Fusion 1 2 3
Total Page:16
File Type:pdf, Size:1020Kb
FUSION 1 2 3 SOLENT BUSINESS PARK, FAREHAM PO15 7AB STRATEGICALLY LOCATED BUSINESS PARK INVESTMENT 02 INVESTMENT SUMMARY • Prominently situated on Solent Business Park, the premier • A total passing rent of £2,890,624 per annum provides and Solent Business Park, business park on the south coast, adjacent to Junction 9 of the average rent of £18.15 per sq ft (including the vendor’s rental M27 motorway equidistant between Southampton and guarantee). the premier business Portsmouth. • A contracted rent of £2,430,615 per annum equating to an • Fusion is only a 15 minute walk and 2 minute drive from British average rent of £15.23 per sq ft (exclusive of the vendor’s park on the south coast Land’s £100m redevelopment of Whiteley Shopping Centre, rental guarantee). which offers 340,000 sq ft of retail and leisure amenity. • Estimated Rental Value of £19.00 per sq ft. The park will also benefit from a £23m infrastructure project on • WAULT of 4.67 years to expiries and 2.39 years to breaks. Junction 9 of the M27 and Parkway South roundabout, thus • reducing congestion to Solent Business Park. • 818 car parking spaces providing an excellent car parking ratio of 1:192 sq ft. • Three high quality office buildings known as Fusion 1, Fusion 2 and Fusion 3 totalling a net internal area of • We are instructed to seek offers for the freehold interest in (14,605.39 sq m). excess of £33,800,000 (Thirty-Three Million Eight Hundred Thousand Pounds), subject to contract and exclusive of VAT. A Freehold. • purchase at this level provides an attractive net initial yield of • Fusion is multi-let to seven tenants with strong covenants on 8.01% after deducting purchasers’ costs of 6.77%. This reflects 10 leases. There is a 9,632 sq ft vacant suite on the ground a low capital value of £215 per sq ft overall. floor and 14,579 sq ft vacant suite on the part 1st floor of Fusion 3. The vendor will provide a 12-month rental guarantee on the vacant space. FUSION 1 FUSION 2 FUSION 3 FUSION 1, 2, & 3, SOLENT BUSINESS PARK, FAREHAM PO15 7AB 03 A DIVERSE RANGE OF TENANTS Solent Business Park - INCLUDE: Adjacent to Junction 9 of the M27 motorway equidistant between Southampton and Portsmouth. WHITELEY SHOPPING CENTRE Retailers include: Marks & Spencer Tesco Superstore Wagamama Meadowside Leisure Centre THE PARSON’S SOLENT HOTEL Frankie & Benny’s COLLAR PUB & SPA SOUTHAMPTON (10 MILES) Cineworld Prezzo SOUTHAMPTON AIRPORT H&M (10 MILES) Boots CAFE DALUCCI Costa Coffe LIDL DOMINO’S & SUBWAY JUNCTION 9 TRENCHERS FUSION 1 2 3 M27 SKYLARK GOLF & COUNTRY CLUB FUSION 1, 2, & 3, SOLENT BUSINESS PARK, FAREHAM PO15 7AB PORTSMOUTH (10 MILES) 04 LOCATION & SITUATION Solent Business Park is a major employment hub within the Solent economic region on the South Coast of England. Solent Business Park is a major employment hub slip roads and installing traffic lights at Parkway South within the Solent economic region on the south roundabout (the first roundabout as you approach coast of England. It is located on the M27 corridor Whiteley). The scheme will reduce congestion and equidistant between Southampton and Portsmouth. unlock economic development. Southampton city centre is situated 8 miles to the west, whilst Portsmouth is situated 11 miles to the east. London is approximately 80 miles to the North Whiteley Shopping Centre East. Adjacent to the business park is Whiteley Village, Solent Business Park covers some 79 hectares a modern and expanding residential scheme and (195 acres) of mixed-use development. The Park is Whiteley Shopping Centre at the commercial centre of comprehensively landscaped with parkland and lakes. the development. British Land invested approximately £100m redeveloping the shopping centre which offers The Park has attracted a diverse range of 340,000 sq ft of shopping and leisure amenities, tenants including HSBC, St James’s Place Wealth anchored by Tesco and M&S alongside other high Management, Morgan Sindall, IWG, Lloyds TSB Bank street names such as Next, H&M, Fat Face and Boots. Plc, Shoosmiths Solicitors and National Air Traffic The centre can be reached within 2 minutes by car Services (NATS). from Fusion or a 15-minute walk. Fusion is situated at the entrance to the Business It is well served by restaurants including Five Guys, Park, occupying the most prominent position of all the Nandos, Pizza Express, Coast to Coast, Prezzo, office schemes located there. It is widely regarded as Wagamama, Yo! Sushi, Harvester, and Frankie & the prime out of town office location along the M27 Benny’s, as well as coffee shops including Starbucks, corridor and southern M3/A3(M). Caffe Nero and Costa and an indoor climbing soft play centre, Rock Up and a Cineworld cinema. Road improvements are currently underway on Junction 9 of the M27 and Parkway South roundabout, The Solent Hotel and Spa is located to the north Whiteley. This £23 million project is jointly funded by