SALE SECURED AT 54 THE ROPEWALK

Office News

FHP Property Consultants are delighted to announce the sale of 54 The Ropewalk in the Professional Quarter of Nottingham City Centre.

The property comprises a self contained office building with ample car parking located on the edge of The Park Estate and has been purchased for office use.

The property will now undergo a refurbishment for occupation by the Purchaser who will no doubt add to the quality of the existing commercial occupiers in the area.

The property was sold jointly with Savills through the auction process and a sale was agreed prior to the auction.

Mark Tomlinson of FHP Property Consultants commented:-

“I am delighted to have achieved such a strong sales figure for the Vendor.  Freehold property in this area is always a desirable asset and we weren’t surprised to see good levels of interest in the property throughout the marketing process.

Freehold values in this area of the City have remained strong despite the market conditions and the difficulties being experienced by many Purchasers in obtaining bank funding.  We are still some way off the values being achieved at the height of the market and therefore this is still a good time to buy, especially for Purchasers with cash funds available”.