Citadel Road, Plymouth

An exciting opportunity to acquire a substantial Victorian townhouse that's already set up as a 13-bedroom House in Multiple Occupation (HMO), occupying a prime position on Citadel Road, just moments from Plymouth city centre, the waterfront and the University.

Arranged over several floors, the property offers 13 letting rooms together with 12 bathrooms and shared kitchen facilities, providing a layout that's perfectly suited to multi-occupancy living. The property is currently vacant, giving the new owner the flexibility to complete any remaining works before re-letting or prepare the property for immediate occupation.

According to an independent rental appraisal, once the remaining works have been completed and the rooms are presented to a high standard with quality furnishings, the property has the projected potential to achieve a gross rental income of between approximately £89,580 and £93,060 per annum (approximately £7,465 to £7,755 per calendar month), subject to full occupancy and market conditions. These figures are provided as an indication of the property's income potential and should not be relied upon as guaranteed rental income.

Outside, the property benefits from an enclosed courtyard, providing a low-maintenance outdoor space for residents, while permit parking is available on the surrounding roads.

Situated within easy walking distance of Plymouth city centre, Plymouth Hoe, the historic Barbican, the University of Plymouth and excellent transport links, the location continues to attract strong demand from students, professionals and contractors alike.

This is a fantastic opportunity for investors to acquire a substantial HMO with significant income potential in one of Plymouth's most established rental locations.

Investor Information
Vacant 12-bedroom HMO
12 bathrooms
Shared kitchen facilities
Vacant possession
Projected gross annual rental income: £89,580–£93,060 (subject to completion of the remaining works, full occupancy and market conditions)
Projected monthly rental income: £7,465–£7,755 pcm
Walking distance to Plymouth city centre, the University, Plymouth Hoe and the Barbican
Excellent investment opportunity with strong long-term rental demand

Please note: The projected rental figures and yield are based on an independent rental appraisal and are provided for guidance only. They are not guaranteed and are subject to completion of the remaining works, full occupancy and prevailing market conditions. Buyers should make their own enquiries and satisfy themselves as to any licensing requirements and projected rental income.