Southampton: CBRE appointed to sell Hythe Marine Park

A rare opportunity has arisen to acquire a 12.1 acre freehold waterfront industrial estate at Hythe Marine Park just outside Southampton.

The site also has 33.4 acres of seabed currently leased from the Crown Estate and there is detailed planning consent for a further 40,000 sq ft industrial building in addition to the existing 224,410 sq ft.

CBRE has been appointed to manage the sale of this landmark site by informal tender, which is expected to be completed by early June.

The site, a former US military base, has been transformed in recent years into one of the region’s most important marine business parks, securing the site’s long term employment use as a specialist marine industrial estate and small office/business centre.

Commenting on the opportunity, CBRE investment director Jon Diaper said: “Hythe Marine Park is a unique investment opportunity. The flexibility of space and direct access to Southampton Water enables tenants to be involved in some of the most specialist marine activities in the UK involving manufacturing, maintenance and repair."

He added: “This is an exciting opportunity for a specialist investor to be part of the south’s growing marine industry. Recent years have seen both occupation and employment levels on the site increase as new businesses take up available space to suit their requirements.”

Located to the south of Hythe town centre on the western shore of Southampton Water, Hythe Marine Park has excellent transport links and Southampton city centre is only 10 miles to the north.

There is direct access to Southampton Water via a communal slipway. A particular feature of the site is a unique slipway hoist and traverse rail system that will allow some of the largest commercial and leisure vessels to be removed from the water for repair and service. The facility has the capacity to slip vessels of up to 750 tonnes and 55m long.