NOTTINGHAM’S MOST POPULAR ESTATE?


October 17, 2008

Industrial/Warehouse News

At a time when the commercial property market is perceived as being difficult and deals are few and far between, it is a pleasure to confirm a second deal on the same estate within a matter of a few short weeks.

Acting on behalf of Abbeyfield Estates, Tim Gilbertson of Fisher Hargreaves Proctor has completed the sale of high quality sought after warehouse accommodation on Nottingham South & Wilford Industrial Estate.

This estate continues to outperform many in the region and having recently also let a smaller unit on the estate, it is a pleasure to see this deal concluded on a sale basis to a local occupier.

Nottingham South & Wilford continues to be a sought after location set in the south of Nottingham and offering good quality units with their own easy access and car parking spaces.  These factors combined continue to see deals concluded on both leasehold and freehold terms on the estate.

Indeed, Fisher Hargreaves Proctor are now marketing a smaller unit on the estate on a purchase basis for which offers have been received within 48 hours of the building coming to the market and a strong interest continues.

Tim Gilbertson BSc (Hons) MRICS, partner of Fisher Hargreaves Proctor who dealt with the sale commented:-

“It was a pleasure to act on behalf of Abbeyfield Estates in this disposal and achieve a price which reflects the scarcity of opportunities on this estate.  The purchaser, who is already represented on the estate saw the value in the premises not only in terms of his business but also as a future investment and quickly pounced to agree an appropriate sale figure.  I wish them well in their additional space.

“Having let a few weeks previously a smaller unit on the estate and now having a third unit available to purchase, I very much anticipate that despite the general unease in the commercial property sector at present, this estate will continue to go from strength to strength  and I will be reporting a third deal in the forthcoming weeks.  I will be delighted to discuss this further building which is available with any interested parties.”

For further information on the transaction concluded or to discuss the availability of the remaining unit on the estate and indeed any other property matters, please contact Fisher Hargreaves Proctor on 0115 950 7577.

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