South Coast Metropole South Coast Metropole - King Sturge

Other commercial sectors
Fareham
Industrial Office Retail
Prime rent £80.73m 2 £212.59m 2 £968.76m 2
Prime yield 6.50% 6.50% 5.50%
Prospects ✓ ✓
Fareham
Market activity
The Mortgage Lender (MDL), a specialist broker
of mortgages to high-risk borrowers, has been
the most recent victim of the credit crunch. The
company has gone in to receivership and have
consequently vacated 4,459 m² in Forum 3, part of
PRUPIM’s development on Solent Business Park.
MDL’s holding company are seeking to sub-let the
premises.
Mission Performance have taken a new six-year
lease on office space at Lakeside Studio, Carron
Row Farm, Segensworth Road, Fareham. The suite
of 73 m² achieved a rent of £12,000 per annum.
site at 1 and 2 Smeaton Close, Segensworth, to
Sentry Self-Storage. The lettings achieved £45,000
per annum on a new 10-year lease.
Meon View Estates have let an office suite of 114
m² within The Roundel, St Clairs Farm, Droxford.
One2create took a lease with five car spaces at an
annual rent of £12,000.
Barrett Europe, part of the Australian radio
communications group Barrett Communications,
has acquired Unit 9 Victory Park, Fareham. The
284 m² office suite achieved £655,000. Eleven of
the fourteen units built by UK office park specialist
Business Homes have now been sold in the scheme.
Barrett joins solicitors Lawcomm and estate agents
Beals on the park.
In Fareham, 126 West Street has been let on a new
six-year full repairing and insuring lease. Phoenix
House took a lease at a rent of £18,250 per annum
subject to a three-year break-clause.
Adecco UK have let offices at 2 East Street,
Fareham, to First People Recruitment. The 81 m²
office achieved £8,750 pa on a new 4.5 year lease.
Australian investors Stockland Halladale have let
a women-only gymnasium to H30 at Locks Heath
Shopping Centre in Fareham. The tenants have
taken a new 10-year lease on the 194 m² first-floor
premises at a rent of £19,250 per annum, equivalent
to £99.25 per m². The letting followed a surrender
by the previous gym operator Busy Bodies.
Building Monitoring Services have acquired the
long-leasehold interest in Royal House, a twostorey
business unit near Fareham. The 223 m² unit
sold for £290,000 with the occupier relocating from
Crescent House, Eastleigh.
Unit 1 Funtley Court, Fareham, has been let on a
new six-year lease subject to a three-yearly review
at £6,700 per annum. Mobite Money took the 45
m² office unit from landlord Hitchcock Management
Services.
Hampshire County Council have let a 0.29 hectare
45