Savills Investment Management acquire Basingstoke Homebase

Price: £17.275 million Type: Investment Sale Status: Completed

Savills Investment Management have acquired the Homebase at Winchester Road, Basingstoke for £17.275 million, reflecting a net initial yield of 6.09%.

The 68,496 sq ft building is let to Homebase Limited for in excess of 11 years, at a passing rent of £16.25 psf.