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Festing Grove, Southsea

Guide Price
£600,000
Added on 29/01/2020
Tully & Co, Southsea - Sales
PROPERTY TYPE
House
BEDROOMS
x9
BATHROOMS
x6

Key features

  • 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

Property description

A SUBSTANTIAL 9 BEDROOM HMO OFFERING A FULLY LET GROSS RETURN OF 9.6% (inclusive of bills).

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
En-Suite Room

Bedroom Five - Monthly rental - £600
En-Suite Room

Bedroom Six - Monthly rental - £550

Bedroom Seven - Monthly rental - £650
En-Suit Room

Bedroom Eight - Monthly rental - £450

Bedroom Nine - Monthly rental - £450

Communal Lounge -

Living Room -

Shower Room -

Bathroom -

Bathroom -

W/C -

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.

Brochures

BrochureFesting Grove, Southsea

Energy Performance Certificates

EE 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
Mortgages
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About the agent

Tully & Co, Southsea - Sales

157-159 Albert Road, Southsea, PO4 0JW

Tully & Co, Southsea - Sales

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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Industry affiliations

Association of Residential Letting AgentsNational Association of Estate AgentsOmbudsman for Lettings Estate Agents

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Disclaimer - Property reference 29434429. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Tully & Co, Southsea - Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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