5 bed block of flats

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5 bed block of flats

Festing Road, Southsea PO4
£500,000

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

Description

Nexa Properties presents an exciting opportunity to purchase four investment flats located on Festing Road, within walking distance of Canoe Lake, Southsea Seafront, and Albert Road. The properties, comprising three one-bedroom and one two-bedroom apartments, offer potential for modernisation and value increase through converting one-bedroom apartments into two-bedroom units. Currently tenanted, these flats can provide an immediate income return. Additionally, the owner also holds the freehold, offering the potential to purchase the freehold as part of the transaction. With limited photos available, interested buyers are encouraged to contact Nexa Properties to arrange a viewing.