Headlines - Spring 2022

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.

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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

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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

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Should I stay or should I go?

When is relocation right?

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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.

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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.

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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.

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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.

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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

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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

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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

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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.”

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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

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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

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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

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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.

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• 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

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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

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Q AC G IN G

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UNIT 32, FAREHAM INDUSTRIAL PARK, FAREHAM

TT

UNIT 3, LOGISTICS CITY, Portsmouth

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UNITS 2 & 3, SPRING BUSINESS PARK, HAVANT

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• Industrial • 12,004 sq ft • Staffordshire County Council

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• Industrial • 13,787 sq ft • Kingsbridge Estates Ltd

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• Industrial • 22,209 sq ft • Kingsbridge Estates Ltd

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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

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• Industrial • 5,070 sq ft • Columbia Threadneedle Investments

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• Industrial • 8,877 sq ft • Kier Trade City

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• Industrial • 11,094 sq ft • Kingsbridge Estates Ltd Pension Scheme

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D RE UI

UNIT 8, CONCORDE PARK, SEGENSWORTH

• Industrial • 5,070 sq ft • Columbia Threadneedle Investments

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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

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DEALS

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Silver Point, Airport Service Road, Portsmouth

• Industrial • 10,045 sq ft • Columbia Threadneedle Investments

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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

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SOUTH COAST

SOUTHAMPTON

PORTSMOUTH

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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

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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

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LPA Receivership Marine and Leisure Occupier Advisory Property Acquisition and Disposal Property Asset Management Property Development Consultancy Property Planning Consultancy Property Valuation