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The Court House, Greenbank Road, Plymouth, PL4 7JY

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Description

Housed in a stunning Grade-II listed building, Greenbank Court provides the overheated student market in Plymouth with 64 spacious, state-of-the-art studio apartments, all of which are fitted and furnished to the highest of standards.

Greenbank Court boasts superb on-site facilities including a state-of-the-art common room for residents to relax, unwind and socialise, as well as a fully-equipped private gym to take advantage of. With these amenities on-site that would not look out of place in a bespoke hotel, residents of Greenbank Court have everything they need under one roof.

Financial Breakdown

This unit is currently renting approximately a 6.2% NET yield.

Let until:11/08/2017
Ground Rent:£150 p/a
Service Charge: £900 p/a (estimate)
Management Fee: £500 p/a
Gross Rental: £5,000.

Lease

The remaining lease is approximately 248 years

*Please note these figures are an estimate as provided by the vendor and Management Company.

This investment is suitable for cash buyers, and is let and managed by a professional letting company on the investor’s behalf.

Specification

Number of units available:

2

Payment Plan:

Property Price: £55,000
On Reservation: £2,500 (this is fully refundable should the sale not complete)
Balance on Completion: £52,500

Region:

Plymouth

Build Status:

Tenanted

Greenbank Court floor plan
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