Malvern Road, Southsea
£750,000, 11 bedrooms, house - mid terrace, for sale

Key features

  • ELEVEN BEDROOM HMO
  • FANTASTIC RETURN
  • CLOSE TO THE SEAFRONT
  • CLOSE TO PALMERSTON ROAD
  • OF INTEREST TO INVESTORS
  • £70,000 GROSS INCOME WHEN FULLY LET
  • GARAGE
  • PROFESSIONAL TENANTS
  • IN EXCESS OF 8% NET PER ANNUM
  • FULLY LICENCED

Property Description

An opportunity to acquire a large, eleven bedroom HMO located within close proximity to the seafront.

Let to professional tenants on individual AST's with a fully let gross return in excess of 9.3% per annum, this large property is bound to be of interest to investors looking for a sizable return on investment.

Previously operated as a guest house, the current owner changed the use with Portsmouth City Council to a Sui-generis HMO and the building now operates as an eleven bedroom letting house.

With communal kitchen, lounge and utility room along with multiple bath/shower rooms and w/c's, tenants are well catered for. Rear access is afforded to a garage located in Clarence Road and via a gate providing pedestrian access.

All in all, this is a genuine opportunity to secure a significant return from an easily manageable investment.

Call now for more information.

COMMUNAL LOUNGE

COMMUNAL KITCHEN

COMMUNAL UTILITY ROOM

ROOM ONE
Monthly rental £600.

ROOM TWO
Monthly rental £585.

ROOM THREE
Monthly rental £500.

ROOM FOUR
Monthly rental £550.

ROOM FIVE
Monthly rental £550.

ROOM SIX
Monthly rental £575.

ROOM SEVEN
Monthly rental £475.

ROOM EIGHT
Monthly rental £540.

ROOM NINE
Monthly rental £500.

ROOM TEN
Monthly rental £430.

ROOM ELEVEN
Monthly rental £550.

GARDEN

GARAGE

"Dear Mazin and everyone at Tullys who has helped out! Thanks you Mazin in particular for having faith in us! It was a bit of a worry (especially when our sale fell through) but you remained positive and upbeat for us, putting us at ease and making us think everything would work out fine."
Love Sarah and Dan