ACQUIRED FOR ROTHERHILL DEVELOPMENTS – 8,000FT² PURCHASED ON 1 ACRE SITE
An industrial unit in Nottinghamshire has been acquired by Tim Gilbertson on behalf of Rotherhill Developments. The unit was marketed by Rob Haigh of Lambert Smith Hampton.
Tim Gilbertson, Director of FHP acted on behalf of long term clients Rotherhill in swiftly identifying the opportunity and concluding the purchase. He commented:
“This was a rare opportunity to purchase a standalone unit with a substantial and secure yard, ideally situated for access the M1 motorway”.
The acquisition was overseen by Ed Jeffery, development manager at Rotherhill. Ed commented:
“This is a strategic purchase providing a number of opportunities which we are currently progressing. The property has required clearance and partial demolition ahead of refurbishment, with further expansion being considered. Full details to be announced in the near future, but our thanks to all parties involved and to Tim in particular for bringing this to our attention.”
Tim Gilbertson concluded by adding:
“I was delighted to acquire this opportunity for Rotherhill, on whose behalf we have had terrific success recently acquiring and disposing of space from as little at 1,500ft² up to 70,000ft². They are very active in the market and this was a great deal for all concerned, evidenced by the speed with which the transaction was agreed and then completed. We look forward to announcing further plans for the unit and site in the near future.”