Go Outdoors, Third Avenue, Southampton
Sector
Retail Warehouse
Initial Yield
Confidential
Price
Confidential
Sale/Purchase
Purchase
A Wide Bulky Goods consented retail warehouse, constructed during the mid-1980s, comprising 36,710 sq ft accommodation (parking ratio 1:291 sq ft). The property is let to Go Outdoors Ltd (2A1 D&B rating) on a 15 year lease from 9th September 2010 (approximately 10.8 years unexpired) at £350,000 per annum, equating to £9.53 psf. The property is considered reversionary and we have been advised that the property is consistently within the top 4 performing Go Outdoors stores in UK.