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.
This unit is currently renting approximately a 6.2% NET yield.
Ground Rent:£150 p/a
Service Charge: £900 p/a (estimate)
Management Fee: £500 p/a
Gross Rental: £5,000.
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.
Number of units available:
Property Price: £55,000
On Reservation: £2,500 (this is fully refundable should the sale not complete)
Balance on Completion: £52,500