This Central Southsea apartment building offers a unique opportunity to acquire a rental investment or develop the site into three modern townhouses with off-road parking. The approved plans for the townhouses feature three bedrooms, two en-suite bathrooms, a bike store, roof terrace, and courtyard garden, which would be highly sought after in the sales market. The current block has been well-maintained and each apartment has off-road parking and garaging, presenting a popular rental with minimal voids in tenancy. The flats are currently let on assured shorthold tenancies, producing a gross annual income of £37,644, and are fully occupied at the time of writing. The property is freehold and has a council tax band of B, with more details on the planning permission available upon request.