In the annual review for June 2022, it was an honour to report a turnover uplift of 5%. Well, even with a cost of living crisis and the ongoing war in Ukraine, we have surpassed this increase in turnover by a whopping 9.8% to June 2023.
It should be highlighted that we picked up an award for Property Deal of the Year at the South Coast Property Awards, and utilising Estates Gazette statistics for 2022, we are the most active agent across Dorset & Hampshire, handling 40% of all transactions.
In the heart of the community, Goadsby has proven to be more than just a leading
estate agent; it’s a pillar of support for local sports and athletic endeavours. We have proudly continued our sponsorship for various teams across the region, from fuelling the passion on the field at AFC Bournemouth and Winchester Rugby Club, to cheering on the players at Wimborne Cricket Club.
I can only thank all of our staff for their tireless work and commitment in servicing our extensive and ever growing client base. Here’s to another fantastic year!
Paul Stewart Managing Director paul.stewart@goadsby.com
Acting on behalf of Federated Hermes, Goadsby have successfully let 102,971 sq ft of refurbished industrial/warehouse premises at A1and A2 Fleets Corner Business Park in Poole to the renowned beauty and cosmetics brand Lush. Bolstering Lush’s already substantial presence at Fleets Corner, this deal marks a momentous occasion for both Landlord and Tenant.
Having represented Federated Hermes for a number of years on the 27 acre business park,
it was not only a pleasure for Goadsby to make this deal a reality, but also to be announced as winners of the South Coast Property Awards 2023 ‘Property Deal of the Year’ for the transaction. This really does emphasise the significance of this letting in the wider South Coast region.
The move by Lush is expected to create a large number of employment opportunities for the local community which will in turn contribute to the region’s economic prosperity.
23,482 SQ FT SOLD AT THE FULCRUM Vantage Way, Poole
▪ Part of premier Fulcrum Business Park
▪ Detached industrial/warehouse
▪ Quoting Price: £3.25m
34,957 SQ FT LET ON AIRFIELD IND. EST. Airfield Way, Christchurch
▪ 34,957 sq ft on 1.92 acre site
▪ Detached industrial/warehouse
▪ Quoting Rent: £260,000 pax
15,455 SQ FT LET IN CREEKMOOR Balena Close, Poole
▪ Semi detached industrial/warehouse
▪ 12,546 sq ft plus 2,909 sq ft mezz.
▪ Quoting Rent: £97,500 pax
18,478 SQ FT SOLD IN BOURNEMOUTH Windham Road, Bournemouth
▪ Residential potential (STP)
▪ Semi detached industrial/warehouse
▪ Off market opportunity
DETACHED MODERN OFFICE BUILDING AT HEADLANDS BUSINESS PARK, RINGWOOD
▪ 6,499 sq ft
▪ Sold to an owner occupier
▪ Quoting £1.25M (exclusive of VAT)
OVER 7,000 SQ FT AT TRINITY, 161 OLD CHRISTCHURCH ROAD
▪ Units 3 and 8 sold to owner occupiers
▪ Town centre location
▪ Combined quoting price of over £1.2M (exclusive of VAT)
TWO MODERN, TWO STOREY OFFICE BUILDINGS AT CONCEPT PARK, POOLE
▪ 4,192 sq ft
▪ Sold to an owner occupier
▪ Quoting price £695,000 (exclusive of VAT)
OVER 7,000 SQ FT AT FLEETS CORNER BUSINESS PARK, POOLE
▪ Out of town location
▪ Open plan with high quality exposed finishes
▪ Two new lettings
BEAUTIFULLY PRESENTED OFFICES IN PROMINENT TOWN CENTRE OFFICE BUILDING
▪ 3,300 sq ft
▪ Excellent amenity areas
▪ High specification
OVER 10,000 SQ FT IN ONE OF BOURNEMOUTH’S PRINCIPAL OFFICE BUILDINGS
Telephone House is a detached five storey office building which has been refurbished to provide high quality office accommodation with excellent amenity areas and suites ranging from 200 sq ft up to 7,000 sq ft.
There has been a series of lettings in the building which total over 10,000 sq ft. The building is home to a number of national and local businesses.
