Tuesday, 29 July 2014

10c Chapel Street Petersfield

A very well located shop, situated adjacent to the Swan Street car park has recently let to Jacksons of Petersfield.

Jacksons who were formerly based in Lavant Street for some 8 years have relocated their showroom to the new premises to continue their well established fitted kitchen business.

Stuart Mitchell, Director at Holloway Iliffe & Mitchell comments
“The property has a very good passing foot flow from Swan Street car park into Chapel Street and offers excellent showroom accommodation. We were able to let the property simultaneously with the previous tenant vacating”

“We have other properties in Petersfield which are attracting good interest and continue our letting and sales activity in the town”.


Friday, 25 July 2014

Admiral House 67 High Street Fareham Hampshire

20 years ago we sold the above property to the then purchaser Fareport Training. 20 years later, in June 2014, Stuart Mitchell, Director of Holloway Iliffe & Mitchell has sold the property for Fareport Training who are relocating to other premises they hold in Fareham and Gosport.

The property, a very attractive period building set over 3 floors with basement and attracted an immense amount of interest from developers and owner / occupiers.

Stuart Mitchell reports “we are very pleased to sell the property to an occupier who is going to convert the property back to a house, and sensitively restore this Grade II Listed building. It was a great pleasure to once again deal with Fareport Training having sold them the premises 20 years earlier. The property was sold close to the asking price of £500,000”

Mick Reeve from Fareport Training said
“We were sad to leave the High Street as Admiral House is such a beautiful building, but we had out grown the premises and now operating from our other two sites. We were glad to see it is returning to a house once again in keeping with the High Street. We would like to thank Stuart Mitchell once again for the professional way the sale was handled”.

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

Friday, 20 June 2014

Woodley House offers HI&M first Berkshire Management Instruction

Holloway Iliffe & Mitchell has been instructed to deal with the asset management of a popular district shopping parade and offices in Woodley, just outside Reading.
The freehold investment of Woodley House, with tenants including Nationwide Building Society, Clarkes Shoes and Costa Coffee was recently acquired reflecting a net initial yield of approximately 10%.
The commercial property consultants will now work with their long-standing client, Weybridge-based The Malins Group, on a strategic review of the property and will take on full management including rent collection and service charge administration, along with rent review and lease renewal work.
Lauren Atkins, managing director of The Malins Group commented: “We were very pleased to acquire Woodley House. The building has a prime position, located opposite Waitrose, within the pedestrianised area. We relied on advice from Holloway Iliffe & Mitchell and they also assisted us in planning our strategy for its future use.”
Holloway Iliffe & Mitchell’s Director, Stuart Mitchell said: “We are delighted that The Malins Group has chosen us again to oversee not only their ongoing general day-to-day management tasks, but also to advise on their wider property strategy.”
“The popularity of the building is evidenced by the fact that it is nearly fully let so our immediate priority will be general management issues. By instructing us, we can remove the complexities from the client that a management instruction can bring. In the longer term, we will seek to maintain the excellent tenant profile and look at asset management opportunities for our client. ”

Monday, 19 May 2014

City Centre Office offers best of Old and New

Acting on the instructions of DLS Developments, Holloway Iliffe & Mitchell and joint agent Warwick Martel have been instructed to let 17 Carlton Crescent, Southampton.

In recent times No 17 was used for many years as Barristers Chambers and most recently has been occupied by a well known public relations company who undertook a comprehensive refurbishment to create a number of open plan areas and a contemporary modern look.

The building, built in 1830 as a house, has three storeys with basement and occupies a prominent location in the heart of Southampton’s main professional business district, within 5 minutes’ walk of the city’s Law Courts. 

Other occupiers in Carlton Crescent include Handelsbanken, Eric Robinson Solicitors, insolvency practitioners Begbies Traynor & recruitment consultants Cluett Reeve.

The premises are available to let on a new lease, on terms to be agreed, at a quoting rent of £38,000 per annum, exclusive with the benefit of parking for up to 20 cars at the front and rear of the property.

Major Clarke used to live in the terrace, and in 1861 while at the Ordnance Survey in Southampton, employed as a geodesist, made calculations that were adopted as the first widely accepted modern values of the size and shape of the Earth.  

Craig Powell, Associate Director who deals with Southampton commercial property at Holloway Iliffe & Mitchell commented:

“It isn’t often that you find a city centre office with generous parking, period features and fitted out in a modern contemporary style, it would perfectly suit a local technology, media or telecommunications business”