House For Sale Castle Road, Southsea | NEXA Properties
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Sold

Residential Conversions, Castle Road, Southsea

Guide Price £625,000
5Beds
5Baths
Property ID: 103284001802

Description

PROPERTY DESCRIPTION ***GUIDE PRICE £625,000-£650,000***INVESTMENT OPPORTUNITY***

An investment opportunity comprising of 4 flats and commercial property situated in the heart of Castle Road currently achieving £45,600pa.

The commercial property is currently run as a restaurant with 17 years remaining. There are also four residential properties currently rented out to long term tenants. These comprise of a spacious two double bedroom split level flat with potential to convert in to a three bedroom. Two one bedroom flats and a studio flat. There is also a courtyard area to the rear.

Current gross yield is approximately 7.15%. Viewing is highly recommended to fully appreciate the investment opportunity on offer.
Please Note: Restaurant not included on floor plan.

Brochure & Floor Plans

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house for sale castle road
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Description

PROPERTY DESCRIPTION ***GUIDE PRICE £625,000-£650,000***INVESTMENT OPPORTUNITY***

An investment opportunity comprising of 4 flats and commercial property situated in the heart of Castle Road currently achieving £45,600pa.

The commercial property is currently run as a restaurant with 17 years remaining. There are also four residential properties currently rented out to long term tenants. These comprise of a spacious two double bedroom split level flat with potential to convert in to a three bedroom. Two one bedroom flats and a studio flat. There is also a courtyard area to the rear.

Current gross yield is approximately 7.15%. Viewing is highly recommended to fully appreciate the investment opportunity on offer.
Please Note: Restaurant not included on floor plan.

Brochure & Floor Plans

Additional Features

  • - INVESTMENT OPPORTUNITY
  • - 4 X FLATS
  • - RESTAURANT WITH 17 YEAR LEASE REMAINING
  • - REAR COURTYARD GARDEN AREA
  • - CURRENTLY ACHIEVES £3800PCM
  • - EXCELLENT LOCATION
  • - LARGE 2 BEDROOM SPLIT LEVEL FLAT
  • - TWO LARGE 1 BEDROOM FLATS
  • - FURTHER STUDIO FLAT
  • - FURTHER DETAILS UPON REQUEST
Contact

Agent Information

Sam Broadbent

Mobile: 07739 484694 Email: sam@nexaproperties.com
Sam has been in estate agency since 2010 and has a vast amount of experience across Sussex, Hampshire and Surrey and has loved working in the property industry since day one. Starting as a Negotiator in Surrey, within the first 6 months he was promoted to Senior Negotiator before relocating back to the Chichester area […]

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