ENTERPRISE HOUSE UNIQUE INVESTMENT OPPORTUNITY

ENTERPRISE HOUSE UNIQUE INVESTMENT OPPORTUNITY

NEXA properties are delighted to welcome to the market this unique investment opportunity.

HIGH QUALITY ACCOMODATION NEWLY CONVERTED IN 2018 LEASEHOLD INCOME PRODUCING ASSET 8 X 2 BEDROOM APARTMENTS GROSS ANTICIPATED OVER 12 MONTH PERIOD: 122,400 OPERATING COSTS CIRCA - 18% GROSS YIELD - 8.16% NET YIELD - 6.7% GUIED PRICE - 1,500,000 KEY HIGHLIGHTS CENTRAL UNIVERSITY OF PORTSMOUTH POPULAR MODEL WITH STUDENTS

Situated in the heart of Portsmouth. The block internally is offered with a concierge service to the ground floor as well as lift service to all floors. We are offering a high level floor in this block consisting of eight, two bedroom apartments, which due to location is extremely popular with students and returns excellent rental income.

The flats have been newly converted and offer two double bedrooms, modern kitchen/ lounge and contemporary bathroom. Four flats are located to the front of the building and four to the rear. Rental returns for these two bedrooms are between 1250 & 1300 per flat per calendar month, inclusive of electric and water rates.

INCOME & EXPENDITURE Unit type Sq metres Monthly Service charge Monthly Ground rent Achievable rent Associated costs included in rent Net monthly rent Net annual rent Purchase price Net yield 2 bed, 1 bath, 8th floor 64 111 21 1300 100 1068 12,816 210000 6.1% 2 bed, 1 bath, 8th floor 65 111 21 1300 100 1068 12,816 195000 6.6% 2 bed, 1 bath, 8th floor 55 111 21 1300 100 1068 12,816 195000 6.6% 2 bed, 1 bath, 8th floor 59 111 21 1300 100 1068 12,816 195000 6.6% 2 bed, 1 bath, 8th floor 48 111 21 1250 100 1018 12,216 180000 6.8% 2 bed, 1 bath, 8th floor 53 111 21 1250 100 1018 12,216 170000 7.2% 2 bed, 1 bath, 8th floor 58 111 21 1250 100 1018 12,216 180000 6.8% 2 bed, 1 bath, 8th floor 58 111 21 1250 100 1018 12,216 175000 7.0% Total 888 168 10,200 800 8344 100,128 1,500,000 6.7%

FLOORPLAN

EXAMPLE FLOORPLAN

LOCATION DETAILS STUDENT ACCOMMODATION CLOSE TO PUBLIC TRANSPORT IN THE HEART OF STUDENT QUARTERS POPULAR LOCATION PROXIMITY TO STUDENT AREA

Enterprise House is a fantastic investment opportunity. Situated in central Portsmouth with excellent transport links, right on top of Portsmouth & Southsea Train Station, the real appeal for these flats from a rental perspective come from students. This investment opportunity is situated within 200 yards of Portsmouth University and in the heart of the student quarters, recently new developed high rise student blocks from Unite & Portsmouth University Halls surround the building. Most of these buildings only offer Studios or units where you share a kitchen with up to 8 individuals. The model that has become most popular with students is the two bedroom apartments. Well maintained and modern finish is becoming the expectancy for lots of students in Portsmouth. International students have risen year on year in Portsmouth and now over 4000 international students attend Portsmouth University from over 150 Countries worldwide. There is in excess of 25,000 Students attending Portsmouth University and with expectation for improvement to the Portsmouth University this number is only expected to grow. INVESTMENT OPPORTUNITY

University Total Students Undergraduates Postgraduates Guardian Ranking Portsmouth 22,060 18,745 3,315 37 th The University of Portsmouth is one of only four universities in the South East to receive the highest gold rating in the Teaching Excellence Framework. It is the 37 th ranked University according to the Guardian University Guide 2018 and achieved an 88% satisfaction rate in the National Student Survey 2017. There is a population of more than 22,000 students including 5,000 international and EU students from almost 150 different countries and 2,500 full-time staff. The University has invested 150 million in buildings and resources over the last 10 years. Portsmouth was named UK's most affordable city for students in 2016 UNIVERSITY OF PORTSMOUTH www.port.ac.uk/

There is more to Portsmouth and Southsea than its beautiful seaside location. It is populated with culture, shopping centres, unique events and historic culture. Gunwharf Quays retail shopping centre is located in the heart of Southsea, packed with well known branded stores, hotels and restaurants. Situated next to Gunwharf Quays you ll find popular tourist attractions PORTSMOUTH & SOUTHSEA such as the HMS Victory and the Portsmouth City Museum.

NEXA PROPERTIES 15 Hampshire Terrace Portsmouth, Hampshire PO1 2QF T: 02392 295046 E: hello@nexaproperties.com W: www.nexaproperties.com