Acting on behalf of a private investors, Goadsby have sold Clyffe House in Bransgore to a local private investor at a quoting price of £175,000. The investment comprised of 3 retail units all of similar size producing a rental income of £14,370 per annum.
Tom Chapman of Goadsby, Manager, Investments Department commented, “We received a strong amount of interest in this opportunity due to its small lot size which attracted a wide variety of investors and its location in Bransgore was prominent. The purchase of £175,000 reflects a net initial yield of 7.98% after purchaser’s costs at 2.8%.
Acting on behalf of a private individual, Goadsby have also been instructed to market 45-47 Seamoor Road in Westbourne at a sale price of £515,000. The premises is trading as a convenience store and the lease to WS Retail Ltd runs for a further approximately 12 years with a tenants only break in 7 years time. The current passing rental is £39,000 per annum.
