Unit 4 Boyatt Wood, Eastleigh
Modern Industrial /Warehouse Unit 10,785 sq. ft. (1,002 sq. m.)
Carlton House, Netley Marsh, Hampshire
Development opportunity 5.6 acres (2.27 ha)
3 St George's Industrial Estate, Eastleigh
End of Terrace Industrial/Warehouse Unit 13,024 sq. ft. (1,210 sq. m.)
Unit E Wykeham Trade Park, Winchester
Warehouse/Trade Counter Unit 4,488 sq. ft. (417 sq. m.)
3 Sun Valley Business Park, Winchester
Industrial/Warehouse Unit 3,014 sq. ft. (280 sq. m.)
1 Boyatt Wood, Eastleigh
End of terrace Industrial/Warehouse Unit - 23,222 sq. ft. (2,167.72 sq. m.)
610 Fareham Reach, Gosport
Industrial/Warehouse Unit 28,187 sq. ft. (2,618.62 sq. m.)
310 Fareham Reach, Gosport
Industrial/Warehouse Unit 28,802 sq. ft. (2,675.71 sq. m.)
Unit 5 Matrix Park, Segensworth, Fareham
Modern Industrial/Warehouse Unit 34,026 sq. ft. (3,161 sq. m.)
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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