HEADLINES INSIDE THIS ISSUE
Bournemouth team expands to new office at Wessex Fields
Office deals result in annual awards hat-trick
Growth of South Coast team continues with series of hires
Beware changes to business rates with Revaluation 2023 on the horizon
Along with our full property listings
Expert property advice, delivering competitive advantage.
Offices to let from 2,883 - 14,908 sq ft l l l l l l
5,266 sq ft - 10,681 sq ft 50 car parking spaces
Since the last edition, there have been a great many developments – both here at Vail Williams, and in the commercial property market generally, which we cover in this edition.
6
I am pleased to announce that, hot on the heels of our recent Thames Valley and London office relocations, our growing Bournemouth team has moved to a new Grade A office at Wessex Fields - a short distance from the town centre. This move will benefit both our team and our clients, allowing us to operate from a smart new space, boasting a good variety of facilities, as well as meeting rooms and collaboration space. We look forward to welcoming you there soon.
Open plan flexible floorplate Communal break out facilities 13 cycle and 18 car parking spaces 2 electric car charging points New shower and changing area Fitwel certification for healthier workplace environments
#feelbetterworkbetter
3 Waterside Place
5
Andy Hodgkinson 07702 801595 AHodgkinson@lsh.co.uk
onedorsetstreet.co.uk
Vail Williams expands to new South Coast office
Office deals – annual hat-trick for Vail Williams
9
Should I stay or should I go? When is relocation right?
10-11
Build-to-rent revolution reaches maturity as investment booms
Our wider South Coast team also continues to go from strength to strength, with the several new appointments in recent months and more in the pipeline, as we continue to invest in our services to meet client needs. This in turn has seen us achieve a series of new client appointments over recent months.
14
This growth in client base and team has allowed us to continue on our award-winning streak, with our South Coast Agency announced by CoStar as the leading south coast office agents for the third year running.
16
As the awards indicate, the property market across the South Coast continues to be buoyant – both office and industrial terms. Businesses continue to reassess their office needs and we are seeing this translate into a flight to quality and increased demand for flexible, fit to fly office space across the region’s major towns and cities.
19
Revaluation 2023: Beware changes to business rates
The deals have been flying in
Investment valuations review… and what comes next
Meanwhile industrial demand continues to boom, and we are delighted to be supporting both investors and developers as well as occupiers to develop, market and let space across the region.
5 Waterside Place 4,184 sq ft Available 8 car parking spaces
It is an exciting time for the commercial property market on the South Coast currently, as we continue to support our occupier, investor, developer and landlord clients here to make the most of the opportunities that are available to them. You can review some of these in this edition – from offices to let, to industrial listings. I hope that you enjoy reading this edition of Headlines Magazine and do get in touch with a member of our South Coast team to discuss any specific needs you might have. Gary Jeffries Regional Managing Partner, South Coast
Nik Cox 07870 557 410 ncox@vailwilliams.com
OFFICES TO LET FROM 5,266 - 10,681 SQ FT Refurbished office space with breathtaking views over the harbour from every floor.
l l l l l l
New air conditioning New raised floors Suspended ceilings with LED lighting New shower facilities and WC’s Generous on-site car parking Fitwel certification for healthier workplace environments
To comment on this edition or to advertise with us please contact Talia Jones on tjones@vailwilliams.com or via 07785 535 933
Emma Lockey 07825 357 481 emma.lockey@cbre.com
watersideplace-southampton.co.uk
Savannah House 3 Ocean Way, Ocean Village Southampton, SO14 3TJ
vailwilliams.com
PAGE 3
Contents
Nik Cox 07870 557 410 ncox@vailwilliams.com
Welcome to the latest edition of Headlines Magazine – Vail Williams’ South Coast commercial property publication.
OFFICE SUITEs
VAIL WILLIAMS
TO LET
EXPANDS
Innovation and Collaboration hub, PORTSDOWN TECHNOLOGY PARK
TO NEW SOUTH COAST OFFICE Property consultancy Vail Williams has underlined its commitment to growth on the South Coast with new premises.
SOUTHWICK ROAD, PORTSMOUTH, PO6 3RU
The state of the art Innovation and Collaboration Hub is set within Portsdown Technology Park, which is a Centre of Excellence in Maritime Mission Systems. These brand new office suites are hoping to attract occupiers across the Maritime, Technology, Security and Defence sectors, offering opportunities to work alongside QinetiQ and their partners in this outstanding environment. Secure site Grade A office fit out
PAGE 4
The relocation within Dorset, to Bournemouth from near Wimborne six miles away, comes a year on from the advisory firm merging with Cowling & West.
LOCATION Portsdown Technology Park offers easy access to the M27 (J12) and the A3(M). The property is set in a highly secure environment and benefits from panoramic views across Portsmouth City and Harbour.
Car parking
SUMMARY
Reception facilities
2,352 sq ft (219 sq m) to 5,480 sq ft (509 sq m)
Auditorium and conference rooms
CONTACT
Restaurant, café and gym facilities
Alex Gauntlett on 07584 657826 or via email agauntlett@vailwilliams.com
vailwilliams.com
Vail Williams’ staff are now based at a 1,700 sq ft office in Everdene House, Wessex Fields, opposite the Royal Bournemouth Hospital and just off the A338 – a major route linking the UK’s 10th largest urban area with the A31 HampshireDorset corridor.
Sequel Consulting, based in Guildford, carried out the fit-out for Vail Williams’ new office in Deansleigh Road. Other occupiers at Everdene House include law firm Dutton Gregory and Terence O’Rouke, the planning, design and environmental consultancy. Last month (March), Vail Williams reported record-breaking revenues of £16.86 million for 2020-21, up from £15.5 million the previous year. With 11 offices across the UK, the firm also expanded geographically, increased staff numbers and grew its client base.
Russell Miller, a Partner who leads the office, said: “The quality of our new premises reflects the quality of services to clients, from lease advice, property valuation and planning to asset management, property acquisition and disposal.
Vail Williams is one of the largest independent providers of commercial and residential property advice in the UK. Holder of the Gold accreditation from Investors in People, the firm provides property advice for landlords, occupiers, investors, developers and landowners in both the public and private sector, across the UK.
“Our 10-year lease also underlines our commitment to the buoyant Dorset, Hampshire and Wiltshire region as we mark the first anniversary of Vail Williams merging with Cowling & West.
Vail Williams employs 172 people, of which 50 are partners, based across its 11 offices in the Midlands and south of England (Birmingham, Bournemouth, Brighton, Crawley, Heathrow, Leeds, London, Portsmouth, Reading, Southampton and Woking).
“As well as the location, Everdene House is a superb base for the team and new hires – we are actively recruiting for a number of roles, including chartered surveyors.”
vailwilliams.com
PAGE 5
OFFICE DEALS
ANNUAL HAT-TRICK FOR VAIL WILLIAMS Property consultancy Vail Williams has led the field on office transactions for the third consecutive year on the South Coast. The recognition comes from CoStar, a global leader in commercial real estate information. Analysis by CoStar ranked Vail Williams as the most active disposal agent for square footage and most active disposal agent for the number of deals made in the 2022 CoStar Annual Agency Awards. The independent won the most active disposal agent by square footage in the previous two years and most active disposal agent by number of deals in 2020 as well. Vail Williams has 11 offices across the UK, including in the port cities of Southampton and Portsmouth. Nik Cox, a partner at Vail Williams’ Solent region, said: “It is the third consecutive year that we have won category awards on the South Coast by CoStar. “Companies are increasingly discerning about workspace requirements as employees return to offices following the pandemic. We are proud to play a role in helping businesses grow.”
