Bathroom – 1.6m x 2.8m
Bedroom 1 – 3.1m x 3.5m
Bedroom 2 – 4.4m x 4.1m
Apartment 2 –
Kitchen/Dining Room – 2.8m x 3.9m
Lounge – 3.1m x 4.1m
Bathroom – 1.8m x 2m
Bedroom 1 – 2.2m x 3.8m
Bedroom 2 – 2.2m x 4.4m
Apartment 3 –
Kitchen/Dining – 3.6m x 3.2m
Lounge – 3.2m x 5.3m
Bathroom – 1.7m x 1.8m
Bedroom 1 – 2.1m x 4.1m
Bedroom 2 – 3.2m x 3m
Roof Terrace – 4.2m x 3.3m
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Prospective tenants must rely on their own inspection of the property. Digital images cannot be guaranteed as they intend to give a fair rendering of the property and are subject to change in the development process.