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10 bedroom detached house for sale

Craigie Drive, The Millfields , Plymouth

Sold by Us £510,000

Property Description

Key features

  • Within The Exclusive Millfields Development
  • Planning Permission For 5 Luxury Apartments
  • Self Contained Commercial Unit
  • 11 Parking Spaces
  • Currently Tenanted (with an 11% return)
  • Instant Return On Your Investment
  • Planning Application: 15/00529/FUL

Full description

Tenure: Freehold

PROPERTY DESCRIPTION 'The Millfields', originally the Royal Naval Hospital, occupies walled grounds of approximately 26 acres and boasts 24 hour on-site security. Located less than one mile West of the City Centre and within a short distance of the increasingly popular Royal William Yard, 'The Millfields' has seen its popularity increase year on year with Sandon Court being one of the last buildings to be developed.
Sandon Court is a Grade II listed building that is currently let on a short hold tenancy agreement until January 2019 and dependent on when a buyer would like to take ownership of the property, could provide an immediate income stream.

Planning permission has however been granted to convert the property to include 5 self- contained luxury residential apartments with a lower ground floor commercial unit. The commercial unit could provide an income of circa £10,000 pa, but again dependent on a buyers needs and desire (and subject to the relevant planning and consent), could also be converted to offer an additional residential apartment.

The property itself has retained many of the original features including a stunning vaulted ceiling in the upper floor apartments. The apartments range in size from 640sq-ft to 1400sq-ft and with parking at a premium so close to the City Centre, this building has the benefit of 11 parking spaces. Located so close to the best of what Plymouth has to offer, within a secure gated environment with parking and character features, there will be an apartment to suit most buyers!

This is a really exciting development opportunity for any potential investor; for more information contact us as soon as possible to arrange an appointment. 

AREA LOCATION Plymouth is a busy and thriving City situated on the South Coast of Devon. There are beaches for the sun worshippers amongst us, and Dartmoor for the walkers all just a short drive away from anywhere within the town.
This City boasts plenty of entertainment with a thriving nightlife and ample theatres, cinemas & casinos, numerous tourist attractions to include; Plymouth Hoe, The Barbican and The National Marine Aquarium as well as a plentiful shopping mall in the heart of the City centre.
The Royal William Yard, steeped in history, has fast become one of the cities most favoured haunts with various eateries, boutiques, beauty salons and wine bars, but should you require something a little more energetic, you could perhaps seek out the Ski Lodge, Ice Rink or the various Diving and Sailing Clubs - there really is plenty to offer all ages!
The transport links are easily accessible to get from City to City via the A38. Whether by ferry, rail, bus or coach, public transport from Plymouth is plentiful; Paddington is under four hours away by rail and the ferry to Roscoff in France takes only 6 hours.
With the increasing growth of Plymouth University, investment and plans to re-develop the City in abundance over the next few years, this City has more to offer than ever before.  

More information from this agent

Listing History

Added on Rightmove:
14 September 2017

Map & Street View

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