Office deals by Vail Williams include Utmost International, which provides insurance-based wealth solutions, moving 60 staff into 2 Charlotte Place, Southampton. Global engineering, architecture and consultancy company Ramboll pre-let 12,077 sq ft on the ground floor at a flagship green building in Southampton city centre, signing a 10-year lease commitment.
OFFICE SUITEs
TO LET DELME PLACE, CAMS HALL ESTATE
The business will be the first in at Twenty3 Brunswick Place following a comprehensive refurbishment, with four remaining upper floors to let from 13,000 sq ft to 52,345 sq ft.
FAREHAM, PO16 8UX
Four companies moved into refurbished office suites at The Slipway, Port Solent, Portsmouth in the second half of 2021, leaving just one of the 27 purpose-built units available – 715 sq ft on the first floor.
Delme Place is situated on the 220-acre Cams Estate, an established and successful business park, set in a beautiful awardwinning landscaped conservation area.
Occupiers are load sensing technology specialist Cyclops Marine, cybersecurity consultancy Modsec, internal fit-out and façade specialists MTEC Walling and Solent Sewing and Welding Machines, which supplies sewing and welding machinery to industrial textile industries along with marine fabrics and accessories. In Portsmouth, Markerstudy Broking signed up to 11,259 sq ft of space at the Lakeside North Harbour business campus. The CoStar accolades come as Vail Williams reported recordbreaking revenues of £16.86 million for 2020-21, up from £15.5 million the previous year.
The campus benefits from stunning surroundings including the adjoining 27 hole golf complex and outstanding views to Portsmouth Harbour. On site facilities include The Dovecote Eatery and Cams Mill restaurant. www.cams-estate.com Recently refurbished Ground and first floor high quality office suite Comfort cooling Full access raised floors
Looking for the right commercial property?
Allocated parking (1:256 sq ft)
Get in touch with the Vail Williams agency team via agency@vailwilliams.com
Accessed via J11 of the M27
SUMMARY
3,895 to 17,800 sq ft (362 to 1654 sq m) CONTACT
Russell Mogridge on 07815 737175 or via email rmogridge@vailwilliams.com
NIK COX
PAGE 6
vailwilliams.com
vailwilliams.com
PAGE 7
Should I Stay or Should I Go? (You’ve Got to Let Us Know) In a fast-moving economic environment, it is common for a business to find that existing premises are no longer ‘fit for purpose’. When this situation occurs, occupiers can jump straight to relocation in search of a solution. In some cases, they might wait for the next break option or lease expiry to act. Yet occupiers may wish to consider alternatives to relocation, which can be both costly and disruptive, by working in collaboration with their existing landlord. Lease restructuring is not right for every business, nor every circumstance, but is certainly worthy of consideration. Landlord and tenant engagement is key, as there is often mutual benefit to be found in understanding respective business interests.
OFFICE
TO LET 2nd floor, 2 royal court
For a landlord, best interests will usually be served by retaining and prolonging occupancy, enhancing both income and capital value. It rarely makes commercial sense to lose a ‘good’ tenant. Meanwhile, a tenant is primarily concerned with ensuring that their premises add value to the business – whether providing modern office premises ideally suited to changing working practice and colleague/client engagement, or accessible warehousing optimised to specific business requirements. Where these interests align, there are opportunities to be exploited.
LOCATION
CHURCH GREEN CLOSE, KINGSWORTHY, WINCHESTER, SO23 7TW
The property is situated on one of the newest office schemes in Winchester, at the interchange between the A34 and the A33.
2 Royal Court is a detached three storey modern office building, built just over 10 years ago.
2 Royal Court occupies a prominent position visible from the A33 Basingstoke Road.
The second floor suite has been refurbished to provide accommodation to suit modern office occupier needs.
Rent Reviews A rent review clause constrains the landlord and tenant to a hypothetical valuation scenario which is often divorced from reality. A tenant might consider a lease restructure or extension as a means of mitigating rental and/or lease liabilities. Meanwhile, the landlord again stands to benefit from extended contractual income and corresponding increased capital value. Lease Expiries An obvious one perhaps, but it pays to think creatively about what can be achieved when renewing a lease on existing premises. Dialogue Why wait for an excuse to start a conversation? In many circumstances neither landlord nor tenant are prejudiced by an open and frank conversation about their respective business interests. In commercial property, win-win scenarios should be the norm, not the exception!
Perhaps an existing warehouse is ideally situated but undersized, with scope to extend? A commercially minded landlord could consider undertaking works in exchange for an extended lease term or improved rental income. Alternatively, a tenanted office premises might require modernisation – flexible workspace, enhanced meeting facilities, showers and improved environmental credentials are increasingly sought after to suit changing working practices, and to attract and retain the best talent.
Break Options A tenant-only break option always has value to an occupier, irrespective of whether there is an intention to break the lease, but this can go unrecognised.
31 parking spaces Open plan floor plates
SUMMARY
Air-conditioned
3,000 to 6,746 sq ft (279 to 626 sq m)
New LED lighting
A tenant might expect to achieve a rent free or similar incentive or mitigate to some extent the impact of a forthcoming rent review, while the landlord can preserve capital value and rental income.
So, what are potential triggers for a negotiation?
Modern detached office
Lift
Break options represent uncertainty for a landlord, and the capital value of their asset will often diminish leading up to the option date. If a tenant does not require, or is willing to forgo the flexibility, why not consider varying the lease?
CONTACT
Need help navigating your next move?
Nik Cox on 07870 557410 or via email ncox@vailwilliams.com
Contact us to discuss whether a lease restructure might be right for your circumstances? JOE WALKER
PAGE 8
vailwilliams.com
vailwilliams.com
PAGE 9
well established in Europe, where long-term renting is the norm. The BTR model has been gaining momentum in the UK over the past 10 years, taking off in the last 18 months as new housing supply has struggled to meet rising demand for rental properties. With demand 43% above the five-year average, BTR schemes are coming to market to plug the gap.
Future flies in the BTR ointment? Investor confidence in the BTR market is growing, but could there be potential flies in the BTR ointment?
Why BTR? BTR schemes often boast a range of additional facilities built in to suit modern, urban lifestyles – from gyms to coworking space. Operators of BTR schemes also espouse the benefits of a more professionalised rental experience, which avoids the issue of unscrupulous landlords so prevalent in the private rented sector. Many schemes also offer longer term tenancies and more predictable rents, making them much more appealing to the longer-term renters.
Some BTR developers have been criticised for delivering expensive flats that do not address the housing affordability crisis, with some claiming it only appeals to one type of (wealthy and middle-class) renter.
Meanwhile for others, BTR opens up additional housing options for those who are looking to buy in the future but who may be priced out of the homeowner market.
