10 St. Michaels Close, Plymouth, Devon, PL1 4RX

*Guide Price £55,000 (+ fees). For sale via Online Unconditional Auction starting on 21/08/2023 and ending on 22/08/2023. A one bedroom purpose-built apartment in a waterside location with tenants in situ producing a gross income of £7,500 per annum. Investment Opportunity in a Waterside Location A one double bedroom ground floor flat situated within a quiet development to the West of Plymouth City called Mutton Cove. Steeped in Naval history and set on the banks of the Tamar Estuary, the property is located close to the waterfront with local amenities nearby as well as various walks and panoramic views of the Tamar and Mount Edgecumbe. The property is an attractive ongoing investment opportunity with tenants already in situ. Great purchase for a buyer looking for a turnkey investment opportunity with minimal hassle! Approximate rental yield of over 13% based on the guide price! AUCTIONEERS NOTE The property is currently let on an Assured Shorthold Tenancy Agreement for the term of 6 Months commencing on 09/06/2023 and thereafter shall continue as a monthly contractual periodic tenancy on the same terms and conditions until terminated by either party. The property is producing a gross income of £7,500 per annum (£625pcm) and further details can be found within the legal pack which is available to download free of charge via our website. Please note, photographs were taken prior…

From the Auction House South West listing. Read the full listing and legal pack →