Sold

Plymouth – A freehold estate comprising an income producing serviced apartment block and two vacant adjoining buildings.

Opal Villas, Windsor Villas & The Former Coach House, PL1 2HF

Offers in excess of £4,500,000

Property Types:
Residential, Student
Tenure:
Freehold

Description

  • A prominent site occupied by three adjoining buildings:
    • Opal Villas – A large fully operational serviced apartment building comprising 132 studio rooms (C1 use) and 2 penthouse flats (C3 use)
    • The Former Coach House – Currently used as ancillary accommodation to Opal Villas but has potential for reconfiguration
    • 6 Windsor Villas – A Listed vacant Victorian Villa requiring refurbishment.  The building is currently configured to provide 23 bedsits / studio rooms
  • Overall Gross Internal Area (including common parts): 5,717.60 sqm (61,544 sqft)
  • Opal Villas Income:
    • Projected 2018/2019 revenue of £771,588 per annum
    • Projected net operating income of £405,768 per annum
  • Opportunity to drive value through numerous asset management initiatives including redevelopment, refurbishment, change of use and driving operational efficiency
  • Plymouth city centre location within easy reach of HMNB Devonport dockyard

Please contact us below to receive access to the property data site and to arrange a viewing.

Subject to contract