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Sold on 01/02/2022
£1,150,000 (Subject to Contract and Exclusive VAT)
The property occupies a prominent position within the southern pedestrianised section of Above Bar Street. Boots is one unit removed and the subject property adjoins Yorkshire Building Society and John Anthony Menswear with Primark, and the entrances to West Quay Shopping Centre and Watermark West Quay all within close proximity. Virgin Media, Primark and Santander opposite and close-by.
Southampton is a major regional shopping destination, offering approximately 2.18m sq ft of retail accommodation and an estimated shopping population of circa 434,000 persons. The city is ranked by Venuescore as a top 15 retail destination within the UK. The West Quay shopping centre (800,000 sq ft), anchored by John Lewis and Marks & Spencer, has significantly enhanced this retail provision since its opening in 2000.
In addition, Watermark West Quay, which opened in 2017 has significantly improved the cities leisure provision. Above Bar street remains a prime pedestrianised thoroughfare where major retailers represented include, Sports Direct, Urban Outfitters, Primark, TK Maxx, WH Smith, Boots and Superdrug.
£91,000.00 per annum exclusive
Specsavers Optical Superstores Limited
Freehold
7.5% Net Initial Yield
Partner | Investment
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DTZ Investors
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