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”.