Golden Investment in Shaftesbury

Golden Investment in Shaftesbury

30 July 2018
Golden Investment in Shaftesbury

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”.

Categories:

Commercial

Tags:

Investments , Paul Stewart

Related Articles

Prominent Former Lloyds Bank Coming To The Market

4 August

Acting on behalf of our longstanding management client, the Hampshire Office of Goadsby Commercial are pleased to bring to the market 1 Middle Road, Park Gate on a leasehold basis.

Read more

Local Engineering Firm Calcinotto Takes Office Space in Fleets Corner, Poole

4 August

Federated Hermes has announced that Calcinotto, the Poole-based civil, structural, and environmental engineering firm, has selected Fleets Corner Business Park for its new headquarters in a move that will see the company occupying more space.

Read more

Planning Application For New Flats in Parkstone

3 August

Acting on behalf of the site owners, Goadsby has submitted a planning application for the extension of one of the existing blocks of flats at Firgrove Court, Bournemouth Road, Parkstone, to create an additional 9 flats.

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