Lodden Business Centre, Basingstoke

RSJ Investments, advised by Nightingale Partners, has purchased the long leasehold interest in The Loddon Business Centre, Basingstoke from Satinwood Ltd.The purchase price of £1,450,000 represents a net initial yield of 11.1%.

The property comprises a multi let business centre of 18 units totalling 30,523 sq ft. It is multi let to 10 tenants with a weighted unexpired lease term of approximately 5 years and provides a current net income of £170,554 per annum. The property also benefits from 5 vacant units.

Nightingale Partners represented the purchasers.