Sold

Southampton – A flexible student / hybrid residential investment opportunity

Andromeda House, 18 Southampton Street, Southampton, SO15 2EG

Offers in excess of £3,600,000

Property Type:
Residential
Tenure:
Freehold

Description

  • Freehold
  • 38 letting rooms
  • 36 studios and a two bed cluster flat
  • Fully let
  • 17 studios let for two years to a serviced apartment operator
  • 20 studios are unrestricted and can be let to students or on the open market
  • Total Current Gross Rent Reserved: £324,488.25
  • Gross Initial Yield: 9.01%
  • All flats fully furnished benefitting from a double bed, kitchenette and en-suite facilities

Subject to contract