Home Track Record Sale: Dorset Street, Southampton

Sale: Dorset Street, Southampton

Posted on 07/28/11
  • 1 Dorset Street is a prime office location in Southampton City centre sold on behalf of the developer, The Dorset Street Partnership.
  • The building was built in 2007 and is let to Grant Thornton, Santander and Michael Page with a weighted average unexpired lease term of 5.5 years.
  • Current total rent of £511,281 per annum equates to an average passing rent of £20.35 per sq ft overall.
  • The freehold investment was sold in July 2011 to Standard Life for £6.1m reflecting a NIY of 7.9% after purchasers costs.

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