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Investment Property |
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BOURNEMOUTH – Post Office Road
*Restaurant Investment with Student Accommodation above*
Impressive building providing a recently refurbished ground floor
restaurant, 2 floors above providing student accommodation
Ground floor let to Pizza Express Restaurants until Jan. ’36,
(71% of the income) 1st & 2nd Floors let to Kings School of
English (Tuition) Ltd) t/a Kings Colleges Bournemouth on a new
15 year RPI lease from Jan ‘12
Price: Offers in the region of £2,075,000 Net Initial Yield: 5.75%
Agent: Philips Lockhart
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LUDLOW – Foldgate Lane
*Hotel Investment – Ideal lot size for a private investor/SIPP*
Modern purpose–built Travelodge hotel constructed in 2006
providing 41 bedrooms over 2 floors – 47 car parking spaces
Let to Travelodge Hotels Ltd until Dec. '31 with 5 yearly RPI
rent reviews
Price: Offers in the region of £1,834,000 Net Initial Yield: 6.25%
Agent: Philips Lockhart
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NORWICH – Ketts Court, 1–7 St Stephen's Road
*Prominently located freehold retail investment*
11,014 sq ft of retail accommodation at ground floor level
arranged in 2 separate units. Residential to above & rear.
Unit 1 let to Multiyork Furniture Ltd until March '21.
Unit 2 let to Subway Realty Ltd until March '21, with break
option in March '16.
Residential parts let to Elderhart Residential Limited until July
2131 at peppercorn rent.
Total income of £165,500 pa, rising to £167,500 pa in March '13
Price: Offers in excess of £1,850,000 Net Initial Yield: 8.5%
Agent: Cluttons LLP
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SALISBURY – 23 Catherine Street
*Well secured retail investment – Not VAT registered*
Two storey building providing a ground floor retail unit
Let to Barnardos until August ‘21
Price: £475,000 Net Initial Yield: 6.02%
Agent: Reid Rose Gregory
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WIGAN – 58/60 Market Place
*Prime retail location in pedestrianised town centre*
Pair of imposing retail units providing ground floor retail space
with ancillary office accommodation above – refurbished in ‘06
Let to Bank of Scotland Plc until February ‘17
Price: £2,200,000 Net Initial Yield: 5.8%
Agent: Hughes Ellard
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Price Reduction |
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WATERLOOVILLE – 19/20 Stratfield Park
*Self contained unit – On–site parking – Long term lease*
2 freehold 1980's constructed self contained 2 storey business
units which have been combined to provide a double unit
Let to Eurotech Fire Systems until June '21 – rent £52,500 pa
Price: £499,000 Net Initial Yield: 9.92%
Agent: Holloway Iliffe & Mitchell
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Last Week's Properties |
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BLACKPOOL – 86–94 Church Street & 1–3 Abingdon Street
*Prime, prominent investment with good growth prospects*
Town centre building providing two retail units & a restaurant
Well secured with 85% of the income from Ladbrokes &
Pizza Express restaurants with long unexpired terms
Price: Offers in the order of £2,000,000 Net Initial Yield: 7%
Agent: White Druce & Brown
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UXBRIDGE – 268–270 High Street
*Fully let retail/office investment – new leases from 2011*
Modern 3 storey building providing two retail units on ground
floor and offices on the 1st and 2nd – 11 car parking spaces
Fully let on new leases in 2011 producing £134,925 pa rising to
£135,925 pa on 1st Feb. ‘12 – see details for further info.
Price: £1,760,000 Net Initial Yield: 7.25%
Agent: Simon Williams
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LIVERPOOL – The Kiddy Factory, Estuary Commerce Park
*Well located nursery investment opportunity*
Constructed in 2006, a modern single storey children’s day
nursery configured to a high standard
Let to Kiddy Factory Limited until April ’26 (no breaks), rent
reviews: min. 12.5% or open market review (whichever higher)
Price: £710,000 Net Initial Yield: 9.98% (Offers considered)
Agent: WHR Joint Agent: Matthews & Goodman
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ASHTON–UNDER–LYNE – Unit 1, Tameside Park
*Well let, prominently located, freehold warehouse investment*
Constructed in 1997 a modern 3 bay warehouse with
integral 2 storey offices
Site area: 1.53 hectares Low site cover of 31%
Let to Ball & Young (trading as Vitafoam Limited) until May ‘22
Price: £2,835,000 Net Initial Yield: 8.5%
Agent: WHR Property
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SOUTHAMPTON – 98 Above Bar Street
*Well secured retail investment – occupied by Burger King*
Mid terraced building arranged on ground & two upper floors
Entire property is let to Caspian Food Services Ltd trading as
Burger King until June ‘23
Price: £1,400,000 Net Initial Yield: 7.43%
Agent: Reid Rose Gregory
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