, Hampshire Terrace, Southsea - Nexa
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For Sale

, Hampshire Terrace, Southsea

Southsea
Offers In Excess Of£2,950,000
38Beds
34Baths
Property ID: 103284000531

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)
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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