BUILD-TO-RENT REVOLUTION REACHES MATURITY AS INVESTMENT BOOMS
The residential build-to-rent (BTR) market is reaching maturity as a range of schemes fly off the shelves across the UK, amid booming rental demand.
Such is the demand in this sector that banks, property funds and other institutional investors poured a record level of money into BTR in 2021. An additional 80% of capital was funnelled into BTR last year – some £500m more than in 2020, in spite of the pandemic. As the chronic shortage of housing persists and the UK’s private rented sector continues to struggle to meet demand, the BTR revolution looks set to continue, with investment this year expected to exceed the £4.1bn highs of 2021. The private rented sector has long been dominated by a patchwork of small buy-to-let landlords. BTR, by contrast, attracts global capital from the likes of Goldman Sachs, Greystar and Macquarie, as well as domestic players such as Lloyds Banking and even John Lewis.
Across the South Coast, BTR is making significant progress, particularly in Southampton and Bournemouth.
Indeed, Lloyds is planning aggressive expansion in this sector, with intentions to build up a portfolio of some 50,000 rental homes by 2030 which would see them leapfrog Grainger plc. This growing interest in gaining a slice of the BTR investment pie, sees close to £2bn worth of deals already in the pipeline for 2022.
In 2021, Grainger plc’s first BTR development in Southampton, Gatehouse Apartments, achieved record lease-up as the 132home was fully let eight months ahead of programme.
What is Build-to-Rent (BTR)? Build-to-rent developments are typically purpose-built blocks of flats operated by specialist corporate landlords. The concept is
What is coming out of the ground, where? The majority of BTR schemes are located in cities with increased housing targets, with Manchester topping the charts for BTR popularity. • Barings, one of the world’s largest diversified real estate investment managers, acquired The Trilogy, in Manchester from Moorfield for £53.3m. • Singapore’s CDL Hospitality Trust marked their entrance into the UK BTR market with a £73.3m deal with Fiera Real Estate and Packaged Living in Manchester. • Packaged Living also acquired The Castings, east of Piccadilly Station, in partnership with Fiera Real Estate Fund. The scheme forms part of the Portugal Street Masterplan and will be one of the standout residential offerings in Manchester city centre. • Elsewhere, Australia’s Macquarie, acquired its first UK BTR investment through new platform Goodstone Living, with Eutopia’s £130m Camp Hill Gardens in Birmingham. • And in Liverpool, BMO agreed to forward fund a deal for 258 flats at Hughes House with £40m from their BMO UK Housing Fund. • Meanwhile in London, AXA’s £800m landmark Dolphin Square purchase at Pimlico in 2020 was notable. Pocket Living, which is majority owned by US giant Related, is now delivering its first 400-unit BTR scheme at Old Oak.
There remains a perception problem with BTR which is yet to be overcome.
Forthcoming policy developments could also adversely affect the sector – from residential property developer tax which will introduce a new 4% tax on profits developers make, to the Planning Bill and the potential impact on BTR planning viability. There also remains a cultural hurdle to be overcome in the UK. Here, our houses are very much our castles, with homeownership the aspiration of the majority.
Long-term renting, whilst on the increase, is not yet a fully-fledged trend. Only time will tell if this evolves to be the case, as younger generations come into the housing market. What we do know is that the current housing delivery model is not working. BTR therefore represents an undeniable opportunity to address the housing shortage.
Here in Southampton, investors and developers have been quick to recognise this, including Grainger which is targeting the city for long-term investment. With other pipeline schemes here including Leisure World, Maritime Gateway and Bargate Quarter, it is an exciting time of BTR opportunity for Southampton and its wider regional economy. We look forward to seeing what the rest of the year will bring for BTR, as the sector starts to come to maturity. For more information about investment in or development of BTR schemes, whether on the south coast or across the UK, get in touch.
Need expert insight on BTR? For more information about investment or development, whether on the south coast or across the UK, contact investmentteam@vailwilliams.com GARY JEFFRIES
PAGE 10
vailwilliams.com
vailwilliams.com
PAGE 11
OFFICE
TO LET DRUM COURT
THE SPAIN, PETERSFIELD, GU32 3NG The property comprises an L-shaped, 3-storey office building with 48 car parking spaces to the rear. The building is accessed directly from The Spain or from the rear car park. The ground floor reception provides access to an 8-person lift and a central core which in turn accesses the upper floors by way of main staircase. · Town Centre Location · Open Plan Offices
· Self-contained · Allocated Parking
LOCATION The property is located on The Spain which is just off Swan Street. The main High Street joins Swan Street rendering the property only 0.2 miles from the main town centre which houses several retail and leisure properties. Petersfield railway station is a short walk to the north with direct links to London. Road communications are provided by the A3 trunk road which links London and the M25 with the south coast and the A272 which provides access west to Junction 10 of the M3 at Winchester.
OFFICE
SUMMARY
11,829 sq ft (1098.95 sq m)
CONTACT
Russell Mogridge on 07815 737175 or via email rmogridge@vailwilliams.com
OFFICE
TO LET SHORE HOUSE
NORTH HARBOUR BUSINESS PARK
COMPASS ROAD, PORTSMOUTH, PO6 4PR Shore House is a detached, prominent, two-storey office building with two selfcontained reception and core areas. Separate suites are available from 4,984 sq ft.
LOCATION The property forms part of North Harbour Business Park, a popular mixed use/office development located to the north of Portsmouth, close to Junction 12 of the M27 and Port Solent, with its attractive marina, shops & restaurants. London/M25 and Guildford are easily accessible via the A3(M), with Southampton International Airport located approximately 20 miles east at Junction 5 of the M27. Direct trains to London are available from Portsmouth & Southsea, Cosham and Portchester stations.
PAGE 12
• New LED lighting throughout • New air-conditioning • New carpet • New doors • New kitchen/breakout area • Fully refurbished toilets • Fully redecorated • Car parking ratio: 1:194 sq ft
TO LET saxon house
SAXON WHARF, SOUTHAMPTON, SO14 5QF Open plan office space with marina views is offered within Saxon House, a two-storey building with easy access to Southampton City Centre and the A27. • 6 car parking spaces • Flexible lease terms • 4 person passenger lift • Communal kitchenette • Separate male/female toilets • Can be accessed both internally or externally LOCATION The property is situated in Saxon Wharf, off Lower York Street, approximately 1 mile north east of Southampton City Centre. Neighbouring occupiers include Oyster Yachts, Merchant Agencyand Ocean Sports Tuition.
SUMMARY
From 1,708 - 4,903 sq ft (159 - 456 sq m)
SUMMARY
CONTACT
From 4,984 - 10,334 sq ft (463 - 960 sq m)
Matt Cureton on 07786 735596 or via email mcureton@vailwilliams.com Nik Cox on 07870 557410 or via email ncox@vailwilliams.com
CONTACT
Alex Gauntlett on 07584 657826 or via email agauntlett@vailwilliams.com Nik Cox on 07870 557410 or via email ncox@vailwilliams.com
vailwilliams.com
vailwilliams.com
PAGE 13
Last remaining Suite
REVALUATION 2023: Beware changes to business rates
The next business rates Revaluation takes place on 1 April 2023. This is when the Valuation Office Agency (VOA) will reassess the rateable value (RV) of your business premises. Your new RV will be calculated based on rental values from 1 April 2021. What does this mean? Thanks to the pandemic and its effect on the property market, RVs will be calculated based on a distinct lack of transactional rental evidence.
