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 Ruislip Manor Properties Ltd, Goadsby has received planning permission for amendments to the proposed development of 10 flats at Firgrove Court, Parkstone.
With the new St Clements Surgery due to open in the autumn, the old surgery in Tanner Street is now being put on the market to rent by well-known local commercial agents Goadsby.
At Goadsby we regularly have the opportunity to deal with some amazing historical buildings, and this instruction is really impressive.