Property Review & Solutions

Transcription

1 Summer 2017 Property Review & Solutions HurstWarne Chartered Surveyors and Commercial Property Consultants Property Review & Solutions Form 1 Hook Hampshire RG27 9UP 6,000 to 47,000 sq ft (557 to 4,366 sq m) Our Property Review & Solutions brochure provides a selection of available properties from our extensive portfolio of office and warehouse stock. Furthermore, you will find commentary on topical commercial property matters and case studies showcasing current projects. Hurst Warne can assist you and your business Hurst Warne is a long established regional Commercial Property Practice operating from four regional offices in Fleet, Leatherhead, Woking and Redhill. We cover the key commercial property markets of Hampshire, Surrey, Berkshire, West Kent and South West M25. Local knowledge, regional coverage and direct personal service at director level is available. We provide a dedicated agency team of eight, spread between four offices. Our professional surveying services include rent review negotiations, lease renewals, business rates advice and valuations. Hurst Warne has a team of twelve staff in their property management department who currently manage a portfolio of properties around the UK worth over 450 million. Follow us on

2 Office Solutions For comprehensive listings please visit EGHAM 65 High Street Egham Surrey TW20 9EY 12,233 sq ft (1,136.57)) Call Self contained refurbished office building Town centre location 100 metres from railway station Suspended ceiling and recessed lighting 51 parking spaces CAMBERLEY Theta Lyon Way Camberley Surrey GU16 7ER 4,100 to 13,200 sq ft (381 to 1,226 sq m) Call Newly decorated throughout Full access raised floors with new carpeting New LED lighting Parking at 1:191 sq ft Air-conditioning Impressive reception/entrance area WOKING Call No 2 Wells Court Woking Surrey GU21 5UB 4,715 to 16,375 sq ft (438 to 1,521 sq m) WEYBRIDGE Call Egerton House Baker Street Surrey KT13 8AL 7,728 to 9,255 sq ft (718 to 860 sq m) Regent House Redhill Surrey RH1 1QT 1,801 to 28,490 sq ft (167 to 2,647 sq m) WOKING Call nd Floor Hollywood House Woking Surrey GU21 6HJ 9,615 sq ft (893 sq m) FLEET Call Fleet 27 Ancells Business Park Fleet Hampshire GU51 2QQ 8,400 to 17,964 sq ft (780 to 1,669 sq m) LEATHERHEAD Call Russell House Regent Park Leatherhead Surrey KT22 7LU 10,484 sq ft (974 sq m) WOKING Call Unit 1 Genesis Business Park Woking Surrey GU21 5RW 16,996 to 34,075 sq ft (1,579 to 3,166 sq m) Red Central Redhill Surrey RH1 1NY 2,505 sq ft (233 sq m) ESHER Call Unit D Thames Mews Esher Surrey KT10 9AD 2,520 sq ft (234 sq m)

3 Industrial / Warehouse Solutions For comprehensive listings please visit FARNBOROUGH Unit 6 Evolution Farnborough Hants GU14 8EH 7,782 sq ft (723 sq m) Call m clear internal height Recessed electric loading doors 37.5Kn sq m minimum floor loading 15% warehouse roof lights First floor mezzanines for storage or fitting out WEYBRIDGE Unit A302 Vickers Drive North Weybridge, Surrey, KT13 0YU 11,042 sq ft (1,026 sq m) Call m min eaves Loading door Gas-fired blower heaters Warehouse lighting 3-phase power ALDERSHOT Call Unit 1 Springlakes Industrial Estate Aldershot Hampshire GU12 4UH UNDER OFFER 11,450 sq ft (1,065sq m) GUILDFORD Call Genesis House Guildford Surrey GU4 7BN Extremely Well Fitted Business Unit 8,553 sq ft (795 sq m) FRIMLEY Call Unit 1F Albany Park Frimley Surrey GU16 7PB 15,238 sq ft (1,416 sq m) Unit 7 io Centre Redhill Surrey RH1 5GJ 6,181 sq ft (574 sq m) CROWTHORNE Call Crowthorne House Nine Mile Ride Crowthorne Berkshire, RG40 3GA A mix of warehouse, office and lab space 5,175 to 25,883 sq ft (481 to 2,405 sq m) Unit 9 & 10 io Centre Salfords Surrey RH1 5GJT 5,832 to 14,704 sq ft (542 to 1,366 sq m) GUILDFORD Call *Units 2 & 3 Cobbett Park Guildford Surrey GU2 8YT *indicative of a refurbished unit 9,936 to 19,889 sq ft (923 to 1,848 sq m) MITCHAM Call Unit 17 Willow Lane Business Park Mitcham Surrey CR4 4NA FOR SALE Industrial Investment 8,678 sq ft (806 sq m) BYFLEET Call Unit 6 & 7 Byfleet Technical Centre Byfleet Surrey KT14 7JX 5,147 to 10,294 sq ft (478 to 956 sq m)

