NETTLESHIP Sawyer
has sold a prominent two storey retail unit in West Parley,
Dorset, to an unnamed buyer for £1 million.
The 4,979 sq ft property at 165 New Road is currently occupied
by the Co-op which holds the unit on a full repairing lease,
paying rent of £46,500 per annum, expiring in September
2009.
The £1 million sale price shows an initial yield of
4.4 per cent after allowing for purchase costs of 5.75 per
cent and a reversionary yield of 5.68 per cent.
Forming part of a busy shopping parade, the building is located
at the Parley Cross junction on the main link road between
Ferndown and Bournemouth. The site is just one mile to the
west of Bournemouth International Airport.
For more information,
please contact:
Chris Nettleship, Joint Managing Director, Nettleship
Sawyer. Tel: 01202 556491
or Andrew Diprose, PR Account Director, Deep South Media Ltd.
Tel: 01202 534487.
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