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PLEA FOR

more space

Like so many cities and towns in

the UK, Brighton & Hove have the

major problem of a lack of prime

office space.

Stiles Harold Williams, which

was founded in 1798 and has

branches across the south east,

including Brighton, Crawley and

Croydon, is re-branding as SHW.

Managing Partner, Martin Clark,

said: “Having a strong commercial

management business is a great

advantage for the firm, giving us a

solid foundation”. The firm manages

a commercial portfolio of £1.6 billion

which provides half its annual

turnover of £12 million.

SHW have analysed the current

market in the context of “Brighton

& Hove being a vibrant commercial

city restricted by a lack of new space”.

SHW makes the following points:

There is about 445,920 sq.metres

(4.8 million

sq.ft

.) of office

space in the city of which

13,935 sq.metres (150,000

sq.ft

.)

is vacant, much of which is of

low quality so the real vacancy

rate is near 3%;

Space on the periphery of the

city is vulnerable to residential

conversion;

Planning permission has been

given for 5,574 sq.metres

(60,000

sq.ft

.) of Grade A space

to be built by McAleer & Rushe,

who have already chalked up one

new success with City Viewadjacent to

the railway station. That was the

first speculative scheme in 20

years. Rents for Grade A are

£301.28 a sq.metre (£28 a

sq.ft.

);

Aberdeen Asset Management has

refurbished 3,716 sq.metres

(40,000

sq.ft

.) at Mocatta House,

Trafalgar Place.

SHW’s Emma Hards said: “The office

market in Brighton is strong with a real

variety of occupiers looking for new

space but there is a lack of good quality

offices and if more were available

there are the occupiers to take it”.

What has happened is that

companies like Spaces (the creative

arm of IWG, formerly Regus), have

opened up in the city. Spaces has

opened in the refurbished Mocatta

House. The company’s Richard Morris

commented: “The centre has been

designed to cater to the varying

needs of Brighton’s professionals

and provides a range of space for

meetings, networking and so on”.

NEWS

Trafalgar Place

In the heart of East Sussex near Uckfield, Salmon Harvester has secured

a pre let for a 1,858 sq.metres (20,000 ft) industrial building.

The warehouse has been taken by Gunnebo, a safety equipment supplier,

at Ashdown Business Park, Maresfield on a 15 year lease. The building will be

completed in mid 2018.

Doug Stewart of Salmon Harvester said: “This is an example of our

knowledge of the occupational market combined with our ability to source

first class products off market”. Fraser Whyte and Hoddell Stotesbury Morgan

advised Salmon.

Ashdown Business Park is at the junction of the A272 and A22 providing

links to the coast and south east.

Otterpool Park, Kent is one of

the recipients of a £2.5 million

government fund to underpin the

building of garden towns and

garden villages in the UK.

It is one of a number being built

in the south east in such places as

Didcot, Bicester and Basingstoke.

The aim is to provide 220,000 new

residential units.

The government money is to help

local authorities and communities to

speed up the development process

which will also bring new community,

leisure and commercial schemes.

PUSHING GARDEN

towns and villages

Commercial Property Register

November 2017 - March 2018

www.compropregister.com

6

Otterpool Park

P

roperty

P

rofile

PROPERTY

profile

Salmon

Harvester

LANDS

TENANT

Cummings House, Wotton

Road, Ashford, Kent TN23 6LN

Description:

Detached industrial

premises with offices and yard.

Location:

The property is situated

only 2 miles from Ashford town

centre. Ashford is one of Kent’s

designated growth centres.

Access:

Cummings House is only

1.5 miles from Ashford International

Railway Station and the Channel

Tunnel terminal is 14 miles away.

Junction 10 of the M20 is 3 miles

away. The area has a fine

communications network via the

A20/M20 and mainline railways.

Amenities:

All mains services

T5 Energy Saving Lighting

throughout

Phase 3 Power

Wet radiator gas heating

system to offices

Gas warm air heating to

industrial space

Minimum height to eaves: 12 ft

Side loading access to factory

New CCTV System

New Alarm System

EPC: C (56)

Specification:

13,500

sq.ft

. factory

1,696

sq.ft

. offices

Car park

Terms:

Leasehold - £97,500 pa

Freehold:

Guide Price £975,000

For further details and

viewings, please contact sole

agent: Richard Stafford,

Stafford Perkins 01233 613900

richard@staffordperkins.co.uk