6 Bedroom Property for Sale

High Street, Stonehouse, Plymouth, Devon, PL1

Offers Over £300,000

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Full Description

This imposing infamous building is a developers dream. Positioned adjacent to the gates of The Millfields in Plymouth, not far from the Royal William Yard and the City Centre, this three story prominent dwelling is ready for development. The ground floor was previously a busy pub, however now with residential usage has planning permission approved for two sizeable ground floor apartments. Planning number 21/00572/FUL. These apartments finished to the right standard, could comfortable a combined sales value of ?300,000 or a combined rental income of ?1,500 per month. The floor above offers a substantial three double bedroom maisonette, which has additional access via an external staircase. This flat is certainly in need of renovation, however in its current condition is currently let out still, however if needed can be vacant upon completion. Above, there is a final one bedroom apartment, decorated to a fresh and contemporary standard, again currently rented however can be vacant if required. If separated, the three bedroom apartment once renovated could secure ?180,000 or instead rented for ?1000 per month. The flat above is worth approximately ?120,000 and should generate ?600 per month. There is a large side garden which offers ample off street parking or garden areas. EPC: TBC