Spring 2018
HEA View adlinAcross the Solent South Coast Real Estate Marketes Solent business still going strong
Industrial lettings achieve record rents
In this > Industrial record rents increase speculative development > Shortage of supply could lead to pre-letting of office space issue: > Offices, industrial and retail premises for sale and to let WHERE GREAT BUSINESSES RUN The home of business success on the South Coast
Choosing the right office location matters. Lakeside A Selection of Grade North Harbour offers a vibrant business community A office space and unparalleled lifestyle wraparound to traditional Great transport links including shuttle bus workspace, helping you build success. Open landscape for To join the other great businesses running running and walking at Lakeside North Harbour, contact Karen Children’s nursery on (+44) (0) 23 9238 9056 or Onsite hotel, gym and [email protected] leisure facilities Shops and cafes
J12 M27 | www.lakesidenorthharbour.com HEadlines Foreword Industrial Contents Hughes Ellard top Office Agents’ growth takes League Table...... 5 Meet our Team...... 9 root PNH Expansion...... 11 In our last edition of HEadlines we reported exciting times ahead in 2017 with a number of key speculative industrial schemes to be constructed. Indeed, the three schemes mentioned, Mountpark, Eastleigh, Alpha Park, Chandlers Ford and South Central, Nursling have all secured lettings at record rents over £9.00 per sq ft per annum exclusive - the latest being a pre-letting to John Lewis Partnership at South Central. LeadStream Relocate... This boosts confidence for developers and fund managers investing 15 in our region, demonstrated by Hughes Ellard, acting on behalf of Searching for Offices....15 Grainger plc, of a 35 acre site at Waterlooville at the end of 2017 to Equation, funded by LaSalle Property Managers, who intend to Agile Working...... 17 speculatively develop their first phase by 2019. Capital Allowances...... We have also seen LaSalle invest in a 5 acre site at Havant, known 18 as Velocity. They will, reportedly, commence construction in May to Industrial - deliver a new scheme by the end of this year and Marick Estates strong demand for intend to also start construction at Segensworth for a new trade counters...... 50,000 sq ft building. 21 This bodes well for a 4.7 acre site in Segensworth near Fareham that Retail News...... 23 Hughes Ellard are selling on behalf of Hampshire County Council, suiting industrial development for developers and occupiers alike.
Whilst 2017 saw less take-up than previous years in the office sector, there is no doubt that there is a shortage in the supply of Grade A office space across the corridor, particularly Chandlers Ford and Eastleigh, with still little hope of speculative development occurring, making the new Chilcomb Park, Winchester 21,000 sq ft building MEES Regulations...... 25 nearing completion even more desirable. We have no doubt that we will continue to see rental growth in this sector as demand outstrips Guide to Property supply. Acquisition...... 25
We have seen a particular surge in business owners wanting to Green Issues...... 26 own their own properties, perhaps encouraged by low and stable interest rates, but also motivated by rising rents. The problem - as for industrial space - is a severe shortage of property to buy.
Out-of-town and roadside retail remains upbeat despite the recent reports of a number of brands reducing their footprint across the UK.
Our Search & Acquisition service has never been so busy, with many Current Property businesses struggling to find new premises. Listings...... 27-31
Fareham Office 01329 220033 Southampton Office 023 8022 4080 Cams Hall Estate, Fareham, PO16 8UT 3 Ocean Village, Southampton, SO14 3XB TO LET
Last Remaining Suite (486.56 sq m)
■ Prominent position ■ 35 parking spaces ■ Impressive new reception area ■ Striking central atrium ■ Excellent natural light ■ Mature landscaped setting
4500 PARKWAY Solent Business Park PO15 7AY 4 HEadlines Office Insights
Topping M27 FINDING THE RIGHT office agents’ PREMISES Hughes Ellard are regularly retained by business owners to help find suitable premises, often having become frustrated league table in what starts off as an easy exercise but fast becomes a distraction to their business. Hughes Ellard has achieved a fifth year of success in the M27 One recent example was an office agents’ league table for Hampshire. office relocation for Menzies’ The agency, which covers the Solent region, where there are local Solent office. 50,000 businesses, has now disposed of the most floor space Our client had recognised that in four out of the last five years. they had a lease expiring in approximately 12 months time and, whilst had successfully In the latest annual results, the 30-strong firm led with 39 deals involving a total traded from it for 10 years, they of 202,019 sq ft. Estates Gazette, the commercial property magazine, compiled wanted to operate from a single the league table from disposals recorded from the 12 months to the end of floor to take advantage of August 2017. creating stronger team working in an open plan environment. After Hughes Ellard, which recorded an average deal size of 5,180 sq ft, the Following a meeting to run largest number of disposals was 31. Last year Hughes Ellard was a close second, through the brief, it was clear having previously led the league table for three consecutive years. our task was to identify a 6,000 Gary Jeffries, Hughes Ellard’s managing director, said: to 7,000 sq ft office suite at “The Solent region has a flourishing, diverse economy, from the services Solent Business Park, Whiteley. sector to industry and manufacturing. In turn, demand is created by Hughes Ellard implemented expanding companies for new staff-focused office space, such as the a search immediately to local and regional office agents 54,136 sq ft letting to Babcock International Group at Lakeside North and landlords in the area. We Harbour, Portsmouth, in a joint deal by Hughes Ellard and Vail Williams. included within the search a Our dedicated team act collaboratively with clients, who value our slightly wider geographic, to individual and collective knowledge of the market. Hughes Ellard has been ensure all bases were covered. delivering market-leading consultancy for five decades now and topping the Following a detailed report on M27 office agents’ league table once again, for the fourth time in five years, occupational costs of available is testament to what the team does.” buildings, we then set to view a Hughes Ellard’s total disposed space of 202,019 sq ft was nearly twice that of the shortlist of properties. second highest figure recorded. Once the shortlist had been refined to three properties, According to Estates Gazette, total space disposed along the M27, covering we then set to requesting Southampton and Portsmouth, was 483,486 sq ft, down by 7% on last year, and proposals from the landlord’s the average deal size was 3,453 sq ft, up by 4.2%. agents based on our client’s Hughes Ellard, established 46 years ago, has offices at Ocean Village, requirements of lease terms, Southampton, and Cams Hall business park, Fareham. etc. Professional services include development appraisal, search and acquisition, We fixed upon the Zurich Centre Solent Business Park and valuation, rent review and lease renewal, asset management, building quickly agreed commercial terms consultancy, disposals and investment advice throughout the Solent region and to take a new 5 year lease, the UK. negotiating a healthy rent free Hughes Ellard’s business space team is led by Russell Mogridge and includes Nik package saving our client over Cox, Harnish Patel, Will Elgeti, Tim Clark and Gary Jeffries. £180,000 over a 5 year period.
Gary Jeffries Harnish Patel Tim Clark 5 Will Elgeti Russell Mogridge Nik Cox [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] 5 Office Premises To Let Sheridan House Jewry Street Location Winchester The property is located on Jewry Street, in the heart of the city of Winchester, close to the main shopping area. Hampshire It is within a short walk of Winchester railway station with regular SO23 8RY services to London Waterloo (approximately one hour) and Southampton (20 minutes), as well as other destinations around the South Coast. Restaurants and other amenities are in very close proximity. Size: Description 81.85 sq m (881sq ft) to Sheridan House is a purpose built four storey, mid-80’s office and 932.74 sq m (10,040 sq ft) retail building and is situated in a prominent central location, fronting Jewry Street in the heart of Winchester. Rent: The available space is situated on the lower ground, ground, first and third floors and can be taken together or separately. On application • Heart of the city • 6 parking spaces • Modern open plan accommodation • Kitchenette
EPC Rating Band - C/68
Contact: Nik Cox Tel: 023 8065 9178 [email protected] William Elgeti Tel: 023 8017 0748 [email protected]
6 WORK. ENJOY. BREATHE. SOCIALISE.
A NEW PERSPECTIVE. OFFICE SPACE UP TO 59,684 SQFT.
