Southampton, SO45 1WE | Investment Property for Sale | VES-SO45-001

Opportunity to purchase a 4-unit block in Southampton generating £34,920 gross rent pa & 5.4% gross yield

£650,000

4-unit Block

VES-SO45-001

INITIAL INVESTMENT

£187,500

Based on

deposit: £162,500

stamp duty: £19,500

mortgage fees: £1,500

conveyancing fees: £4,000

GROSS RENT

£34,920

GROSS YIELD

5.4%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

4

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

1,904

PRICE SQ FT

£341

Block information

  • The property consists of:
    • 2 x completely refurbished apartments; works include new electrics and heating
    • 2 x newly built apartments; both come with a 10-year ABC warranty
  • The property comes with a garden
  • There is off-road parking for up to 8 cars
  • EPC ratings C & D

Rental information

  • Unit 1 - 1-bed - £695 pcm - tenant has been in situ for over 2 years
  • Unit 2 - 2-bed/2-bath - 825 pcm - tenant has been in situ for 2 months
  • Unit 3 - 1-bed - £695 pcm - tenant has been in situ for 1 month
  • Unit 4 - 1-bed - £695 pcm - new tenants to move in on 8th December 2020
  • Total monthly rental income: £2,910
  • Total annual rental income: £34,920

Location information

  • The property is located in the village of Blackfield, outside of Southampton
  • The New Forest National Park is just on the doorstep
  • The beaches of Calshot and Lepe are easily accessible
  • Regular bus services connect Blackfield with Southampton city centre
  • Various amenities can be found in Blackfield and Holbury village

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 Southampton, Hampshire

Southampton is a city in Hampshire in the south-east of England. It lies around 70 miles south-west of London and 15 miles north-west of Portsmouth. The city is a major port and lies at the confluence of the River Test and Itchen as well as the northernmost point of Southampton Water.

The city has good transport links with the rest of the country via the road network. The M27 motorway links it to Cadnam and Portsmouth, the M3 links it to London and via the A34 with the Midlands and the North, whilst the M271 links it to the Western Docks and the city centre.

Southampton Central is the main station in the city and operates services to Portsmouth, Winchester, the Midlands and London, as well as Bournemouth, Poole, Dorchester, Weymouth, Salisbury, Bristol and Cardiff. The rail network is also used by freight services to and from the docks.

The local airport is in Eastleigh, just north of Southampton and operates regional flights as well as European flights. It can be accessed via rail by a frequent service to Southampton Airport Parkway railway station.

Southampton’s port is home to some of the largest cruise ships in the world and at certain times of the year the Queen Mary 2, Queen Elizabeth and Queen Victoria all visit Southampton at the same time. The city’s tradition of luxury cruising began in the 1840s when of the pioneers P&O advertised tours to Egypt. The city is also the terminus for three ferry services, a car ferry and a fast catamaran passenger ferry which provide links to East Cowes and Cowes on the Isle of Wight. Whilst the third ferry provides a passenger service to Hythe on the other side of Southampton Water.

From April to September each year the city celebrates its links with the sea, culminating with the Southampton Boat Show where over 600 exhibitors present for one week.

The Mayflower Theatre holds a variety of cultural events throughout the year and is the largest theatre in southern England outside of London, with 2,300 seat capacity. It has played host to several West End shows as well as the Welsh National Opera and the English Ballet.

Other places of interest include Tudor House Museum, Southampton Maritime Museum, the Medieval Merchant’s House, Solent Sky and the SeaCity Museum.

There are two universities in Southampton with a combined student population of around 40,000, the University of Southampton and Southampton Solent University. The University of Southampton has a global reputation for research into engineering sciences, oceanography, chemistry, cancer sciences, sound and vibration research, computer science and electronics and optoelectronics. It is also the home of the National Oceanographic Centre Southampton with a focus of Natural Environment Research Council-funded marine research.

Southampton Solent University teaches training, design, consultancy, research and other services undertaken for business and industry. It is also home to the Warsash Maritime Academy which provides training and certification for international shipping and offshore oil industries.

Some of Southampton’s largest employers are Southampton City Council, the University of Southampton, Solent University, Southampton Airport, Ordnance Survey, BBC South, the NHS, Associated British Ports and Carnival UK.

Hampton Lane,

Blackfield,

Southampton,

Hampshire,

England,

SO45 1WE

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