This Central Southsea apartment building offers a unique investment opportunity, with the option to continue renting out the existing apartments or develop the site into three modern townhouses with off-road parking. The approved plans for the townhouses feature three bedrooms, two en-suite bathrooms, a bike store, roof terrace, and a courtyard garden, making them appealing to the sales market. The current apartment block has been well-maintained and benefits from off-road parking and garaging, with a low vacancy rate and a gross annual income of £37,644 from Assured shorthold tenancies. The property is fully occupied at the moment, and additional information on the planning permission is available upon request.