HIGH SPEC FLEXIBLE CONTACT: BUSINESS SPACE. AVAILABLE TO LET. James Brounger [email protected] Part Floors from 6,000 SQ FT Full Floors from 17,294 SQ FT
Nik Cox [email protected]
THEFORUMSOLENT.CO.UK Concorde Way Segensworth North Fareham Hampshire PO15 5RX
Approximately 4.7 acres (1.91 Ha) Commercial Property Development Site For Sale Of interest to commercial property developers and owner occupiers For Sale A rare opportunity to purchase a development site for speculative industrial development or for a business to self-build a facility within a secure site. Concorde Way is a popular and established high quality industrial logistics location, home to Coopervision contact lens manufacturer, TUVSUD, Gemalto, Turbomeca, GMK and UK Mail. The industrial estate is located immediately off junction 9 of the M27, not only providing excellent access to both Portmouth and Southampton but also the rest of the UK with connections to both the A3 and M3 corridors. • Rare opportunity to purchase a development site • All time low availability
Contact: Russell Mogridge
Second Floor Bramble House Furzehall Farm Wickham Road Fareham Hampshire PO15 7JH
Modern Office Suite To Let Size: The property occupies a highly accessible location fronting the A32 close to Junction 10 of the M27 and about 1.5 miles north of Fareham town centre, and is ideally situated 71.44 sq m (769 sq ft) for occupiers looking for a prestigious headquarters accommodation located between Rent: Portsmouth and Southampton. Suite B - Bramble House is a modern detached three storey office building benefiting from £9,250 per annum exclusive communal ground floor entrance lobby with stairwell, lift and WCs to each floor. The property is set within an established landscaped office campus and benefits from Tenure: on site allocated car parking. Leasehold • Car parking spaces • Comfort cooled • Flexible lease terms
Contact: Russell Mogridge EPC Rating Band - C/58
8 HEadlines Meet our Team Elevated thinking Across our areas of expertise and our geographic Gary Jeffries – Managing Director reach, we are driven by a passion for what we do. Gary has been one of the major players in Day-in, day-out, we aim higher, applying rigorous the Solent region’s property market for over standards of professionalism to deliver Commercial Real 25 years. He is Fellow of the Royal Institution Estate & Residential land sales agency, together with of Chartered Surveyors (RICS). As Chairman of Solent Local Enterprise Partnership (www. professional advisory services that are innovative and solentlep.org.uk), he is at the forefront of value-adding. shaping the economic development agenda The quality of advice we give to our clients has made in south Hampshire and successfully led negotiations with Government for the us regional leaders in our field. This fusion of talent and region’s £150m Growth Deal. experience helps us deliver outstanding results.
Russell Mogridge – Director Tim Clark – Director, Retail & Leisure
Russell Heads up our Transactional Team. He has Tim heads up our Retail & Leisure team, advised on the major industrial estates and office acting for many of the institutional landlords parks across the central south and has a talent owning shopping schemes across the south. for developing and executing creative marketing In addition, Tim works with national and local campaigns to generate results. This has led to him retailers assisting them with acquisitions, handling schemes “from cradle to grave”, advising lease disposals and professional work. on land assembly for development, identifying end users and selling the end created investment. Russell also specialises in business relocations saving his clients thousands of pounds in both their time and on the deals negotiated.
Nik Cox – Director Tim Poynting – Director, Property Asset Management
Nik has over 15 years’ experience in south Tim heads up our property management coast property markets. He has a wealth department from our Southampton office. He of experience in both the acquisition and deals primarily with property management of disposal of Office and Industrial premises, some of the leading Office & industrial parks together with development and investment in central southern England. Clients include advice to local regional and national clients. corporates, owner occupiers and local/ regional investors/developers, advising on service charge & rent collections as well rent review & lease renewal strategy.
Carl Walker – Director Nicholas Miles – Associate Director
Carl leads our Non Transactional professional Nick heads up our Building Consultancy advisory teams. Besides specialising in Services team, delivering an array of Building property investment, he is experienced in all Surveying services, including dilapidation aspects of valuation, landlord & tenant work claims on lease expiry for both occupiers plus a niche specialism in medical premises. and landlords, together with schedules of condition at lease commencement and project managing & tendering for commercial property fit-out.
Agency Building Surveying Valuation Acquisition
To view our full property listings visit 9 www.hughesellard.com Office Building To Let Second Floor Oakmount House Location The property is prominently located on the corner of Oakmount Road Oakmount Road and Winchester Road. This location offers excellent motorway and Chandlers Ford railway links with the M3, Junction 13 and Chandlers Ford Railway Station less than 1 mile away. Hampshire Nearby occupiers include; Lloyds Bank, Co-op, Costa Coffee and SO53 2LM Waitrose.
Description Size: The second floor comprises open plan space with two small cellular offices and boardroom, with good natural light offering a very large 167.23 sq m open feel. (1,800 sq ft) The Suite benefits from a kitchenette, recess Cat 2 lighting, perimeter trunking, gas wet heating system and comfort cooling cassettes. Rent: The floor has lift access and w/c facilities. £25,200 per annum • Central location • Open plan floor plate exclusive • Good amenities • Allocated parking • Comfort cooling
EPC Rating Band - D/81
Contact: William Elgeti Tel: 023 8017 0748 [email protected]
10 HEadlines PNH Expansion Property developer builds on expansion A UK and overseas-based development group has signalled its expansion plans by moving to new headquarters in Hampshire.
PNH Properties Group has taken occupancy of a 2,717 sq ft first-floor office suite at 8 Rotherbrook Court, Bedford Road, Petersfield. Hughes Ellard acted for a private landlord in securing the 10-year lease at £36,000 per annum. Founded 19 years ago by managing director Peter Hunt, the 10-strong PNH team specialises in land assembly and delivery for residential, commercial and leisure developments. Under the Peter Nicholas Homes brand, the firm has nine residential sites at different BUILDING AND LOCATION: development stages and ranging in The PNH Properties Group team with Hughes Ellard’s Russell Mogridge (third from left). size from 12 to 89 properties across Hampshire, West Sussex and the Isle “We’re grateful to Russell Mogridge at deliver 1.5 million new homes by 2022. of Wight. Hughes Ellard for sourcing our exciting Our client Criddlestream acquired the Peter said: “We are rapidly increasing new headquarters as there is so little office property as an investment in our multi-family housing site portfolio, quality office accommodation along 2013. It was originally let to Sage and funded by a far-sighted mix of internal the A3 corridor. Our new base is ideal they are delighted Hughes Ellard has funding, bank lending and private for taking the business to the next found an exciting and progressive investment finance. level.” replacement tenant. “With the same successful funding Russell, a director at Hughes Ellard, There is little availability in Petersfield formula, we also continue to grow said, “PNH is a well-established – this thriving office campus, just off our commercial property and leisure business committed to delivering the A3, has excellent road and rail links development portfolio both here in the much-needed family homes to the to the South Coast and London.” region as the government looks to UK and overseas. PNH’s commercial developments include Passfield Business Centre near Liphook, Newhaven Industrial Park, Newhaven, East Sussex and Castlegrove Business Park, Bognor, West Sussex. On the leisure side, the firm is involved in Port Lucya Marketplace, a 9.5-acre waterside development in the Grand Bahamas - the largest shopping, dining and entertainment open-air facility in the Bahamas. PNH relocated 11 miles from Passfield to Rotherbrook Court. Occupiers in the vicinity include Handelsbanken, NFU, Vitality, Whitman Laboratories and Frazer-Nash Manufacturing.
