Monday, 3 August 2015

Unit 1 The Clock House Waterlooville

South Coast property consultant Holloway Iliffe & Mitchell has recently completed the letting of Unit 1 The Clock House to Warren Southsea Limited, trading as Belvoir Lettings which, following change of use permission being granted, plan to relocate from their existing unit to a more prominent location.

The Estate Agents have taken a new 6-year lease on the 2,447 sq ft retail unit, which is located in a prominent position on London Road, in the heart of Waterlooville town centre and benefits from excellent road links to the A3 (M) and the M27. The property also has good levels of passing foot flow through being situated within the pedestrianised precinct

Commenting on the transaction, Luke Mort, Commercial Agent at Chartered Surveyors Holloway, Iliffe & Mitchell said:
“At present there are a substantial amount of empty properties in Waterlooville that have remained vacant for a long period of time, which we were keen to avoid. This was achieved through ensuring that the terms agreed were in line with current market conditions.”

Holloway Iliffe & Mitchell remain very active in the commercial property sector, in Cosham and along the South Coast and seek new instructions to satisfy their active applicant database.


Friday, 24 July 2015

Tall Ships Youth Trust Take Remaining Space at The Tanneries

The UK’s oldest and largest sail training charity for young people, The Tall Ships Youth Trust, has taken the last remaining unit at The Tanneries, the increasingly popular industrial estate on Brockhampton Lane, Havant.

The Trust has signed a new three year lease on the 1,022 sq ft storage unit to use as its main sail storage facility, thus enabling it to keep all its sails in one place over the winter months or when not in use.

The Tanneries industrial estate is owned by SR Properties Nationwide Ltd which has invested considerably in the estate since acquiring it five years ago.  Improvements have included resurfacing the car park and estate roads, installation of CCTV cameras and recently, replacing the original asbestos cement roof on 15 units with modern profiled and insulated composite sheet cladding. 

Commenting on this latest transaction, Peter Dalby, Holloway Iliffe & Mitchell Associate Director said: “We have managed the site on behalf of the SR Properties for four years. In that time we have overseen substantial upgrading works which have resulted in cost savings for existing tenants as well as attracting a number of new businesses including Tall Ships and the estate is now fully occupied.” 

Tim Law, Tall Ships’ Marketing and Operations Director, said “It’s great to be able to consolidate all our storage into one single unit. The size and the location of The Tanneries is ideal for us.”


Thursday, 16 July 2015

Jungle Hall, 28-40 Lake Road, Portsmouth

Holloway Iliffe & Mitchell are pleased to report the sale of the former Masonic Hall at 28-40 Lake Road, Portsmouth. The ground floor indoor play centre with upper parts was bought by a private purchaser for an undisclosed amount. 

The partially refurbished premises are situated in the centre of Portsmouth in a prominent position at the western end of Lake Road, on the junction to the pedestrian area of Commercial Road where many major retailers are located.

Commenting on the sale, Luke Mort, Commercial Agent at Chartered Surveyors Holloway, Iliffe & Mitchell said:
“The sale follows an influx of sales completed in Portsmouth and surrounding areas over the last 12 to 18 months. The site has generated a substantial amount of interest from a variety of development angles but is expected to be developed to student accommodation, to assist with the current shortfall.”

Holloway Iliffe & Mitchell remain very active in the commercial property sector, in Cosham and along the South Coast and seek new instructions to satisfy their active applicant database.

Friday, 10 July 2015

Holloway Iliffe & Mitchell Secures Broadwalk for New Casa Brasil Restaurant

David Hall, Casa Brasil (Left) Tom Holloway, Holloway Iliffe & Mitchell (Right)
Acting on behalf of Casa Brasil Restaurants, Holloway Iliffe & Mitchell has secured a new site for the restaurant chain as it opens its third Brazilian Rodizio dining experience in Portsmouth.

Just two years ago Casa Brasil opened its first restaurant in Southampton; a year later it opened a second in Bournemouth, and has now opened its third at 44-45 The Boardwalk, Port Solent. Casa Brasil has taken a new 20 year lease on the 5,500 sq ft unit which includes part of the first floor terrace for al fresco dining. The new restaurant has been fitted out in the same style as its sister restaurants, but with some exciting new unique features.

Holloway Iliffe & Mitchell Director Tom Holloway comments: “Port Solent has become an increasingly popular south coast destination and a great new location for Casa Brasil. As one of the region’s premier leisure and marine sites, Port Solent has seen increasing levels of occupier enquiries as economic confidence has continued to build.”
David Hall of Casa Brasil added: ”The last three years have been a very exciting time for us and getting our third restaurant open is another key milestone in Casa Brasil’s development. Having had a lot of support at our other restaurants in Southampton and Bournemouth, we are looking forward to a great summer’s trading at Port Solent.”
Hughes Ellard acted for CBRE Global Investors.