Sold for £1.87m

Daily Echo: Sold for £1.87m Sold for £1.87m

A WINCHESTER city centre bank building has exceeded its auction guide price.

The Santander Bank at number 21 went under the hammer for £1.87 million in London, some £20,000 above the expected £1.8-1.85 million guide range.

CBRE Auctions declined to reveal who had bought the property. The likely purchaser is likely to be a London or even internationally-based pension or investment fund.

The Santander building currently attracts an annual rent of £125,000, a yield of 6.9 per cent.

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7:59am Wed 24 Oct 12

ameliaS says...

Now all they have to do is let it!
Now all they have to do is let it! ameliaS
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