11 Building 1 Buildings 2-4
Buildings 6-8
Office/Light Industrial Premises Airfield Road For Sale or To Let Christchurch Location Dorset The premises are situated in a prominent location on the corner of Airfield BH23 3TH Road and Airfield Way close to the A35, providing links to Southampton and the national motorway network to the east. Christchurch town centre is 1.25 miles west of Airfield Industrial Estate and Bournemouth and Poole are further to the west. Description Sizes: Building 1 Industrial building with production space over ground and first floors, on a 1,408 - 5,344 sq m site of 1.5 acres. The property has a ground floor open plan assembly unit, (15,158 - 57,528 sq ft) anti-static floor, suspended ceiling and roller shutter door access. The first floor is separated into cellular offices, storerooms and a canteen with air- Tenure: conditioning. The property benefits from a good parking ratio in a secure car park. Long leasehold or Freehold Building 2-4 and Building 6-8 Prices: 2-4 Airfield and 6-8 Airfield were designed as terraced, two storey business Building 1: £1,250,000 units. The buildings have multiple entrances, stairwells and service cores. Buildings 2-4 and The properties are currently split into a mixture of cellular offices and open plan office space. There is a high-tech lab area on both the ground floors, Buildings 6-8: £1,900,000 with anti-static floor and high quality lighting. Both properties benefit from a roller shutter door and air conditioning. The buildings sit on a site of 1.85 acres. • Prominent location • Self contained units • Secure parking • Strong trade links
EPC Rating Bands - Building 1: C/62, Buildings 2-4: C/65, Buildings 6-8: C/68, Building 15: C/68
Contact: Will Elgeti Tel: 023 8017 0748 [email protected] Gary Jeffries Tel: 01329 222830 [email protected] Joint Agent: Ashley Worne Tel: 020 3296 3000 [email protected]
12 Office Premises To Let Second Floor Tagus House Location Ocean Village Tagus House is located within Ocean Village, at the southern end of Central Southampton. To the east is Ocean Village Marina and the River Southampton Itchen, and to the west, Southampton Western Docks and Southampton Hampshire Water/the River Test. Other occupiers in Ocean Village include BDO StoyHayward, Price Waterhouse, Barclays and Your Move. SO14 3TJ Ocean Village is the waterfront location for Southampton with a mix of office, residential and leisure facilities, including bars, restaurants, Size: café’s, convenience store, two cinemas and the newly opened Southampton Harbour Hotel. 431.62 sq m (4,646 sq ft) Description Rent: Tagus House comprises a four storey purpose built office building constructed in the mid 1990s, and provide good, regular shaped £19.50 per sq ft exclusive and open plan floor plates. Internally, the space benefits from air- conditioning, suspended ceilings with recessed light fittings, double glazed powder coated aluminium framed windows and fully raised access floors. • Air conditioning • Fully raised access floors • Double glazed windows • Passenger lift • Suspended ceilings with recessed lighting • Car parking ratio of 1:194 sq ft • Male and female WCs
EPC Rating Band - D/83
Contact: Nik Cox Tel: 023 8065 9178 [email protected]
13 Two Storey Detached West Farm House Cams Estate Period Office To Let Fareham Location Hampshire Cams Estate is an established business park set in a beautifully PO16 8UP landscaped environment within the grounds of the 18th Century Cams Hall. Occupiers on the park include Serverhouse, Taylor Made Computer Solutions, Wilkins Kennedy and Glanvilles Solicitors. Size: The Park offers excellent communication links to the M27 via J11 308.71 sq m (3,323 sq ft) together with the A3(M) and A27. Rent: Description £63,000 per annum exclusive This former farmhouse serving Cams Hall Estate offers unique stylish period accommodation with a welcoming ground floor double height reception area, large executive offices with tall ceilings and large sash windows providing plenty of natural light, combined with an open plan galleried wing, meeting modern office occupancy requirements. There are ground floor toilets and kitchen. The property has its own car park capable of parking approximately 10 cars. In addition, there are a further 7 car spaces located a short walk away. • 17 allocated car spaces • Open plan with executive offices • Quick motorway access
EPC Rating Band - C/73
Contact: Russell Mogridge Tel: 01329 222832 [email protected]
14 HEadlines Relocation Jobs boost as online customer acquisition specialist expands An online customer acquisition Chief Executive Matthew Milnes “The location is ideal – just off service for the financial services said: “Our diligent and motivated junction 9 of the M27, with a industry has relocated to larger customer service teams are involved superb employment pool across in 2,500 fresh enquiries a day, the conurbations of Southampton, headquarters within Hampshire. placing discerning customers to Portsmouth and Fareham, all within Due to rapid growth, an initial 16 the best company which suits their commutable distance. LeadStream new roles are being created at requirements, whether that is life has done well to secure larger Grade LeadStream’s customer service insurance, stocks and shares or other A offices – they are in short supply centre at St Andrews House, financial investments. across the Solent region.” 4400 Parkway, Solent Business “We had outgrown our previous office Park, Whiteley. The business, and Hughes Ellard brought which employs 80 staff and St Andrews House to our attention – it ticked all the right boxes. We now already has up to 60 working at have plenty of room to grow the any one time at the nationwide customer service centre and are well call centre, outgrew nearby placed to diversify lead generation Arena Fareham. in both business-to-consumer and In a deal through independent business-to-business markets.” commercial property consultancy Russell Mogridge, a Director at WARM WELCOME: Outside the new headquarters of LeadStream, at St Andrews Hughes Ellard, LeadStream signed Hughes Ellard, said: “LeadStream is House, with customer service centre staff are, a 10-year lease on the 9,006 sq ft an excellent example of a go-ahead front row from left, Amiri Construction director detached office, at £15 per sq ft. business which required quality office Mark Vincent, LeadStream’s internal recruitment manager Adrian Maddock, LeadStream’s Chief Hughes Ellard acted for the private headquarters from where to expand Operating Officer Michael Hubbard and Russell landlord of the two-storey premises. staff numbers. Mogridge, a Director at Hughes Ellard.
Searching for the right commercial property?
Look no further than the Hughes Ellard Search & Acquisition team. Our team regularly advise clients on how to find the right property, often tailoring an advanced search of properties off market and guiding them through every step of the way, not only covering the pros & cons of the property, but also the detailed lease negotiations or purchasing options. This support often results in savings of thousands of pounds for our clients, not just in rent or purchase price but in their valuable time.
To find out why we are so effective, call Russell Mogridge, Nik Cox, Harnish Patel or Will Elgeti.
