A PORTSMOUTH firm has been turning back the clock at the same time as celebrating its quarter-century milestone.
Property consultancy Vail Williams has sewn up a deal involving a little piece of its own history as it marks its 25th year.
The Solent region business space team has brokered the freehold sale of a Grade II listed character property in Fareham’s High Street – the former office of LS Vail and Son, which became Vail Williams.
Vail Williams worked out of the offices in the 1980s, before moving to larger premises at its current base in Port Solent in 1989.
Its continued growth means it will be on the move again in the summer – this time to the 1000 Lakeside building in North Harbour.
The property at 18 High Street was owned by the former partners and beneficiaries of Vail Williams, and has now been sold to a private pension fund.
It was listed in 1955, and dates from the late eighteenth or early nineteenth century.
With the help of its joint agents, Cyan Power, the buyer was secured within a month of the Vail Williams team being instructed to sell the building.
Vail Williams associate Philip Holmes said: ‘It’s a nice moment for us to broker this deal on one of Vail Williams’ former homes, as we celebrate 25 years of property consultancy advice across the Solent region.
‘We’re especially delighted for our client because it’s such a sought-after property.
‘It is perfectly positioned for doing business in Fareham, close to the main shopping area and while the property was sold as offices the building suited alternative uses such as a clinic, or training and educational activities.’
The three-storey office boasts a total floor space of 3,725sq ft, including 1,715sq ft on the ground floor.
It is in the High Street conservation area and has 11 on-site parking spaces for staff and a landscaped garden and patio area.