News

L&G sell Basingstoke Homebase

Price: £17 million Type: Investment Sale Status: Under Offer

Legal & General have put the freehold of the Homebase, Winchester Road, Basingstoke on the market for £17m, reflecting a net initial yield of 6.19%.

The property is a prime retail warehouse investment in the very affluent town of Basingstoke. It is let to Homebase Ltd for over 11.5 years at £1,113,000 per annum. The unit is 68,496 sq ft.

For further information contact Nick Staunton or Hamish Whiteman.