5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

Festing Road, Southsea PO4
£550,000

Our Summary

  • All units would benefit from modernisation but are all currently tenanted meaning you can purchase with income return from day one
  • The properties further benefit from the owner also owning the freehold so there is also the potential to purchase the freehold as part of the transaction
  • INVESTMENT OPPORTUNITY
  • Investment opportunity

Description

NEXA Properties presents an exciting investment opportunity to purchase four flats within a block of eight units on Festing Road, a highly sought-after location near Canoe Lake, Southsea Seafront, and Albert Road. The properties consist of three one-bedroom apartments and one two-bedroom apartment, with the potential to convert the one-bedroom apartments into two-bedroom units, increasing their value. All units are currently tenanted, providing a guaranteed income from day one, and the owner also owns the freehold, offering the possibility to purchase it as part of the transaction. While photos of all flats are not currently available, the properties have the potential to be modernized and offer a great investment opportunity.