Explorer House, Adanac Drive, Southampton
Headquarter Offices - 8,461 sq. ft. - 31,155 sq. ft. (786.05m² - 2,894.43m²)
Parklands Business Park, Denmead
Industrial Unit - 27,600 sq. ft. (2,565.3m²)
The Quay, Southampton
Office suites to let - 1,524 sq. ft. - 23,152 sq. ft. (141.2 m² - 2,151 m²)
E6 Fort Wallington Industrial Estate, Fareham
Industrial Unit - 3,438 sq. ft. (319m²)
A5 Endeavour Business Park, Havant
Modern offices 2,265 sq. ft.
200 Ricardo Way, Lymington
Trade counter unit - 4,113 sq. ft. (382m²)
Second Floor, 3500 Parkway, Whiteley, Fareham
Open plan offices to let - 8,248 sq. ft. (766.01m²)
10 Kites Croft Business Park, Segensworth
High quality industrial/warehouse unit to let - 30,558 sq. ft. (2,839.02m²)
Office Investment Disposal – Technology House, Parklands Business Park, Denmead
Hellier Langston has, for a number years, managed several properties at Parklands Business Park for a number of landlords.
What we did
Hellier Langston quickly identified Technology House as the property within the portfolio with greatest potential value and demand. Technology House is a 4,611 sq. ft. (428 sq. m.) office let to WCI Consulting for a term of 25 years from December 1989 at a rent of £52,500 per annum. With our extensive contacts of local investors, Hellier Langston targeted a number of potential purchasers who would be attracted to a high yielding investment opportunity, with a good covenant and with future asset management opportunities. Terms were agreed with a local investor and the sale completed in June 2013.
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The landlord of Technology House had encountered funding difficulties resulting in the properties falling into the hands of Receivers. With a number of the properties being vacant, with very little letting demand, Hellier Langston were instructed by the Receiver to maximise the returns from the portfolio.
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