For Sale Hampshire Terrace, Southsea | NEXA Properties
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Sold

, Hampshire Terrace, Southsea

Guide Price £1,750,000
22Beds
22Baths
Property ID: 103284002847

Description

Darrell Manchip at NEXA Properties is delighted to introduce this unique freehold investment opportunity for sale on Hampshire Terrace, just a moments walk from Portsmouth University. Fully refurbished in 2017, this property comprises a basement office (A2) and a 22 bedroom, 22 shower-room student halls (C1) which has been a successful student let for the current owners – currently fully let until August 2022, with a gross annual income of £133,475 providing a 7.4% gross yield (approx £107,000 net annual income providing circa 6% net.)

15 HAMPSHIRE TERRACE 11 double bedrooms; 8 fully en-suite, 3 en-suite shower with communal WC.
Fully let for £5825pcm until August 2022.

16 HAMPSHIRE TERRACE 11 double bedrooms; 8 fully en-suite, 3 en-suite shower with communal WC.
Fully let for £5400pcm until August 2022.

BASEMENT OFFICE (A2) 10 year lease at £10,000 per annum to NEXA Properties.

STAFF DISCLOSURE Please note that the seller is either related to a NEXA Member of staff or works for NEXA Properties.
Feel free to ask for further clarity on this.

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Description

Darrell Manchip at NEXA Properties is delighted to introduce this unique freehold investment opportunity for sale on Hampshire Terrace, just a moments walk from Portsmouth University. Fully refurbished in 2017, this property comprises a basement office (A2) and a 22 bedroom, 22 shower-room student halls (C1) which has been a successful student let for the current owners – currently fully let until August 2022, with a gross annual income of £133,475 providing a 7.4% gross yield (approx £107,000 net annual income providing circa 6% net.)

15 HAMPSHIRE TERRACE 11 double bedrooms; 8 fully en-suite, 3 en-suite shower with communal WC.
Fully let for £5825pcm until August 2022.

16 HAMPSHIRE TERRACE 11 double bedrooms; 8 fully en-suite, 3 en-suite shower with communal WC.
Fully let for £5400pcm until August 2022.

BASEMENT OFFICE (A2) 10 year lease at £10,000 per annum to NEXA Properties.

STAFF DISCLOSURE Please note that the seller is either related to a NEXA Member of staff or works for NEXA Properties.
Feel free to ask for further clarity on this.

Additional Features

  • - FULLY LET UNTIL AUGUST 2022
  • - 22 DOUBLE BEDROOMS
  • - 22 SHOWERS ROOMS
  • - STUDENT HALLS OF RESIDENCE (C1)
  • - BASEMENT OFFICE (A1)
  • - FULLY REFURBISHED IN 2017
  • - £133,475 GROSS ANNUAL INCOME
  • - 7.4% GROSS YIELD
  • - CIRCA £107,000 NET ANNUAL INCOME
  • - CIRCA 6% NET YIELD
Contact

Agent Information

Darrell Manchip

Mobile: +44 (0) 7920423034 Email: darrell@nexaproperties.com
Darrell Manchip joined NEXA in April 2018 after spending two years overseeing the sales department of a successful independent Estate Agency in Waterlooville. Driven by the potential of our unique business model, he left the comfort of a secure position within an established company to focus on building his own personal brand within a very […]

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