Wolsdon Street, Plymouth

SUMMARY ***AN EXCEPTIONAL INVESTMENT OPPORTUNITY***
Presenting a superb opportunity for investors, this impressive Victorian terraced property stands as a prime example of a meticulously managed, income-generating asset. 

LOCATION The district boasts a variety of amenities, including local shops, cafes, pubs, and restaurants, particularly around the popular Union Street and Durnford Street areas. Recreational opportunities are abundant, with easy access to the waterfront, including the Royal William Yard - a stunning former victualling yard transformed into a premier destination for dining, arts, and leisure. The historic Devil's Point offers green spaces and breathtaking views across Plymouth Sound.

Stonehouse benefits from excellent transport links, connecting it seamlessly to the city centre, Plymouth Hoe, and other parts of the city. Ongoing regeneration projects continue to enhance the area's appeal, bringing new residential and commercial developments while preserving its unique character. Stonehouse offers a dynamic urban lifestyle with a deep connection to Plymouth's maritime legacy. 

DESCRIPTION This substantial residence has been professionally converted into three self-contained flats, each benefiting from its own separate Energy Performance Certificate (EPC) certification, ensuring compliance and efficiency. Offered for sale with all three units currently fully tenanted, this property promises immediate cash flow and significant long-term capital growth potential in a highly sought-after rental area.

Accommodation:

Ground Floor Flat:
The inviting ground floor flat comprises a comfortable one-bedroom layout, featuring a bright lounge area, a generously proportioned and well-equipped kitchen, and a convenient shower room. This flat also enjoys direct access to a private rear courtyard, offering a valuable outdoor space. It is currently let on an Assured Shorthold Tenancy (AST) commencing from 5th July 2024, generating a consistent rental income of £750 per calendar month. The EPC Rating for this unit is D60.

First Floor Flat:
Ascending to the first floor, you will find a spacious and appealing two-bedroom flat. This unit boasts a welcoming lounge, a large and functional kitchen, and a well-appointed shower room. This flat has been securely let on an Assured Shorthold Tenancy (AST) since 15th January 2024, providing a healthy rental income of £845 per calendar month. The EPC Rating for this unit is C70, indicating good energy efficiency.

Second (Top) Floor Flat:
The second, or top, floor flat offers a charming one-bedroom layout, complete with a comfortable lounge, a practical kitchen, and a full bathroom. This long-standing tenancy has been in place since 13th July 2020, demonstrating its appeal and stability, with a current rental income of £600 per calendar month. The EPC Rating for this unit is C75, signifying excellent energy performance.

Investment Potential:

With all three flats fully occupied, the property generates a robust total annual rental income of £26,340. This impressive figure translates to a strong gross yield of 9.5%, highlighting the property's exceptional performance as an investment. This income-generating asset offers immediate cash flow from day one, coupled with the inherent benefits of long-term capital appreciation in a high-demand rental market. Its prime location and well-maintained condition further enhance its appeal to astute investors seeking a reliable and profitable addition to their portfolio. 

VIEWINGS Interested applicants should contact Martin & Co today on in order to arrange their viewing appointment. 

NOTICE TO APPLICANTS
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. We routinely refer potential purchasers to Move With Us conveyancing. It is your decision whether you choose to deal with Move with Us. In making that decision, you should know that we receive an annual payments benefits, equating to approximately £200 per referral.