Wheeler and Lai Surveyors

Commercial Property Surveyors on the Isle of Wight

Welcome to Isle of Wight-based and Hampshire-based Wheeler & Lai Chartered Surveyors, we help business occupiers and owners with their commercial property. We're pleased to be here to help you.

Commercial Property Surveyors On The
Isle Of Wight

Welcome to Isle of Wight-based and Hampshire-based Wheeler & Lai Chartered Surveyors, we help business occupiers and owners with their commercial property. We're pleased to be here to help you.

Commercial Property Surveyors On The
Isle Of Wight

Welcome to Isle of Wight-based and Hampshire-based Wheeler & Lai Chartered Surveyors, we help business occupiers and owners with their commercial property. We’re pleased to be here to help you.

Latest Properties

To Buy or Let

39 Charlotte Street, Portsmouth- Freehold for Sale or To Let

Hampshire, PO1 4AH
Freehold opportunity in Portsmouth – ground floor shop with upper floor storage,
To Let

18 West Street, Portchester- Shop to Let

Hampshire, PO16 9UZ
End of Terrace – Corner retail unit within pedestrianised high street location, popular precinct in Portchester.
To Let

1b Elmfield Court, Liphook Road – Ground floor – To Let

Lindford, Bordon, GU35 0QA
Ground floor retail/restaurant/Class E units in local retail parade on prominent Liphook Road, in Lindford, Bordon.

A Refreshing Approach to Commercial Property​

Our firm was founded by Rebecca Wheeler MRICS and Sau-Wan Lai MRICS, who are both enthusiastic professionals with 35 years combined experience in the commercial property sector. We help individuals and businesses across the Isle of Wight and Hampshire.

Lease Renewals & Surrenders

Letting Sales & Acquisitions

Photographic Schedules of Condition

Property Management

Rent Reviews

Valuations

“I can’t thank you enough, as the sale involving a business & flats was not run of the mill (quite the reverse) & having owned the commercial property for over 40 years there was also the emotional tie to factor in. You were there for me every step of the way, sorting out mounds of paper work. Good Luck with your business”​​
Christine C.
Private Individual

Latest News

Isle of Wight Chamber Business Awards 2022 Nominees – a reflection

From application process, submission, shortlisting to the evening itself. Here’s what we did and our journey.

Portsmouth Property Association – Meet the Charities and Webmaster Sau-Wan Lai

Recently, Sau-Wan gave a short presentation to members and the local charities that the Portsmouth Property Association are supporting this year. It was an opportunity to practice public speaking, to meet the charities and for members to find out a little more about what’s been updated on the website and how they can benefit from social media activities.

Success stories – Commercial Property Management

Our commercial property management roles have increased and we are looking after more new clients and their tenants.

Pamodzi Creative – Inspiration Women of Portsmouth Awards – Being an award sponsor 2022.

We are passionate about inspiring and supporting women to achieve their goals and aspirations.  We want to shout about all the incredible women doing amazing things.

Panel Discussions of Women in Property on International Women’s Day at RICS HQ.

Sau-Wan gives her account of her day at RICS HQ on International Women’s Day event.

Completion in Kingston Road, Portsmouth

We are delighted to announce the completion has taken place on a freehold shop that we were marketing for sale in Portsmouth.

Frequently Asked Questions

A chartered commercial surveyor is part of the Royal Institution of Chartered Surveyors (RICS) and we primarily help clients with their commercial property, such as shops, offices, warehouses and industrial buildings.

Commercial surveyors provide invaluable professional advice regarding landlord and tenant matters, lease advisory such as rent reviews and lease renewals, commercial property management, asset management including sales and lettings of commercial property, as well as valuation work.

RICS is short for Royal Institution of Chartered Surveyors which is the professional body that governs the Chartered Surveyors.  Chartered Surveyors must adhere to high professional standards and training, and undertake a vigorous accreditation and testing of competence, to have the designation of MRICS, or the next level FRICS.  There are also now AssocRICS qualifications as a recognition of working to RICS high standards.

This covers the collection of monies from the tenant – including rent, service charge, sinking fund and insurances, as well as managing landlord and tenant relationships, ensuring compliance with lease obligations including periodic review of the building, organising works to communal areas and ensuring peace of mind to the property owners.

It is a series of photographs taken of the property as defined by the lease or the client, usually internal and external views of the property and put into a schedule to attach to the lease. 

A lease with the repair limited by a Photographic Schedule of Condition will record the condition of the property and is attached to the lease prior to completion/signing the lease.

This can assist either a landlord with a dilapidations claim at the end of a lease if your property has been returned in a poorer state than documented in the schedule, or a tenant who can provide proof that the property was in the same if not better condition than when they took it on if they are faced with an unexpected claim.

When you rent business spaces, your lease may have a provision to review the rent you pay at periodic intervals, this is known as the Rent Review Clause. Leases which have longer than 5 years, may have a rent review half way through such as a 6 year review with rent review at the 3rd anniversary, or a 10 year lease with a review at the 5th anniversary. Typically, the lease refers to a Chartered Surveyor who can help by looking at the market and what the rent level at the date of review is.