The Debenhams store in Southampton has reportedly been put up for sale for £31.3m.
Debenhams autumn 16 campaign
Debenhams autumn 16 campaign
Aviva Investors has placed the 285,300 sq ft property, which is the one of the largest stores in the Debenhams portfolio, on the market.
The store is let on a long lease to Debenhams with 17 years remaining for a rent of £1.8m a year, according to Property Week.
You might also like...
Debenhams inches closer to CVA
Embattled department store Debenhams is reported to be moving closer to a company voluntary arrangement (CVA), as it holds talks with landlords and banks.
Online sales tax ‘illegal’ under EU law
The government has said that an “Amazon tax” on online sales could be illegal under European Union state aid rules.
Debenhams secures £40m cash injection
Debenhams has secured a £40m cash injection after extending its credit facilities with lenders in a bid to put the business on a more stable footing.
John Lewis to close Southsea branch
John Lewis & Partners will close historic department store Knight & Lee in Southsea in July, putting 127 jobs at risk.
Have your say
You must sign in to make a comment
Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.