News & Deals
Date: April 2012
Richard Pullen discusses the management of vacant commercial properties.
Over time vacant properties can fall into disrepair and they may be subject to environmental damage such as vandalism, squatters, fire, theft and flooding. This can result in diminished demand from potential future occupants and falling property values. The cost of returning such properties to marketable condition can run to significant sums. If a vacant property is damaged or vandalised it may be more... Read full article
Date: March 2012
Pullen Associates have been instructed to offer a freehold office building for sale in Romsey. The 8,322 sqft (773 sqm) two storey office building overlooks a quiet braid of the river Test.
The open plan office building has 36 car parking spaces and benefits from many features, including:
Air-conditioning to most areas
Carpeting, suspended ceilings and central heating
Recently redesigned and rebuilt male and female WC's on both floors
High quality Cat 5 cabling with over... Read full article
Date: March 2012
Pullen Associates have sold the freehold of a 685 sq ft (63.64 sqm) industrial unit in Totton Southampton to an owner-occupier for an undisclosed price.
Richard Pullen says that "the unit had been on the market for a number of months with another agent without any success". Having been instructed by the owners to sell the freehold or to let the unit, we received offers from prospective tenants and also freehold purchasers for the unit.
Richard says that "In the end we could have let... Read full article
Date: January 2012
Acting for a private investment company, Pullen Associates have sold a prime A2 retail investment of about 5,000 sqft let to Sequence UK Ltd t/a Fox and Sons. The property is located in London Road, the favoured location for banks, estate agents and building societies and is close to a recently opened Tesco Express.
The property was let at £75,000 pa. Fox and Sons held an 'old-fashioned lease' of the property taken in the early 1960's and the invesment provided some investment management... Read full article
Date: December 2011
Pullen Associate have just been instructed to market a city centre restaurant premises to let on a new lease. Richard Pullen, Director of Pullen Associates says "that the 4,160 sqft (386 sq m) premises are arranged on ground and lower ground floors. The property is located close to Ocean Village in the heart of Southampton, with its numerous apartments and offices and is also adjacent to numerous students halls of residences".
The property is fitted out with numerous features including bar,... Read full article
Date: November 2011
Acting on behalf of private investors, Pullen Associates, jointly with Osmond Brookes have let a shop at 30 London Road Southampton on a new lease.
The shop has been let to Venture Photography, the international portrait photographers with over 55 professional studios in the UK together with 2 studios in Hong Kong and 5 the US.
Richard Pullen, Director of Pullen Associates, says that ‘the shop had been used as a residential estate agency for many years and more recently as a... Read full article
Date: Dec 2011
Pullen Associates has been instructed to offer to let on a new lease Abbey Mill in Winchester city centre.
Richard Pullen, Director of Pullen Associates says that 'this is an exciting opportunity for Winchester as this property is a one-off. It is located overlooking Abbey Park and the High Street. It is a short distance from the Cathedral and has the potenatial for a variety of uses'. The property is about 5,630 sqft [523 sqm] (NIA) wih parking and there is the potential, subject to... Read full article
Date: November 2011
In the current economic climate trading conditions for some bussiness is difficult. More and more tenant's are approaching landlords asking to pay rent monthly rather than quarterly in advance. Should a landlord agree?
Richard Pullen, Director of Pullen Associates, says that 'as a landlord you should be very careful as to what you agree as this can have major implications in the future. Some tenants are clearly struggling and therefore it is in the interest of the landlord to work with... Read full article
Date: November 2011
Pullen Associates has been appointed to manage a property in Andover on behalf of a private investor. The property has been used as medical premises which continues to operate from the property on a new lease.
Subsequent to the purchase of the property, planning permission has been obtained to convert some of the accommodation into two self-contained flats and part of the rear garden has been sold off separately to develop new housing. Having acquired the property, Pullen Associates has... Read full article
Date: September 2011
Richard Pullen, Director of Commercial Property Consultancy Pullen Associates, reports that ‘there have been a number of large office transactions along the M27 corridor so far this year, in an otherwise difficult market. There have been approx 350,000 sqft (3,251 sq m) of office transactions in the Solent Corridor, with 100,000 sqft being let at 1000 Lakeside in North Harbour, Portsmouth.’
“The most recent letting is to Southern Co-Operatives who have taken 17,150 sqft (1,593 sq m) alongside... Read full article
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