1 bedroom apartment for sale

Mayfair House

Sold STC £60,000

Property Description

Key features

  • 8.50% Gross Return - Turn-Key Investment
  • NEWLY TENANTED Studio Apartment
  • Separate Kitchen and Bathroom
  • No Chain
  • Adjacent to Plymouth University
  • City Centre Location
  • Open Plan Sitting Room - Bedroom
  • First Time Buyer Opportunity
  • Purpose Built serviced Block
  • Popular Rental Location

Full description

Tenure: Leasehold

SUMMARY INVESTORS LOOK IN - NEWLY TENANTED Studio Apartment in Popular City Centre Rental Area - 8.50% gross return on investment. A well appointed modern studio apartment located in the heart of Plymouth city centre adjacent to Plymouth University and Plymouth College of Art and within easy walking distance of Drake Circus, the Barbican and main city centre amenities. 

DETAIL Located on the first floor of this purpose built apartment block, this studio apartment offers a great opportunity for investors seeking healthy returns on investment and a great low cost entry-level property to the investment market.

The apartment is located in a thriving city centre hub popular with student and professionals alike. Situated adjacent to Radnor Halls and immediately between the Faculty of Business and Plymouth College of Art the development is especially popular with overseas and mature students seeking independent living within close proximity to the main university amenities.

Currently let at £425pcm (with room for upscale), the property will provide investors with a healthy 8.50% gross return on investment.

Entry is controlled by a secure intercom with the front door opening into a corridor from which lead the main living / sleeping area, separate kitchen and bathroom. 

LIVING AREA/BEDROOM 11' 1" x 10' 5" (3.39m x 3.2m) This room provides a decent sized living and bedroom. It is seperate from the kitchen and has a double glazed window that looks on to the side aspect. 

KITCHEN 6' 11" x 6' 3" (2.11m x 1.91m) The kitchen is located midway through the property and features integrated fridge/freezer, electric oven, electric hob and extractor. The room is fitted with beech-effect wooden cabinets with pink granite effect work surfaces. There is also a fitted washing machine. 

BATHROOM The bathroom is located adjacent and is fully tiled in white with upright shower cubicle with electric shower, WC, basin and chrome towel rail.
 

CHARGES The property is being sold leasehold with a further 115 years remaining on the title.

Service Charge - c£800pa (taken in six month instalments)
Ground Rent - £50pa 

VIEWINGS This property is being sold at a competitive price and represents a real opportunity for an investor seeking healthy returns in a popular rental area with low upkeep costs.

Interested applicants should contact Martin & Co (Plymouth) on 01752 255 255 today in order to arrange their viewing appointment. 

NOTE TO PURCHASERS We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. 


Listing History

Added on Rightmove:
26 April 2017

Nearest stations

  • Plymouth (0.5 mi)
  • Devonport (1.6 mi)
  • Dockyard (1.9 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Martin & Co, Plymouth - Lettings & Sales

27 Mutley Plain, Mutley, Plymouth, PL4 6JG

01752 966027 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans

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Master Floorplan Image

To view this property or request more details, contact:

Martin & Co, Plymouth - Lettings & Sales

27 Mutley Plain, Mutley, Plymouth, PL4 6JG

01752 966027 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Plymouth (0.5 mi)
  • Devonport (1.6 mi)
  • Dockyard (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Martin & Co, Plymouth - Lettings & Sales

27 Mutley Plain, Mutley, Plymouth, PL4 6JG

01752 966027 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 101449000931. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Martin & Co, Plymouth - Lettings & Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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