Property Information
Address:
11 St. Erth Road, Plymouth, Devon
, PL2 3SW
, Devon
, United Kingdom
Price: Property no longer available.
Size: SOA
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH664871
Property Ref/Agent: 5454
*Please use the agent ref when calling the agent directly.
Property description
Description
A large versatile three storey link-detached mixed commercial and residential investment arranged as a fully let nine-bedroom HMO and an established family run exotic bird business on the ground floor.
The residential component is split into two properties - the six-bedroom accommodation being on the upper two floors of the main building, and a further three bedrooms in the annexe accommodation adjoining the principal building. Both sections of the residential component have a kitchen, living room and bathroom with W.C. and will appeal to investors looking to retain the set-up. Externally there is private parking for 2 vehicles.
Location
Plymouth is the largest city in Devon and Cornwall and one of the largest regional centres in the South West with a residential population of approximately 250,000 inhabitants which is projected to rise within the next 10 years to approximately 300,000. Plymouth is situated on the border with Cornwall in the picturesque county of Devon and is easily accessible with the main A38 located circa 2 miles north of the city centre, running west into Cornwall over the Tamar Bridge and connecting with the M5 motorway at Exeter some 50 miles to the north-east. Plymouth also benefits from a railway station on the main Penzance to Paddington line and a cross channel ferry terminal.
St Erth Road is situated immediatley off Outland Road, one of the main arterial routes within the City of Plymouth. It is easily accesible to the A38 Devon Expressway with links to Exeter to the east and Cornwall to the west.
Services
All mains services are connected to the premises. Please note we have not tested the apparatus however, our client can provide the necessary certification.
Terms
We are instructed to seek offers in the region of £575,000 for the interest, subject to the existing tenancies. Based upon the ERV a purchase at this level represents a net initial yield of 9.03 % after the allowance of purchasers costs of 4.97%.
EPC
Commercial D(84)
Residential D (64)
Full details available via the agents website.
FULLY LET
Commercial premises let until 2029
Close to A38 and Morrisons supermarket
Good condition throughout
Off street parking
9% return
FULLY LET
Commercial premises let until 2029
Close to A38 and Morrisons supermarket
Good condition throughout
Off street parking
9% return
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