This could result in significant changes between your 2017 Rating Assessment, and 2023 – particularly for businesses based in or near to industrial premises, where rental values have seen significant growth.
What will happen when • 1 April 2021: Date on which rental values will be used to calculate new RV • February 2022: Continued requests from VOA for rental information or property changes • 2022: VOA calculating RVs of all business properties • December 2022: Draft List expected to be published • 1 April 2023: Publication of Rating List
What to be aware of Potential mistakes and delays: The move to three-yearly Revaluations could put pressure on the VOA, resulting in RV inaccuracy or delays in processing cases. Complicating complexity: A new annual Duty to Notify the VOA of any changes to the occupation or physical characteristics of your property, adds more complexity to an already complicated process, with financial penalties for non-compliance. Material Change of Circumstance: Certain categories will be excluded from appeal, including those arising from legislation, regulation, or licencing changes. Transitional Relief: Potential to benefit from rates relief for small businesses whose RVs increase significantly, capped at 15% for RVs up to £20,000 and 25% up to £100,000. Improvement Relief: Aimed at occupiers, this is a 12-month relief available for eligible improvements to an existing property. Any improvements made will impact your RV and associated business rates. Act now To avoid the many pitfalls of this complicated property tax, ensure your RV is calculated correctly, whilst making the most of the reliefs available to you, our expert business rates advisers can help. Our support can start now - from responding to VOA requests and advising on the financial impact of changes to your property, to challenging your new RV throughout the Check, Challenge & Appeal process.
OFFICE
TO LET COMPASS HOUSE
26 COMPASS POINT, ENSIGN WAY, HAMBLE-LE-RICE, SOUTHAMPTON SO314RF Compass House is located within the popular and established South Point Business Park, home of the Royal Yachting Association headquarters, near the shore of Southampton Water. Compass House is a self-contained two storey building offering a combination of light & airy open plan and partitioned offices. It is situated next to an SSSI wooded area.
LOCATION Just 3 miles from J8, M27, the property is located on the waterfront at Hamble-Le-Rice, which is a wonderful place to work and live, and is home to many international businesses, including the Royal Yachting Association and Coopervision. Compass House is 0.5 miles to Hamble Village, providing amenities, pubs and restaurants, yacht clubs and marina services. Waterfront location close to Southampton Comfort cooling & heating Structured network cabling to perimeter trunking Male, female & disabled toilets
Are you ready for the next RV era?
Suspended ceilings and recessed lighting
For support, get in touch with our team of experienced rating surveyors based across the UK, or contact ratinghelp@vailwilliams.com
Allocated car parking spaces
SUMMARY
1,900 sq ft CONTACT
Russell Mogridge on 07815 737175 or via email rmogridge@vailwilliams.com
DANNY GEORGE
PAGE 14
vailwilliams.com
vailwilliams.com
PAGE 15
Q AC G IN G
G
IN
TT
G
IN
IN
UNIT 32, FAREHAM INDUSTRIAL PARK, FAREHAM
TT
UNIT 3, LOGISTICS CITY, Portsmouth
LE
UNITS 2 & 3, SPRING BUSINESS PARK, HAVANT
TT
• Industrial • 12,004 sq ft • Staffordshire County Council
LE
• Industrial • 13,787 sq ft • Kingsbridge Estates Ltd
LE
• Industrial • 22,209 sq ft • Kingsbridge Estates Ltd
D RE UI
G IN
G IN
TT
LE
UNIT D, CENTURION BUSINESS PARK, SOUTHAMPTON
• Industrial • 5,484 sq ft • Aberdeen Standard Investments
SOLENT GATE UNIT 2, SPEEDFIELDS PARK, FAREHAM
SOLENT GATE UNIT 3, SPEEDFIELDS PARK, FAREHAM
SOLENT GATE UNIT 5, SPEEDFIELDS PARK, FAREHAM
IN
TT
IN
TT
IN
TT
G
G
G
vailwilliams.com
• Industrial • 5,070 sq ft • Columbia Threadneedle Investments
LE
• Industrial • 8,877 sq ft • Kier Trade City
LE
• Industrial • 11,094 sq ft • Kingsbridge Estates Ltd Pension Scheme
LE
vailwilliams.com
D RE UI
UNIT 8, CONCORDE PARK, SEGENSWORTH
• Industrial • 5,070 sq ft • Columbia Threadneedle Investments
PAGE 16
Q AC
G IN
Here is just a snapshot highlighting some of the key industrial deals that have gone through recently. If you are looking for advice on your next property, get in touch with us today at vwinfo@vailwilliams.com
UNITS 6 & 7, CONCORDE PARK, SEGENSWORTH
TT
The 9-strong team across the Bournemouth, Southampton and Portsmouth offices have completed over 812,972 sq ft worth of transactions in 4 different counties, covering acquisitions, disposals, lettings, sales, investments and more during this time.
• Industrial • 26,348 sq ft • GRP Solutions Ltd
LE
Our Vail Williams transaction team has been incredibly busy over the last 6 months, navigating their way through the COVID-19 pandemic, clocking more than 100 finalised deals across the South Coast for a diverse range of clients and sectors.
DUNDAS SPUR, UNIT 2500 BLUEPRINT, Portsmouth
• Industrial • 40,128 sq ft • Lush Manufacturing Limited
TT
HAVE BEEN FLYING IN
UNIT M, FLEETS CORNER BUSINESS PARK, PoOLE
• Industrial • 40,436 sq ft • Mitchell Design Consultants
LE
DEALS
TT
THE
LE
Silver Point, Airport Service Road, Portsmouth
• Industrial • 10,045 sq ft • Columbia Threadneedle Investments
PAGE 17
s 16 as p m int Co Po
INDUSTRIAL/ WAREHOUSE
TO LET
INVESTMENT VALUATIONS REVIEW… AND WHAT COMES NEXT
16 & 17 compass point ENSIGN WAY, SO31 4RA
Compass Point is located within South Point Business Park close to the attractive village of Hamble-le-Rice. The properties comprise a steel portal frame construction with brick elevations, double glazed windows and profile sheet cladding. 16 COMPASS POINT
s 17 as p m int Co Po
Unit 16 is a business unit suitable for HiTech, Lab, Marine, Office, Industrial or Warehouse use. A three-storey hybrid-style business unit, the ground floor benefits from a disabled WC, kitchen and a mix of office/workshop space. The first floor is currently fitted out as celluar office space, with a spiral staircase for access to 2nd floor offices.
Application in the residential market We can use the residential market as an example of this. Earlier in this issue, Gary Jeffries talked about the growth of BTR as a sub sector of the residential market; the South Coast valuation team has also seen a marked uptick of HMO instructions, particularly from more upmarket operators building high quality portfolios; and the student accommodation market is also continuing to flourish - operators have shown a strong recovery post-Covid (Unite has reported 94% occupancy in 2021-22) suggesting that 2020 was a short term blip.