15 Modern Self Contained Carnac Lodge Carnac Court Single Storey Office Building Cams Hall Estate To Let Fareham Location Hampshire The property is located on the prestigious Cams Hall Estate, PO16 8UJ conveniently located close to Junction 11 of the M27 and just off the A27 and set within award winning landscaping with 27 hole golf course with large clubhouse and restaurant. Size: Cams also benefits from Buffet Car café providing hot and cold food. 387.03 sq m (4,167 sq ft) Cams Hall itself is a business centre providing conference room facilities. The estate has a waterside footpath close to Fareham Creek. Rent: Description £79,150 per annum exclusive The property comprises a purpose built single storey office building with excellent natural light with two elevations of floor to ceiling glazing with sliding doors. Internally, the property has been refurbished with new carpets and new decorations. The building benefits from comfort cooling heating, fully access raised floors, suspended ceilings and recessed light and a fitted kitchen. Externally, there are 19 private allocated car parking spaces. • 19 car spaces • Unique self contained building • Comfort cooling • Fast broadband
EPC Rating Band - C/72
Contact: Russell Mogridge Tel: 01329 222832 [email protected]
16 HEadlines Agile Working Stay Agile to Thrive By Nik Cox, Furthermore, businesses find of people’s lives is what matters Director, a decrease in unscheduled most – not a working schedule filled Hughes Ellard absences, resulting in increased with rigid routine and structure. productivity. Many employees who Furthermore, some experts call in sick do so because of family have predicted an impact on the issues, personal needs and stress. increased demand for city centre This is significantly reduced with located offices – providing flexible Agile Working has certainly an Agile working approach as the workers with a central meeting seen a rise in recent relationship is much more open space where they can meet face- years, driven largely by and based on trust. It enables to-face when necessary. Offices the advances in cloud and honest conversations about the located where public transport mobile technology. Often employee’s circumstances and the is convenient, with strong local organisation’s needs – resulting in confused with ‘Flexible amenities are becoming even more a mutually respectful relationship. Working’, Agile Working isn’t important for Agile businesses. just about working part-time General employee satisfaction Commercial property trends are or remotely, but looks at with their complete package is seeing a decline in the desire for work as ‘tasks’, rather than increased. Research confirms ‘office park’ type environments a physical destination you that 36% of people would choose which soared in popularity 30 years travel to five days a week. working from home over a pay ago, as they tend to have poorer rise (a poll of 1,500 technology transport connections and often “In an Agile environment, ‘work’ professionals revealed that 37% higher rents. Research shows that becomes an activity rather than a would take a pay cut of 10% if they Millennials now have less access place,” explains Martyn Freeman, could work from home). Generation to their own transport (only 35% of managing director of Mitie’s Y are particularly attracted to under 20s have a car compared to facilities management business. flexible work arrangements (rating 43% 20 years ago), so an office that “Agile Working supports a much among benefits as an 8 on a 10 can easily be accessed by train, more collaborative way of doing scale for impact on overall job bike or on foot will become more business and with the right satisfaction). A typically hard group attractive to growing businesses – technology, it gives people the to recruit, this way of working is enabling them to cast the net wider ability to work wherever they becoming more attractive to these when it comes to offering an overall happen to be and whenever it suits individuals who often place overall attractive recruitment package. them to do so.” job satisfaction above earning the most money. So as businesses want to grow Followers of the Agile way believe and attract new talent, it will As Douglas Coupland, author of you can work anywhere with the become increasingly challenging Generation X, JPod and Microserfs right technology, the right people if they aren’t prepared to accept explains: and the right environment. an Agile way of working and adapt This working approach enables “The nine-to-five is barbaric. I their thinking as a recruiter. If it’s maximum flexibility and minimum really believe that. I think one day acceptable for the Millennials, it constraints – empowering we will look back at nine-to-five must apply to everyone in the businesses to enhance an employment in a similar way to entire organisation. This will come individual’s performance and how we see child labour in the 19th as a welcome change for many, deliver the best service for the century,” who have been asking for a fresh organisation. The benefits are It is believed that in years to approach since the universal use of many, including a reduction come, the concept of the rigid smartphones and the cloud really in attrition rates – where it is 9-5 will become old fashioned took off ten years ago. People estimated that two-thirds of and irrelevant, especially in a time who can multi-task using their employees would take another when the ‘job for life’ is no longer smartphone are probably some of job to ease the commute or have something people crave. Job the hardest working people your flexible working. satisfaction that fits in with the rest business could employ.
17 HEadlines Capital Allowances Commercial Property - Don’t miss the capital allowances opportunity
• Plant and machinery (currently getting this right, can often result in There are very few tax breaks available at a rate of 18% pa) capital allowances being overlooked. available for owners of or • Integral features – such as investors in UK commercial electrical and cold water systems, What are the rules? property. Therefore, it comes lifts, air conditioning and many Changes to the capital as a surprise that capital other items commonly found in allowances rules on allowances, a valuable commercial buildings. (since April second hand property form of tax relief, are either 2008 – currently available at a rate were introduced from under-claimed or not claimed of 8% pa) April 2012 and came into at all due to a lack of full effect from April 2014. Purchasing a commercial understanding or application property The rules can be quite complex but of the legislation and case law in general terms to be able to claim governing the availability of If you are considering capital allowances under these rules the relief. purchasing a commercial the following must be met: property, or own a property Capital allowances are purchased in the past, 1. Fixed value available for qualifying capital then capital allowances The seller and purchase must expenditure incurred on may be available to you. The quantum agree the part of the purchase certain buildings, fixtures of the tax relief available is dependent price that is apportioned to fixtures in the building. This can be done and chattels and attract on the historic ownership of the either by entering into a joint specific rates or amounts of property and not necessarily the election (a s198 CAA 2001 election) tax relief, which can then be age of the building. The tax relief is very generous with up to 50% of the OR, by applying to the First-tier offset against taxable profits purchase price potentially qualifying tribunal to fix the value. Either way reducing your tax bill! for it. (see general rule of thumb % this must be done within two years There are certain hurdles below). of the purchase. that must be cleared before In the last 10 years, there have been 2. Pooling requirement capital allowances can be several changes to the legislation This rule applies since April 2014. claimed. However once these governing capital allowances It requires the seller to stipulate conditions are satisfied, on property transactions and that they have ‘pooled’ the then large percentages of misunderstandings, or commercial expenditure on fixtures before the the cost of a construction/ pressures to get the deal done, can property is sold, i.e. they must have included the assets in their capital refurbishment/fit-out project, lead to missed relief. allowances calculations where they or the acquisition cost of a The answers provided to the normal qualified. property, could attract the tax Commercial Property Standard relief. Enquiries (CPSEs) are often insufficient If these are not met then HMRC to determine the potential capital will deem the value of any fixtures allowances available to a purchaser. acquired to be nil so NO capital What capital allowances The lawyers dealing with the purchase allowances can be claimed by the may be available? may not to be in a position to purchaser. Since 2011 it is no longer possible review the responses from a capital to claim capital allowances on the allowances perspective as this is a Words of warning specialist technical area. actual building or structural aspects Normally, a purchaser of the property, e.g. floors, roof, This together with the commercial will wish this value to walls. However capital allowances on pressures ‘just to get the deal done’ be higher and the seller commercial properties are still available and a lack of understanding as to the to be lower therefore it in a number of forms including: potential value to the purchase of is strongly advisable to 18 HEadlines Capital Allowances
meet this requirement as part of the Capital allowances rules of thumb sale negotiations and by way of a S198 The potential capital allowances available will depend on the facts in each case. election at the time of sale/purchase. However as a general rule of thumb and to provide a guide to the potential value This provides certainty and is more in capital allowances to show why specialist advice should be sort please see the cost and time efficient. It is very table below. difficult to agree this after the fact.
Furthermore, if the above are not Acquisitions, disposals and construction projects* met then not only with the current purchase not be able to claim capital Property Type Acquisition / Disposal New Build/Refurb/ allowances on assets that exist at the Qualifying % Fit-out Qualifying % time of purchase, no future purchaser will either. In some cases this could Office 15% - 30% 15% – 45% impact the future sale price. Office Refurb/Fit-out 40% - 100% Selling a commercial Retail 2% - 25% 5% - 40% property
If you are the seller Retail Refurb/Fit-out 40% - 90% rather than the Industrial 2% - 20% 5% - 25% purchaser then you should also ensure that Hotel 15% - 50% 15% - 50% the above requirements are met. If you do not fix the price Hotel Refurb/Fit-out 40% - 80% then HMRC could seek to argue that Furnished Holiday Let 15% - 25% 15% - 30% balancing charges arise on the sale.
Ensuring that you have detailed * Figures provided by Chris Doyle of Yewell Consulting LLP. The exact percentage that supporting information for assets would qualify will depend on the facts in each case the above is just a general rule of thumb that you have pooled and claimed as a guide. capital allowances on can assist with a future sale as it will make it smoother Seek early advice and potentially more valuable for a Capital allowances are an extremely valuable relief and can reduce your tax purchaser. liabilities substantially yet are often missed. Early and specialist advice is key and the cost of obtaining this advice is normally greatly outweighed by the potential Construction, tax savings. Miss these at your peril! refurbishment and fit-out projects
For these types of For further information, please contact Lucy project, if advice is Mangan, Director at Menzies LLP on 01784 taken early enough in 497100 or email [email protected] the development cycle, Menzies is a top 20 firm of accountants, finance and it is possible to “design business advisors that operate out of a network in” capital allowances of offices across Surrey, Hampshire and London, tax relief, through the careful selection providing our clients with easy access and local knowledge. Described as of construction components and the ‘best performing firm outside of the top 10’ by Accountancy Magazine, wording of contract clauses. Menzies has over 400 employees and an annual turnover of more than £40m.