4 Our Hurst Warne region remains a hot spot for freehold property Despite the economic uncertainty of Brexit, the appetite for buying freehold commercial property assets of all types remains very positive. Since the Brexit vote last year, Hurst Warne has conducted over 80m of freehold sales and acquisitions for a diverse group of clients. Demand from both investors and occupiers has been strong since the start of All our offi ces, in Woking, Fleet, Redhill and Leatherhead, have reported an increase in demand and spending power from business occupiers looking to purchase their own premises. Industrial and warehouse occupiers continue to represent the most active amongst the various commercial sectors. Industrial and warehouse investments are now seen by most investors as a safe medium/long term asset class and with the usual herd instinct most property funds and investors are fi ghting to buy the best in class in our region. These buyers are now having to compete with the local authorities and, overseas investors who have also entered the market. Hurst Warne have advised on several large investment acquisitions and sales including advising Surrey Heath Borough Council on the acquisition of part of Albany Park Estate, Frimley for 15.25m. Hurst Warne are now retained for letting, asset and property management on the estate. Another area of strong activity for our business has been in the residential land and Office/PD conversion markets. We have advised numerous clients on sales of development land or office buildings for conversion achieving values between 500,000 to 15m, realising prices that have exceeded our client s expectations. On these sales, we have guided our clients through the planning process where consent is required to secure best value. We expect pricing of freehold property to sharpen during the year. If you or your company are looking to sell or buy freehold property, whether it is for occupation, investment or development then we would be pleased to assist you. To discuss our markets more please contact Peter Richards Guildford Commercial investment acquired for clients in an off-market deal Two Freehold Residential Development sites in Redhill available to buy via Hurst Warne The Hurst Warne Redhill office has recently been instructed to sell two key development sites in the Redhill area. The sites are situated on Oakdene Road and Frenches Road and are being sold separately. Both sites provide redevelopment potential, with the most likely end use being residential, subject to the necessary planning permisions being secured. 169 Frenches Road, Redhill, Surrey, RH1 2HZ Site area approximately 0.38 acres Land and buildings suitable for a number of redevelopment uses (subject to the necessary planning permission being successfully secured) Guide price of 1.25 million for the site and buildings Offers for the freehold site and buildings are invited 26 Oakdene Road, Redhill, Surrey RH1 6BT Site area approximately 0.28 acres Former storage site with land suitable for a number of redevelopment uses (subject to the necessary planning permission being successfully secured) Potentially suited towards a high density residential scheme (STP) Offers for the freehold site and buildings are invited For more informaiton on the sites please speak to either Will Gelder or Jessica Bodie from our Redhill office

5 Hurst Warne s Successes Recognised In November 2016, Hurst Warne attended the annual West Surrey Association (WSA) Gala Dinner held at G-Live, Guildford. This annual event incorporates The Surrey Property Awards trophy presentation ceremony and Hurst Warne were delighted to receive the coveted Best Commercial Agent crown. The WSA, established in 1953, is a self-regulating body dedicated to ensuring its members follow best practice and fair play within the property industry. The Surrey Property Awards reinforce the standards upheld by the WSA and encourages best practice through public recognition of excellent service. The winners are decided entirely through public nomination. Mark Leah (Director) who claimed the award said: To receive such recognition is testament to the continued hard work, dedication and professionalism shown by the entire team across our office network. We hope to return in 2017 to emulate this achievement. This was followed in January 2017 by winning the prestigious Estates Gazette: Most Active Agent for Surrey award. The award is judged on the number of successfully completed commercial property sales and lettings (or deals ) secured in the preceding twelve-months. The Estates Gazette is a highly regarded national property publication and its EGi website is the leading property listings website for those seeking business premises. Peter Richards (Director) said: We are delighted to have again secured the award. This reflects our continued prominence within the Surrey commercial property market and above all, our ability to get deals done for clients. Strong Rental and Capital Value Growth in Industrial/Warehouse Property Sector Across our office network we have seen economic principles playing out; supply dwindling and unrelenting demand forcing prices up. Of all the commercial property sectors Hurst Warne operate in, this has been most evident in the warehouse and industrial sector. In the Blackwater Valley alone, we have estimated there is a total of 7 million sq ft built industrial/warehouse stock and vacancy levels are at 5%. Furthermore, with very little new development planned over the short term, there are no immediate signs of the vacancy rate increasing. Such is the demand for freehold and leasehold units, developer Chancerygate, advised by Hurst Warne, sold and let 7 newly developed units in Farnborough totaling 75,000 sq ft within 6 months. Built to a high specification including minimum eaves heights of 8m in the larger units, all but one unit went under offer or sold before practical completion. The units ranged from 3,500 sq ft to 28,000 sq ft. The estate comprises 24 units totaling 12,000 sq ft which are all let. Furthermore, there is a waiting list of over 20 companies. Rents have risen up to 10-15% in the last 12 months and prime warehouse investment yields have dropped from circa 5.5% to sub 5% in many instances as investors see more rental growth on the horizon as well as the sheer weight of money looking for a better return. Furthermore, Hurst Warne s Woking office have currently no industrial/warehouse stock, having successfully disposed of all their instructions. In short, build industrial/warehouse units and occupiers will come. Hurst Warne are retained by Rushmoor Borough Council in capacity of managing agent and letting agent at Belle Vue Enterprise Centre Aldershot. Recent Industrial/Warehouse Investment Sales Building Town/City Date Area AWULT Price NIY CV (sq ft) (break) (psf) Chessington Chessington Sep 16 95, m 4.96% 189 Park Orchard Woking Apr 17 75, m c.4.40% c. 273 Business Park Trackside Byfleet May 17 63, m 5.09% 145 Leatherhead Fleet Redhill

6 Office & Industrial Solutions Leatherhead 323 Kingston Road Leatherhead Surrey KT22 7TU T E leatherhead@ Fleet Victoria House Albert Street Fleet Hampshire GU51 3RJ T E fleet@ Redhill Abbey House 25 Clarendon Road Redhill Surrey RH1 1QZ T E redhill@ Woking 41 Chobham Road Woking Surrey GU21 6JD T E woking@ Our Leatherhead, Fleet, Woking & Redhill regional offices cover Kent, Surrey, Hampshire, Berkshire & the South West M25