The RICS has announced that it has accepted all the recommendations in the Report, including changes to CPD requirements and more specific guidance around avoiding conflicts of interest in valuation. Most of these have been welcomed by valuers and, in well organised firms, have already actioned as part of internal procedures.
All these form part of the residential sector. The point being that, like many parts of the wider property market, this sector has grown and become increasingly sophisticated. Many investors are forming a data led approach to assessing cash flows to derive value. In the same way, the review’s aim was to highlight that there are many asset types that investors buy (where there are multiple tenants and cash flows) that will be analysed by explicit DCF models.
Discounted Cash Flow Models – their relevance The recommendation which perhaps caused most controversy was No.8(i) which said that the “discounted cash flow should be the principal model applied to property investment valuation”.
17 COMPASS POINT Unit 17 is an industrial/ warehouse two storey building, offering a mix of office/workshop space. The first floor is mainly open plan with views to the rear over Southampton water. There is partitioning providing 3 meeting rooms.
This methodology allows for any future growth expectation to be explicitly reflected in the cash flow and then discounted at an investor’s required rate of return. There was some initial concern that the RICS were to make the use of ‘DCF’ a mandatory requirement for all investment property regardless or type of size.
Both units offer the following: • Up and over loading door • Parking • Comfort heating/cooling • 3 phase electric • Gas supply • Views over Southampton Water
The role of the valuer is, and always has been, to use the most appropriate model to estimate market value (that is, the expected price in the market), whether that is a straightforward comparison on a price per square foot, or a complex cash flow model. There is no one size, fits all and the Review’s focus on the larger property funds and institutions perhaps did not adequately reflect the whole of the market.
LOCATION South Point Business Park is 4 miles from J8, M27 and 0.5 miles to village centre amenities and the waterfront. Occupiers nearby include NKT Photonics, the RYA and Coopervision that have multiple large industrial premises to the north of the estate.
The RICS recently commissioned an independent review into valuations provided for real estate investment funds and companies following some highprofile criticisms of RICS valuers in the financial pages of the press during 2019. Known as the Pereira-Gray Report, it was published in January this year.
SUMMARY
Unit 16 - 6,001 sq ft (558 sq m) Unit 17 - 5,154 sq ft (479 sq m)
Of course, the majority of residential investment activity will continue to evolve around single apartments, houses, and blocks of flats in all different shapes and sizes, that should in theory continue to be valued on a comparison basis or using the traditional all risks yield, following the approach taken by buyers and sellers in determining what price to pay. A change in approach? Will valuers be forced to change their approach? Perhaps. More likely, DCF will begin to appear more and more as the primary or secondary (or ‘cross check’) methodology in valuation reports, with a greater emphasis on data interrogation being demanded on valuers, and likewise the owners of property to provide this. The RICS have recently announced a ‘call for views’ from valuers and stakeholders as part of a review of the Red Book, and these are conversations that will continue to be had during 2022. While no one wants the valuation process to be more complicated than it needs to be, if it results in increased transparency that can only lead to the greater confidence in property valuations that everyone wants.
CONTACT
Alex Gauntlett on 07584 657826 or via email agauntlett@vailwilliams.com Nik Cox on 07870 557410 or via email ncox@vailwilliams.com
PAGE 18
vailwilliams.com
Get in touch Should you wish to discuss your residential or commercial valuation requirements, please get in touch with the team via valuationteam@vailwilliams.com DAN PEARCE
vailwilliams.com
PAGE 19
Current property listings...
Size Sq Ft
Range Sq Ft
Site Area
Rent
Address
Town
Tenure
Property Type
Units 1 & 2, 44 Salisbury Street
Amesbury
UNDER OFFER
Investment
Lower Guildhall, High Street
Andover
TO LET
Cafe (A1), Restaurant
Redlands, Reading Road, Chineham
Basingstoke
FOR SALE
Development Land, Investment
Fifth Floor Waverley House, 115-119 Holdenhurst Road
Bournemouth
TO LET
Office
1449
1449
Unit 5 The Boardwalk, Brighton Marina
Brighton
TO LET
Leisure, Retail
2996
2996
Concept House Link 3, Link 414, Stoneycroft Rise
Chandlers Ford
TO LET
Office
5992
18570
£23.00
113 Winchester Road
Chandlers Ford
TO LET
Leisure, Restaurant, Retail
2174
2174
£35,000.00
24 South Street
Chichester
TO LET
Restaurant, Retail
2252
2252
£67,500.00
£800,000 2017
2017 17 acres
Chichester
TO LET
Industrial / Warehouse
20000
100000
£11.50
45 South Street
Chichester
TO LET
Office
1276
5056
£101,000.00
34 South Street
Chichester
TO LET
Leisure, Restaurant, Retail
3310
3310
£52,500.00
Sussex House, 12 Crane Street
Chichester
TO LET
Office
1587
2126
£20.00
Unit 3 Stocklund House, East Street
Chichester
TO LET
Retail
1013
1013
£48,500.00
Unit 2A The Courtyard, Vinnetrow Business Centre
Chichester
UNDER OFFER
Office, Healthcare
1225
1225
£22,000.00
4 Buttermarket, North Street
Chichester
UNDER OFFER
Retail, Restaurant
1493
1493
£55,000.00
Littlegreen Gardens, Compton
Chichester
UNDER OFFER
Development Land, Land / New Build, Residential
Marina Development Site For Sale Swindon Village Marina, Swindon
Dudley
UNDER OFFER
Development Land, Investment, Marine
New Kings Court, Tollgate
Eastleigh
TO LET
Office
2256
18248
Eastleigh
UNDER OFFER
Office
18500
55000
36 Brunel Way, Segensworth
Fareham
FOR SALE
Industrial / Warehouse
74891
74891
3 Development Platforms, Little Park Farm Road, Segensworth West
Fareham
FOR SALE
Development Land
20000
200000
Development Platform, 3 Little Park Farm Road, Segensworth West
Fareham
FOR SALE
Development Land
22 Fareham Industrial Park, Standard Way
Fareham
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
20530
20530
Unit 9 Concorde Park, Segensworth
Fareham
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
9431
9431
The Orangery, Cams Hall Estate
Fareham
TO LET
Office
3023
3023
£60,000.00
Units 1 & 2 Logistics City Whiteley, Fulcrum 6, Solent Business Park
Fareham
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
27563
27563
£10.50
Suite 3 Faretec, Cams Hall Estate
Fareham
TO LET
Office
785
785
£18.50
Mariners House, Waterside Gardens
Fareham
TO LET
Office
1000
4857
£23.00
Forum 5, Solent Business Park
Fareham
TO LET
Office
3917
6641
£21.00
