Trenchard Aviation Ltd, represented by Curchod & Co LLP, has sold the investment of Units 1 & 2 Riverside, Omega Park, Alton, Hampshire, GU34 2UF to Clipstone Investment Management Ltd for £1,730,000.
The 15,410 sq ft Industrial property is let to Reheat International Ltd and is held on a full repairing and insuring lease for a term of 10 years. The investment produces an annual income of £110,000 and the transaction reflects a net initial yield of 5.99%.
Nick Reeve of Curchod & Co LLP said: “Alton’s strategic position between London and the south coast ports makes it a popular location for occupiers and investors. The sale is a reflection of the strength of the market, not only in Alton but across north Hampshire and the Blackwater Valley.”
Altitude Investments advised Clipstone Investment Management Ltd.
