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 private clients, Goadsby Commercial have completed the letting of 54b Bridge Street, Christchurch, Dorset, BH23 1EB.
We are delighted to announce the release of our latest Homes of Distinction Magazine comprising a range of quality Residential and Commercial properties for sale and to let.
Goadsby have, on behalf of DR Smith Properties, and acting jointly with Cowling & West, let the offices at Court Vale Farm, Court Hill, Fordingbridge, Hants to Hearts at Home Care on a new 6 year lease.