Studio Flat For Sale, Greenbank Court, Greenbank Road, Plymouth PL4

Description

**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

This stunning studio apartment is fully furnished to an extremely high standard and includes a kitchenette and en-suite bathroom. Located in a beautifully redeveloped Grade II listed building, residents of The Court House benefit from boutique-style facilities, including a gymnasium and a common room, which allows students to socialise freely with each other and gives the development a sense of community.

The Court House couldn't be in a more ideal location. The University of Plymouth is only a 10 minute walk away, along with the city centre which offers fantastic retail and nightlife experiences, as well as a cinema and entertainment venues. Plymouth has plenty of local attractions including boat trips, sandy beaches, a waterfront Lido and the UK's largest aquarium. There is also lots of green space to explore with the Dartmoor National Park nearby, this is truly a beautiful area to live in.

Plymouth, otherwise known as ‘Britain’s ocean city’, is home to nearly a quarter of a million people, and is one of the most visited cities in the UK with a tourism trade estimated to be worth £250m a year to the local economy. With over 30,000 students living in the area, Plymouth is an incredibly popular university location and continues to attract a high number of overseas students who represent nearly a sixth of the total student population.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £6,210
Ground rent: £175
Service charge: £1,548
Lettings fees: £621
Net income: £3,866
Gross yield: 12.42%
Net yield: 7.73%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-16799

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Studio Flat For Sale £50,000 Greenbank Court, Greenbank Road, Plymouth PL4

Studio Flat For Sale £50,000
Greenbank Court, Greenbank Road, Plymouth PL4