Paul Stewart, Managing Director of Goadsby Commercial is delighted to announce that a private investor has just completed the purchase of 26/26a High Street, Shaftesbury, opposite the famous Gold Hill.
The part listed property is fully let to Coffee 1 and well known local jeweller Allum & Sidaway on long term leases. The property had been extensively renovated by the previous owner and the residential upper parts sold off on a long leasehold to an investor who has to rather unusually maintain the roof.
“This was an appealing investment, with good quality tenants, producing a gross yield of 6.6 % at the asking price of £675,000. The fact the upper parts long leasehold owner has to maintain the roof of a building dating back to late 1800’s was also another plus point.
Thanks go to the vendors agent, Gerrard Matthews, for offering our client the opportunity to acquire the building”.
Our Christmas Facebook Giveaway winner was announced on Friday.
Acting on behalf of Lainston Commercial Ltd, the Hampshire office of Goadsby Commercial are delighted to announce the letting of 27-29 Middle Road, Park Gate.
Acting on behalf of private clients, Goadsby Commercial have completed the letting of 19 Sea Road, Boscombe to Marc Plunkett of Body Snatchers Boxing.