Under Offer

Plymouth – Two fully let student investments

Combestone House, 14a Hastings Street, Plymouth, PL1 5BA

Offers in excess of £3,125,000

Property Types:
Residential, Student
Sub Type:
Student Accommodation
Tenure:
Freehold

Description

  • Two Freehold properties
  • Comprising a total of 67 letting rooms:
    • Combestone House – 8 x cluster flats, 2 x one bedroom flats and 1 x studio flat comprising 45 letting rooms
    • Valletort House – 22 x self-contained studios
  • Total Current Gross Rent Reserved: £346,752 per annum
  • Gross Initial Yield: 11.10%
  • Each room let subject to an AST for Academic Year 2018/19
  • All flats and rooms fully furnished
  • Combined total of 11 vacant car parking spaces
  • Well located close to Plymouth University and train station

Individual offers for each property will also be considered:

  • Combestone House – Offers in excess of £1,900,000
  • Valletort House – Offers in excess of £1,225,000

Subject to contract