Summary - 75-77, CORNWALL STREET PL1 1NS
36 bed 36 bath End of Terrace
**Highlighted Features:**
- **Investment Potential:** Mixed-use property with gross yearly income of £229,725
- **Retail Space:** Ground floor retail unit (2,821 sq ft) generating £37,525 PA
- **Residential Units:** 36 en-suite rooms across nine self-contained apartments, fully furnished
- **Modern Amenities:** Well-equipped kitchens, spacious living areas, and contemporary design
- **Lease Details:** 116 years remaining on a leasehold from Plymouth City Council, with a yearly ground rent of £6,000
This substantial end-of-terrace property offers a unique investment opportunity situated in Plymouth's vibrant city center. With a combined gross income of £229,725 per year, it features a substantial retail space on the ground floor along with 36 modern en-suite rooms divided into nine self-contained apartments, which are perfect for the growing student demographic in the area. Built in 2018, all residential units are thoughtfully designed with modern kitchens and living rooms, ensuring both comfort and contemporary appeal.
While the area is bustling with amenities and has a prime location, potential buyers should be mindful of the high crime rates and the expensive ground rent. Additionally, with an ever-increasing demand for student accommodation, this property stands to offer promising returns on investment, making it ideal for both seasoned investors and first-time buyers looking for rental income. Opportunities like this are rare, so don’t miss your chance to capitalize on this prime asset in a cosmopolitan student neighborhood!
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