Delme 1, Delme Place, Cams Hall Estate
Fareham
TO LET
Office
4533
9809
£21.00
First Floor South - Prism, 1650 Parkway, Solent Business Park
Fareham
TO LET
Office
1636
1636
£20.00
33-34 Fareham Industrial Park, Standard Way
Fareham
Unit H2 Whiteley Shopping Centre
Fareham
TO LET
Retail
1005
1005
£22,500.00
Delme 2 Delme Place
Fareham
TO LET
Office
3895
7991
£21.00
Spectrum, 1600 Parkway, Solent Business Park, Whiteley
Fareham
TO LET
Office
2577
2577
£17.00
South Barn Cams Hall Estate
Fareham
TO LET
Office
2668
2668
£55,000.00
36 Brunel Way, Segensworth
Fareham
TO LET
Industrial / Warehouse
74891
74891
TO LET
Industrial / Warehouse
£750,000
£20.00
4.5 acres
5534
11067
£8.50
£8.50
Forum 3, Solent Business Park
Fareham
TO LET
Office
3287
27646
£23.00
18 Little Park Farm Road
Fareham
TO LET
Office
1885
1885
£30,160.00
Leander House, 4600 Parkway, Solent Business Park
Fareham
TO LET
Office
45311
45311
Unit D4 Segensworth Business Centre, Segensworth Road
Fareham
TO LET
Industrial/Logistics, Office, Warehouse, Industrial / Warehouse
4202
4202
£39,919.00
The Barn And The Dairy Tapnage Farm, Titchfield Lane
Fareham
TO LET
Office
540
3133
£76,000.00
Unit 20-21 (13 - 15 Westbury Mall) Fareham Shopping Centre
Fareham
TO LET
Retail
2250
4548
£100,000.00
Unit 87 (48 Thackeray Mall), Fareham Shopping Centre
Fareham
TO LET
Leisure, Other, Retail
2481
2481
Unit 48 (1-3 Thackeray Mall) Fareham Shopping Centre
Fareham
TO LET
Leisure, Other, Retail
390
Solent Gate, Speedfields Park, Newgate Lane
Fareham
UNDER OFFER
Industrial / Warehouse
Unit 23 Palmerston Business Park, Palmerston Drive
Fareham
UNDER OFFER
Unit 3 Concorde Park, Segensworth
Fareham
Size Sq Ft
Range Sq Ft
Address
Town
Tenure
Property Type
Unit 10 The Gardens, Broadcut
Fareham
UNDER OFFER
Office
40 The Green, Stubbington, Stubbington
Fareham
UNDER OFFER
Investment
Unit 3 Quayside Commerce Centre, Lower Quay
Fareham
UNDER OFFER
Office
676
676
136 High Street
Gosport
TO LET
Retail
5967
5967
39-41 George Street
Hastings
FOR SALE
Land / New Build, Leisure, Residential
14039
14039
Spring Business Park, New Lane
Havant
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
4007
17000
6770
6770
Site Area
Rent
2099
£350,000
726
726
£220,000 £130,000 £65,000.00 £500,000 £11.50
12A/B Solent Road
Havant
TO LET
Retail, Trade Counter / Showroom, Warehouse
Furniss Way
Hayling Island
TO LET
Development Land, Leisure
Vanbrugh House, Botleigh Grange Business Park
Hedge End
TO LET
Office
2662
8751
Jellicoe House - Ground Floor Suite B, Botleigh Grange Office Campus
Hedge End
TO LET
Office
2911
2911
Top Floor Burlington House Botleigh Grange, Grange Drive
Hedge End
TO LET
Office
5200
10835
£260,000.00
£24.00
Unit 310 Ampress Park, Ampress Lane
Lymington
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
16833
16833
£143,000.00
Unit 740 Ampress Lane
Lymington
TO LET
Office
2889
2889
£39,000.00
330 Ampress Park, Ampress Lane
Lymington
TO LET
Industrial / Warehouse
7669
7669
£69,021.00
98 High Street
Lymington
UNDER OFFER
Investment
Buckmore Park, Winchester Road
Petersfield
TO LET
Industrial / Warehouse, Trade Counter / Showroom
Council Offices Penns Place
Petersfield
TO LET
Drum Court The Spain
Petersfield
TO LET
Carters Quay
Poole
TO LET
Open Storage
Connect Centre, Kingston Crescent
Portsmouth
FOR SALE
Office, Development Land
The Teardrop, Port Way
Portsmouth
FOR SALE
Development Land
Lakeside - North Harbour
Portsmouth
TO LET
Office
Portsdown Technology Park Southwick Road
Portsmouth
TO LET
Commercial Space, Brunel House, The Hard
Portsmouth
TO LET
Unit B Chaucer House, Isambard Brunel Road
Portsmouth
West Suite First Floor 4000 Lakeside, North Harbour
£950,000 1000
42000
Office
43132
43132
£425,000.00
Office
11829
11829
£18.00 £75,000.00
66546
66546
100564
100564
1500
26042
Office
5361
5361
Leisure, Retail
5175
5175
TO LET
Office, Retail, Leisure, Healthcare
3272
3272
Portsmouth
TO LET
Office
7908
7908
£189,795.00
Third Floor Building 2000 Lakeside, North Harbour
Portsmouth
TO LET
Office
11301
11301
£271,225.00
Third Floor Suite 307 East Building 1000, Lakeside North Harbour
Portsmouth
TO LET
Office
4825
4825
£115,800.00
Suite 1 Ground Floor 2000 Lakeside North Harbour
Portsmouth
TO LET
Office
10407
10407
£239,350.00
Ground Floor Suite 004/005 1000 Lakeside, North Harbour
Portsmouth
TO LET
Office
6673
6673
£124,000.00
Portsmouth
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
5205
5205
Shore House - Ground Floor, Compass Road
Portsmouth
TO LET
Office
4984
10334
£19.75
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
7081
7081
£11.00
Portsmouth
Unit B5 Mountbatten Business Park, Jackson Close
Portsmouth
TO LET
Industrial/Logistics, Industrial / Warehouse
4873
4873
Fairfield House, Kingston Crescent
Portsmouth
TO LET
Office
1406
9632
£16.00 £10.50
Railway Triangle, Walton Road
Portsmouth
TO LET
5380
10705
Unit A7 Railway Triangle, Walton Road
Portsmouth
TO LET
Industrial / Warehouse
5399
5399
20B The Boardwalk Port Solent
Portsmouth
TO LET
Office
1561
1561
£22,635.00
Units 1 & 2, Units 8-10 The Boardwalk, Port Solent
Portsmouth
TO LET
Office
1591
4276
£14.50
C6 Portfield Industrial Estate, Nevil Shute Road
Portsmouth
TO LET
Industrial / Warehouse
4230
4230
£11.00
£57,500.00
Unit A12 And A13 Railway Triangle, Walton Road
Portsmouth
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
10705
10705
£10.50
390
£17,500.00
Office Suites At Gunwharf Quays
Portsmouth
TO LET
Office
10063
20135
£9.25
Mountbatten Business Park, 3 Grove Road, Farlington
Portsmouth
TO LET
Industrial / Warehouse, Trade Counter / Showroom
Industrial / Warehouse
1895
1895
£20,845.00
373-375 Old Commercial Road - First Floor
Portsmouth
TO LET
Office
UNDER OFFER
Industrial / Warehouse
2947
2947
11009
11009
676 7371
Fareham
UNDER OFFER
Industrial / Warehouse, Retail, Trade Counter / Showroom
Unit 3 Quayside Commerce Centre, Lower Quay
Fareham
UNDER OFFER
Office
Unit 4 Market Quay
Fareham
UNDER OFFER
Leisure, Retail
Voyager Park, Portfield Road
Portsmouth
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
9 Northarbour Road, Cosham
Portsmouth
TO LET
Industrial / Warehouse
£165,000.00
Lakeside North Harbour, Western Road
Portsmouth
TO LET
676
£12,000.00
Unit B Central Square Pavilion, Lakeside, North Harbour
Portsmouth
7371
£75,000.00
Building 37 Broad Oak, Airport Service Road
Portsmouth
vailwilliams.com
vailwilliams.com
1-2.47 acres
£20.00
Unit C2 Mountbatten Business Park, Jackson Close
Voyager Park, Unit E5, Portfield Road
Price
2099
Industrial/Logistics, Warehouse, Industrial / Warehouse
160b Southampton Road, Titchfield
PAGE 20
£3,500,000
£26,082.00
Springfield Park, Bognor Road
The Green, J13, M3
Price
699
2476
£24.00
19522
19522
£115,000.00
1553
1553
£17,000.00
2444
13493
£11.00
34018
34018
£6.75
Office
1200
36000
TO LET
Retail
798
798
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
7723
7723
£15,266.00
PAGE 21
Current property listings...
