Goadsby and Willis Commercial are pleased to report the sale of the Ground Floor, 38 Christchurch Road, Bournemouth.
The premises are let to the Co-operative Group Food Ltd for a term of 15 years at a current rent of £77,000 per annum exclusive. The quoting price was £1.2M which reflects a net initial yield of 6.06%.
James Edwards of Goadsby commented “From the date we commenced marketing, we immediately received strong interest from a variety of local and regional investors and a sale was agreed very quickly.” James continued “Investors were not only attracted by the lease terms, but they also recognised the strong trading position, being situated on one of the principal thoroughfares entering Dorset’s prime business and student district, where there is currently a surge in development activity.”
For further information please contact James Edwards.
Goadsby have, on behalf of a private vendor, sold the high profile showroom and workshop at 506 Ringwood Road in Ferndown.
Acting on behalf of a private vendor, Goadsby Commercial are pleased to report the sale of 366 Ashley Road, Poole.
Goadsby’s Commercial Business Transfer Team is delighted to bring to the market the Surma Valley Restaurant and Lodges in Fordingbridge.