Greenlea Crescent, Southampton

Description

** IDEAL INVESTMENT ** This is a rare opportunity to acquire 4 apartment blocks comprising 24 apartments made up of 18 x 2 bedroom apartments and 6 x 3 bedroom apartments as well as a block of 12 garages. The apartments are currently rented out and achieving in excess of £200,000 in rental income per annum. The land associated with the apartment blocks is just over 1 acre and is in a prime position just a short drive to Southampton City Centre with its array of restaurants, shopping facilities and local and national transport links. The current owners manage the apartments themselves and have owned since they were constructed in the 1960s. There is potential for redevelopment of the whole site **SUBJECT TO PLANNING ** and the necessary consents. It would be a great opportunity for an investor or property developer with a strong rental return already being achieved and scope to develop further in the future. For all enquiries please call the land department on 01202 007373.

In accordance with Section 21 of the Estate Agents Act 1979, we declare that there is a personal interest in the sale of this property. One of the owners of the property is the father of one of our staff here at Luxury & Prestige.

• **FANTASTIC INVESTMENT OPPORTUNITY**
• First time to the market since constructed in 1960s
• 4 Apartment blocks containing 6 apartments each
• Comprising 18 x 2 Bed & 6 x 3 Bed apartments
• Block of 12 x Garages with additional off street parking
• **POTENTIAL TO DEVELOP WHOLE SITE STP**
• In excess of 200,000 in rent per annum being achieved
• A short drive to Southampton City Centre
• Level plot just over 1 Acre
• Any enquiries please call our Land department on 01202 007373