Freehold office investment sold in Basingstoke

London Clancy and Woodford & Co., acting for R. O’Dell Holdings Limited, have successfully sold the Woodlands Business Village in Basingstoke. This freehold investment comprising modern self-contained offices totalling 10,880 sq.ft., on Ground and First Floors, is let to 8 individual tenants in total being 91% let.

The total rent roll was rising to circa £82,000 when fully let. The price achieved was £875,000 which equated to a yield of circa 8.83% after allowing for costs and equated to £80 per sq.ft. Capital Value.

The investment was sold to a client of KDL Asset Management.