Acting on behalf of The Basingstoke Property Company Limited, London Clancy has sold Unit 2 Crown Heights, Basingstoke, a long leasehold ground floor unit to a private investor.
Unit 2 is in a very prominent location opposite Basingstoke mainline railway station.
Crown Heights is a modern development adjacent to Basingstoke’s shopping centre (Festival Place) and linked to the bus station by a footbridge.
The property is fully let to Sales-Drivers Limited and trading as Anytime Fitness (Basingstoke).
The property comprises some 5,010 sq.ft. and is let for a term of 15 years, with 12 years remaining at £45,000 pa ex. FRI.
The property sold for £460,000 which shows a yield equating to 9.32% after allowing for purchasers costs.
Also on behalf of The Basingstoke Property Company Limited, London Clancy have sold Unit 3 Crown Heights, also a ground floor unit to a private investor.
The property of about 2,136 sq.ft. is let to Little Me Day Nurseries for 15 years from June 2015., at a rental of £19,000 pa ex. FRI.
The property sold for £215,000 which shows a yield equating to 8.5% after allowing for purchaser’s costs.
