Summary - 59, PEMBROKE STREET PL1 4JR
1 bed 1 bath Pub
**Standout Features:**
- Freehold investment opportunity with ground floor leased to tenant at £8,400 p.a. until May 2025.
- Seven upper rooms primed for development into 1-3 apartments (subject to planning permission).
- Corner position offering substantial visibility in a mainly residential area.
- Total size of 1,403 sq ft across three stories, with renovation potential.
**Potential Downsides:**
- Current tenant lease may complicate financing; lenders may be hesitant.
- Property shows signs of requiring renovation and updates.
- Local area marked by above-average crime rates and high deprivation levels.
Discover a unique investment opportunity at The Half Moon, a historic pub with substantial development potential located in the vibrant community of Devonport, Plymouth. This three-story end-of-terrace building features a rented ground floor pub area that provides immediate rental income, while the upper level boasts seven flexible rooms ready for conversion into desirable apartments (pending planning permission). Positioned at a prominent corner, this property not only offers easy accessibility but also the possibility to tap into the local rental market, catering to the surrounding residential community.
Although the property requires renovation and currently faces challenges with financing due to the remaining lease, its potential for future development is significant. With its rich history and prime corner location, The Half Moon invites you to envision transforming it into a thriving investment. Don't miss the chance to capitalize on this remarkable offering in a city with strong maritime connections and a growing service economy—an opportunity not likely to last!
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