Acting on behalf of Richley Properties Holdings Ltd, Goadsby have disposed of the investment of 844 Wimborne Road, Moordown, Bournemouth to a private investor. This ground floor investment benefits from a 6 year lease let to the Dorset Health Care University NHS Foundation Trust from April 2012 at a passing rent of £17,750 per annum. The quoting price was £210,000 reflecting a net initial yield of 8.22% after purchaser’s costs of 2.8%.
Tom Chapman Manager of the Investment Department commented, “The attraction to this freehold investment was the strong covenant and with an unexpired term until April 2018 it made a good investment for the purchaser.