Getting advice early can greatly An award-winning firm, Menzies won ‘National Firm of the Year’ at the 2016 improve the quantum of capital British Accountancy Awards, ‘Best Tax Team’ at the 2017 Tolley Taxation allowances due and also ensure that Awards and ‘Corporate Restructuring Firm of the Year’ at the Tri Awards 2017. the appropriate documentation is available to support the claim for the Menzies offers a full range of services – tax, corporate finance, audit tax relief. Depending on the type of & compliance and business recovery, as well as strategic consultancy, project, between 30% and 90% of the outsourced HR & FD support, expenditure incurred could qualify franchising and business valuations. for the tax relief (see general rule of Visit www.menzies.co.uk thumb). for more information.
19
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DISCOVER EFFECTIVE FINANCE AND BUSINESS ADVISORY BUILT ON BETTER RELATIONSHIPS.
Contact our property and construction specialists at [email protected].
16 HEadlines Industrial Occupier News
Demand for trade counters A new trade counter near Portsmouth has been let through Hughes Ellard. With a quoting rent of £10.17 a sq ft, the 2,064 sq ft unit is at Solent Trade Park, Solent Road, Havant.
There are eight newly-constructed, self-contained units at the trade park, each with fitted WCs, LED lighting, glazed frontage and access through an electric loading door and the customer entrance. With the latest letting, seven of the eight units are now occupied. Harnish Patel, pictured, an associate director at Hughes Ellard, which covers the Solent region, said: “There is strong demand for trade counters along the Solent Corridor, including the A27, which is close to the Trade Park. “These are excellent buildings. Each unit is of steel portal frame construction with a combination of brickwork and profile-clad elevations. The pitched roof at the let unit incorporates translucent panelling for extra light. Each unit has windows at ground and first floor level, to suit mezzanine office development, if required. We are close to calling ‘full house’ on Solent Trade Park, with just one of the eight trade counters now available.” Details of the occupier and landlord, as well as lease terms, remain private. Vehicle workshop makes way for
Jason Osborn, Driftstone’s land buyer, new townhouses said: “We are always actively seeking Townhouses are to be built Phill Upshall, a family representative, land for development in Hampshire on the site of a decades-old said: “Whilst this is the end of a and, through Hughes Ellard, became century-long era for the Upshall family, aware that the owners of 4 East Street motor vehicle workshop sold it will be a new one for families moving were looking to sell. through Hughes Ellard in into much-needed townhouses. “In honour of the Upshalls’ links, we south Hampshire. “We are grateful to Russell at Hughes are looking to name the development The sale marks the end of the century- Ellard for sourcing a buyer and taking after the family. The townhouses will long family ownership of premises away the stress that can come with be of high quality and enhance the and land at 4 East Street, Titchfield, selling land and property.” look and feel of the area.” a village near Fareham with a history The premises has been used as a According to government targets, stretching back 1,500 years. vehicle workshop since the 1960s, 300,000 homes need to be built Planning permission has been granted when the average house price was each year if the national housing for the demolition of the 3,390 sq ft £2,530, a loaf of bread equivalent to shortage is to be solved; in the 2016/17 property, located on 0.13 acres, and 5p and professional footballers were financial year, 217,350 new homes were the development of three townhouses. paid a maximum wage of £50 a week. reportedly completed. New owner Driftstone Homes, a housebuilder headquartered in Fareham, will construct the townhouses once demolition is completed. Russell Mogridge, a director at Hughes Ellard, which covers the Solent region, said: “Knowing our extensive contacts with residential and commercial developers in the region, we were approached by the Upshalls to find a buyer through private treaty. “This was a unique opportunity to purchase a rare site with fast road connections to Fareham town centre, Whiteley, which is home to the largest business park of its kind on the central South Coast, and the M27 corridor, via junction 9 and 11, for Southampton and NEW ERA: From left, Jason Osborn of Driftstone Homes, Phill Upshall and Russell Mogridge Portsmouth.” of commercial property consultancy Hughes Ellard.
21 THE PHOENIX CENTRE Calmore Industrial Estate, Totton, Southampton, SO40 3SA
TO LET REFURBISHED INDUSTRIAL WAREHOUSE WITH LARGE SECURE YARD 1,939.20 sq m (20,874 sq ft)
The unit provides clear open plan storage/workshop spaces and benefits from the following features:
• Refurbished in Oct 2017 • Ancillary offices & WC’s • 3 large loading doors • 4 miles from Southampton Docks • 7.6m eaves • 1.7 miles to J2 M27 motorway & • 21,538 sq ft secure yard 8 miles to M3 motorway • Warehouse heating & lighting HEadlines Retail Insights Furnishings store unveiled A home furnishings chain in the UK has opened up at a new retail location in southern Hampshire. Ponden Home, part of the Edinburgh Woollen Mill group, signed a lease on a 2,000 sq ft unit at Hedge End Trade Park, Hedge End, near Southampton.
Hughes Ellard acted for the trade available. A two-week refit took place, for customers because of the easy park’s landlord, Aberdeen Asset the landlord having first successfully access from the M27 corridor between Management (AAM), acting on behalf acquired planning consent from trade Southampton and Portsmouth.” of a client, in the deal. counter warehousing use to retail.” The Edinburgh Woollen Mill group, Ponden Home, which employs five It is the fourth unit on site that Hughes which traces its roots back to 1946, staff on site and rebranded nationally Ellard, with offices in Southampton where it undertook the dying of yarn from Rosebys, was previously at and Fareham, has secured for national on a contract basis before expanding Bradbeers Retail Park, just up to road retailers. The others are American Golf, into retail in Edinburgh in 1970, on Tollbar Way. Sliderobes and Hammonds. operates in more than 500 stores Russell Mogridge is the business Products at Ponden Home, which across the UK. space director at Hughes Ellard, AAM’s also has a strong online shopping Ponden Home Hedge End is led by agent for Hedge End Trade Park, which presence, include curtains, bed Leanne Fields, the manager of 16 is now fully occupied with the latest linen, bedding, cushions and home years, and Sandie King, the assistant arrival. accessories. manager of 15 years. He said: “Ponden Home had been Kevin Nock, Ponden Home’s area Britain’s home furnishings market looking for nine months for suitable manager, said: “We have five dedicated value is forecast to reach £17.1 billion premises with the business certainty staff at Ponden Home Hedge End, with in 2018, according to figures from of a long lease, having traded a combined 51 years’ experience in the Euromonitor, a global market research successfully at the nearby retail park home furnishings field, and they are company. for 15 years as Rosebys then Ponden part of our fantastic ‘bricks-and-clicks’ Ponden Home represented itself in the Home. service to customers. property deal. “A rare opportunity emerged where “We were keen to remain in the a corner unit unexpectedly became Hedge End area, which is convenient Roadside Retail Roadside retail continues to prove a popular sector for developers and investors. The market has been active for a number of years now. Costa and Starbucks have been busy taking sites from the outset, but there is now an ever wider variety of occupiers considering this format. to planning for further Greggs units in to complementary retail occupiers, Hughes Ellard has been busy acquiring Gosport and Andover, both forming part industrial estates and/or residential units on behalf of Greggs Plc along the of wider developments. areas. In the event of the unit being South Coast. Most recently, premises new build Greggs will commit to taking a have been acquired on Portsmouth Greggs typically requires 1,000 to 1,250 10 year lease without a break. Rentals in Retail Park, part of a scheme by Simon’s sq ft of space in shell format. For a this sector have moved forward and can Developments which also incorporates location to be considered it will need to range between £25 and £35 per sq ft. Decathlon, Home Bargains, Pure meet various criteria, most importantly Gym, Subway and Costa. In addition, a prominent/busy roadside position and For more information contact Tim Clark – contracts have been exchanged subject then other factors such as proximity [email protected]
23 A bank that puts customer satisfaction first Handelsbanken has a different perspective from many other banks. We are driven only by our customers, designing tailored solutions to suit their demands. Because we are not target driven, we take a long-term view, investing time to get to know our customers, their needs and ambitions.
