Bets are on!
Primmer Olds B.A.S have been involved in the acquisition and sale of High Street Betting Shop investments across Hampshire.
Acting as joint agent with Allsop, Primmer Olds BAS have sold the Betfred in Hanover Buildings, Southampton for £371,000 reflecting a yield of 6.48%. This shows demand for retail is not dead when let to a good covenant on a re-based rent in a strong town or city.
We have also acquired the Betfred at High Street, Ringwood, Hampshire on behalf of a private property company who have also retained the firm to manage the investment for the long term. This mixed use retail and residential property will add to the growing portfolio of mixed assets under management across Hampshire & Dorset. This asset was selected for this client due to the secure five year income stream and good trading position in an attractive and affluent market town.
For further on and off market investment opportunities or to discuss how we can help you maximise your value on disposal contact Director Duane walker. dwalker@primmeroldsbas.co.uk
