Atkinson Richards - Fleet, 259-269 Fleet Road, Austen House

Date: 31 Jan 2002

Kindale Ltd have acquired a freehold/retail office building in Fleet Town Centre from the Joint LPA Receivers of Austen House.

The property comprises a three storey commercial building adjacent to the Hart Shopping Centre. The ground floor comprises four retail units let producing an income of £75,500 pax with the first and second floors providing vacant open plan offices requiring refurbishment. In addition, there is a private car park at the rear for 23 cars.

The freehold was sold at a price reflecting a yield of 6.1%. Atkinson Richards acted on behalf of the LPA Receivers.

Following completion of the purchase, Kindale Ltd are now undertaking a quality refurbishment of the offices which comprises 8,000 sq ft on two floors. These offices will be offered to let through their retained letting agents, Hollis Hockley and Atkinson Richards.

Where do I go now?: » View the latest news items » View the news archive » Subscribe to Weekly Property Newsletter » Submit news