Wholesaler snaps up Southampton shed

Wholesaler and cash and carry operator AG Parfett  & Sons has snapped up a 113,071 ft2 second hand warehouse in Southampton at a rent equivalent to £11.49 per ft2.

By Liza Helps Property Editor Logistics Matters

THE COMPANY agreed a 20 year lease at an annual rent of £1.3 million with landlord Urban Logistics REIT for the unit at Hedge End close to Junction 7 of the M27 motorway.

The building was vacated and refurbished and re-let within one financial year. The refurbishment saw the property achieve an EPC B rating following significant ESG improvement.

Situated on a 6.79 acre fully self contained site the property consists 98,377 ft2 of warehouse space  as well as 14,694 ft2 of first floor offices. It has 9.1m eaves and 11 level access doors.

Joint letting agents were Lambert Smith Hampton, M1 Agency and Realest.

Published By

Western Business Media,
Dorset House, 64 High Street,
East Grinstead, RH19 3DE

01342 314 300
admin@westernbusiness.media

Contact us

Simon Duddy - Editor
01342 333 711
sduddy@westernbusiness.media

Liza Helps - Property Editor
07540 624 360
lhelps@westernbusiness.media

Louise Carter - Editorial Support
01342 333 735
lcarter@westernbusiness.media

Neill Wightman - Sales Manager
07818 574 304
nwightman@westernbusiness.media

Sharon Miller - Production
01342 333 741
smiller@westernbusiness.media

Logistics Matters