Acting on behalf of a Private Vendor, Goadsby have sold 490-492 Ashley Road, Parkstone for a purchase price of £100,000 reflecting a net initial yield of 9.7%
The terraced property comprises a lockup takeaway shop unit trading as ‘Star Pizza’ let on a 26 year lease from January 1996 at a current passing rent of £10,000 per annum.
Mathew Rogers of Goadsby commented, “We are delighted to have achieved this sale on behalf of the vendor, and it’s encouraging to see an increase of activity in secondary retail investments.”
