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Underwood Road, Plympton Guide Price £575,000

Sold STC
  • Front
    Underwood Road
  • Aerial
    Underwood Road
  • Garden
    Underwood Road
  • Rear Terrace
    Underwood Road
  • Rear
    Underwood Road
  • No.28 Plans
    Underwood Road

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  • GUIDE PRICE £575,000 to £600,000 Freehold
  • Row Of Cottages In Seven Units
  • Six Properties Fully Let
  • Vacant Commerical Unit with PP to Convert Into Residential Cottage Included
  • Consistently Let With Current Income In Excess Of £33,000
  • Large Gardens To The Rear
  • One Freehold Title

GUIDE PRICE £575,000 to £600,000 **Investment Portfolio For Sale** A Unique opportunity to acquire a row of cottages in a popular area of Plympton, currently arranged as 6 individual properties all let on short assured tenancies, plus a vacant commercial property with planning permission to convert into a one bedroom cottage. The properties have all been consistently let during the owners tenure of over 40 years, and now offer huge scope for onward investors. Grade II Listed in part. Contact Mark Keane at Keane & Parker for more information.

Located along Underwood Road, being No.s 24-30, the properties are conveniently located for access in and out of the Plympton area, and with a number of shops, health and leisure facilities all nearby, all of the properties have been continually let on Short Assured Tenancies throughout the current owners ownership. The portfolio consists of two cottages divided into four flats and two further 2 bedroom cottages. In addition to these, there is vacant property being a former shop with accommodation over which now has planning permission to convert into a one bedroom cottage.

Currently, all of the properties are let on Short Assured Tenancies with a gross annual income in excess of £33,000. This income will be further enhanced with the conversion of the commercial unit. To the rear of the property, there is a large garden providing much amenity and outdoor space to the properties. No. 28 Underwood Road, the former shop with room above, has now been granted conditional planning consent No.21/01787/FUL to convert into a one bedroom residential property. All drawings and documents are available online regarding the consent at or through the agent. The property is held on one Freehold title. No.s 26 to 30 are Grade II Listed, whereas No. 24 & 24A are not. For a full breakdown and more information on the tenancies and to arrange a viewing, please contact the sole agent Keane & Parker.

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Name Location Type Distance
Underwood Road
Plympton PL7 1SY
County: Devon
Sale Type: Sold STC
Ref #: KP771
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