Strong Investment Return Created in Southsea, Hampshire
Acquisition and disposal leads to double digit yield!
On behalf of clients Primmer Olds B.A.S have acquired the freehold interest of 152-154 Eastney Road, Southsea, Portsmouth. The property when purchased consisted of 2 residential flats at first floor level rented by way of ASTs and large vacant ground floor shop.Patrick Mattison of Primmer Olds
B.A.S who facilitated the transactions explains 'We presented this opportunity
to our client having undertaken comprehensive periodic market research which
highlighted substantially higher rental levels were being achieved for the
location that were not known to the open market. We were fortunate enough to
identify a tenant rather swiftly creating the attractive investment we had
believed was possible.'