Under Offer

Basingstoke – Unbroken Freehold Mixed-Use Investment Opportunity

The Courtyard, Kempshott Park, Basingstoke, RG22 4AQ

Offers in excess of £5,000,000

Property Type:
Residential
Tenure:
Freehold

Description

  • 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