Plymouth, Devon PL2

This property presents a unique investment opportunity combining two modern double-bedroom apartments with a vacant commercial unit, all under a single freehold title. The residential section consists of two recently renovated apartments, each generating £975 per month in rental income, amounting to an impressive annual total of £23,400. Their proximity to Babcock International enhances their appeal to professional renters, ensuring consistent occupancy rates. Additionally, the ground-floor commercial space, currently unoccupied but expected to yield around £500 per month, offers potential for diversification in income streams. Notably, this unit comes with existing planning permission for conversion into a one-bedroom maisonette, allowing for further value enhancement through development. With an overall gross yield of around 11.31%, this property stands out as a sound investment choice with both immediate returns and long-term upside through strategic redevelopment.