Malvern Road, Southsea
£750,000, 11 bedrooms, 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

"To all the staff at Tullys Thanks for all your support over the years."
From Mr and Mrs Barnes