BACK TO NEWS

Freehold investment of Racks Court, in Guildford acquired by a private investor for £5.5 million.

A private client of Curchod & Co has acquired the investment of 24 recently refurbished flats at Racks Court in Guildford, Surrey for £5,500,000.

Located on Quarry Street in Guildford the three-storey. prime residential block has a mix of studios and one-bedroom units that are fully let on Assured Shorthold Tenancy agreements. The property is fully let and generates a gross income of £407,400 per annum.

The deal reflects a Gross Initial Yield of 7.41%.

Alex Blown of Curchod & Co commented on the acquisition: “We were able to secure this asset for our client at significantly less than the asking price, reflecting a soft yield for prime residential investment property in Guildford”.

The vendor was represented by Savills.

BACK TO NEWS

You may also be interested in...

Legal and General Assurance (Pensions Management) Ltd has let 5 Bilton Road, Kingsland Business Park, Basingstoke, to Finning (UK) Ltd.
| Deal

Legal and General Assurance (Pensions Management) Ltd has let 5 Bilton Road, Kingsland Business Park, Basingstoke, to Finning (UK) Ltd.

Read more
Aquanet International Limited moves into Unit 9 Devonshire Business Park, Basingstoke
| Deals Done

Aquanet International Limited moves into Unit 9 Devonshire Business Park, Basingstoke

Read more
Gadget repair shop relocates to Ground Floor Unit 1 Potters Walk, Basingstoke
| Deals Done

Gadget repair shop relocates to Ground Floor Unit 1 Potters Walk, Basingstoke

Read more

Want to find out more about what services we offer? Get in touch today.