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.
“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

Lease Renewals & Surrenders

Letting Sales & Acquisitions

Photographic Schedules of Condition

Property Management

Rent Reviews

Valuations

Latest News

Winners of the Isle of Wight Chamber Business Expo 2021 Announced.

Comicoffee takes double unit at The Arcade, Cowes

Our latest deal – with an exciting new letting of retail units to local business Comicoffee and taking on a commercial property management role, in Cowes.

What is commercial property management?

When it comes to owning commercial property that you do not occupy yourself, you will likely have a tenant in the property or tenants if there are several elements. At this point, there will involve commercial property management, even if you look after the property yourself.

Commercial Properties that we have Sold and Let – Recent deals

Latest deals completed on commercial properties in Portsmouth and Waterlooville.

Can commercial property be lived in?

Answering a question we often get asked on commercial property, you’ll be interested to find out the answer.

Freehold Sold – 7a The Square, Petersfield

Freehold property – sale completed in Petersfield, The Square – ground floor shop with 2 bedroom maisonette above.

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.