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.
Acting on behalf of our longstanding management client, the Hampshire Office of Goadsby Commercial are pleased to bring to the market 1 Middle Road, Park Gate on a leasehold basis.
Federated Hermes has announced that Calcinotto, the Poole-based civil, structural, and environmental engineering firm, has selected Fleets Corner Business Park for its new headquarters in a move that will see the company occupying more space.
Acting on behalf of the site owners, Goadsby has submitted a planning application for the extension of one of the existing blocks of flats at Firgrove Court, Bournemouth Road, Parkstone, to create an additional 9 flats.