10 bed block of flats for sale

St. James's Road, Southsea PO5

**freehold comprising of 5 X 2 bedroom properties & one commercial unit**floor plans for each unit found in images** Kings Estates are pleased to bring the market this fantastic freehold building made up of a commercial unit and 5 separate two-bedroom properties. This opportunity is ideal for an investor looking to expand their portfolio. Properties A, B, C, D & E are all currently let to students being only an 8-minute walk (approximately to the student union)

**freehold comprising of 5 X 2 bedroom properties & one commercial unit** floor plans for each unit found in images** Kings Estates are pleased to bring the market this fantastic freehold building made up of a commercial unit and 5 separate two-bedroom properties. This opportunity is ideal for an investor looking to expand their portfolio. Properties A, B, C, D & E are all currently let to students being only an 8-minute walk (approximately to the student union)

Flats A & B share a communal front door whilst C, D E each have their own private entrances.

Gross annual income approximately £72,000 per annum. All units are fully let.

Barber unit - £650 per month. 60 Month lease beginning on the 1st December 2024.

Flat A - £900.00 pcm
Flat B - £1,050.00 pcm
Flat C - £1,150.00 pcm
Flat D - £1,150.00 pcm
Flat E - £1,100.00 pcm

All bills are paid by the tenants.

Asking price of £650,000 including the Commercial unit (Commercial unit is subject to VAT and is valued at £40,000+VAT).