Goadsby And Willis Commercial Secure Sale Of Convenience Store Investment

Goadsby And Willis Commercial Secure Sale Of Convenience Store Investment

15 May 2017
Goadsby And Willis Commercial Secure Sale Of Convenience Store Investment

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.

Categories:

Commercial

Tags:

James Edwards , Retail

Related Articles

Goadsby Bring Modern Ground Floor Office Accommodation in Ringwood to the Market

14 October

Goadsby, acting on behalf of Kendall Kingscott, have been instructed to market Suite 1, Ground Floor, Unit 3 GP Centre, Yeoman Road, Ringwood, Hants. The 1,524 sq ft suite comprises part of the ground floor of a detached two storey office building which was constructed in 2017.

Read more

Goadsby Complete Letting Of Modern Industrial/Warehouse Premises In Poole

7 October

Goadsby, acting on behalf of a private client, have let Unit 7, Virage Business Park, 132-134 Stanley Green Road, Poole to Innovation Fitness Ltd.

Read more

Goadsby Bring to Market City Centre Restaurant Unit

3 October

The Hampshire team of Goadsby Commercial, based in Winchester, are delighted to have been appointed as sole agents to market 6 Bridge Street, Winchester, located in a prominent position next to the popular wine bar No.5 Bridge Street and opposite the Chesil Rectory and provides a rare opportunity to acquire premises over two floors totalling 1,390 sq.ft (129 sq.m).

Read more
Your session will expire in xx.xx
Continue or Log Out