Acting on behalf of private clients, Goadsby have been instructed to sell 418-420 Wimborne Road, which is a retail investment let to Bonmarche Ltd.
The subject premises, occupying a prime position in Winton, provides a main sales area of 3,748 sq ft with 493 sq ft of ancillary storage. It is let to Bonmarche for a term of 10 years from August 2017 with a tenants break at the 5th anniversary.
The current rent passing is £43,000 per annum exclusive and the asking price is £595,000 which reflects a yield of 6.88% after deducting typical purchaser’s costs.
For further information on this property or for confidential advice on all retail/investment property matters Grant Cormack can be contacted on 01202 550135 or email: grant.cormack@goadsby.com
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At Goadsby we regularly have the opportunity to deal with some amazing historical buildings, and this instruction is really impressive.