Key Features

• Mixed use commercial investment arranged over five levels. Two commercial units with residential upper floors.
• Mainly let to students on the upper floors. Conveniently located on Mutley Plain with easy access to the city centre.
• Combined annual income £92,500 rising in August 2024.
• Asking price £795,000 reflecting a gross yield of 10.5%.

Description

Two well located retail units on Mutley Plain, one let to Childrens Hospice South West and the other to Moo Music, a local independent soft play café for young children and their parents. Both the commercial units comprise a ground floor and basement. The upper floors consist of three spacious flats, one flat located on each level, currently fully occupied with an established income which is set to increase from August/September 2024. The building is well maintained throughout with each of the commercial tenants on full repairing lease terms. The upper floors are accessed via a staircase and entrance located immediately next to Moo Music.