Address
Town
Tenure
Property Type
Port View, One Port Way, Port Solent
Portsmouth
TO LET
Office, Serviced Office
Unit D 226-238 Commercial Road
Portsmouth
TO LET
Retail
Unit 7 Portsmouth Retail Park, Binnacle Way
Portsmouth
TO LET
Retail
Lakeside North Harbour Campus - D&B And Other Opportunities, Western Road
Portsmouth
TO LET
Development Land, Office, Other
Building 49 Broad Oak, Airport Service Road
Portsmouth
TO LET
Office, Hi Tech / Lab Industrial/Logistics, Office, Warehouse, Industrial / Warehouse
Size Sq Ft
Range Sq Ft
Site Area
Rent
200
2000
3509
3509
£55,000.00 £35,000.00
Price
Size Sq Ft
Range Sq Ft
Address
Town
Tenure
Property Type
Benham 4, Benham Road, Southampton Science Park
Southampton
TO LET
Office
1227
1227
The Point, 69-81 Commercial Road
Southampton
TO LET
Office
9395
67000
1 Guildhall Square
Southampton
TO LET
Office
5700
5700
The Quay, 30 Channel Way
Southampton
TO LET
Office
895
895
Site Area
Rent £21.00
2050
2050
25000
350000
6970
21524
281 Empress Road - First Floor
Southampton
TO LET
Office
4277
4277
£14.00
4463
91216
14 Locks Heath Centre, Centre Way
Southampton
TO LET
Retail
1165
1165
£31,000.00
469
469
£12,750.00
Southampton Science Park Gamma House, Ground Floor East
Southampton
TO LET
Office
3830
3830
£19.00
13493
13493
£11.00
Southampton Science Park 5 Benham Campus
Southampton
TO LET
Hi Tech / Lab, Office
2163
2256
£23.00
646
646
£15,000.00
Acorn Business Park, Empress Road
Southampton
TO LET
Office, Industrial / Warehouse
280
431
3 Waterside Place
Southampton
TO LET
Office
5173
10681
32443
32443
£10.50
Oculis House, Eddystone Road
Southampton
TO LET
Office
50
1000
The Boathouse, Town Quay
Southampton
TO LET
Office
3000
3000
Unit 7 Auckland Road, Millbrook
Southampton
TO LET
Office
2484
2484
£40,000.00
5 Waterside Place, Town Quay
Southampton
TO LET
Office
1250
4184
£21.50
Centenary Quay Phase 3, Woolston
Southampton
TO LET
Retail
4000
30000
Southampton Science Park Benham Campus Plot 1, Chilworth
Southampton
TO LET
Hi Tech / Lab, Office
30600
30600
Engineering Centre, Southampton Science Park, Venture Road
Southampton
TO LET
Office, Industrial / Warehouse
300
950
£22.50
Portsmouth
UNDER OFFER
15 St Georges Business Centre, St Georges Square
Portsmouth
UNDER OFFER
Office
Voyager Park, Unit E2, Portfield Road
Portsmouth
UNDER OFFER
Industrial/Logistics, Warehouse, Industrial / Warehouse
12 St Georges Business Centre, St Georges Square
Portsmouth
UNDER OFFER
Office
5 Interchange Park, Robinson Way
Portsmouth
UNDER OFFER
Industrial/Logistics, Warehouse, Industrial / Warehouse
Block B Port Way, Port Solent
Portsmouth
UNDER OFFER
Office
8049
25812
£23.00
26 The Boardwalk, Port Solent
Portsmouth
UNDER OFFER
Retail
942
942
£25,000.00
Portsmouth
UNDER OFFER
Restaurant, Retail
2006
2006
Unit A Chaucer House, Isambard Brunel Road
Portsmouth
UNDER OFFER
Office, Retail, Leisure, Healthcare
4305
4305
The Roofing Centre, Moneyfield Lane, Off Copnor Road
Portsmouth
UNDER OFFER
Investment
5711
5711
£950,000
First Floor 33 Locks Heath Shopping Village
Southampton
TO LET
Office
774
774
£12,500.00
20 Ordnance Court, Ackworth Road
Portsmouth
UNDER OFFER
Industrial / Warehouse
5183
5183
£435,000
Unit 16 Hedge End Business Centre
Southampton
UNDER OFFER
Healthcare, Leisure, Office
496
496
£8,250.00
18 Ordnance Court, Ackworth Road
Portsmouth
UNDER OFFER
Industrial/Logistics, Warehouse, Industrial / Warehouse
5441
5441
£410,000
Crescent Place - 60 - 64 St Mary’s Road
Southampton
UNDER OFFER
Leisure, Retail
637
637
Portsmouth
UNDER OFFER
Investment
10581
10581
£1,685,000
Delta House, Southampton Science Park, Enterprise Road
Southampton
UNDER OFFER
Office
2817
6853
£19.00
Portsmouth
UNDER OFFER
Investment
11023
11023
£2,575,000
16 Carlton Crescent
Southampton
UNDER OFFER
Office
2483
2483
£37,000.00
TO LET
Industrial / Warehouse, Retail, Leisure, Office, Investment
10000
1000000
11 Compass Point Ensign Way, Hamble
Southampton
UNDER OFFER
Office
1752
1752
£26,250.00
822
6466
Phase 3, Bow Square, Bernard Street
Southampton
UNDER OFFER
Retail
5918
5918
£15.00
1 The Broadway, Portswood
Southampton
UNDER OFFER
Warehouse
9555
9555
£65,000.00
92-93 East Street
Southampton
UNDER OFFER
Retail
2217
2217
£15.00
Handleys’ Corner, 44-46 Palmerston Road
Southsea
TO LET
Retail, Leisure, Office, Healthcare
3173
24836
Knight & Lee THIS Workspace, Palmerston Road
Southsea
TO LET
Office
500
13000
Beach Towers, 11 St Helens Parade
Southsea
UNDER OFFER
Development Land
The Stennack Co-op
St. Ives
UNDER OFFER
Investment
Hilsea Industrial Estate Limberline Road
Commercial Unit - Catherine House, Stanhope Road
Solent Butchers, Dundas Lane Bay House, North Harbour Business Park, Compass Road Fit-Out Project Management Consultancy, Reading
Reading
£30,000.00
Unit 5, The Quadrangle, Abbey Park Industrial Estate
Romsey
TO LET
Hi Tech / Lab, Office, Industrial / Warehouse
Site C, Sylcombe Farm, Petersfield Road
Ropley
FOR SALE
Open Storage, Industrial / Warehouse
4305
8610
Sylcombe Farm, Petersfield Road
Ropley
UNDER OFFER
Industrial / Warehouse
5173
