News & Deals
Date: October 2012
Pullen Associates has let the former Hythe Snooker club in Hythe Southampton, as a new gym, martial arts and dance centre.
Richard Pullen, Director of Pullen Associates, says that " after the town centre former snooker club closed down the private investors who owned the property came to him to advise on finding a new tenant for the large property. The premises comprised over 6,000 sqft arranged on two floors and was in need of complete refurbishment."
The property is located in the... Read full article
Date: October 2012
The Government has announced its intention to postpone the next business rates revaluation by 2 years from 2015 to 2017. The required bill was laid down before parliament on 18th October.
After staff costs and rent, business rates are the 3rd biggest outgoing for many local businesses. The government has decided to do this in order to provide certainty for businesses going forward and to provide certainty for government tax revenues where the amount of business rates payable increases in... Read full article
Date: September 2012
Pullen Associates have arranged the sale of Osprey House, Romsey, in what is one of the largest owner occupier sales to have been completed in Romsey and the surrounding area for time.
Richard Pullen, Director of Pullen Associates, reports "that the property was sold to an owner occupier who was attracted by many of the features which the building had to offer. The 8,322 sqft (733.13 sqm) office building is located in a quiet location approx 3/4 mile from Romsey town centre and is also close... Read full article
Date: July 2012
Pullen Associates have acquired office accommodation in Black Horse House, Eastleigh for italk. italk is an improving Access to Psychological Therapies (IAPT) Service which is delivered as a partnership between Solent Mind and Southern Health NHS Foundation Trust.
Richard Pullen, Director of Pullen Associates, says that "italk have acquired part of the 1st floor in Black Horse House as an extension to the service's existing 3rd floor accommodation to provide an additional 1,730 sqft of... Read full article
Date: August 2012
At the moment, vacant commercial property is exempt from paying rates for a period of 3 months in respect of offices and shops and 6 months for industrial properties. Thereafter a rates payer has to pay the full business rates bill for that property.
If it is apparent that the property could be vacant for some time, Landlords can however mitigate this liability by re-occupying the property for a minium of 6 weeks, after which the property is vacated again, then a further 3 or 6 months rates... Read full article
Date: August 2012
Acting on behalf of private investors, Pullen Associates have let a shop at 23 Little Minster Street, Winchester on a new lease.
The shop has been let to the award winning artist, Caroline Hall, to establish a studio in her home city of Winchester. Caroline worked as a presenter for the BBC for 15 years and has subsequently made an impressive career as an artist with exhibitions in London and across the UK. The main focus of her abstract work focuses on a fascination with the moving image.... Read full article
Date: June 2012
Acting for a private investor Pullen Associates have let a shop in Cannon Street, Shirley, Southampton as a Polish Supermarket trading as 'Tani Sklep'.
Richard Pullen, Director of Pullen Associates, says 'that the shop comprised a sales area of 2,188 sqft plus a large store room which was offered in the market to let on a new lease at £20,000 pa after the previous business had relocated to larger premises in the city. The shop, which is located close to Shirley High Street and adjacent to... Read full article
Date: April 2012
Richard Pullen of Pullen Associates has worked with the Southampton based charity Mayfield Nurseries in the expansion of their specialist horticultural nurseries. Mayfield Nurseries, a subsidiary of the mental health charity Solent Mind, provides work, training and support for people with severe and enduring mental health problems.
Mayfield Nurseries recently won a grant from the Social Enterprise Investment Fund. This allowed Mayfield Nurseries to enlarge the size of the nurseries;... Read full article
Date: June 2012
Acting on behalf of a private investment consortium, Pullen Associates have sold a retail and residential investment producing a total rental income of £16,940 pa to a London based private investor. The property is situated in a main High Street location in the popular New Forest town of Fordingbridge.
One shop is let to Coral Racing Ltd on a 10 year lease from December 2011 (subject to a 5 year break clause). Richard Pullen, Director of Pullen Associates, says that 'The freehold was... Read full article
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
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