Property for sale in Herbert Road, Southsea PO4

£575,000
Property for sale - 8 bedrooms 8 2
Interested in this property? Call +44 23 9229 0099 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • 8 bedroom licenced hmo
  • In excess of £42,200 net income
  • Let to professional tenants
  • Of interest to investors
  • In excess of 7% net return
  • Fantastic return
  • No chain
  • Tenants in situ
  • 2 en-suite rooms
  • Three shower rooms

Property description

A substantial 8 bedroom licenced hmo!

Currently returning circa £51,000 per annum Gross (at full occupancy), this substantial property is let to professional sharers on individual ast's.

After monthly expenditure net income is in excess of £42,000 making this an attractive proposition for any investor.

Call now for more information and to arrange a viewing.

Communal Lounge

Kitchen

Utility Room

Bedroom One

Monthly Rental £650.

Bedroom Two

En-Suite Room.
Monthly Rental £650.

Bedroom Three

En-Suite Room.
Monthly Rental £450.

Bedroom Four

Monthly Rental £450.

Bedroom Five

Monthly Rental £550.

Bedroom Six

Monthly Rental £550.

Bedroom Seven

Monthly Rental £430.

Bedroom Eight

Monthly Rental £550.

Kitchen

Shower Room

Shower Room

Shower Room

Further Information

The current hmo Licence allows for occupation of 8 individuals and was granted on the 16th of May 2018.

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.

Council Tax Band: E - £2,036 p/a.

Property info

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For more information about this property, please contact
Tully and Co, PO4 on +44 23 9229 0099 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Tully and Co, and do not constitute property particulars. Please contact Tully and Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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