5 bed Flat For Sale, St. Pauls Road, Southsea, Hampshire PO5

Description

Key features
5 bedroom HMO right in the heart of campus tenants in situ gross return in excess of £27,000 P/A no chain fantastic investment close to university library
Property description
Tenure: Leasehold

Morris Dibben have an exciting investment opportunity situated directly oppossite the city centre campus.

Benefitting from tenants in situ until July 2022, this five bedroom HMO currently generates a gross return in excess of £27,000 per annum.

This spacious apartment is laid out over three floors of an historic building, with the student union and university library only moments away, making this a student's dream!

A shrewd purchase for the discerning investor.

Communal Entrance Hall -

Apartment Entrance Hall -

Bathroom -

Bedroom One - 3.43m x 2.87m (11'3" x 9'5") -

Bedroom Two - 3.33m x 2.18m (10'11" x 7'2") -

Bedroom Three - 3.07m x 2.77m (10'1" x 9'1") -

Boiler Room And Utility -

Lower Floor - 3.76m x 2.95m maximum, irregular shaped room (12'4 -

Communal Lounge - 3.76m x 2.95m maximum, irregular shaped room -

Basement -

Bathroom -

Kitchen - 2.51m x 2.44m (8'3" x 8') -

Bedroom Four - 4.24m x 2.67m not including door recess (13'11" x -

Bedroom Five - 2.74m x 2.51m (9' x 8'3") -

Further Information - council tax band: A, £1,211.70 for 2021/22.

Lease details: 125 year Lease from June 1983,86 remaining.
We are informed by our vendor that the current service charge is circa £2,000 p/a.
Please note: The stated current rental income figure is for the Gross income (bills included). We are informed by the vendor that the current utility costs equate to between £2,000 - £2,500 per annum giving a Net rental income of circa £24,500 - £25,000 per annum. We would urge that you make your own enquiries for exact figures via your conveyancer should you wish to proceed with a purchase of this property.

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5 bed Flat For Sale £390,000 St. Pauls Road, Southsea, Hampshire PO5

5 bed Flat For Sale £390,000
St. Pauls Road, Southsea, Hampshire PO5