B & Q Southampton

  • Acquired in December 2017 for £40.4m, reflecting a net initial yield of 6.6%.
  • The property is located in one of the premier out-of-town retail locations in Hedge End, 5 miles from Southampton city centre.
  • The property comprises 115,913 sq. ft. of retail warehouse accommodation together with a garden centre, builder’s yard, trade park counter and self-contained car park.
  • The property is wholly occupied by B&Q PLC on a 20 year FRI lease.