Properties For Sale

HMO Investment Opportunity

On behalf of the Administrators

For Sale - HMO PRODUCING APPROXIMATELY £59,220 PER ANNUM – 70 Queens Road, Portsmouth, Hampshire, PO2 7NA

• 9 letting rooms / 8 with ensuites
• Well maintained throughout
• Excellent Investment opportunity
• Convenient location

Accommodation
Located within the heart of Portsmouth, sits this perfect investment opportunity with tenants in situ. This 9 bedroom HMO is currently generating £59,220 per annum, and off our current asking price is achieving 9.87% rental yield, which provides a competitive rental yield in Portsmouth. The internal accommodation comprises; 8 bedrooms with accompanying ensuites, and a Bedroom with a separate Bathroom, Sitting Room, Dining Room and a modern fitted Kitchen. The property further benefits from UPVC double glazing and Gas Central Heating throughout.

Location
Queens Road runs between Kingston Road and Copnor Road with Number 70 being found on the south side. Conveniently placed for regular bus services, local schooling and a range of shopping. For those who are looking to commute out of town there are easy road links via M275 or the Eastern Road.

Council Tax
Portsmouth City Council TAX BAND D £1,882.35 for the year 2022/2023

Services
Gas, water, electricity and mains drainage are connected. Please note that none of the services or appliances have been tested by SIA Gro