Second Floor, 3500 Parkway, Whiteley, Fareham
Open plan offices to let - 8,248 sq. ft. (766.01m²)
6 The Potteries, Wickham Road, Fareham
Offices to let - 1,940 sq. ft. (180.19m²) - 4,233 sq. ft. (393.29m²)
2 Kites Croft Business Park, Fareham
Warehouse to let - 35,059 sq. ft. (3,257m²)
5 & 6 BOYATT WOOD INDUSTRIAL ESTATE, GOODWOOD ROAD, EASTLEIGH
Industrial warehouse unit to let 11,209 - 22,526 sq. ft. (1,042-2,094m²)
RADIAL 27, 11 BARNES WALLIS ROAD, SEGENSWORTH, FAREHAM
Detached warehouse/industrial unit to let - 71,160 sq. ft. (6,610.93m²)
2-3 THE PURLIEU CENTRE, HARDLEY INDUSTRIAL ESTATE, HYTHE
New Industrial Units - 1,300 - 2,600 sq. ft. (121 - 242 m²)
22 RODNEY ROAD, PORTSMOUTH
Industrial unit to let - 21,885 sq. ft. (2,033m²)
Office Agency Disposal - 1 Guildhall Walk, Portsmouth
For a number of years, Hellier Langston have advised the University of Portsmouth on a wide variety of commercial property matters.
What we did
Given the scarcity of office requirements for Portsmouth, particularly for buildings of this size, Hellier Langston met with the University’s Estates Department at an early stage, well before their planned departure from the property, to discuss a strategy. Due to the potential lack of demand in the property for office use, it was essential that alternative uses were identified and purchasers identified. Due to Hellier Langston’s extensive contacts and market knowledge, we were aware of a local pharmacist with a requirement for new premises in Guildhall Walk. The pharmacist’s requirement was immediate, and with this in mind an agreement was reached which allowed the sale to complete but allowing the University to remain in occupation of the upper floors, whilst allowing the purchaser to fit out the ground floor.
What we achieved
The sale equated to approximately £100 per sq. ft. and was completed with such speed that the University had no concerns over the property remaining vacant following their departure and the associated costs involved. It represents one of the highest profile office disposals in Portsmouth in the last five years.
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As part of the University’s continued expansion and acquisition of larger offices within the city, a number of their facilities had become surplus to requirements including 1 Guildhall Walk, a 7,465 sq. ft. (693.79 sq. m.) five storey office building in Portsmouth City Centre. Hellier Langston were instructed to provide marketing advice to the University with a view to disposing of the offices.
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