Retail Investment Property Southampton, Hampshire – Sold
Primmer Olds B.A.S have secured the sale of a retail property let to Coffee#1 with two residential flat investments above in Shirley, Southampton on behalf of a private investor. The sale was concluded off market and the investment was for sale for a short period only. The property occupies a prominent corner trading position in a busy suburban area of Southampton.
A new Lidl foodstore is also under development nearby, which is likely to improve the trading position. The retail / café part of the property was let on a long lease, but has a tenant break due in 2020 which added risk to the profile of this investment opportunity due to current concern within the retail sector. Coffee#1 is a national chain of coffee shops which was acquired earlier this year buy competing chain Caffe Nero from SA Brains.
If you are looking for commercial property investments in Hampshire & Dorset contact the agent, Duane Walker of Primmer Olds B.A.S.