The Kings Arms, 60 Pembroke Street, Plymouth, Devon, PL1
For Sale £295,000 for the Freehold
- Development site with planning and listed building consent for 2 x 5 bed HMOs and 1 x 4 bed HMO, arranged over 3 floors. Planning for 10 en-suite rooms. Sea view from roof terrace
- Full architect designed scheme with construction drawings. Benefit of 5% VAT rate on building works (vacant for 2 plus years).
- £100k pre-approved empty homes, 10 year loan from PCC with 2.5% interest rate and 10 year capital repayment term (subject to final agreement with PCC)
- Asking Price £295,000
The subject property a 19th century building was once a public house located on the corner of Pembroke Street and George Street. It is a striking looking building retaining many original features, immediately observed is its colour, arched windows and turret.
Our clients have obtained full planning and listed building consent with a full architect design scheme with full construction drawings. The building is cleared out and ready for contractors to start on site. The scheme also benefits from the 5% VAT rate on building works (vacant for 2 years plus).
In addition, a £100k pre-approved empty homes 10- year loan from PCC with 2.5% interest rate and 10 year capital repayment term (subject to final agreement within PCC)