Welcome to Portsmouth Road, where an exceptional investment opportunity awaits! This lucrative venture currently yields approximately £62,400 per annum, boasting an impressive yield exceeding 13%. Comprising two spacious four-bedroom flats and a three-bedroom flat, this listing presents a substantial opportunity for investors. Each of the flats come with a 107-year lease, ensuring long-term stability and potential for growth. With minimal annual charges of just £362 per annum, this investment offers not only attractive returns but also manageable overheads, maximising profitability for the savvy investor. Don't miss out on the chance to capitalise on this remarkable investment opportunity in Portsmouth Road, where prime rental potential meets long-term financial security.
Location Situated in the heart of Woolston's main shopping precinct, Portsmouth Road is conveniently positioned only 0.2 miles from the Woolston Train Station and Crest Nicholson's well-designed development of Centenary Quay. The lively landmark is home to a selection of drinking & eating establishments, beauty salon, library, 24/7 gym and other facilities in the immediate area. Although you can spend most days relaxing by the river or seeking the sun on the nearby pebble beach (Weston Shore), the fast-paced city of Southampton is just a stone's throw away where you can enjoy a hearty meal in a traditional English pub or treat yourself to some fine dining in a Michelin star restaurant in Ocean Village. Southampton is home to West Quay, one of the south's biggest shopping destinations.
24a Portsmouth RoadCommunal Hall Secure entry system, stairs to 1st floor, doors leading to:
Entrance HallTextured finish to ceiling, radiator, doors to:
Lounge12' 11\" (3.94m) max x 12' 2\" (3.71m) max:
Textured finish to ceiling, skylight, radiator.
Kitchen9' 4\" (2.84m) max x 10' 2\" (3.10m) max:
Smooth finish to ceiling, skylight, range of matching wall base and drawer units with roll top work surface over, stainless steel sink and drainer, integrated fridge freezer, oven with hob and extractor fan over, space for washing machine, tiled splash back, radiator.
Bedroom One8' 1\" (2.46m) x 16' 2\" (4.93m):
Textured finish to ceiling, double glazed window to front elevation, radiator.
Inner LobbyTextured finish to ceiling, doors to:
Bedroom Two6' 6\" (1.98m) x 15' 8\" (4.78m):
Textured finish to ceiling, double glazed window to front elevation, radiator.
Bedroom Three6' 4\" (1.93m) x 13' 2\" (4.01m):
Textured finish to ceiling, double glazed window to front elevation, radiator.
BathroomTextured finish to ceiling, panel enclosed bath, wash hand basin and low level WC, heated ladder towel rail, tiled from floor to ceiling.
24b Portsmouth Road
Communal HallSecure entry system, stairs to 1st floor, doors leading to:
Entrance HallTextured finish to ceiling, storage cupboard, radiator, doors to:
Lounge9' 9\" (2.97m) max x 11' 4\" (3.45m) max:
Smooth finish to ceiling, radiator, doors to:
Kitchen6' 5\" (1.96m) x 14' 3\" (4.34m):
Smooth finish to ceiling, skylight, range of matching wall base and drawer units with roll top work surface over, stainless steel sink and drainer, integrated fridge freezer, oven with hob and extractor fan over, space for washing machine, tiled splash back, radiator.
Bedroom One9' 11\" (3.02m) max x 15' 2\" (4.62m) max:
Textured finish to ceiling, double glazed window to side elevation, radiator.
Bedroom Two 10' (3.05m) max x 15' 3\" (4.65m) max:
Textured finish to ceiling, double glazed window to rear elevation, radiator.
Bedroom Three9' 9\" (2.97m) max x 12' 9\" (3.89m) max:
Textured finish to ceiling, double glazed windows to rear elevation, radiator.
Bedroom Four9' 11\" (3.02m) x 9' 9\" (2.97m):
Textured finish to ceiling, double glazed window to side elevation, radiator.
BathroomTextured finish to ceiling, panel enclosed bath, wash hand basin and low level WC, heated ladder towel rail, tiled from floor to ceiling.
24c Portsmouth Road
Communal HallSecure entry system, stairs to 1st floor, doors leading to:
Entrance HallTextured finish to ceiling, storage cupboards, radiator, doors to:
Lounge9' 4\" (2.84m) x 7' 3\" (2.21m):
Textured finish to ceiling.
Kitchen6' 4\" (1.93m) x 11' 8\" (3.56m):
Smooth finish to ceiling, range of matching wall base and drawer units with roll top work surface over, stainless steel sink and drainer, integrated fridge freezer, oven with hob and extractor fan over, space for washing machine, tiled splash back, radiator.
Bedroom One9' 1\" (2.77m) max x 17' 2\" (5.23m) max:
Textured finish to ceiling, double glazed window to side elevation, radiator.
Bedroom Two9' 4\" (2.84m) max x 14' 10\" (4.52m) max:
Textured finish to ceiling, double glazed window to rear elevation, radiator.
Bedroom Three9' 3\" (2.82m) max x 13' 5\" (4.09m) max:
Textured finish to ceiling, double glazed window to side elevation, radiator.
Bedroom Four9' 1\" (2.77m) max x 12' 7\" (3.84m) max::
Textured finish to ceiling, double glazed window to side elevation, built in wardrobe, radiator.
BathroomTextured finish to ceiling, panel enclosed bath, wash hand basin, low level WC, heated ladder towel rail, tiled from floor to ceiling.
We are advised by the vendor the lease details for each individual flat are:Maintenance Charge Including Building Insurance £262 p.a (Total for 3 flats = £786)
Ground Rent: £100 p.a (Total for 3 flats = £300)
Lease Length: 106 Years Remaining
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ServicesMains Gas
Mains Electricity
Mains Water
Mains Drainage
Please Note: Field Palmer have not tested any of the services or appliances at this property.