Investment.

Southampton.

360 Hill Lane, SO15 7PH

Map View

Status.

Available

Price.

£2,500,000 (Subject to Contract and Exclusive VAT)

Location.

  The property occupies a highly visible and strategic location on the Hollybrook Roundabout at the junction with the Winchester Road (A35), which extends from Southampton to the residential neighbourhood of Lords Hill. Positioned within a predominantly residential area, the site benefits from high traffic flow, enhancing its prominence and accessibility.

Description.

The property is let to Sainsbury’s Supermarkets Limited, for a term of 20 years from 7th June 2013 expiring 6th June 2033. The lease is subject to five yearly index linked uplifts geared to RPI, collared at 2% and capped at 4%. The current passing rent is £148,156 per annum. Sainsbury’s recently agreed to remove the June 2023 break option, highlighting their commitment to the location.

Rent.

£148,156.00 per annum exclusive

Tenure.

Freehold

Yield.

Share.

All viewings are strictly by prior appointment.

Alex Murray .

Associate Partner | Agency

Will Civil.

Surveyor | Investment

Ben Sykes.

Surveyor | Agency

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

abrdn

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson