Basingstoke – Unbroken Freehold Mixed-Use Investment Opportunity
The Courtyard, Kempshott Park, Basingstoke, RG22 4AQ
Offers in excess of £5,000,000
- Property Type:
- Unbroken mixed-use Freehold block
- Comprising two ground floor retail units and 25 flats on the upper floors
- Secure gated complex
- Secure car parking for 25 cars
- Well located within predominantly residential location
- Residential element majority let subject to Assure Shorthold Tenancies, with one unit vacant
- Total Current Rent Reserved: £349,546 per annum
- Estimated Rental Value (ERV): £402,900
Offers are invited in excess of £5,000,000 for the Freehold interest subject to all tenancies, subject to contract.
An acquisition at this level would reflect a gross initial yield of 7% (based upon passing rent), gross yield of 8.06% (based upon ERV) and a capital value of £239 per sq ft.
Subject to contract