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The Knighton Centre 47-49 High St 21,797 SF Retail Building Southampton SO45 6AG $6,550,080 ($300.50/SF) 6.26% Cap Rate
EXECUTIVE SUMMARY
The Knighton Centre is a prominent, freehold town-centre scheme anchored by Waitrose, who recently regeared on a new 10-year lease and contribute nearly half the income. The property totals 32,248 sq ft across a supermarket, four retail units, a bar and two flats, set on a 2.13-acre site with 104 parking spaces. Income sits at £321,141 per annum with a strong WAULT of 8.42 years, supported by long-standing occupiers including Waitrose, Superdrug, Ladbrokes and Morrisons Daily.
Offers are invited in excess of £4.8m, reflecting a 6.26% NIY and a low £148.85 psf capital value.
Offers are invited in excess of £4.8m, reflecting a 6.26% NIY and a low £148.85 psf capital value.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
21,797 SF
Building Class
C
Year Built
1986
Price
$6,550,080
Price Per SF
$300.50
Cap Rate
6.26%
NOI
$410,035
Tenancy
Single
Building Height
2 Stories
Frontage
95’ on High Street
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The Knighton Centre | 47-49 High St
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