Town House, Hampshire Terrace, Southsea - Nexa
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For Sale

Town House, Hampshire Terrace, Southsea

Southsea
Guide Price£4,800,000
60Beds
56Baths
Property ID: 103284002850

Description

Darrell Manchip at NEXA Properties is thrilled to introduce this multi-unit freehold investment opportunity on Hampshire Terrace. Fully refurbished in 2017/2018, this listing comprises a block of ten 2 bedroom apartments (C1), two 11 bed houses (C1), three 6 bed houses (C1) all fully let until August 2022 and a basement office (A2) let until 2031. A gross annual income of £394,695 offers an investor an 8.2% gross yield (approximately 7% net), in an area highly sought after by students, sitting just moments from Portsmouth University. See more details on breakdown below, or call for more information and to arrange your viewing.

HAMPSHIRE COURT HOTEL Ten 2 bedroom ‘twodios.’
20 bedrooms, 20 en-suite, 10 kitchens.
Fully let until August 2022, totalling £12,200pcm.

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.

29 HAMPSHIRE TERRACE 6 bedrooms, 6 en-suite.
Fully let for £3900pcm until August 2022.

30 HAMPSHIRE TERRACE 6 bedrooms, 3 bathrooms.
Fully let for £3600pcm until July 2022.

31 HAMPSHIRE TERRACE 6 bedrooms, 5 bathrooms.
Fully let for £3720pcm until August 2022.

BASEMENT OFFICE 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

  • - £394,695 GROSS ANNUAL INCOME
  • - 8.2% GROSS YIELD
  • - FULLY LET UNTIL AUGUST 2022
  • - MOMENTS FROM PORTSMOUTH UNIVERSITY
  • - FREEHOLD INVESTMENT OPPORTUNITY
  • - CIRCA 7% NET YIELD
  • - TEN 2 BEDROOM APARTMENTS (C1)
  • - TWO 11 BEDROOM HOUSES (C1)
  • - THREE 6 BEDROOM HOUSES (C1)
  • - ONE BASEMENT OFFICE (A2)
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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