For nine years running, Handelsbanken has come top in an independent satisfaction survey for UK personal and business banking customers*; and has been rated top provider of current accounts for all sizes of SME by the government-backed Business Banking Insight survey**.
* EPSI Rating, October 2017 ** Business Banking Insight survey, January 2017. Providers with fewer than ten reviews have been excluded. Please visit www.businessbankinginsight.co.uk.
Portsmouth branch Southampton branch Phil Dedman - Branch Manager Andy Taylor - Branch Manager M: 07816 225638 M: 07890 522537 T: 02392 387520 T: 02380 635981 E: [email protected] E: [email protected] handelsbanken.co.uk/portsmouth handelsbanken.co.uk/southampton
handelsbanken.co.uk
Handelsbanken is the trading name of Svenska Handelsbanken AB (publ). Registered Office: Svenska Handelsbanken AB (publ), 3 Thomas More Square, London, E1W 1WY. Registered in England and Wales No. BR 000589. Incorporated in Sweden with limited liability. Registered in Sweden No. 502007-7862. Head Office in Stockholm. Authorised by the Swedish Financial Supervisory Authority (Finansinspektionen) and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request. HEadlines MEES/Property Acquisition Don’t MEES around
with new regulations Nick Miles of Hughes Ellard.
According to industry research, 20% of be made that pay for themselves in Commercial property commercial buildings could be in the energy savings within seven years. landlords must ‘green’ worst-performing F and G brackets, “However, landlords in breach of any sub-standard contributing to greenhouse gas MEES from April 1st face substantial emissions. properties for leasing. penalties, from £5,000 to £150,000.” Nick Miles, as associate director, leads According to the Intergovernmental Hughes Ellard’s building consultancy Panel on Climate Change, “the built Landlords of commercial arm. environment holds the greatest properties must bring any He said: “Landlords and investors need opportunity for cost-effective energy-inefficient buildings to make remedial action a New Year’s emissions mitigation of any sector”. up to scratch if they want resolution if they are serious about All buildings – commercial and to let space. letting energy-inefficient commercial residential – have Energy Performance space after April 1st. New ‘MEES’ rules come into force from Certificates (EPC), with A being the April 1 2018, meaning a sub-standard “There are just weeks left to bring most energy efficient and G the worst property cannot be let, or a lease affected properties up to scratch.” for our environment. renewed, unless improvement works He added: “The aim of MEES is laudable Part of Hughes Ellard’s building bring it up to an energy rating of E or as government figures show that consultancy remit is to provide above. commercial property contributes to just tailor-made energy efficiency MEES stands for Minimum Energy under a fifth of all UK carbon emissions. plans for landlords, including Efficiency Standard regulations, “From a financial point of view, landlords EPC rating modelling based on introduced by the EU to help combat may not be hit as badly as they may global warming. first think – improvements only need to various improvements.
A guiding way through building acquisition and ownership Property acquisition can be We undertake building surveys • Dilapidations Advice - Helping both costly and complex, independently or through the to untangle landlord and tenant giving rise to financial and co-ordination of external consultants disputes at lease end where a multi-disciplinary approach is operational risk. • Development Monitoring - required. This can include validation Safeguarding banking clients At Hughes Ellard, our tests to M+E services, below ground providing finance for new experienced chartered drainage surveillance and materials developments building surveyors assist testing. The findings are collated clients through the into one report, giving you a fully • Project Management & due diligence process, comprehensive account through a single Contract Administration - offering advice not only point of reference. Helping achieve value for money on a building’s physical In this way, clients are able to identify through effective project delivery any emerging risk, enabling them condition, but also on wider • Defect Analysis and Repairs to make an informed decision on considerations, including Advice - Applying technical proceeding with purchase – or use as a mechanical and electrical thinking to diagnose and resolve negotiation tool. services, health & safety, building defects sustainability, legislation, Our expertise covers: • Reinstatement Cost occupational issues • Schedules of Condition – Helping Assessments for Insurance and future maintenance to protect and limit future repair and Purposes - Helping accurately to requirements. reinstatement liabilities at lease expiry estimate the cost of rebuilding.
25 HEadlines Improving Your Health Plants Reduce Absenteeism Now that I have your attention NASA was the first organisation to their own health more optimistically’ perhaps I should elaborate. I am study houseplants as a means of (Dr Bringslimark). not a horticulturalist and will purifying air. Their study showed that In addition, a study in 2010 by readily admit that I am no Alan plants filter out VOC’s from the air Dr Margaret Burchett found that plants Titchmarsh, but I was intrigued reducing Sick Building Syndrome. reduced stress by as much as 50% when I heard that sweeping whereas in a control group with no statement so decided to take a It is estimated that plants, stress levels rose by 20%. closer look. one plant can clean Plants also help reduce noise in an We have all heard of Sick Building around 30 sq m of air office environment. The body of the Syndrome and no, it is not just the plant absorbs sounds as well as Monday morning feeling carrying on And so to the reduction in absenteeism. deflecting noise. Plants can be used until Friday. It does exist. Research has In 2011, environmental psychology as a sound barrier. shown that an office may be up to 10 expert, Dr Tina Bringslimark of the The Landscape Contractors of America times more polluted than the outside air. Norwegian University of Life Sciences claim that ‘proper selection and Not only are we breathing out carbon and Uppsala University, Sweden, replacement of plants can lower heating dioxide but toxins found in building studied how pot plants in the office and cooling costs by as much as 20%’. materials and other products can affect employees. become concentrated inside modern Studies across 3 separate offices with So there you have it. Amazing what sealed buildings. These toxins (Volatile differing amounts of greenery visible a throw away comment can do to an Organic Compounds or VOC) can cause from workers desks found that the more inquisitive Facilities Manager at an headaches, runny nose, asthma, fatigue, plants (greenery) that workers could see FM event who is always interested in dry skin and dry throat. from their desks reduced the amount of odd facts and figures. Want to know more or want a quick investigation So making sure the air conditioning and sick leave they took. into other aspects of buildings and fresh air supply work is paramount to An explanation taken from that study how they operate? Just ask Graham the office environment but plants can said that ‘people believe plants to be Nash MBIFM at Hughes Ellard. play their part too. healthier and are likely to evaluate Cycle to Work? That marmite moment. So what is the implication for Most of us can ride a the facility manager? increase in cycling is likely to be bicycle, but how many of Providing bicycle racks is an easy greater than the projections given. us really like to or want end game. But how many should be We all want a cleaner and better provided? Cycling to work (or as a to? Especially to work? environment but at what cost? leisure activity) causes more than Are you a MAMIL (or Greater cycle use places different just needing somewhere to leave the equivalent)? pressure on the end location. bicycle that is safe and secure: It is a simple statistic. According If planning a Business Park, should • A drying room (it does rain to the Department of Transport, these be communal, after all the car occasionally in the UK after all). park is generally provided centrally bicycle traffic in the UK has risen in a business park, so why not from 2.5 billion in 1993 to 3.5 • Cycling being a physical activity these items as well? billion in 2016 (quoted recently in means that a shower at the end FMWorld). of the route (the place of work in a Can the building accommodate any changes? If new build, then So what are the implications for commute) is a must. make sure the provision can be building design and management • Storage for other items – lockers for implemented. as a result? The Government helmet/loose equipment or even your The Facilities (or Asset/Building) wants even more cycle usage, for towel and shower cosmetics. example doubling the number of Manager, should have an input from • All issues to consider and how to day one. After all they will need to daily commutes into London from relocate provision. sort it out eventually! 155,000 in 2011 (latest census figures) to double that by 2025. Providing Central and Local It is beyond marmite and into the This in part, is an attempt to Government facilitate more realms of building operation, design reduce road congestion and also opportunities for cycling to work, as and on-going regulations. better able to meet environmental opposed to just a leisure activity (road Want more advice? Hughes pollution levels going forward. use, cycle paths, etc.) and masterplans Ellard has a dedicated Facilities A laudable aim. create better cycling routes, then the Manager. Just ask.
