Sourced is pleased to present a Specialist Supported Housing Investment – Havant, Hampshire PO9 1AA.

A unique opportunity to invest in a Specialist Supported Housing scheme, located in Havant, Hampshire.

The property is in the process of getting converted and the final product will be as follows:
▪ 4 x 1-bedroom apartments (2 maisonettes)
▪ Communal lounge, staff office with sleepover room & shower
▪ 2 parking spaces + courtyard area
▪ Part of a former pub conversion (upper parts already sold on long leases)

Investment highlights:
▪ Purchase price: £780,000 + 1.5% sourcing fee
▪ Deposit: 10% (£78,000) to trigger works (between 4 to 6 months)
▪ Lease: 15-Year FRI Lease at £70,720 p.a.
▪ RPI-linked rent increases
▪ Plus £1,000 p.a. ground rent income
▪ Net yield: 8% (ROCE 14%)
▪ RICS Valuation (GDV): £870,000

▪ Completion in 4–6 months | Balance: £702,000 on completion
▪ Income backed by Housing Association
▪ Long-term secure lease
▪ Ideal for passive property investors

Sourcing fee of 1.5% applies upon a successful exchange.

For more details or to request the floorplan, contact us today.

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.