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Nettleship
Sawyer completes Investment sales for £825,000 |
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27.2.07 |
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Picture
caption: Office investment: 8 Stratfield Saye, Bournemouth. |
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TWO investment
sales have been completed by Nettleship Sawyer, the Bournemouth-based
chartered surveyors and commercial property consultants, for
a total of £825,000.
A three storey office building at 8 Stratfield Saye, 20/22 Wellington
Road, Bournemouth, was sold for the £350,000 asking price.
The end of terrace property, which has a floor area of approximately
1,550 sq ft, is let to the Post Office on a rent of £18,600
per annum with the lease due to expire in February 2014. The
sale, to an undisclosed buyer, achieved a net yield of 4.9 per
cent.
Nettleship Sawyer has also arranged the sale of a 6,490 sq ft
industrial unit on the Great Western Business Park at Yate,
near Bristol, for £475,000.
Unit 15/16 at the Alpha Centre in Armstrong Way, was built in
1988 and is let to S&T Electroplate on a ten year lease
at a rent of £39,000 per annum.
The detached property is long leasehold, and has been purchased
by an unidentified property investment company, represented
by King Sturge in Bristol.
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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