26 HEadlines Current Property Listings
Property Town Tenure Sector Size (sq ft) Range (sq ft) Rent pa/ Price (£) psf (£)
Vanbrugh House Hedge End To Let Offices 6,325 3,000 - 6,325 21
4500 Parkway Fareham To Let Offices 5,237 16
Langstone Technology Park Havant To Let Offices 9,000 2,500 - 9,000 14.5
Frobisher House Southampton To Let Offices 24,000 5,000 - 24,000 8.5
Norwich House Southampton To Let Offices 4,735 POA
The Connect Centre Portsmouth To Let Offices 40,000 300 - 6,000 12.5
Forum 4 Fareham To Let Offices 25,257 7,963 - 25,257 19.5
Forum 5 Fareham To Let Offices 34,427 17,207 - 34,427 19.5
9 Wellington Way Waterlooville To Let Retail 751 15,750
Palmerston Business Park Fareham To Let Warehouse & Industrial 2,296 470 - 2,296 POA
12 The Montague Centre Worthing To Let Retail 1,375 45,000
Locks Heath Shopping Centre Southampton To Let Retail 5,000 1,000 - 5,000 POA
Churchill Parade Rustington To Let Retail 2,500 500 - 2,500 POA
Chilcomb Park Winchester For Sale Offices 89,000 10,000 - 89,000 POA To Let
Fulcrum 6 & 7 Fareham For Sale Land & New Build 70,000 14,000 - 70,000 POA To Let
20A The Sovereign Centre Boscombe To Let Retail 1,476 13000
The Teardrop Portsmouth For Sale Warehouse & Industrial, 100,000 20,000 - 100,000 POA To Let Land & New Build
1 Troon House Fareham Under Offices 1,735.1 25,500 Offer
The Sovereign Centre Boscombe To Let Retail 45,209 600 - 1,500
2 The Sovereign Centre Boscombe To Let Retail 1,044 22,500
3 Lancaster Court Fareham To Let Offices 14,718 2,500 - 14,718
5 The Sovereign Centre Boscombe To Let Retail 612 25,000
3 The Sovereign Centre Boscombe To Let Retail 1,128 25,000
Rams Walk Shopping Petersfield To Let Retail 2,000 500 - 2,000
Buckmore Park Petersfield To Let Offices, Retail, 9,000 2,000 - 9,000 Warehouse & Industrial D1 (Medical/Education) Trade Counter/Showroom
Solent House Fareham To Let Offices 6,000 2,500 - 3,500 52,800 1460 Parkway (Top Floor)
SU27-29 Meridian Centre Havant To Let Offices, Retail 5,705 34,500
248-250 White Hart Lane Fareham To Let Retail 898 15,000
Unit 3 Southdown View Portsmouth To Let Retail 3,012
Unit 14 St Georges Business Portsmouth To Let Offices 523 12,000 Centre
SU32B Meridian Centre Havant To Let Retail 620 7,000
Suite 1 Port View One Port Way Portsmouth To Let Offices 40,000 6,000 - 7,000 17. 5
100 Nest Business Park Havant To Let Offices 3,947 49,500
200/250 Nest Business Park Havant To Let Offices, 8,303 70,000 Warehouse & Industrial
Arena Business Centre Fareham To Let Offices 3,000 140 - 3,000
27 HEadlines Current Property Listings
Property Town Tenure Sector Size (sq ft) Range (sq ft) Rent pa/ Price (£) psf (£)
Arena Business Centre Southampton To Let Offices 5,000 192 - 5,000
Ground Floor, Unit 4 Fareham Under Offices, 927 9,270 Oaklands Business Centre Offer D1 (Medical/Education)
Whittington House Fareham To Let Offices, Retail 618 8,500
Faretec Fareham To Let Offices 785 17
16 Arundel Street Portsmouth To Let Retail 880 25,000
24 Arundel Street Portsmouth To Let Retail 664 25,000
Shore House Portsmouth To Let Offices 10,320 4,450 - 10,320 16
8a Carlton Crescent Southampton To Let Offices 1,211 471 - 1,692 11
SU25 Meridian Centre Havant To Let Retail 679 5,000
Centenary Quay Southampton To Let Retail, Leisure 3,659 580 - 3,659
Unit 4 Sovereign Centre Boscombe To Let Retail 948 27,500
10 The Montague Centre Worthing To Let Retail 1,160 42,500
34 Wellington Way Waterlooville To Let Retail 682 11,500
22 Kings Park House Southampton To Let Offices 4,252 21
Unit 87 (48 Thackeray Mall) Fareham To Let Retail, Restaurant 1,636
Unit 76 53 Osborn Mall Fareham To Let Retail 1,302 15,000
Unit 67-68 Westbury Mall Fareham To Let Retail 3,649
Charlotte Place Southampton To Let Offices 17,242 5,519 - 17,242 18.5
Furniss Business Centre Havant For Sale Warehouse & Industrial 1,500 1,000 - 3,000 To Let
Fusion - Solent Business Park Fareham To Let Offices 24,213 4,500 - 24,213 18.75
Units 1 & 2 The Montague Centre Worthing To Let Retail 2,834 150,000
Suite 26-32 Langstone Havant To Let Offices 2,354 Technology Park
Suite 26-17 Langstone Havant To Let Offices 4,711 Technology Park
Suite 26-27 Langstone Havant To Let Offices 3,193 Technology Park
Suite 26-30 Langstone Havant To Let Offices 3,233 Technology Park
Templar’s House Chandlers To Let Offices 10,959 5,312 - 10,959 18 Ford
Unit 69 Westbury Mall Fareham To Let Retail 1,281
Ground Floor 2000 Lakeside Portsmouth To Let Offices, Labs, R&D 36,682 10,000 - 36,682 20
Unit 1 Zurich House Portsmouth To Let Retail 2,006 30,000
Fareham Shopping Centre Fareham To Let Retail 10,473 1,636 - 10,473
Modern Offices - Fareham To Let Offices 3,850 Arena Business Centre
1000/4N Langstone Technology Havant To Let Offices 3,307 Park
1000/4SW Langstone Havant To Let Offices 6,068 Technology Park
Brewery Square Dorchester To Let Retail 170,000 657 - 4,127
160B Southampton Road Fareham To Let Retail 11,009 165,000
28 HEadlines Current Property Listings
Property Town Tenure Sector Size (sq ft) Range (sq ft) Rent pa/ Price (£) psf (£)
Unit 26 (1 Westbury Mall) Fareham To Let Retail 1,668 45,000
Building 50 (Unit 1) Havant To Let Warehouse & Industrial 5,165 32,500 Southmoor Lane
The Montague Quarter Worthing To Let Retail 8,160 1,640 - 8,160
Port Solent Portsmouth To Let Retail, Leisure 1,000 - 4,000
97-99 West Street Fareham For Sale Retail, Investments 8706 1,350,000
Unit 15 St Georges Business Portsmouth To Let Offices 469 12,000 Centre
Belvedere Point, Havant To Let Offices 5,328 50,000 1a Alexandria Park Warehouse & Industrial
Berewood - Phase 1 Waterlooville To Let Warehouse & Industrial 200,000 10,000 - 200,000 Land & New Build
Norman House Portsmouth Under Offices 1,919 285 - 1,919 10.5 Offer
15 Havant Business Centre Havant For Sale Warehouse & Industrial 1,302 150,000
Suite C 8th Floor Connect Centre Portsmouth To Let Offices 571 12.5
Suite D 8th Floor Connect Centre Portsmouth To Let Offices 390
95a London Road Waterlooville To Let Retail 1,547 40,000
99 - 101 London Road Waterlooville To Let Retail 2,823 62,500
Storehouse No 9 Portsmouth To Let Offices, Retail 22,162 2,261 - 22,162 Portsmouth Dockyard
The Quay Southampton To Let Offices 4,299 20
Second Floor, Oakmount House Eastleigh To Let Offices 1,800 25,200
Unit 43 City Industrial Park Southampton Under Warehouse & Industrial 5,375 48,375 Offer
Brunswick Gate (First Floor) Southampton To Let Offices 12,138 6,909 - 12,138 21