5173
The Portway Centre, 1 Old Sarum Park
Salisbury
TO LET
Office, Serviced Office
130
2000
£16.80
Unit 5 Sopwith Park, Concorde Way
Segensworth North, Fareham
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
20285
20285
£168,000.00
First Avenue
Southampton
FOR SALE
Industrial/Logistics, Warehouse, Industrial / Warehouse
33708
33708
7-9 Rumbridge Street, Totton
Southampton
FOR SALE
Office
Unit C Centurion Park, Bitterne Road West
Southampton
TO LET
Industrial / Warehouse
Southampton Science Park, Chilworth Road
Southampton
TO LET
Office
Twenty3 Brunswick Place
Southampton
TO LET
Anglo City House, 2-6 Shirley Road
Southampton
TO LET
Compass House, 1-3 The Avenue
Southampton
First Floor Saxon House, Saxon Wharf, Lower York Street
£625,000
£23.00
0.19 acres 5201
5201
5189
11463
11463
Roman House, Salisbury Road
Totton
TO LET
Office
4300
4300
200
30000
Unit 320 Proxima Park
Waterlooville
TO LET
42786
42786
Office
12701
52345
£26.00
Industrial/Logistics, Warehouse, Industrial / Warehouse
Office
1344
3258
£16.00
Unit M4 Hazleton Interchange, Horndean
Waterlooville
TO LET
Industrial / Warehouse
13130
13130
£11.00
TO LET
Office
1055
1055
£20,000.00
Unit D Hazelton Interchange, Horndean
Waterlooville
TO LET
Industrial / Warehouse
7065
7065
£11.00
Southampton
TO LET
Office
1708
4903
£75,000.00
8000
45000
17 Compass Point, Ensign Way, Hamble
Southampton
TO LET
Industrial / Warehouse
5154
5154
£61,848.00
20000
126500
16 Compass Point, Ensign Way, Hamble
Southampton
TO LET
Hi Tech / Lab, Marine, Office, Industrial / Warehouse
6001
6001
£72,000.00
7500
7500
£80,000.00
Southampton
TO LET
Office
13357
13357
£14.00
Charlotte Place - Prestigious Office Suites
Southampton
TO LET
Office
2500
7234
£21.00
Kenneth Dibben House, Southampton Science Park, Enterprise Road
Southampton
TO LET
Office
1803
5569
£20.00
Compass House, 26 Compass Point
Southampton
TO LET
Office
1900
1900
£12.00
Suite A Burlington House Botleigh Grange, Grange Drive
Southampton
TO LET
Office
2033
2033
£42,695.00
One Dorset Street
Southampton
TO LET
Office
2883
10562
£24.50
First Avenue
Southampton
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
33708
33708
£240,000.00
Latimer House, 5-7 Cumberland Place
Southampton
TO LET
Office
2267
2267
White Building, 1-4 Cumberland Place
Southampton
TO LET
Office
1381
1554
£23.00
6th Floor Charlotte Place
Southampton
TO LET
Office
766
766
£17,000.00
Southampton Science Park - Epsilon House, Chilworth
Southampton
TO LET
Hi Tech / Lab, Office
188
1150
£19.00
PAGE 22
vailwilliams.com
£20.00
Proxima Park - Phase 1, Houghton Avenue
Waterlooville
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
Proxima Park - Phase 2, Proxima Park
Waterlooville
TO LET
Industrial/Logistics, Warehouse, Industrial / Warehouse
Unit D Wellington Gate - Ground Floor
Waterlooville
TO LET
Office
Waterlooville
UNDER OFFER
Industrial / Warehouse
34408
34408
£320,000.00
Unit B1 Hazleton Interchange, Horndean
Waterlooville
UNDER OFFER
Industrial / Warehouse
2342
2342
£28,104.00
Open Storage New Road, Micheldever
Winchester
TO LET
Open Storage, Industrial / Warehouse
2nd Floor 2 Royal Court, Church Green Close
Winchester
TO LET
Office
Unit B Moorside Road, Winnall
Winchester
TO LET
Industrial / Warehouse
10 Jewry Street
Winchester
TO LET
Office, Restaurant, Retail
Cromwell House, Andover Road
Winchester
TO LET
Newfrith House, 21 Hyde Street
Winchester
16 City Business Centre, Hyde Street Kings Worthy Court & House, Kings Worthy Court, London Road
Tileasy House, Waterberry Drive
vailwilliams.com
£1,400,000 £900,000
5189
Brunel House 21 Brunswick Place
Price
£110,000.00 3000
6746
£21.00
15613
15613
£156,000.00
2050
2050
£55,000.00
Office
1500
22879
£20.00
UNDER OFFER
Office
1500
3014
£29.00
Winchester
UNDER OFFER
Office
790
790
£15,800.00
Winchester
UNDER OFFER
Development Land, Investment
2.7 acres
3.17 acres
PAGE 23
vailwilliams.com
OUR OFFICES BIRMINGHAM
LONDON
GATWICK
BIRMINGHAM
GATWICK
LONDON
Edmund House 12-22 Newhall Street Birmingham B3 3EF T: +44 (0)121 654 1065
Unit 4 Peveril Court 6-8 London Road Crawley, West Sussex RH10 8JE T: +44 (0)1293 612600
2 Noel Street London W1F 8GB T: +44 (0)20 3589 0050
Building Consultancy Business Rates Consultancy Commercial Property Investment Lease Advisory
SOUTH COAST
SOUTHAMPTON
PORTSMOUTH
BOURNEMOUTH
Savannah House 3 Ocean Way Ocean Village Southampton SO14 3TJ T: +44 (0)2380 820900
Lakeside North Harbour Western Road Portsmouth PO6 3EN T: +44 (0)2392 203200
Everdene House Deansleigh Road Bournemouth BH7 7DU T: +44 (0)1202 558262
SURREY
OUR SERVICES
THAMES VALLEY
SURREY
READING
HEATHROW
One Crown Square Woking Surrey GU21 6HR T: +44 (0)1483 446800
Apex Plaza Forbury Road Reading Berks, RG1 1AX T: +44 (0)118 909 7400
450 Bath Road West Drayton Heathrow UB7 OEB T: +44 (0)2085 648300
OUR VALUES LISTEN / CARE / INNOVATE / LEAD
LPA Receivership Marine and Leisure Occupier Advisory Property Acquisition and Disposal Property Asset Management Property Development Consultancy Property Planning Consultancy Property Valuation