Joanne High
Associate | Head of Commercial Agency
Plymouth office,
Tel: 01752 234123Mob: 07525 984443
jhigh@vickeryholman.com
Commercial Sales, Lettings & Acquisitions
Vickery Holman is a leading commercial, development and investment property agency covering the South West, helping clients buy, sell and let commercial property from Land’s End to Bristol. Our ethos is that we do what it takes to make deals happen, whether that involves identifying opportunities to add value, ensuring lease terms are as robust as possible, managing complex agreements with multiple partners or driving the marketing campaign to ensure the best conclusion.
Are you looking to sell or buy commercial property?
Do you want to rent or let a property?
Are you looking to work with an established PAI member?
Commercial Property Agents
We have a team of experienced and proactive commercial property agents who work closely with their clients to ensure that we help owners optimise the returns on their investments and to help occupiers get the best value from a deal. Our property agents are based in Truro, Plymouth, Exeter and Bristol and have extensive local knowledge about market rents and values – essential for our commercial property consultancy work.
When you appoint us to sell or let your premises, we will use our market knowledge to find interested parties for your property. We oversee the process from start to finish, negotiating the best sale or lease terms and progressing the matter through to completion as quickly as possible.
Potential tenants and buyers also benefit from our regional and local knowledge and we can search the market on your behalf to identify opportunities for you. Our ability to negotiate the best lease terms or sale price is one of our core strengths and something we take pride in, as it regularly saves clients time and money.
We have a specialist Development team who work with clients to sell or buy land, and help clients to navigate the development process.
We also have a specialist Investment team making sure that clients have access to the best advice on strengthening their property portfolio and market conditions.
Get in touch to find out how we can help you achieve your commercial property ambitions.
Frequently Asked Questions
How do I get a valuation on my property?
We have over 20 RICS Valuers based all over the South West with in depth local knowledge of market values. Putting a value on commercial property is more complicated than valuing residential property. To find out more about valuation, please click here. To get a valuation on your commercial property, please contact one of our offices and we’ll put you in touch with the best person to help you.
How long does it take to sell a property?
The commercial market depends on the area and the local supply and demand. Properties that are priced appropriately, in a good location and in good condition can sell quickly. Generally, it can take anything from a few weeks to a year depending on the local market. We will work with you to achieve the best result for you in terms of speed and price.
What should I consider when buying a commercial property?
There are a number of considerations when buying a commercial property. We could advise you get the property surveyed, and we have a Building Surveying team that can assist you. Do your research about the location, market values, transport links, other developments in the area and planning restrictions. Have the contract checked carefully and use a commercial property lawyer. Check the Rateable Value (RV) as business rates can be a considerable cost. We have a Business Rates team who are very good at checking and challenging RVs.
What’s the market like for commercial property?
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What is a good return on a commercial property?
Typically investors see 5 – 10% return on commercial property, which is much higher than residential property yields. There are a variety of situations in the commercial property market which impacts the return, for example when investors are looking for secure long term income. For more detailed information on market conditions and returns, please talk to one of our agents.
Valuation vs market appraisal?
Market appraisals give a seller an idea of what a property might fetch on the market whereas valuations are more formal. A valuation must be carried out by an RICS Registered Valuer following strict professional guidelines. Valuations generally look backwards at what has sold or let, whereas market appraisals look forward to what something might sell or let at. When undertaking a market appraisal we use our knowledge of what the market is looking for to provide our advice.
Do I need an EPC?
The majority of properties will require an EPC when being let or sold. There are some exceptions and further information can be found here.
From 1st April 2025 all let properties will require an EPC. In order to let a property the rating has to be an E or above. However from 1st April 2027 that will be a C and from 1st April 2030 it will need to be a B.
Recent Success
Plymouth
Address
24/28 Mannamead Road, Plymouth.
Size
4,211 sq ft over 4 floors
Asking Price
£295,000
Comments
Sold to an investor who has obtained planning permission to convert the upper floors to residential.
Recent Success
Plymouth
Address
45 Regent Street, Plymouth
Size
9,399 sq ft
Asking Rent
£34,750 pax
Lease Length
3 years
Comments
Short term letting to generate income whilst our client considers plans to redevelop the site. Let to a well-establshed local company.
Recent Success
Exeter
Address
43 – 45 High Street, Exeter
Size
Ground Floor approx. 1,583 sq ft (plus FF storage approx. 1,871 sq ft) = 3,454 sq ft
Achieved Rent
Confidential but in line with market values.
Comments
Prime shop in Exeter that hadn’t been occupied since the Royal Clarence fire in 2016. Our client bought the property with Vacant possession and refurbished to a white box specification. VH let the property within 3 months of marketing.
Recent Success
Near Truro
Address
Land at Threemilestone
Size
3 acres
Price
Confidential
Comments
The site comprises approximately 3 acres of previously undeveloped residential land on the outskirts of Truro at Threemilestone, which was sold with planning consent for a mix of 17 open market and affordable homes to developers Gilbert & Goode.
Any questions? Call us
Our experienced team is ready to assist with unparalleled regional advice
TRURO
Tel: 01872 245600
PLYMOUTH
Tel: 01752 261811
EXETER
Tel: 01392 203010
BRISTOL
Tel: 0117 428 6555
The Team for Commercial Sales, Lettings & Acquisitions
Case studies for Commercial Sales, Lettings & Acquisitions
What Is Property Acquisition? Commercial property accounts for an estimated 13% of buildings in the United Kingdom. Commercial properties are constantly changing hands through the process of acquisition. Property acquisition refers to the process of gaining ownership or rights over a real estate property. The rules of acquisition of any given property may vary from […]
Foliot House, Budshead Road at Crownhill is a 12,500 sq ft office building on a business park in a residential area. It was previously let to The Skills Funding Agency, and once they vacated it was placed on the market to let or for sale. The asking price was £1,175,000. The property was sold to a […]
Vickery Holman are pleased to announce a recent office letting at Envoy House which yet again sees the popular building fully occupied. Located on Longbridge Road at Marsh Mills in Plymouth, the prestigious building benefits from an excellent car parking provision and immediate access onto the A38. The building is home to Morgan Sindall, Jelf, […]
Vickery Holman successfully tendered for this strategic review of college assets and were appointed by Cornwall College. Alan Treloar was lead contact with the College with the instructions then dealt with by each of Vickery Holman’s 3 local offices, as appropriate. Vickery Holman advised on values, compiled and implemented marketing strategies, and negotiated with prospective […]
Commercial property investment opportunities in Devon Active investors targeted Plymouth offices on the advice of Vickery Holman’s Investment Department. The commercial property investment market is a specialised area and a lot of the best deals are all about timing. At the beginning of 2015 the office market was still struggling and not popular with investors. […]
Vickery Holman have recently completed two offices to let at GA House which now sees the building fully occupied. Offices to let The prestigious office building which is located at 26 Lockyer Street in Plymouth City Centre is home to GA Solicitors, Jelf, McCaren Architects and surveyors Vickery Holman, as well as the newly opened […]
