FHP ACHIEVE A SECOND LETTING AT RUSSELL PLACE IN 3 MONTHS

Office News

FHP Property Consultants are delighted to announce the letting of No. 4 Russell Place on Talbot Street in Nottingham City Centre. The property comprises a self contained period office building within attractive landscaped gardens set between Talbot Street and Clarendon Street in the Professional Quarter of Nottingham City Centre. The property has been leased by Pam Group Limited, a national occupational health organisation who are expanding into Nottingham.

Jim Murphy, Managing Director of Pam Group commented:-

“Our new occupational health and wellbeing clinic at Russell Place will allow us to support the health and wellbeing of our clients and the employees of Nottingham and the East Midlands. We are delighted to have a Nottingham City Centre location where we will provide a full range of occupational health services including medicals, management advice, physiotherapy and counselling services.”

Mark Tomlinson of FHP Property Consultants added:-

“We were made aware that 3 buildings in Russell Place may be coming available following a lease expiry in September and this one seemed to work perfectly for Pam Group. It is rare to have self contained offices of this compact size in the City Centre on the market, with most of the options for this size requirement being within shared buildings. An occupational health organisation such as Pam Group, who provide medical consultancy, found that the location of the property, being just a stone’s throw away from the heart of the city, coupled with the self contained nature of the building, worked very well.

Our clients are now reviewing proposals for the refurbishment of the adjoining 2 properties, which are likely to become available to let in the next few weeks.”

The Russell Place estate is part of a commercial property portfolio managed by Trustees, and chartered surveyor Tim Harries of Tim Harries and Partners, asset manager to the trustees, commented:-

“Our clients are long-term investors, and the recent letting to Pam Group is an endorsement of the strategy to maximise returns from the Russell Place Estate by refurbishing these attractive buildings to appeal to the current market.”