Summary - British Heart Foundation,95 Mutley Plain,PLYMOUTH,PL4 6JJ PL4 6JJ
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Mixed-use property with two commercial units and three residential flats.
- Prime location on Mutley Plain with high foot traffic and easy access to the city center.
- Current combined annual income of £92,500, set to rise in August 2024, reflecting a gross yield of 10.5%.
- Commercial tenants include reputable local businesses, secured on full repairing lease terms.
- Well-maintained property with potential for further development or conversion.
**Notable Concerns:**
- Located in a high-crime area.
- No visible outdoor space or greenery, typical for an urban setting.
This impressive mixed-use commercial investment on Mutley Plain presents a unique opportunity for investors seeking solid rental returns. The property features two bustling commercial units—one occupied by Children’s Hospice South West and the other by Moo Music, a charming local café—coupled with three spacious residential flats fully tenanted primarily by students. The overall size of approximately 4,753 square feet offers substantial room for business and leisure, catering to the cosmopolitan neighborhood's youthful vibe.
With an attractive annual income of £92,500 and a projected yield of 10.5%, this opportunity combines immediate income with potential growth as city appeal continues to rise. The property’s prime placement ensures excellent visibility and accessibility, ideal for capitalizing on the local student market. However, prospective buyers should be mindful of the area’s high crime rate, which could impact investment desirability. Don't miss out on a chance to secure a prominent piece of commercial real estate in a thriving student locale!
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