Unit 2, Orchard Plaza, 41 High Street, Old Town, Poole, BH15 1EG
Franck Steier Price has recently completed the sale of a ground floor lock up shop in Old Town Poole on behalf of a property company client.
The property comprised a ground floor lock up retail unit which had been divided into two. The overall unit extended to 2,786 sqft.
The property was let to Quay Holidays LLP on a 12 year lease from 8 October 2010. The rent passing was £32,000 per annum (£11.49 per sqft).
The investment sold for £367,500 which reflected a net initial yield of 8.38%.
The property was purchased by a private investor.