St. Pauls Road, Southsea
£390,000, 5 bedrooms, apartment, for sale

AN EXCITING INVESTMENT OPPORTUNITY SITUATED DIRECTLY OPPOSSITE THE CITY CENTRE CAMPUS.

Benefitting from tenants in situ until July 2022, this FIVE BEDROOM HMO currently generates a gross return in excess of £27,000 per annum.

This spacious apartment is laid out over three floors of an historic building, with the student union and university library only moments away, making this a student's dream!

A shrewd purchase for the discerning investor.

COMMUNAL ENTRANCE HALL

APARTMENT ENTRANCE HALL

BATHROOM

BEDROOM ONE 3.43m x 2.87m (11'3" x 9'5")

BEDROOM TWO 3.33m x 2.18m (10'11" x 7'2")

BEDROOM THREE 3.07m x 2.77m (10'1" x 9'1")

BOILER ROOM AND UTILITY

LOWER FLOOR 3.76m x 2.95m maximum, irregular shaped room (12'4

COMMUNAL LOUNGE

BASEMENT

BATHROOM

KITCHEN 2.51m x 2.44m (8'3" x 8')

BEDROOM FOUR 4.24m x 2.67m not including door recess (13'11" x

BEDROOM FIVE 2.74m x 2.51m (9' x 8'3")

FURTHER INFORMATION
COUNCIL TAX BAND: A

LEASE DETAILS: 125 year Lease from June 1983, 86 remaining.
We are informed by our vendor that the current service charge is circa £2,000 p/a.
PLEASE NOTE: The stated current rental income figure is for the Gross income (bills included). We are informed by the vendor that the current utility costs equate to between £2,000 - £2,500 per annum giving a Net rental income of circa £24,500 - £25,000 per annum. We would urge that you make your own enquiries for exact figures via your conveyancer should you wish to proceed with a purchase of this property.