Property overview

Acting on behalf of a private property company, Franck-Steier Price Ltd (FSP) has acquired this multi let retail and residential investment in the centre of Shipston on Stour.

The property comprises three period buildings providing 11 retail units and four apartments. The property was fully let with the retail units let to an array of local businesses, the residential apartments had been sold off on long leasehold interests. The total rent roll was £63,492 per annum.

The investment was purchased for £680,000, reflecting a net initial yield of 8.87%. LSH acted for the vendor.