RECESSION, WHAT RECESSION

Osmond Brookes, South Hampshire’s leading Retail Property Agent, have let 18 Above Bar Southampton to Virgin Media Ltd, represented by GVA Grimley.

Acting on behalf of a client company of F & C REIT Asset Management plc, Osmond Brookes have let the 3 storey shop unit on a new 10 year full repairing lease at a rent of £78500 pa. Comprising over 1300 sq ft of net sales space on the ground floor, the property also has 800 sq ft of storage in the basement and over 1000 sq ft on the first floor. The landlord carried out a major refurbishment prior to the letting, project managed by King Sturge, Southampton.

Osmond Brookes’ Jeremy Braybrooke says that one City Centre letting is just part of the story -

“It is great to see this particular unit let after being empty for some time, while the two adjoining units have also been let, to Rush Hair and Size. Added to this is the letting of the former Dolcis unit to John Anthony and the old Envy unit to Card Factory, meaning that there are currently no empty units in the pedestrianised part of Above Bar for the first time in at least 3 years.”

August 2010