A private investor represented by Curchod & Co has sold the freehold investment of 16 Southern Road in Basingstoke, Hampshire, a roadside auto centre of 5,059 sq ft, which is occupied by Kwik-Fit.
The investment currently produces an income of £50,000 per annum exclusive and was put on the market with a guide price of £700,000. It was sold to another private investor, with the eventual sale price exceeding the guide price.
Thomas Nurton of Curchod & Co said: “Due to the rarity of freehold investments in Basingstoke, the availability of the Kwik-Fit premises generated a high amount of interest from the market. The fact that the quoting price had been exceeded confirms the strength of the investment market, not only in Basingstoke, but across the north Hampshire market.”
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