Goadsby - Mixed-Use Sale - Romsey, Hampshire

Date: 21 May 2008

Goadsby, acting on behalf of Private Pension Trustees, have sold a mixed retail and office investment at 21 - 21a Market Place Romsey to a private investment company, for £575,000.

The property comprises 2 ground floor retail units together with self contained offices above of approximately 2,174 sqft. The property is let under 3 separate Lease Agreements producing a total rental income of £43,675 per annum.

Richard Pullen, Director of investments at Goadsby, said "Whilst the commercial investment market has been through a period of volatility, there remains strong investor demand for quality commercial property investments". Richard Pullen says "there was a significant level of interest from prospective investor purchasers for this property which is let to three tenants, including News Quest Media (Southern) trading as The Romsey Advertiser. The property is let on relatively short leases and the transaction shows a net initial yield for the purchaser of approximately 7.2%".

21 - 21a Market Place Romsey sold