22, Lockyer Street, Plymouth, Devon, PL1 2QW
22 Lockyer Street is the former Plymouth Chamber of Commerce and is undergoing extensive development which will comprise of 5 flats with the lower ground, ground floor, first floor and second floor being spacious 2-bed apartments and then a large 1-bed apartments on the third floor. The planning number is 19/01413/FUL.
As standard BTL properties, we envisage an income of £58,200 PA which equates to a yield of 6.4% +.
The properties could also be used as ideal short-term rentals for contractors (off-peak) and tourists and there is an expectation that an income of £142,332 can be generated PA which equates to yield of 15.81% gross.
We have a full breakdown available on request.
*Please note that the images used in this listing relate to a completed project by the developer a few minutes walk away. We have CGIs available upon request for 22 Lockyer Street and will be updated the images as the development progresses.
Flat 1 - 2-bed apartment - expected income £12,000 PA
Flat 2 - 2-bed apartment - expected income £12,000 PA
Flat 3 - 1-bed apartment - expected income £12,000 PA
Flat 4 - 1-bed apartment - expected income £12,000 PA
Flat 5 - 1-bed apartment - expected income £10,200 PA
Total - Income £58,200 - Yield 6.4%
Completion Expected Winter 2020
Striking Building and Development
Respected Local Developer
Management Agent in Place
Potential Holiday Let Opportunity
2% + VAT Buyers Fee Applies
Photos for illustration purposes only as the block is still currently being developed