Mount Stone Road, Stonehouse, Plymouth, PL1

Lang Town and Country are delighted to bring you a unique and first-time opportunity to acquire this purpose built Apartment Block as one complete unit. Under the same ownership for over 20 years collectively, the property has enjoyed a continuous lettings history and offers the potential for much more. Adjacent to the Stonehouse Pool and the Royal William Yard, now considered to be one of Plymouth`s premier waterside locations, the location offers access to an array of bars, restaurants, galleries, farmers` market and much more.  The Cremyll Ferry is a short walk away which provides access to the wonderful Mount Edgcumbe in South East Cornwall.

48 Mount Stone Road:  48 Mount Stone Road is located at the bottom of this established block of apartments. Stairs lead down to the entrance hall where there is a useful storage cupboard, 2 bedrooms, family bathroom and lounge/diner. From here there is access to a kitchen which has a range of wall and base mounted units.

49 Mount Stone Road: 49 mount Stone Road is a 2-bedroom apartment situated conveniently to take Advantage of the range of restaurants and bars within the acclaimed Royal William Yard. In brief, this first floor apartment consists of entrance hall with access to a useful storage cupboard, 2 bedrooms, kitchen, bathroom and lounge/diner offering fantastic views.

50 Mount Stone Road: The accommodation comprises of a communal entrance on the first floor, with stairs leading to the upper floor, which leads to our apartment entrance door. From the entrance, you’re led straight into the hallway, which has a storage cupboard and access to all rooms.  Both bedrooms are of a good size, that offers space for double beds. The family bathroom comprises a bath with power shower over, wash hand basin, W.C, and a useful storage area that includes the washing machine.  The lounge / diner is very light and spacious, offering superb views towards the Mayflower Marina and the Royal William Yard entrance. The kitchen which leads off of the lounge, is fitted with base and wall mounted units, work surfaces and integrated oven/hob with extractor hood. 

FREEHOLD/LEASE INFORMATION:

We understand the Freehold to the Block was acquired in the year 2000 into a bespoke Management Company established for sole benefit of the Apartment owners as shareholder directors. We further understand the purchaser will enjoy entitlement to this asset by dint of the acquisition. Flat Nos 48 & 49 are each subject to a 99 year lease from 1.10.82, and understand that the vendors of the property are extending the leases to a 999 year lease. and Flat 50 has 999 years from 1.10.83 and are currently let under AST, providing continuity and making this a perfect investment opportunity.  We are also advised that the lease will enable Air BNB’s/Short Term Leases” but would suggest formal verification from solicitor before pursuing a purchase. 

Management and Service Charges: The property is offered free of maintenance and service charges. Ground rents are not payable.

The above information is provided in good faith although we would recommend that prospective purchasers consult their own solicitor for formal verification.

We are advised that the property is currently generating a combined gross income of £1895 PCM, but have not seen statements or evidence to confirm this and would recommend formal verification for any potential purchase or interest.