Four retail units in Central Southampton close to the prime retail pitch. At acquisition one of the units was unoccupied (but let), whilst the others were let to Laura Ashley, Blue Arrow and Essensuals Hairdressing. Acquired in July 2011.
The property was broken up into individual units with each being sold when the value was maximised i.e. upon lease renewal, rent review or upon securing vacant possession.
Geared IRR: 14.8%
Hold Period: 3 years
Acquired on behalf of: