Portsmouth, PO1 2RX | Investment Property for Sale | VES-PO1-007

Opportunity to purchase an apartment in Portsmouth generating £15,000 rent pa & gross yield of 8.6%

£175,000

Apartment

VES-PO1-007

INITIAL INVESTMENT

£52,500

Based on

deposit: £43,750

stamp duty: £6,250

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£15,000

GROSS YIELD

8.6%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£1,474

2 bedrooms

1 bathroom

1 reception room

532

Fully Furnished

Please note that this property is also part of a larger portfolio listing.

Leasehold information

  • Length of lease: 123 years
  • Year lease started: 2018

Property information

  • Located on the 6th floor
  • Recently converted apartment
  • Newly refurbished
  • Free WiFi
  • Open plan kitchen/lounge
  • Daytime manned reception
  • EPC rating D
  • Monthly rental income £1,250

Location information

  • The property is located in the heart of Portsmouth, adjacent to Portsmouth & Southsea railway station and just under 200 yards away from Portsmouth University.
  • The apartment is also in close proximity to Guildhall Square, Civic Offices, Portsmouth University faculty buildings and the Magistrates Courts.

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Portsmouth, Hampshire

Portsmouth is a port and cathedral city in Hampshire, England, and is mainly built on Portsea island just off the south-east coast of Hampshire. It is nicknamed Pompey. The city is around 70 miles south-west of London and 19 miles south-east of Southampton.

The M27 motorway ends/begins in Portsmouth connecting it to Cadnam, just outside of Southampton. There are four mainline railway stations, Hilsea, Fratton, Portsmouth & Southsea and Portsmouth Harbour. The stations are on South Western Railway routes to London Waterloo via Guildford or Basingstoke. Other services go to Southampton Central and Cardiff Central via Southampton, Salisbury, Bath and Bristol. There are additional services to Brighton, Gatwick Airport, Croydon and London Victoria.

The nearest airport is Southampton Airport, which lies around 20 miles away. The airport has indirect rail connections requiring a train change at either Southampton Central or Eastleigh. Heathrow airport is 65 miles way and Gatwick airport is 75 miles away. Gatwick airport can be reached directly via train services to London Victoria station, whilst Heathrow is linked to Portsmouth via the National Express coach network.

There are passenger ferry links from Portsmouth Harbour to Gosport and to the Isle of Wight from Portsmouth International Port, as well as a car ferry to the Isle of Wight. A hovercraft service which runs near Clarence Pier to Ryde on the Isle of Wight. The Portsmouth Continental Ferry Port runs services to Caen, Cherbourg-Octeville, St Malo and Le Havre in France, Santander and Bilba in Spain, and the Channel Islands.

Portsmouth is one of the best-known ports and is the home of the Royal Navy, which houses two-thirds of its UK surface fleet here. There are also a number of famous ships that call the city home, such as HMS Warrior, the Mary Rose and Nelson’s flagship the HMS Victory. There are many landmarks and attractions in Portsmouth and most are related to its naval history including Fort Nelson, which is now the Royal Armouries museum, Southsea Castle, the Round Tower at the seafront, the Royal Marines museum, Charles Dickens’ Birthplace museum, Spinnaker Tower and the National Museum of the Royal Navy to name a few.

Shopping in Portsmouth is centred on Commercial Road and the Cascades Shopping centre. A former naval shore establishment has been redeveloped as a retail park, now known as Gunwharf Quays and contains clothes stores, restaurants and a cinema. Whilst to the north-east side of Portsea Island is Ocean Retail Park.

The University of Portsmouth is home to around 20,000 students and over 2.000 staff. It has two campuses, the University Quarter, which is centred around the Portsmouth Guildhall area, and Langstone Campus, which is located in Milton. Some of the courses on offer include pharmacy, international relations, politics, mechanical engineering, palaeontology, criminology, criminal justice and sports science.

The Portsmouth Naval Dockyard employs around a tenth of the city’s workforce and the biggest industry is defence, with the headquarters of BAE Systems Surface Ships located in the city. Other employers include the ferry operators as well as a dedicated fishing fleet which operate out of Camber Quay and bring in fresh fish and shellfish daily. IBM is another big employer as it also has its European headquarters in the city.

Isambard Brunel Road,

Portsmouth,

Portsmouth,

England,

PO1 2RX

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