BACK TO NEWS

Sale of Long Leasehold Investment


1/1A Whitney Road, County House, Sites 12 and 13 Armstrong Road, Basingstoke Hampshire

London Clancy, acting on behalf of a private Client has sold the long leasehold mixed investment in the above sites.

The ground leases had some 134 years left unexpired and rent reviews were on the basis of bare site value or if redeveloped 13.5% of the full rental value of the redevelopment.

The total site area is circa 1 acre.

Tenants include; C Brewer and Sons Ltd (Trading as Cane Adam), Southern Roofline Supplies, Servio Ltd and Speedy Tool Hire. The occupational leases were on effectively Fully Repairing and Insuring basis.

The Price achieved is confidential but the quoting price overall was in excess of £700,000 plus VAT. The yield achieved was circa 9.6%.

The agents acting for the Purchaser were Ellis and Partners based in Bournemouth.

For further information please contact:

Jim London
London Clancy
01256 462222
jimlondon@londonclancy.co.uk

BACK TO NEWS

You may also be interested in...

Lark London takes an assignment of a High Street retail property in Weybridge
| Deals Done

Lark London takes an assignment of a High Street retail property in Weybridge

Read more
Prime warehouse in Sandhurst sold for £630,000.
| Deals Done

Prime warehouse in Sandhurst sold for £630,000.

Read more
Camberley warehouse letting sees JAG-UFS take 10,866 sq ft at Admiralty Way.
| Deals Done

Camberley warehouse letting sees JAG-UFS take 10,866 sq ft at Admiralty Way.

Read more

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