**Standout Features:**
- Freehold investment opportunity with a 5-bedroom HMO and a separate shop
- Currently tenanted with professional tenants and a gross rental yield of approximately 11.7%
- Centrally located in the sought-after Marmion Road, Southsea
- Rear courtyard garden for residents
- Potential for future renovations or conversions
**Concerns:**
- Modest overall size for apartments and retail space
- High local crime rates may deter some buyers
Discover a rare investment opportunity at this freehold block on Marmion Road, Southsea. Featuring a well-established 5-bedroom house of multiple occupancy (HMO) and a retail shop currently let to tenants, this property brings in a gross return of around 11.7%, making it ideal for savvy investors. The maisonette boasts a functional layout with living spaces arranged across multiple floors, alongside a quaint rear courtyard garden offering a slice of outdoor tranquility.
Nestled in a vibrant area popular with students and professionals, this property is surrounded by an abundance of walkable amenities, such as cafes, shops, and health facilities, enhancing its appeal. While the modest size and high local crime rates may be considerations, the potential for renovations and the property's current income-generating capability are compelling reasons to act quickly. Embrace the chance to invest in an urban property with character in a fast-paced coastal location!
