1 & 2 The Nelson Centre, Portfield Road, Portsmouth
Detached Industrial Warehouse Units 11,200 - 29,989 sq. ft. (1,040-2,785m²)
4th FLOOR, ENTERPRISE HOUSE, OCEAN WAY, SOUTHAMPTON
Modern Offices to let - 5,121 sq. ft. (475.8 m²)
5 & 6 BOYATT WOOD INDUSTRIAL ESTATE, GOODWOOD ROAD, EASTLEIGH
Industrial warehouse unit to let 11,209 - 22,526 sq. ft. (1,042-2,094m²)
9 Trinity Court, Totton
Light Industrial/Warehouse Unit - 2,905 sq. ft. (269.93m²)
FIRST FLOOR, BAY HOUSE, COMPASS ROAD, PORTSMOUTH
Modern open plan offices to let - 5,518 sq. ft. (512.6 m²)
H & J FORT WALLINGTON, MILITARY ROAD, FAREHAM
Industrial/Warehouse unit with secure yard to let - 20,456 sq. ft. (1,901 m²)
8 FAREHAM INDUSTRIAL PARK, STANDARD WAY, FAREHAM
Mid-terrace industrial unit to let - 5,511 sq. ft. (512m²)
1-4 Totton Business Park, Southampton
Industrial/Warehouse/Trade Counter Units 4,400 - 31,430 sq. ft. (409 - 2,920 m²)
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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