For Sale

Portsmouth – Student investment opportunity comprising 41 studios

The Registry, 1-2 St Michaels Road, Portsmouth, PO1 2EE

Offers in excess of £4,400,000

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

Description

  • Freehold student investment
  • Comprising a total of 41 studios
  • Currently fully let
  • Benefits from extensive amenity space including two common areas and a high specification gym
  • Total Current Gross Rent Received: £305,651
  • Estimated Rental Value (assuming fully let on 51 week tenancies): £407,133 per annum
  • Gross Initial Yield (based on the ERV): 9.25%
  • Located opposite the University of Portsmouth

Offers in excess of £4,400,000 are invited for the Freehold interest, subject to the existing tenancies and subject to contract