8% Yield.
Freehold Property with 12 Apartments.
Completed & Tenanted.
Immediate Income.
Within 1 Mile of 2 Universities.
Fully Managed.
in this property
Freehold student accommodation investment in Southampton, with 8% yield & tenanted for an immediate income
Student Accommodation, Southampton
Freehold Student Property Investment Southampton
Principal International are delighted to offer investors a unique and exciting opportunity to purchase a freehold property with a proven track record of excellent rental yields in an excellent location. The property is currently tenanted and can provide immediate income with a yield of approximately 8%.
The freehold property is being offered and the planning for this conversion property was for 12 residential apartments and whilst the properties are currently let to students, the investor can look to the alternative conventional residential market should they wish.
The property has been tastefully converted into 12 well appointed apartments, each fitted with a shower room with an electric shower and a fitted kitchen. The property is comprised of 7 studio flats, 1 one bedroom flat, 3 two bedroom flats and 1 four bedroom flat. Rooms are furnished and there is a pleasant landscaped communal garden.
The property boasts an excellent location that supports its appeal to all areas of the rental market. The project is situated under a mile from the University of Southampton and approximately a mile from Southampton Solent University. Local transport links are close by and the city centre is close by. There is easy access to the city centre, which will also appeal to the conventional market. The popular West Quay Shopping Centre and Ocean Village Entertainment Centre are within 2 miles of the property.
The property currently enjoys 100% occupancy with tenants extending for a further period and the properties are currently let and managed by a local company.
Interested parties are advised to act promptly to avoid disappointment.
Completion: Completed & Tenanted
