Portsmouth Road, Woolston, SO19

Welcome to Portsmouth Road, where an exceptional investment opportunity awaits! This lucrative venture currently yields approximately £62,400 per annum, boasting an impressive yield exceeding 13%. Comprising two spacious four-bedroom flats and a three-bedroom flat, this listing presents a substantial opportunity for investors. Each of the flats come with a 107-year lease, ensuring long-term stability and potential for growth. With minimal annual charges of just £362 per annum, this investment offers not only attractive returns but also manageable overheads, maximising profitability for the savvy investor. Don't miss out on the chance to capitalise on this remarkable investment opportunity in Portsmouth Road, where prime rental potential meets long-term financial security.
Location Situated in the heart of Woolston's main shopping precinct, Portsmouth Road is conveniently positioned only 0.2 miles from the Woolston Train Station and Crest Nicholson's well-designed development of Centenary Quay. The lively landmark is home to a selection of drinking & eating establishments, beauty salon, library, 24/7 gym and other facilities in the immediate area. Although you can spend most days relaxing by the river or seeking the sun on the nearby pebble beach (Weston Shore), the fast-paced city of Southampton is just a stone’s throw away where you can enjoy a hearty meal in a traditional English pub or treat yourself to some fine dining in a Michelin star restaurant in Ocean Village. Southampton is home to West Quay, one of the south’s biggest shopping destinations.

24a Portsmouth Road
Communal Hall
Secure entry system, stairs to 1st floor, doors leading to:

Entrance Hall
Textured finish to ceiling, radiator, doors to:

Lounge
12' 11" (3.94m) max x 12' 2" (3.71m) max:
Textured finish to ceiling, skylight, radiator.

Kitchen
9' 4" (2.84m) max x 10' 2" (3.10m) max:
Smooth finish to ceiling, skylight, range of matching wall base and drawer units with roll top work surface over, stainless steel sink and drainer, integrated fridge freezer, oven with hob and extractor fan over, space for washing machine, tiled splash back, radiator.

Bedroom One
8' 1" (2.46m) x 16' 2" (4.93m):
Textured finish to ceiling, double glazed window to front elevation, radiator.

Inner Lobby
Textured finish to ceiling, doors to:

Bedroom Two
6' 6" (1.98m) x 15' 8" (4.78m):
Textured finish to ceiling, double glazed window to front elevation, radiator.

Bedroom Three
6' 4" (1.93m) x 13' 2" (4.01m):
Textured finish to ceiling, double glazed window to front elevation, radiator.

Bathroom
Textured finish to ceiling, panel enclosed bath, wash hand basin and low level WC, heated ladder towel rail, tiled from floor to ceiling.

24b Portsmouth Road
Communal Hall
Secure entry system, stairs to 1st floor, doors leading to:

Entrance Hall
Textured finish to ceiling, storage cupboard, radiator, doors to:

Lounge
9' 9" (2.97m) max x 11' 4" (3.45m) max:
Smooth finish to ceiling, radiator, doors to:

Kitchen
6' 5" (1.96m) x 14' 3" (4.34m):
Smooth finish to ceiling, skylight, range of matching wall base and drawer units with roll top work surface over, stainless steel sink and drainer, integrated fridge freezer, oven with hob and extractor fan over, space for washing machine, tiled splash back, radiator.

Bedroom One
9' 11" (3.02m) max x 15' 2" (4.62m) max:
Textured finish to ceiling, double glazed window to side elevation, radiator.

Bedroom Two
10' (3.05m) max x 15' 3" (4.65m) max:
Textured finish to ceiling, double glazed window to rear elevation, radiator.

Bedroom Three
9' 9" (2.97m) max x 12' 9" (3.89m) max:
Textured finish to ceiling, double glazed windows to rear elevation, radiator.

Bedroom Four
9' 11" (3.02m) x 9' 9" (2.97m):
Textured finish to ceiling, double glazed window to side elevation, radiator.

Bathroom
Textured finish to ceiling, panel enclosed bath, wash hand basin and low level WC, heated ladder towel rail, tiled from floor to ceiling.

24c Portsmouth Road
Communal Hall
Secure entry system, stairs to 1st floor, doors leading to:

Entrance Hall
Textured finish to ceiling, storage cupboards, radiator, doors to:

Lounge
9' 4" (2.84m) x 7' 3" (2.21m):
Textured finish to ceiling.

Kitchen
6' 4" (1.93m) x 11' 8" (3.56m):
Smooth finish to ceiling, range of matching wall base and drawer units with roll top work surface over, stainless steel sink and drainer, integrated fridge freezer, oven with hob and extractor fan over, space for washing machine, tiled splash back, radiator.

Bedroom One
9' 1" (2.77m) max x 17' 2" (5.23m) max:
Textured finish to ceiling, double glazed window to side elevation, radiator.

Bedroom Two
9' 4" (2.84m) max x 14' 10" (4.52m) max:
Textured finish to ceiling, double glazed window to rear elevation, radiator.

Bedroom Three
9' 3" (2.82m) max x 13' 5" (4.09m) max:
Textured finish to ceiling, double glazed window to side elevation, radiator.

Bedroom Four
9' 1" (2.77m) max x 12' 7" (3.84m) max::
Textured finish to ceiling, double glazed window to side elevation, built in wardrobe, radiator.

Bathroom
Textured finish to ceiling, panel enclosed bath, wash hand basin, low level WC, heated ladder towel rail, tiled from floor to ceiling.

We are advised by the vendor the lease details for each individual flat are:
Maintenance Charge Including Building Insurance £262 p.a (Total for 3 flats = £786)
Ground Rent: £100 p.a (Total for 3 flats = £300)
Lease Length: 106 Years Remaining

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Services
Mains Gas
Mains Electricity
Mains Water
Mains Drainage

Please Note: Field Palmer have not tested any of the services or appliances at this property.