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.

James Edwards

Director
James Edwards

Categories:

Commercial

Tags:

James Edwards , Retail

Related Articles

Goadsby Complete A Trio Of Lettings At Herald Industrial Estate

14 February

Acting on behalf of Eastleigh Borough Council, the Hampshire office of Goadsby commercial are delighted to have completed a letting on the last of three industrial units at Herald Industrial Estate in Hedge End, Southampton.

Read more

Goadsby Successfully Complete The Sale Of 2 Brunel Close, Verwood On Behalf Of A Private Client

7 February

Goadsby have successfully completed the sale of 2 Brunel Close on Ebblake Industrial Estate, Verwood.

Read more

Carve Developments Announces the Launch of Bright House in Bournemouth

6 February

Carve Developments proudly announces the launch of 'Bright House', an innovative conversion of the iconic House of Fraser building in Bournemouth town centre.

Read more

How much is your home worth?

Request a valuation

Latest news items

Positions

Topics

News RSS Feed

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