Auction of two freehold properties expected to exceed £2.5m

A mixed-use property at 447–457 Wimborne Road is available for auction on May 6th with a guide price of £2.65 million. The 35,294 sq ft building is currently leased to B&M and Snap Fitness, generating an annual rent of £247,250. Snap Fitness pays £30,000 for access to a basement car park, with leases extending to 2035 and 2040. Additionally, another property in Westbourne, occupied by a language school since 1989, will be auctioned for approximately £2.95 million, yielding £272,928 annually. Investors interested in diversifying portfolios may find these properties attractive.

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