, Hampshire Terrace, Southsea
Description
**FULLY LET UNTIL AUGUST 2022**£260,000 GROSS ANNUAL INCOME**8.63% GROSS YIELD** Darrell Manchip at NEXA Properties is delighted to introduce this unique investment opportunity for sale in Southsea, situated just moments from Portsmouth University. 29-31 Hampshire Terrace is a centrally located purpose built Halls of Residence comprising of ten two-bedroom apartments and three six-bedroom houses providing an annual income of £257,620pcm. This property provides a fully operational and fully occupied freehold investment opportunity which includes part refurb and part new build, completed in September 2018 and well maintained since.
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
**FULLY LET UNTIL AUGUST 2022**£260,000 GROSS ANNUAL INCOME**8.63% GROSS YIELD** Darrell Manchip at NEXA Properties is delighted to introduce this unique investment opportunity for sale in Southsea, situated just moments from Portsmouth University. 29-31 Hampshire Terrace is a centrally located purpose built Halls of Residence comprising of ten two-bedroom apartments and three six-bedroom houses providing an annual income of £257,620pcm. This property provides a fully operational and fully occupied freehold investment opportunity which includes part refurb and part new build, completed in September 2018 and well maintained since.
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
- - £257,620 GROSS ANNUAL INCOME
- - 8.6% GROSS ANNUAL YIELD
- - CENTRAL UNIVERSITY OF PORTSMOUTH STUDENT QUARTERS
- - TEN 2-BEDROOM APARTMENTS IN NEW BUILD BLOCK
- - THREE 6-BEDROOM HOUSES NEWLY RENOVATED
- - UNIQUE INVESTMENT OPPORTUNITY
- - IDEAL STUDENT LOCATION
- - £221,519 NET ANNUAL INCOME (APPROX)
- - 7.38% NET YIELD (APPROX)
Agent Information
