Goadsby Commercial are delighted to report the successful disposal of 1 Leith Avenue, Portchester, a well secured convenience store investment let to One Stop Stores Limited.
The investment comprises a prominent retail unit of 3,065 sq ft located in the affluent town of Fareham. With adjoining national retailers including Co-op and Ladbrokes and a 15 year lease from March 2014, this commercial investment presents a unique long-term secure investment for the purchaser.
One Stop are part of the Tesco plc Group and have over 600 stores across the UK. This commercial investment has been purchased by a private investor, demonstrating continued demand for commercial investments with a good term certain.
Allan Pickering. Head of Goadsby’s Hampshire Investment team comments, ‘We have seen continued demand for freehold investments across Hampshire with lot sizes up to £1.5m, particularly for private investors. We were delighted to act on behalf of the vendor for the successful disposal of this investment. With a net initial yield in the region of 7.5% and the long lease to One Stop Stores this investment is a good acquisition for the purchaser’.
