Summary Investment Opportunity - Freehold, Grade II Listed development achieving 9% yield/£72,000 per annum.
With Two self contained units, planning permission for a third unit, laundry rooms and views over the marina. Viewing highly advised.
Location Sutton Wharf is located on the waters edge in Sutton Harbour. Sutton Harbour has an array of local and independent traders, including restaurants and businesses, with easy links into the city centre, historic Barbican and Plymouth Hoe.
Sutton Harbour offers easy access to The National Marina Aquarium and is a haven for boat and watch owners. Water taxis located at the historic Barbican travel to Royal William Yard and Mount Batten. Other water taxis link Cremyll street to Mount Edgcumbe and the Rame Peninsula.
Plymouth has direct links in London Paddington and easy vehicle access into Cornwall via the A38 Devon Expressway. Plymouth has a ferry port across to France and Spain, and a roll on roll off ferry across to Torpoint, Cornwall.
The property The property is currently used as two self contained apartments, with a large laundry room used for storage. The ground floor has planning permission for a self contained two bedroom apartment. The property has full gas central heating and has telephone entry systems for each apartment.
You enter the apartment into an open plan living space, with gives access to both bedrooms and the bathroom. There is a window to the side elevation, with a large lounge and dining area, with a fitted kitchen to finish. The fitted kitchen has a range of wall and base mounted units, complete with a work surface over. The kitchen has an integral oven with a four ring gas hob over, with an extraction hood over, with an under counter fridge and dishwasher. There is an inset stainless steel sink drainer unit, with a mixer tap over and a tiled splash back to finish. The open plan living space is superbly presented and has exposed brick walls filling the room with character.
The main bedroom has a window to the side elevation, a feature stone wall and has access to an en-suite bathroom. The en-suite has a panelled bath with a shower overhead, a low level w/c and a vanity unit with a mixer tap over and storage cupboard under. The en-suite is fully tiled and is very well presented. Bedroom two is a single room, with space for bunk beds and has a feature stone wall to finish. There is a small alcove with a rail for hanging clothes.
The shower room has a corner shower, a low level w/c and a hand wash basin. There is an extraction fan and plumbing for a washer dryer, with the shower room being fully tiled.
The laundry room has a Juliette balcony to the front elevation, offering superb views over the Marina. The laundry room could be an excellent addition to Apartment 1, and used as an additional living area or bedroom. Alternatively, the laundry room could be used as a studio apartment and used to generate more income. There is also an additional w/c located nearby.
Apartment Two is located on the second floor, with stairs up to the main living space. The main living space is superbly presented, with a solid wood floor and stunning views over the marina. There are a number of skylights to both side elevations, with a Juliette Balcony and two windows to the front elevation. The main living space has an abundance of original features and beams, with a fitted kitchen located at the rear of the room. There is access into the utility room.
The kitchen has a range of base mounted units, complete with a Granite and solid wood work surface over. There is a range of integral appliances, including a ceramic four ring hob and single oven. There is ample storage space and a breakfast bar which is perfect for entertaining.
The utility room has a storage cupboard and plumbing for a washer dryer. There is a skylight to the side elevation and access into the bedroom. The bedroom is full of period features and has access into the en-suite shower room and a skylight to the side elevation. The bedroom is a great size and is superbly presented. The en-suite has a low level w/c, hand wash basin and a walk in shower. There is a window to the rear elevation and is fully tiled.
The apartment is superbly presented throughout and has solid wood flooring throughout the main living accommodation.
Potential Apartment Three
Located on the ground floor, this area has planning permission for a self contained two bedroom duplex apartment. There are water views over the marina, with the plans including an en-suite bathroom plus complementary bathroom.
Tenure & services Tenure - Freehold
Services - Mains Water, Drainage, Gas & Electricity
EPC - Exempt Grade II Listed