Investment.

Hedge End.

Next at Home, SO30 4RT

Map View

Status.

Sold on 01/01/2015

Price.

£31,250,000

Location.

Hedge End, 4.8 miles to the east of Southampton City Centre, is a major regional trading location on the South Coast and one of the most established retail warehousing locations in the South of England.

Description.

The property is of a striking design, comprising a modern quality purpose built three-storey retail store with external garden centre, entrance lobby and a café, which is occupied by Costa Coffee. The principal elevations are of full height frameless glazing, a design sought after by retailers.

The building is clad with limestone and high quality decorative features. The high specification of the construction and tenant’s fit out sets it apart from other Next Fashion, Home and Garden stores and is substantially superior to the traditional out of town retail warehousing formats. Next have invested large sums into the specification and design of Hedge End and view it as their flagship Fashion, Home and Garden store across the UK.

Rent.

£1,454,000.00 per annum exclusive

Tenant(s).

Next

Tenure.

Freehold

Yield.

4.36% NIY

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Ed Smith.

Partner | Investment

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