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AGENT'S DETAILS


Fratton Road, Portsmouth, Hampshire, PO1 5HH

For sale: POA|Retail, Leisure, House, Mixed Use, Other, Residential, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
ADDRESSFratton Road, Portsmouth, Hampshire, PO1 5HH
TYPERetail, Leisure, House, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON17th March 2021

DESCRIPTION

The Property Advantage are delighted to present this 9 Bed HMO in Portsmouth finished to the highest of standards created by ProPods. This property can be found central to Portsmouth, close to Fratton railway station. Within easy walking distance are the Historic Naval Dockyard and the renowned Gunwharf Quay shopping and leisure complex.

The property prior to the extensive refurbishment was a typical Victorian style single retail shop to the high street. Above the shop was a three bedroom flat and courtyard behind, with ample and easy rear access. When the property was acquired the retail unit had been a walk in vets.

The dwelling required complete refurbishment to bring it to the high constructional standard that has become the recognised bench mark of the Pro Pod brand, in and around the Portsmouth area. An extensive refurbishment was carried out to an incredible standard. As you enter the property you are met with the gorgeous oak stair way leading you up to the spacious first floor where there is ample space throughout all bedrooms. The property was taken back to brick and vibration absorbing steel channels have been used on all timber studs for walls and ceiling joists. This ensures that the new walls and/or ceilings are decoupled from a vibrating surface. Extra's that have been included with the refurbishment is high quality finishing's in bathrooms/ shower rooms, oak chest of drawers and wardrobes each bedroom having its own intercom which is linked to the front door.

*Please note that the photos are of the vendors previous project but it shows a projection of the standard that development demonstrates.

Income;

Bedroom 1 £595 / Bedroom 2 £695 / Bedroom 3 £ 675 / Bedroom 4 £625 / Bedroom 5 £725 /

Bedroom 6 £ 695 / Bedroom 7 £675 / Bedroom 8 £ 650 / Bedroom 9 £695

Total; £6,030 PCM / £72,360 PA

Expenditure;

Gas £200 / Electric £122/ Water £30 / Council Tax £144.41 / TV License £13.13 / Broadband £100

Cleaner £270 / Management £723.60

Total; £1,603.14 PCM / £19,237.68 PA

Income
Income;

Bedroom 1 £595 / Bedroom 2 £695 / Bedroom 3 £ 675 / Bedroom 4 £625 / Bedroom 5 £725 /

Bedroom 6 £ 695 / Bedroom 7 £675 / Bedroom 8 £ 650 / Bedroom 9 £695

Total; £6,030 PCM / £72,360 PA

Expenditure;

Gas £200 / Electric £122/ Water £30 / Council Tax £144.41 / TV License £13.13 /

Broadband £100 /Cleaner £270 / Management £723.60

Total; £1,603.14 PCM / £19,237.68 PA

Features
Wow- the highest end HMO we have seen

9 Bed all En Suite HMO

Expected Gross Income of £72,360 PA

Back to Brick Refurbishment

Well Located, Close to Amenities

2% + vat Buyer's Fee

Gross yield 9.05%

An extremely well renowned local management agent in place called ProPods

LOCATION

Location: Fratton Road, Portsmouth, Hampshire, PO1 5HH

Fratton (0.4 miles)

Portsmouth & Southsea (0.6 miles)

Portsmouth Harbour (1.3 miles)

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