Sold
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