FHP ACHIEVE A STRONG FREEHOLD OFFICE SALE IN THE PROFESSIONAL QUARTER OF NOTTINGHAM

Office News

FHP Property Consultants are delighted to announce the sale of 3 St James Terrace, a 1,500ft² self contained office building located close to Nottingham Castle in the Professional Quarter of Nottingham City Centre.  The property has been sold to We Are Pure, a branding, packaging and communications experts already located in the City who are undertaking planned expansion following successful trading.

Mark Tomlinson of FHP Property Consultants who concluded the sale commented: –

“3 St James Terrace was brought to the market at the end of 2013 to let with the possibility that the Landlord would consider a sale.  We received a number of freehold enquiries for the property which resulted in a competitive bidding process on the property and a very strong value was achieved.  This indicates a certain level of confidence is returning to the office market.  Of course properties in this area of the City are always in demand from owner occupiers but even I was surprised by the amount of interest that we received for the building.

We have now concluded a number of freehold transactions in the Professional Quarter of the City over the last 12 months and the general tone of values being achieved in the area is certainly increasing.”