of the business park and offers 111 bedrooms and Hampshire County Council and Highways England. conference facilities for up to 200 people. The Skylark The scheme will increase the capacity of the Golf & Country Club is 1 km to the east of the park. junctions and improve traffic flows by widening the roundabouts, adding additional lanes to the motorway FUSION 1, 2, & 3, SOLENT BUSINESS PARK, FAREHAM PO15 7AB 9 A31 10 11 11 05 M25 & LONDON GUILDFORD 12 CONNECTIVITY & LONDON M3 Road 13 EASTLEIGH The region benefits from direct motorway access to London via the M3 and 14 SOUTHAMPTON the A3(M) / A3. Links to other major arterial routes including the A303; A31 M27 4 AIRPORT 4 & PARKWAY A3 and A36 provide convenient access to other key cities in the South. 4 3 5 A32 BOURNEMOUTH Solent Business Park is accessible from Junction 9 of the M27, with two further secondary access routes into / out of the business park helping to SOUTHAMPTON FUSION 1 2 3 1 alleviate peak time congestion. 4 7 A33 SOUTHAMPTON A34 CENTRAL 2 A27 WICKHAM Rail A35 8 A3(M) Swanwick railway station is located approximately 1 mile from Solent WATERLOOVILLE Business Park, providing regular services to Southampton (17 minutes) and 3 9 Portsmouth (31 minutes), from where South West trains operate frequent M27 HYTHE 10 A3 4 services to London Waterloo, with a journey time of approximately 1 hour 11 FAREHAM and 30 minutes. Fareham railway station is located 5 miles from the Park, A27 5 12 providing direct services into London. Bus services link Solent Business PORTCHESTER 12 A27 Park to Swanwick train station with onward services to Southampton and FAWLEY BEAULIEU Portsmouth. GOSPORT Air PORTSMOUTH HAYLING PORTSMOUTH & ISLAND Southampton Airport is located approximately 9 miles to the north-west of SOUTHSEA THE SOLENT Fusion, adjacent to the M27 Motorway (Junction 5). It is the major airport on the South Coast providing domestic and short-haul flights. The airport has grown significantly in recent years with 21 airlines now operating out of it and flying to destinations including Edinburgh, Jersey, Dublin, Amsterdam A44 and Paris. A10 BISHOP’S CHELTENHAM LUTON STORTFORD GLOUCESTER AYLESBURY A1(M) The airport handles c. 1.8 million passengers annually and serves over 40 M1 M11 A419 M25 UK and European cities. The airport is a major attraction for multi-national CHELMSFORD CIRENCESTER M5 A420 OXFORD M40 A12 occupiers looking at office space in the South Coast as it provides excellent connections to Europe. SWINDON READING LON DON M25 Sea M4 CITY BRISTOL HEATHROW FAWLEY Solent Business Park is strategically located between the ports of NEWBURY A4 BATH Southampton & Portsmouth. The Port of Southampton holds the title BRISTOL M2 A346 A34 M25 of being the UK’s busiest cruise terminal handling over 1.5 millon cruise BASINGSTOKE M3 WOKING MAIDSTONE CANTEBURY passengers a year across four terminals and home to P&O cruises and A36 ANDOVER GUILDFORD M20 M23 A2 Cunard Line. It is also the UK’s second largest container port handling over A303 A31 GATWICK ROYAL A3 TUNBRIDGE one million tonnes of bulk cargo annually. Portsmouth International Port is A37 WINCHESTER WELLS DOVER SALISBURY A24 FOLKESTONE the second busiest channel ferry port and handles over 3.5 million people A36 A22 A21 SOUTHAMPTON A23 and around 2 million tonnes of imports and exports annually. 4 YEOVIL FUSION 1 2 3 9 A3(M) SOUTHAMPTON M27 A27 A27 A31 HASTING WORTHING BRIGHTON EASTBOURNE DORCHESTER PORTSMOUTH BOURNEMOUTH ISLE OF WIGHT ENGLISH CHANNEL WEYMOUTH FUSION 1, 2, & 3, SOLENT BUSINESS PARK, FAREHAM PO15 7AB 06 SOLENT BUSINESS PARK 1 The Parsons Collar Pub 2 The Solent Hotel Spa & Gym 3 Lidl 4 4 Whiteley Shopping Centre Solent Business Park is home to 5 Cafe Dallicci 6 Subway 60 companies with over 5,000 7 Dominos 8 Whitleye Dental Practice employees. 9 Trenchers Sandwich Bar Solent Business Park is renowned as the established office park on the south coast and is 10 Skylark Golf & Country Club home to 60 companies with over 5,000 employees. 1 Fusion is situated at the entrance of Solent Business Park, with the buildings located to the 2 south west of a landscaped lake feature. There is a coffee shop amenity situated next to the lake with an outside seating area which is well utilised by occupiers across the park. The Solent Centre also provides several amenity offerings including a café, Subway, and Dominos a short walk away. 3 6 5 7 FUSION 1 9 FUSION 2 8 FUSION 3 Southampton (10 miles) J9 Portsmouth (10 miles) M27 10 ON-SITE CAFE / SPA HOTEL & WHITELEY SUPERMARKETS GOLF & RESTAURANT GYM SHOPPING CENTRE COUNTRY CLUB FUSION 1, 2, & 3, SOLENT BUSINESS PARK, FAREHAM PO15 7AB 07 FUSION 1, 2, & 3, SOLENT BUSINESS PARK, FAREHAM PO15 7AB 08 SOUTH COAST ECONOMY The cities of The M27 corridor is well positioned Southampton and between the UK’s busiest port, the Portsmouth boast an impressive economy Southampton Docks, and Portsmouth, worth approximately the home to The Royal Navy.