South Coast Metropole South Coast Metropole - King Sturge

King Sturge: South Coast Metrolpole 2008
Lok’n’store have acquired a 0.97 hectare site on
Third Avenue, Millbrook, Southampton, for £3
million. The vendors were Southern Engineering &
Machinery Components.
Solent Re-Use has taken a lease on Unit 4 Northbrook
Industrial Estate, Shirley. The 417 m² unit achieved
£19,500 per annum, equivalent to £46.72 per m².
The landlords were Petersfield Developments.
Waste to Energy facility, Southampton
Kier Commercial Investments have acquired the
0.91 hectare Brazier Industrial Estate on Millbrook
Road West, Southampton. The freehold industrial
investment provides 4,088 m², fully let, providing
a total income of £217,000 per annum. Tenants
include Carillion Construction, Solent Plumbing
Supplies and Covers & Linings. Kier also acquired
an adjacent freehold office building fronting Third
Avenue last year.
SEEDA, the regional development agency, has
acquired RAF Hythe, a 6.87 hectare waterfront former
military base to the west of Southampton. SEEDA
acquired the site following the de-commissioning
of the base under inter-governmental land transfer
arrangements. The acquisition ensures the site
remains in employment use, and surprised many
private sector developers who were expecting the
Ministry of Defence to market the site. The transfer,
at between £4 and £5 million, will enable SEEDA to
promote marine-related employment on the site. A
joint venture partner is likely to be sought in due
course.
Office activity
After an exhaustive search, Hampshire Constabulary
looks certain to develop its new police station on
a curious site close to the docks. The triangle site
adjacent to West Quay Road, Mountbatten Way
and Southern Road, owned by the council, will
accommodation a new 9,290 m² facility, having
previously been used as a haulage depot. The new
facility will provide 42 cells and the CID.
Freshwater Property have let the fifth and sixth
floors of Dukes Keep, Marsh Lane, Southampton
to Carnival, on a new five-year lease at £150.69 per
m². All Leisure Group Plc have also taken the 14th
floor at a similar rent.
Fairline have taken a new 15-year lease on 743 m²
of production and office space at Hamble River
Boatyard. The building provides 604 m² of workshop
space and 232 m² of offices. Fairline are paying
£70,000 per annum and will use the space to sell
their range of motorboats.
Skandia House, Southampton
Southampton Docks
Teesland IOG and HBOS have let 372 m² of
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