LACE MARKET SALE BY FHP

Residential Land News

Fisher Hargreaves Proctor acting on behalf of Permalink Limited have completed the sale of One Maiden Lane, The Lace Market, Nottingham.

The site, which has planning consent for the development of 41 apartments, together with 36 car parking spaces, has been sold to Chek Whyte Industries Limited in conjunction with Walker & Sons Limited.

The price agreed was £1,000,000.

David Hargreaves, who handled the sale at FHP, commented: “Our clients, together with Maber Associates, had secured planning consent for a quality residential development in the Lace Market, but unfortunately 2 previous sales had collapsed.

The site was offered by FHP to a select number of developers on the basis of a speedy completion, which resulted in a sale to Chek Whyte Industries within 3 weeks of lawyers being instructed.

Massers acted on behalf of Permalink and Browne Jacobson acted on behalf of Chek Whyte Industries.

Lincoln Austin of Permalink commented: “We were impressed with FHP’s knowledge of the marketplace and in particular David Hargreaves’ practical approach to the sale of One Maiden Lane. We doubt if any other local or national agent could have secured a buyer in such a short timescale.”

It is understood that Chek Whyte Industries Limited are considering the development of this site for offices and an aparthotel, as well as apartments.