Festing Grove, Southsea
- FULLY LICENCED HMO
- FANTASTIC RETURNS
- 9 BEDROOMS
- 9.6% GROSS RETURN WHEN FULLY OCCUPIED
- CLOSE TO CANOE LAKE
- LET TO PROFESSIONAL TENANTS
- OF INTEREST TO INVESTORS
- NET RETURN IN EXCESS OF 8% WHEN FULLY OCCUPIED
- THREE EN-SUITE ROOMS
- NO CHAIN
Formerly a Guest House, this substantial property represents a fantastic investment opportunity which currently returns circa £48,800 per annum Net (at full occupancy).
Let to professional tenants on individual AST's, and located close to Southsea seafront and Canoe Lake, this property have proven a popular choice for sharers.
ONE NOT TO BE MISSED!
Call now for more information and to arrange a viewing.
Bedroom One - Monthly rental - £550
Bedroom Two - Monthly rental - £550
Bedroom Three - Monthly rental - £400
Bedroom Four - Monthly rental - £600
Bedroom Five - Monthly rental - £600
Bedroom Six - Monthly rental - £550
Bedroom Seven - Monthly rental - £650
Bedroom Eight - Monthly rental - £450
Bedroom Nine - Monthly rental - £450
Communal Lounge -
Living Room -
Shower Room -
Further Information - This property was previously a Guest House with C1 use and was granted a Sui Generis HMO Licence under a change of use in December 2015.
The current HMO Licence allows occupation for up to 10 people and was granted on the 26th of February 2016.
Council Tax Band: E -£2,118.02
Please Note that Net and Gross returns are calculated at full, year round occupancy. Gross rental figures include bills. Net figures are calculated after monthly expenditure.
BrochuresBrochureFesting Grove, Southsea
Energy Performance CertificatesEE RatingEI Rating
Festing Grove, Southsea
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Fratton Station0.9 miles
- Portsmouth & Southsea Station1.4 miles
- Portsmouth Harbour Station2.0 miles
About the agent
Tully & Co have been operating as independent estate agents for over 40 years. As well as offering an extensive service to buyers and sellers, our team specialises in residential lettings and property management and have an enviable reputation for providing quality accommodation at affordable prices.
Our modern office is situated in the heart of Southsea, the historic sea front city of Portsmouth. Southsea is a lively seaside town attracting visitors all year round to its beaches, museu
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