£550,000
5 bed block of flats for saleFesting Road, Southsea PO4
5 beds
4 baths
4 receptions
- Freehold
NEXA Properties Limited
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About this property
Investment opportunity
Opportunity to purchase 4 flats inside A block of 8
Ability to purchase freehold of the block also
Perfect for an experienced investor
3 x 1 beds, 1 X 2 bed
1 bedroom properties have opportunities to convert to two bedrooms
Sought after location
Income from day one
Opportunity to increase value
Nexa Properties are delighted to welcome the opportunity to purchase 4 investment flats inside a block of 8 units. The properties are situated on the sought after location of Festing Road within walking distance of Canoe Lake, Southsea Seafront and the popular Albert Road.
The flats consist of 3 x 1 bedroom apartments and 1 x 2 bedroom apartment. The 1 bedroom apartments have the ability to be easily converted to 2 bedrooms thus increasing value of each unit. All units would benefit from modernisation but are all currently tenanted meaning you can purchase with income return from day one.
The properties further benefit from the owner also owning the freehold so there is also the potential to purchase the freehold as part of the transaction.
*Please note photos of all flats are not currently available and pictures are of one flat only*
Contact nexa Properties to arrange a viewing.
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