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Showcase Investment Property
 
14th September 2017
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This week’s email comprises five investment sales and the sales from last week.

For all recently marketed investment property click here.


To use Showcase Investment Listings to market your property sales to 13,000 potential buyers call Richard Goff 020 3205 4675 or email rgoff@costar.co.uk

 
Investment Property
ALTON – Wey River House, 24–28 High Street
*High St. retail Investment in an affluent Hampshire town*
4 storey mixed retail & residential property that has recently
been redeveloped to provide 14 flats above 3 retail units.
There is a substantial rear service yard behind with allocated
car parking.
28 High St. let to Peacocks Stores Ltd until Dec. ‘23
26 High St. sold off to owner occupier on the basis of a 999 year
lease with ground rent income
24 High St. let to Resurrection Trading until June ‘22
Flats 1-14 provide a ground rent income reflecting £1,400 pa
with further development potential (STP)  
See details for a full tenancy schedule
Price: Offers in excess of £1,395,000 NIY: 7% rising to 7.14%
Current rent passing £104,501 pax rising to £106,501 pax in
June ’20 (fixed rental uplift)
Agent: London Clancy
 
More Information    
ASHTON UNDER LYNE – Portland Works, Hill Street
*Industrial investment with asset management potential*
A secure detached industrial unit with car parking area for 14
vehicles, site area 1.03 acres (0.417h ha)
Let to Cargo Packing Services Limited on a 10 year lease until
July ’22 (contracted out of L&T security of tenure provisions)
The property offers potential for residential re-development, see
details for full information
Price: Offers in excess of £1,000,000 NIY: 8.98%, reversionary
yield of 9.17% (2019), low capital value of £36.59 per sq ft
Agent: Parkinson Real Estate
 
More Information    
BOGNOR REGIS – 15-17 Station Road
*With an extremely busy and popular location*
2 adjoining terraced buildings providing a refurbished &
integrated ground floor retail unit and 2 large 3 bed maisonettes
(currently unused by Tesco)
Let in entirety to Tesco Stores Ltd until Sept. ’25, TOB Aug. ‘20
Rebased passing rental of £32,000 pax
Non VAT-elected
Price: Offers are invited in excess of £500,000
Agent: Abbey Ross
 
More Information    
LONDON NW3 – 2, 2B & 2C Englands Lane
*Rarely available, multi-let retail parade in Hampstead, NW3*
Parade of three well configured retail units occupying a highly
prominent corner position
Multi-let to Knight Frank, II Primo and Ginger & White
WAULT of 12.2 years to expiry & 10.4 years to break
Current passing rent £135,000 pa with attractive fixed uplifts in
two leases
Price: £2,750,000 NIY: 4.61% rising to 6.12% (2034) through
the fixed rental uplifts
Agent: Knight Frank
 
More Information    
WOLVERHAMPTON – KFC, Penn Road Retail Park
*Prominently located in an established out of town location*
Single-storey, 3,200 sq ft Drive-Thru unit with 37 dedicated car
parking spaces. 
Low site coverage of approx. 16.6%
Let to Kentucky Fried Chicken (GB) Limited (D&B rating 5A1)
Expires Feb. 2030 (no breaks)
Price: Offers in excess of £1,433,000 NIY: 6%
Agent: Rapleys
 
More Information    
 
Last Week's Properties
BRAINTREE – 13/17 Bank Street
*Vacant freehold, upper parts could be converted to residential
With a busy trading position a ground floor retail unit with
additional 1st floor retail/ancillary accommodation & 2nd floor
staff/storage accommodation, service yard to the rear
Available with full vacant possession
Price: £1,500,000
Agent: Suttons Commercial
 
More Information    
NEWPORT – Griffin Island, High Street/Skinner Street
*High yielding multi-let retail investment*
Located in a busy retail pitch comprising an island site,
totalling 36,744 sq ft providing 19 retail units and Highbury
Chambers providing 3,529 sq ft of offices
Multi-let, with attractive WAULT of 4.57 years to expiry, 3.9
years to break, Key tenants include Greggs, William Hill,
BetFred and Principality Building Society.
See details for a full tenancy schedule.
Price: Offers in excess of £2,520,000 NIY: 12% and a
reversionary yield of 15% on letting the remaining vacant units
Agent: Joiner Cummings
 
More Information    
 
Advertising Partners
To advertise here contact
Richard Goff
020 3205 4675
rgoff@costar.co.uk
 
 
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