2 bed terraced house

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2 bed terraced house

Percy Terrace, Plymouth PL4
£150,000

Our Summary

  • A dual faceted freehold investment opportunity comprising of a ground floor commercial property, with A3 & A5 use, currently let and part way through a 2 year lease, generating an income of £700 pcm/£8,400 pae, along with a two bedroom first floor self-contained apartment, let on a rolling AST at £650 pcm/£7,800 pae

Description

This dual-faceted freehold investment opportunity in Lipson, Plymouth, comprises a ground floor commercial property with A3 and A5 use, currently let on a 2-year lease, generating £8,400 per annum, and a self-contained two-bedroom apartment on the first floor, let on a rolling AST, producing £7,800 per annum. The combined income is £16,200 per annum. The properties are presented in good order and are situated in a popular residential area close to the city centre, local shops, and amenities. The ground floor property features a main restaurant and servery, rear hall, and storage rooms, while the first-floor flat has a railed roof-top terrace, kitchen, shower room, living room, and two bedrooms. Viewings are strictly by prior appointment, and the properties have EPC ratings of B and E respectively, with council tax bands of £6,600 and A.