Acting on behalf of PMW Property Ltd, Corbin Archer of FHP Property Consultants is pleased to announce the letting of Unit 3a Bradley Park, High Holborn Road, Ripley.  The property is located on Codnor Industrial Estate which provides a securely gated and fenced site entrance and has great connections onto the A610 leading to both the A38 to the west and M1 Junction 26 to the east.

Unit 3a Bradley Park provides 7,161ft² of warehouse accommodation and 2,794ft² of office space. Internally the property comprises ground floor clear span warehouse space with a large amount of office accommodation on the first floor.  The property has been let for a period of 5 years to St Ann’s Sheet Metal Co Ltd.

Corbin Archer of FHP Property Consultants comments:

“I am delighted to have let Unit 3a Bradley Park, working closely with my colleagues and Victoria Wrigley on this. The letting is an excellent result for all parties involved and we were able to secure a new 5-year lease for our clients. I wish Neil Bradshaw and the rest of the team at St Ann’s well in their new warehouse space and I am sure they will make a great addition to the estate.”

Amy Howard of FHP Property Consultants comments:

“It has been a pleasure to work alongside both parties on this deal and to see it cross the line within a required timeframe.  The unit has been on the market for a while so we are pleased to see it occupied.   St Ann’s have been in the market looking for a unit suitable for their requirements and Unit 3a ticked a lot of boxes for them which will allow them to have the potential to grow their business to the next level.   I wish St Ann’s all the best in their next adventure and look forward to working with them again.”

Victoria Wrigley of PMW Property Limited comments:

“I am very pleased to have successfully completed a long-term lease of 3a Bradley Park, Ripley, to St Ann’s Sheet Metal Co who were a pleasure to work with. The offer we received quickly turned into a completed deal within a short time frame. Thank you to Corbin of FHP Property Consultants and our legal advisors for acting on our behalf and ensuring the letting process was quick and easy.  I look forward to working with St Ann’s Sheet Metal Co and wish them every success for their future.”

ENDS

Corbin Archer

February 2023

On behalf of private clients, FHP Property Consultants are pleased to confirm the availability of a detached industrial/warehouse unit at Amber Business Centre, Riddings, Alfreton, Derbyshire, DE55 4BR.

The 27,979ft² unit benefits from a large securely fenced yard and being situated on an established industrial estate with security.  The unit has two level access roller shutter loading doors, 3 phase power and is undergoing a basic refurbishment.  The property will be available in Q2 2023 on new lease terms at a rent of £167,874 per annum.

Darran Severn of FHP Property Consultants comments:

“We are pleased to offer this good quality unit to market which will present extremely well following the refurbishment and has the added benefit of a good sized yard and access to the M1 Junction 28/A38, which links to Nottingham and Derby to the south and Chesterfield and Sheffield to the north.”

For further information or to arrange a viewing, please contact Darran Severn on 07917 460 031 / darran@fhp.co.uk or Jamie Gilbertson 07398 443 828 / jamie.gilbertson@fhp.co.uk

ENDS

February 2023

FHP are pleased to have completed on the letting of 2A Victoria Road, Netherfield, Nottingham to TBH (Thomas Buckle Health).

The property underwent a full landlord refurbishment and comprises of a 3,337ft² prominent roadside commercial space with fenced and secure rear yard.

Anthony Barrowcliffe of FHP, who acted on behalf of the landlord commented:

“I was involved in the initial purchase of this property via auction from initially advising the landlord, Tempophase Limited, through the full refurbishment to completing on this letting to TBH.  

It was great to place TBH in this unit having been engaging with Thomas for several weeks.  I always felt this property would suit a brilliant operator like Thomas and I have no doubt he will flourish with this new venture.  

The most pleasing part of this transaction was being able to round it all off by seeing the end product.” 

Tom Buckle of TBH Bootcamps commented:

“Anthony helped us out with one of the most important decisions we’ve ever had to make as a business.  We have successfully moved into our new facility and are already welcoming a ton of new customers to start exercising with us. 

To have a facility like this is fantastic, we are able to provide the best service, help our clients stay fit and healthy and give them a space where they enjoy exercising.  Our goal is to help as many people in Nottingham lose weight and live a healthy and happy life.  With this brand new gym, we are taking another step towards that and anyone wanting to join us can check out our webpage at www.tbhbootcamps.com.”