TOP FLOOR OF ONE OF POOLE’S MOST PRESTIGIOUS OFFICE BUILDINGS
▪ 3,700 sq ft
▪ Prominent town centre location
▪ High quality specification with 16 carparking spaces
HIGH QUALITY OFFICES LET AT PHOENIX HOUSE, MARSHES END, POOLE
▪ 2,480 sq ft
▪ 13 allocated car-parking spaces
▪ Extensively refurbished
FORMER PUBLIC HOUSE SOLD Holdenhurst Road, Bournemouth
▪ Substantial former public house with owner’s accommodation
▪ Quoting Price: £875,000
PRIME SHOP LET TO BOOTS OPTICIANS High Street, Lymington
▪ 3,560 sq ft retail premises in sought after Lymington High Street
▪ Quoting Rent: £TBC pax
PROMINENT ROADSIDE UNIT LET Victoria Square, Portland
▪ Grade II Listed building situated on a 0.25 acre site
▪ Quoting Rent: £35,000 pax
THE WORKS MOVE TO RINGWOOD Southampton Road, Ringwood
▪ Prime position on Southampton Road adjacent to Superdrug & Boots
▪ Quoting Rent: £45,000 pax
Acting on behalf of a private landlord, Goadsby have let 106-108 Poole Road in the heart of Westbourne.
The premises were formerly occupied by Lloyds Bank and are situated in a prime trading position on Poole Road amongst numerous national retailers including Marks & Spencer Simply Food, Iceland, Costa, Starbucks and Bang & Olufsen.
The premises were let to Lyfe Health who are a leading healthcare operator specialising in diagnostics, physiotherapy, pilates and massage.
The letting breathes new life into the location and the transformation from a bank is set to create a sanctuary of healing in this popular suburb of Bournemouth.
Guide Price: £5.25m
▪ Extensive redevelopment opportunity in Bournemouth Town Centre
▪ Outline planning consent granted for 1,149 sq m of commercial space, 64 apartments and 66 car-parking spaces
FREEHOLD IN HISTORIC PRIORY TOWN 10-12 Purewell, Christchurch
▪ Guide Price: £940,000
▪ Redevelopment opportunity
▪ Suitable for residential and commercial
▪ 5,784 sq ft on a 1 acre site
FORMER CARE HOME
Hannah Levy House, 15 Poole Road, Westbourne
▪ Guide Price: £500,000
▪ Redevelopment potential
▪ Site area 0.57 acres
REPOSITIONING OPPORTUNITY IN THE COUNTY TOWN OF DORSET
Princes House, Princes Street, Dorchester
▪ Guide Price: £2M
▪ 5,448 sq ft of retail, 18,100 sq ft of offices and 6,646 sq ft of ancillary accommodation at basement level
PROMINENT TWO STOREY OFFICE BUILDING
The George Centre & Coach House, New Milton
▪ Guide Price: £900,000
▪ Planning permission for conversion to residential
▪ Prominence to Christchurch Road
RESIDENTIAL CONVERSION OPPORTUNITY
Abchurch Chambers, St Peters Road, Bournemouth
▪ Guide Price: £750,000
▪ Prior approval for 8 apartments
▪ Approximately 4,195 sq ft
MIXED USE INVESTMENT LOCATED IN DESIRABLE MARKET TOWN 9 Gosport Street, Lymington
▪ Quoting Price: £575,000
▪ Grade II Listed
▪ Restaurant and residential uses
▪ Current passing rental of £34,000 per annum exclusive
FREEHOLD RETAIL INVESTMENT 364 Wimborne Road, Winton, Bournemouth
▪ Quoting Price: £550,000
▪ Let to Holland & Barrett
▪ Current passing rent of £33,500 per annum exclusive
RETAIL AND RESIDENTIAL INVESTMENT IN SOUTHBOURNE 85 Southbourne Grove, Southbourne, Bournemouth
▪ Quoting Price: £335,000
▪ Ground floor retail unit and first floor 2 bedroom flat
▪ Current passing rent of £20,700 per annum exclusive
BANK INVESTMENT WITH ANCILLARY INCOME FROM GROUND RENTS 23-25 Market Place and 1-5 Church Lane
▪ Quoting Price: £480,000
▪ Grade II Listed building fronting Market Place
▪ Current passing rent of £39,000 per annum exclusive
Goadsby’s Retail & Investment departments have successfully completed the acquisition of 127 Above Bar Street & 1-8 Civic Centre Road, Southampton.
The property was marketed by Green & Partners and attracted significant interest, resulting in two rounds of informal tender. The total rental receivable amounts to £376,560 per annum exclusive and the selling agents were seeking offers in excess of £3,720,000
We were delighted to be able to secure this asset for a retained client. The property currently provides an attractive net initial yield, with good asset management opportunities and a future redevelopment angle.
