Staunton Street, Portsmouth

PROPERTY DESCRIPTION Sovereign Gate - A Rare, High Yield Investment Opportunity in the Heart of Portsmouth

For serious investors seeking exceptional returns and long term security, Sovereign Gate represents an opportunity that rarely comes to market. This substantial block of eight one bedroom flats, positioned right in the vibrant centre of Portsmouth, offers the perfect blend of immediate income, future uplift potential, and an unbeatable location. The block also benefits from four private parking bays, a premium advantage in such a high demand urban setting.

Currently sold with tenants in situ until 2028, this asset provides stable, predictable rental income from day one, making it ideal for investors who value certainty and minimal void periods. The existing tenancy structure ensures a hands off, low maintenance investment for the next several years.

However, the real power of this opportunity lies in its future potential. Once the building becomes vacant and undergoes a full refurbishment, the projected rental income reaches an impressive £7,400 PCM, positioning this block as a standout performer in any portfolio. The combination of strong rental demand, central location, and scope for value add improvements makes this a textbook example of a high yield, high growth investment.

Portsmouth remains one of the South Coast's most consistently popular rental markets, driven by its thriving student population, naval presence, and expanding professional workforce. Properties in this area are snapped up quickly, and blocks of this size and configuration are exceptionally scarce. It's no exaggeration to say that opportunities like this simply do not come around often.

For investors who recognise the importance of location, long term income, and capital growth potential, Sovereign Gate is the definition of an investor's dream. With strong fundamentals already in place and significant upside still to unlock, this is a property that will continue to deliver year after year.

We do not expect this to remain available for long.
Get in touch today for full details and to secure this outstanding investment.

For your information, the property is let in its entirety to Vivid Homes, and as the term of their tenancy agreement has expired, they are holding over, subject to either party serving 6 months notice to terminate the agreement. (Vivid has advised that in any event they plan to vacate the property by March 2028)

Flat Size:
One - 32m2
Two - 42m2
Three - 31m2
Four - 38m2
Five - 33m2
Six - 39m2
Seven - 30m2
Eight - 38m2

Please note: EPC on four flats have been booked and await to be carried out.  

HMRC COMPLIANCE To help keep the buying and selling process smooth and secure, all sellers and buyers will need to complete quick online identity checks through Credas. These checks cost £50+VAT per person and are paid directly to Credas in advance. This simple step confirms your identity and ensures we meet our legal requirements set by HMRC, making the process safer for everyone involved.