On behalf of private investors, Cooper Rose Real Estate has acquired the freehold interest in Debenhams, Queensway, Southampton.

The 285,303 sq ft store is let to Debenhams Retail plc at a current rent of £1,823,860 per annum, subject to annual fixed uplifts until March 2019, and then open market rent reviews.

The acquisition price is confidential. The quoting price was £31,250,000, refelcting a net initial yield of 5.47%.

Contact Ben Rose