Shop & Flat Investment Sold In Winton
Willis Commercial are pleased to have recently sold 400 Wimborne Road to a local investor.
The property comprises ground floor shop and basement let to Wessex Children’s Hospice Trust (trading as Naomi House) for a term of 10 years commencing 18th July 2014 at a current passing rent of £19,000 per annum, exclusive. At first floor is a 2 bedroom self-contained flat that is currently let out on an assured shorthold tenancy agreement at a rent of £800 per calendar month. Therefore the property has a total income of £28,600 per annum.
We were marketing the property at an asking price of £375,000,
which reflects a net initial yield of 7.33% after usual purchasers costs of 4%.