For Sale

Portsmouth, Southsea – Freehold student investment comprising 19 bed spaces arranged in five cluster flats

Elm Grove Library, 155 Elm Grove, Portsmouth, Southsea, PO5 1LJ

Offers in excess of £1,500,000

Property Types:
Residential, Student
Sub Type:
Student Accommodation
Tenure:
Freehold

Description

  • Freehold student block
  • Total of 19 student bed spaces comprising:
    • Five cluster flats (2 x three beds, 2 x four beds, 1 x five beds)
  • Total Current Gross Rent Received: £108,904
  • Estimated Rental Value (assuming fully let subject to 51 week tenancies): £126,276 per annum
  • Gross Initial Yield (based on ERV): 8.42%
  • Located in a popular student area near the University of Portsmouth

Offers in excess of £1,500,000 are invited for the Freehold interest, subject to the existing tenancies and subject to contract

Subject to contract