About the Property
*Guide Price £575,000 – £595,000*
Cross Keys Estates are delighted to present for sale a fantastic opportunity to acquire an established investment property, perfect for any budding investor or to add to an established portfolio. The property comprises two ground floor retail units, which both have recent good length leases in place and offer storage areas, toilet facilities and front to rear access. Four apartments which all vary in size and proportion with an added stunning rear communal garden. This building currently brings in a rental figure circa £48,000 per annum which is giving a gross yield of approx. 8.5% and would therefore make a smart addition to any portfolio, offering a lucrative return on this investment. This property enjoys a prime precinct/residential location in the heart of Hyde Park which will ensure the desirability of this property. The building is offered with no onward chain and an early internal viewing comes highly recommended to appreciate all that it has to offer.
- Mixed Use Investment Property
- Desirable High Street Location
- Four Residential Apartments
- Two Smart Commercial Retail Units
- Early Viewing Recommended
- Ideal Investment Opportunity
- No Chain, Circa £48,000pa Income
- Established Portfolio, 8.5% Yield
- Fantastic Communal Gardens
- EPC - D65 (Various EPC's on file)
Peverell is an extremely well regarded area and has come to be known locally as very desirable due to its abundance of period terraced family homes. Situated along Hyde Park Road, the property boasts an enviable position in the centre of this highly desirable area close to Central Park. Its location allows the benefit of being within walking distance of many local amenities found further along Hyde Park Road and Mutley Plain. Regular bus services operate along Hyde Park Road, Peverell Park Road and Weston Park Road giving access into Plymouth City Centre and other areas further afield. This property also benefits from being within the catchment area of Hyde Park Primary School which is very popular locally and currently boasts a good Ofsted Report and the independent Plymouth College.
Plymouth - The Ocean City
Plymouth is a city on the south coast of Devon, about 37 miles south-west of Exeter and 190 miles west-south-west of London, between the mouths of the rivers Plym to the east and Tamar to the west where they join Plymouth Sound to form the boundary with Cornwall, it is also adjacent to one of the most natural harbours in the world. To the North is the Dartmoor National Park extending to over 300 square miles and which provides excellent recreational facilities. The city is home to more than 260,000 people, making it the second-largest city in the South West, after Bristol and has a full range of shopping, educational and sporting facilities. There is mainline train service to London (Paddington) and to Penzance in West Cornwall. Plymouth is governed locally by Plymouth City Council and is represented nationally by three MPs. Plymouth's economy remains strongly influenced by shipbuilding and seafaring including ferry links to Brittany and Spain, but has tended toward a university / student economy since the early 2000's. It has the largest operational naval base in Western Europe – HMNB Devonport.
Cross Keys Estates are proud to work in partnership with Peter Nixon Financial Services, our whole of market mortgage specialists. With over 18 years industry experience, they are able to source the very best deal to meet their customers circumstances. Offering professional and friendly advice on residential and investment mortgages. Please get in touch to arrange a free, no obligation appointment to see how they can help you. Tel. 01752 255905, Email. firstname.lastname@example.org
Cross Keys Estates also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call Jo Rees, Lettings Manager on 01752 500018
Please cleck on the link below to view or download all the property details in a single PDF document (opens in a new window).
Location MapOpen In Google Maps
Hyde Park Road, Peverell, Plymouth, Devon, PL3 4JN