Flat

Located in the heart of Gosport centre, this property offers a hands-off investment opportunity with 12 newly developed apartments fully let to a single registered care provider for a term of 5 years. The block features a mix of 2-bed and 1-bed apartments, with a residential lobby and is situated near the Royal Clarence Marina, which offers excellent access to Portsmouth and London Waterloo. The property is held in an SPV and is being sold for a price in excess of £2,300,000, representing a net initial yield of 7.65%. The seller is seeking to treat the sale as a Taxable Organised Company (TOGC) and is advised that the property is not elected for VAT. The property runs a service charge to cover maintenance and upkeep of common areas, which is managed by the housing provider.