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%.
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