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15 bed flat
72 & 74 Festing Grove, Southsea, City Of Portsmouth PO4
£1,100,000
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Our Summary
- 60% Gross Yield Prime Southsea Location Near Seafront, University & Employers Professional Tenants Excellent Transport Links Regeneration Area Turnkey Investment This pair of adjacent HMOs, comprising 15 letting rooms and licensed for 18 tenants, presents a rare high-income investment opportunity in Southsea
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Description
The property consists of a pair of adjacent HMOs with 15 letting rooms licensed for 18 tenants. Located near the seafront, the University of Portsmouth, and major employers, the properties generate £127,560 in annual rental income, with a gross yield of 11.60%. The properties are situated in a regeneration area with excellent transport links, including nearby rail connections to London and Southampton, and access to major roads and ferry routes.