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 a private landlord, Goadsby have recently completed a letting at Elizabeth House, 40 Lagland Street, Poole, Dorset.
Goadsby Commercial’s Business Transfer Team are delighted to bring to the market an opportunity to acquire a well-established Pet Shop. The business has been trading well for just under 20 years and has an excellent reputation locally.
Goadsby were invited to attend Poole High School’s recent Speed Networking and Interview Experience for their pupils in Year 10.