A business centre near Southampton has been sold at auction for £400,000.
The freehold building, Guildsrealm House, located at Unit 39, Mitchell Point Estate, Ensign Way, Hamble, was among 168 property and land lots listed by Clive Emson Auctioneers.
The building, which is let at £51,540 per annum, has all nine letting offices occupied.
Michael Marchant, a senior auction appraiser for the firm, said: "Based on purchase price and rental income, the gross rental yield is nearly 13 per cent, a healthy return."
A three-bedroom cottage near Wickham, guided at £460,000 to £480,000, sold prior to the auction on May 1.
The freehold property, Horseshoe Cottage, Gamblins Lane, Shirrell Heath, is on a 0.34-acre plot.
Joint auctioneers were Byrne Runciman.
Clive Emson Auctioneers’ next auction concludes on June 12, with bidding live from June 10.
Lot entries close May 19, with the catalogue live from May 22.
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