Central, Plymouth
- PROPERTY TYPE
House
- BEDROOMS
28
- BATHROOMS
16
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Gross Annual Income £209,700 X2 Portfolio For Sale
- X2 Fully Licensed HMO Properties
- Chain Free
- Sold As Ongoing Concern
- Excellent Yield
- Excellent Condition
Description
OVERVIEW
•Fully let substantial student property opportunity in Plymouth.
•The accommodation comprises 19 bedrooms in cluster flats and 9 studio apartments spread over two former pubs converted to high-quality student accommodation around 15 years ago.
•Well maintained and offered in immaculate condition throughout
•The accommodation has been 100% rented throughout since conversion
•Rental income of £209,700 being generated for the year 2025/26
•Good locations in popular student areas.
PROPOSAL
Offers are invited in excess of £2million, representing a capital value per bedspace of £75,000 with a gross rental yield of 10.5%
LOCATION
The coastal city of Plymouth, where the properties are located, is the second largest city in the south-west of England with a population of c.265,000 and a student population of around 23,000. It has good transport links to Exeter, Bristol and London.
The Mutley Tavern provides 15 bed spaces, across 2 flats and 4 Studios, all well maintained and secure. It is located in the popular student location of Mutley, offering a range of amenities including shops, pubs, and food outlets. The University of Plymouth is within a 12 minute walk. Annual gross rental for the building is £109,100
The No Place Inn is located on North Road West providing 13 bed spaces, across 2 flats and 5 studios, all ensuite also well maintained and secure. Off street parking to the rear, well located for amenities, with the university of Plymouth a 15 minute walk. Annual gross rental for the building is £100,600.
PLYMOUTH STUDENT MARKET
There are around 23,000 students in Plymouth, the majority of whom study at the University of Plymouth.
Total PBSA supply consists of only 6065 beds. Additionally, there are zero beds in the planning or development pipeline, so strong demand for Student Accommodation can be expected going forward.
Brochures
Central, PlymouthBrochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Central, Plymouth
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Visit our security centre to find out moreDisclaimer - Property reference 34556857. 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 Clever, Plymouth. 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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