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.