WINCHESTER CITY CENTRE INVESTMENT
St George’s House, Winchester
▪ 11,692 sq ft arranged over 5 floors
▪ Located in the heart of the city centre
▪ Quoting Price: £2.4m
ACQUIRED
DETACHED OFFICE & PARKING INVESTMENT
7 The Potteries, Fareham
▪ 4,160 sq ft let to Southern Health NHS Foundation Trust
▪ Quoting Price: £715,000 pax
PRIME UNIT LET TO WENZEL’S THE BAKERS
141-142 High Street, Winchester
▪ Prime high street retail premises
▪ Let to Wenzel’s The Bakers
▪ Attractive three storey period building
FORMER BANK PREMISES LET
1 Middle Road, Park Gate, Southampton
▪ 10 year lease secured to Hair & beauty Salon operator
▪ Quoting Rent: £34,000 pax
CITY CENTRE CLASS E UNIT LET
20 Hanover Buildings, Southampton
▪ New 5 year lease secured
▪ Trading as Italian restaurant
▪ Quoting Rent: £38,000 pax
15,821 SQ FT INDUSTRIAL UNIT LET Prospect Place, Winnall, Winchester
▪ Refurbished
▪ Extensive yard area for loading/parking
▪ Quoting Rent: £156,000 pax
Bonnington & Carisbrooke Hotels
42-44 Tregonwell Road, Bournemouth
LEISURE DEVELOPMENT OPPORTUNITY
• Prominent location close to Bournemouth International Centre
• Neighbouring hotels comprising 44 bedrooms
• Plans prepared for new hotel & retail scheme
The Castleton 1 Highcliffe Road, Swanage
MAGNIFICENT HOME & INCOME
• Ideally located to access the Jurassic Coast
• Elevated site with views over Swanage Bay & Purbeck Hills
• 10 letting rooms and owner’s 4 bedroom house
23-25 Ophir Road
Charminster, Bournemouth
SPECIALIST MEDICAL FACILITY - SALE & LEASEBACK
• Established for over 30 years
• 0.4 acre corner site in popular residential area
• Purchased by private developer/ investor
Café at Lodmoor Country Park
Preston Beach Road, Weymouth
VACANT CAFÉ/RESTAURANT
• Net internal area 94 sq m // 1,018 sq ft
• Opposite Sealife Centre and car park
• Completely refurbished by Dorset Council
Takeaway/Restaurant
11 Gervis Place, Bournemouth
TOWN CENTRE CATERING UNIT
• Comprehensively fitted and equipped
• Would suit various concepts/cuisines
• Exceptionally spacious basement
Rose & Thistle
Rockbourne, Fordingbridge
BEAUTIFUL 16 TH CENTURY THATCHED
PUBLIC HOUSE
• Award winning freehouse pub - new thatch
• Beer garden & planning permission for 2 shepherd’s huts
• One bedroom owner’s accommodation
The Department saw another record turnover year adding a number of new clients and properties to our extensive portfolio.
We also continue to advise clients on some exciting new schemes which will come on during the current financial year. We can do much more than being able to produce service charge budgets off plan. Our service includes advising on elements that can either be incorporated into property design, or occupational leases, to keep down future maintenance/landlord costs and enhance attractiveness to potential tenants.
Over1,500 tenants
The more noteworthy instructions include:
• Service charge management of a 32,000 square foot office building for a local authority where our value engineering has successfully helped reduce the service charge budget by 59%.
• A short term, “trouble shooter” service charge management role of a 59,000 square foot Bournemouth Town Centre retail scheme where we have reduced the service charge by 21%. This has directly assisted with the marketing and disposal of the scheme for our client.
• Setting up new service charges for a small 14 unit industrial park in Wimborne, and a 6 unit scheme in Bournemouth.
• A mixed retail and residential portfolio for a Property Company, which included arranging a refurbishment of one of the properties to facilitate re-letting.
• Resolution to grant planning permission and heritage consent for 92 dwellings together with new and refurbished commercial floor space
• Affordable housing viability successfully negotiated with District Valuer Service
• Circa 100 new jobs to be created and £4M per annum pumped into the local economy
• Grade II* listed building originally constructed in 1798
• Planning permission and listed building consent for building alterations and refurbishment
• Successful application for Heritage Action Zone financial grant aid from BCP Council and Historic England
• Planning permission for 4 new flats above existing block and 6 other new flats in separate wing
• Increases number of apartments within development to 41
• Sustainable location with no need for additional car parking
▪ Planning Applications and Appeals
▪ Development Plan Representations
▪ Strategic Promotion and Land Assessments
▪ Section 106 Negotiations
▪ Affordable Housing Viability Assessments
▪ Applications for Lawful Use and Development
▪ Conservation and Listed Buildings
▪ Prior Approval Notifications
▪ Sequential Testing
We provided a freehold asset valuation of industrial and leisure premises at Francis Avenue, Poole. The property comprised 18,000 sq ft of space.
We provided a Probate valuation of a 4 bedroom detached house located in Littledown Drive, Bournemouth for a deceased Estate.
We provided advice to the freeholder of an 8,000 sq ft industrial unit located on the Solent Business Park. We secured for our client an increase in rent of 25%.
We provided a SIPP valuation of an office building investment where the Members of the scheme company was the tenant.
The property was split into 3 assessments which all qualified for small business rates relief from July 2021, producing a significant rates refund for our client.
