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

Description

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 (12'4" x 9'8" 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

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 PO5

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