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