Eight let studios in central Southsea — immediate income with refurbishment potential.
Detached freehold building arranged as eight self-contained studio flats
A rare freehold investment in central Southsea: a detached Victorian building arranged as eight self-contained studio flats generating a reported annual income of £62,820. All studios have individual kitchens and gas central heating and are let on assured shorthold tenancies currently running until September 2026, providing immediate rental yield and income visibility for an investor.
The building includes five off-street parking spaces (first come, first served) and a communal rear garden. Period features such as bay windows and generally generous room proportions suggest good tenant appeal and potential to increase value through targeted refurbishment or upgraded communal management.
Buyers should note the property’s small overall advertised size (approx. 442 sq ft total), assumed uninsulated cavity walls, unknown double-glazing installation dates and likely need for ongoing maintenance or cosmetic updating. The current tenancies limit vacant possession until 2026, so refurbishment requiring empty units will need phased planning. This is best suited to investors seeking an established income stream and scope to add value over time.
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