Summary - 90 ST JAMES'S ROAD SOUTHSEA PO5 4HZ
10 bed 6 bath Block of Apartments
**Standout Features:**
- Freehold property offering both commercial and residential units.
- Fully occupied with a total of 5 residential two-bedroom apartments and 1 commercial unit.
- Prime central location, just an 8-minute walk to the student union, ideal for rental prospects to students.
- Gross annual income of approximately £72,000.
- Fast broadband and excellent mobile signal.
**Notable Concerns:**
- Property is located in an area with high crime rates and significant deprivation.
- Roof issues noted; could require attention.
- Mixed-use setting invites a vibrant yet potentially unpredictable urban environment.
Discover this impressive mixed-use freehold building featuring 5 two-bedroom residential properties and a commercial unit, perfectly suited for investors looking to expand their portfolio. Located in a bustling central locale, this property is a stone's throw from amenities and just an 8-minute walk to the student union, making it particularly attractive to student renters. With a robust annual income of £72,000, the existing tenants ensure immediate cash flow.
Each flat offers individual entrances, adding privacy and ease for tenants. However, while the property boasts significant rental potential, prospective buyers should be aware of high local crime rates and some noted roof issues that may require renovation. The commercial unit, currently rented for £650/month with a lease extending into 2024, adds to the investment's allure. Act quickly to seize this unique opportunity to invest in an urban property with substantial rental income and future growth potential.
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