12 bedroom block of apartments for sale

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12 bedroom block of apartments for sale

High Street, Gosport, Hampshire, PO12
£2,300,000

Price History

Initial price £2,500,000
11/03/25 £2,300,000
Price Change -8.00%

Description

Pure Investor is offering 12 newly developed apartments for sale in Gosport, with a unique investment opportunity. The developer has a deal in place with a care provider to rent the apartments at a fixed rate for five years, ensuring a steady income stream. Currently, three apartments are tenanted, with four more set to move in by February and the remaining units filled within three months. The development is sold under one freehold title, with each apartment on a separate lease. The asking price is £2,300,000, offering a net yield of 8.1%. The care provider will cover maintenance costs, including redecoration and repair of interior items, but the new buyer will be responsible for external issues such as roof repairs and damp. The apartments have been completely refurbished with all new fixtures and fittings.