B1 Mountbatten Business Park Portsmouth To Let Warehouse & Industrial 2,659
1 Dorset Street Southampton To Let Offices 3,223 17,878 - 3,223
Ground Floor 1 Quayside Fareham To Let Offices 1,388 12,000 Commerce Centre
Pure Offices, Port View, Portsmouth To Let Offices - fully serviced 993 130 - 993 Port Solent
29 Marmion Road Southsea Under Retail 1,084 25,000 Offer
Unit 40 The Boardwalk Portsmouth To Let Leisure 4,589 100,000
49/49A (63 West Street) Fareham To Let Retail 2,162 45,000 Fareham Shopping Centre
East Street/Lime Street Southampton To Let Retail 5,000 - 10,000
Building 3600 The Solent Centre Fareham To Let Offices 4,824 1,007 - 4,824 60,632
Second Floor, Building 3500, Fareham To Let Offices 8,248 107,200 The Solent Centre
Part Second Floor, Building Fareham To Let Offices 6,267 81,471 3500, The Solent Centre
Part Second Floor (B), Building Fareham To Let Offices 1,979 27,727 3500, The Solent Centre
First Floor Suite 2, Building 3500, Fareham To Let Offices 3,073 40,000 The Solent Centre
Tagus House Southampton To Let Offices 4,646 19.5
29 HEadlines Current Property Listings
Property Town Tenure Sector Size (sq ft) Range (sq ft) Rent pa/ Price (£) psf (£)
3 & 4 Delta Business Park Fareham To Let Offices 1,098 504 - 1098 12,000
Mayfield Road Southampton Under Retail 2,180 1,085 - 2,180 45,000 Offer
Office 1, Ariadne House, Southampton To Let Offices 3,283 68,943 Town Quay
Office 2, Ariadne House, Southampton To Let Offices 2,913 61,173 Town Quay
Offices ABC, Beresford House, Southampton To Let Offices 3,542 65,527 Town Quay
Britannia Chambers South, Town Southampton To Let Offices 2,288 41,184 Quay
Berewood - Development Site Waterlooville SOLD Warehouse & Industrial, 35 acres Land & New Build
6A Sovereign Shopping Centre Boscombe To Let Retail 318 15,000
Waterside Place - First Floor, Southampton To Let Offices 4,276 5 Town Quay
RU12 Centenary Quay Southampton To Let Retail 957
RU2 Centenary Quay Southampton To Let Retail
104 The Hornet Chichester To Let Offices, Retail 6,150 75,000
8 Market Road Chichester To Let Retail 648 23,500
Unit 27 Palmerston Business Fareham To Let Warehouse & Industrial 2,296 16,500 Park
Second Floor South Suite Southampton To Let Offices 1,927 29,000 Anglo City House
Wellington Gate (Ground Floor Waterlooville To Let Offices 7,500 80,000 Unit D)
South Building Chilcomb Park Winchester To Let Offices 20,943 7,063 - 20,943 25
60-64 Church Walk - Burgess Hill To Let Offices 8,000 1,300 - 8,000 13.75 First Floor Office
Ground Floor Bramble House Fareham To Let Offices 1,363 19,082
Offices - The Martlets Burgess Hill To Let Offices 1,050 350 - 1,050 13.75
Aztec House Fareham Under Warehouse & Industrial 2,595 20,750 Offer
3-6 The Quarterdeck Portsmouth To Let Offices 2,815 42,225
Former PDSA Surgery Southsea Under D1 (Medical / Education) 2,372 250,000 62 Middle Street Offer
14 Pope Street Brewery Square Dorchester To Let Retail 2,057
Blendworth Depot Waterlooville To Let Warehouse & Industrial 2,105 15,500 Blendworth Lane
Suite C 8a Carlton Crescent Southampton To Let Offices 868 8,660
10 Cumberland Place Southampton To Let Offices 4,024 48,000
Retail Unit - 3600 Parkway, Whiteley To Let Offices, Retail 2,033 1,007 - 2,033 17. 5 The Solent Centre
12 Churchill Parade Rustington To Let Retail 1,341
Residual Site - Furniss Way Hayling Island To Let Open Storage Land, 5,000 2,500 - 5,000 D1 (Medical / Education), Land & New Build
Hyde Abbey House, Hyde Street Winchester To Let Offices 6,316 160,000
Willis House Willis Road Portsmouth To Let Offices 2,334 676 - 2,334
30 HEadlines Current Property Listings
Property Town Tenure Sector Size (sq ft) Range (sq ft) Rent pa/ Price (£) psf (£)
8 Old Railway Station, Gosport Gosport To Let Offices 484
Director General’s House Southampton Under Offer Offices 8,722 985 - 8,722 16 Rockstone Place, Southampton
Suite 201 Top Floor Portsmouth To Let Offices 2,525 21 3000 Lakeside, Portsmouth
29A The Sovereign Centre Bournemouth To Let Retail 1,430 42,500
A1 Portfield Industrial Estate Portsmouth To Let Warehouse & Industrial 6,222 59,500
The New Stables Fareham LET Offices - ground floor 2,852 38,500
First Floor Suite 1, Building 3500, Fareham To Let Offices 1,823 23,700 The Solent Centre
Hawksmoor House, Hedge End To Let Offices 16,280 7,730 - 16,280 Botleigh Grange Office Campus
One Olive One Lime Fareham SOLD Office - development site 55,900 25,320 - 55,900 20
Unit 5 Sopwith Park Fareham Under Offer Warehouse & Industrial 20,285 17,385 - 20,285 138,000
Cromwell House Winchester Under Offer Offices 6,344 2,846 - 6,344
119 & 120-122 High Street Southampton For Sale Offices, Warehouse & 0.5 acres 1,700,000 Industrial, Residential, Leisure, Land & New Build
Unit 1 Marshlands Road Portsmouth To Let Warehouse & Industrial 2,116 16,950
First Floor Unit 15 Fulcrum 2 Fareham To Let Offices 3,130 46,950
Fareham Industrial Park Unit 39 Fareham Under Offer Warehouse & Industrial 12,762 6.5
8a Rotherbrook Court Petersfield LET Offices 2,648 39,750
Unit B Mapmakers Southampton Under Offer Retail 1,876
First Floor 4 Belfry House Fareham To Let Offices 1,266 16,500
160 Ordnance Business Park Gosport Under Offer Warehouse & Industrial 2,845 265,000
Former St John Ambulance Hall Lee-on-Solent Under Offer Investments, Residential 1,069 150,000
119 & 120-122 High Street Southampton Under Offer Offices, Warehouse 0.5 acres & Industrial, Leisure, Residential
The New Stables Fareham Under Offer Offices 2,852
Suite 2 Crescent House Eastleigh Under Offer Offices 372
11 Queensway Southampton Under Offer Offices, Residential, 0.18 acres Land & New Build
Unit 16 Dean Farm Estate Fareham Under Offer Offices 8,887
The Bothy, Cams Hall Estate Fareham Under Offer Offices 2,277
10 Rotherbrook Court Petersfield For Sale Office investment 1,376 Let for 260,000 2 years £19,000 pax
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now let 50% to Real Life Advice Modern Office Building - For Sale/To Let &Davies Turner & Co. 1,000 - 5,960 sq ft Two office suites remaining to let - 1,000 sq ft & 2000 sq ft
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.
Waterfront location close to Southampton Comfort cooling & heating Structured network cabling to perimeter trunking Male, female & disabled toilets Suspended ceilings and recessed lighting 25 allocated car parking spaces
26 Compass Point i Ensign Way i Hamble-le-Rice i Southampton i SO31 4RF