For further information or to see how FHP can help you with commercial property, please contact Anthony Barrowcliffe on 07557 972008 or anthony@fhp.co.uk.

Chancerygate has been granted planning permission for 98,000 sq ft of Grade A trade counter and urban logistics space in Colwick, Nottingham.

Called Colwick Gateway, the scheme will comprise 13 units ranging from 3,600 sq ft to 27,600 sq ft. The projected gross development value is around £25m.

Units on the 6.35-acre site will be available on a leasehold basis and construction work is expected to commence in early Q2 2023.

All properties at the development will benefit from electric vehicle charging points and solar cells on their roofs which provide up to 35 per cent of the units’ energy needs. In addition, the units will be constructed from high-performance building materials to reduce CO2 emissions.

Located off Colwick Loop Road approximately five miles east of Nottingham city centre, the Colwick Gateway site benefits from excellent access to the M1.

The scheme forms part of a wider regeneration scheme, encompassing a range of new developments and occupiers aimed at transforming the area.

Neighbouring occupiers include leading high-street brands such as Sainsburys, Argos, Habitat, Specsavers and Starbucks. Nearby trade suppliers include Jewson, Nottingham Steel Supplies, Tile Tec Fireplaces, Biffa Waste Services and MKM Builders Merchant, which is currently under construction.

Chancerygate development director, Mark Garrity, who is based in the company’s Birmingham office, said:

“The demand for Grade A, sustainable accommodation remains high not only in Nottingham, but also across the wider East Midlands. Colwick Gateway will help satisfy this demand by bringing new high-quality trade counter and urban logistics units to the region.

 “Sitting in an already-established industrial location also means the development will be best placed to serve businesses operating in the region while stimulating economic growth and job creation.”

Agents for Colwick Gateway are Mark Tomlinson at FHP and Gerald Eve.

In December 2022 FHP completed on the letting of Unit 2, Albert Martin Business Park, Kirkby Road, Sutton in Ashfield to Crytec Limited.

The unit comprised 13,702ft² of simple, cost effective, warehousing/manufacturing space close to Junction 28 of the M1.

Anthony Barrowcliffe commented:

“I am really pleased with this letting, Crytec Limited are a great addition to this estate with ample room to aid their rapid expansion. 

We have lots of exciting opportunities still on the Albert Martin Business Park and I welcome any conversations with any live requirements within the East Midlands market.” 

Matt Cryans of Crytec Limited commented:

“We needed additional warehousing at short notice and Anthony was extremely quick in getting us the right space quickly.   

Anthony also played a key role in getting the lease over the line in a quick fashion, we would look to use FHP and Anthony again for our business needs in the future.”  

For further information on opportunities on the Albert Martin Business Park or how FHP could help you please contact Anthony Barrowcliffe on 07557 972008 / anthony@fhp.co.uk.

We needed additional warehousing at short notice and Anthony was extremely quick in getting us the right space quickly.   

Anthony also played a key role in getting the lease over the line in a quick fashion, we would look to use FHP and Anthony again for our business needs in the future.

Acting on behalf of long term clients, Darran Severn of FHP Property Consultants is pleased to confirm the letting of G5 Cranmer Road, West Meadows Industrial Estate, Derby.

G5 Cranmer Road is situated in an excellent location just off Pentagon Island on the A52.  The unit provides 8,598ft² of clear span industrial/warehouse accommodation and benefits from a self-contained yard to the rear.

Darran Severn, Director at FHP Property Consultants commented:

“This is an excellent result for all parties involved and we were able to secure a new 5 year lease for our clients.  The building benefitted from a comprehensive refurbishment and attracted good interest due to its self-contained secure yard which is always a big selling point these days.   

Due to the demand, we were able to secure a rent which breaks back to £6.50ft².

We currently have unit E9 “under offer” which is situated on the same estate and I look forward to announcing details on this in the coming weeks”.

For further information on this deal or to discuss your requirement in more detail, then please contact Darran Severn on 07917 460 031 or email darran@fhp.co.uk.

ENDS

January 2023

[Stud Brook Business Park, Castle Donington. Left to right: Tim Gilbertson – FHP Property Consultants, Dominic Jackson & James Richards – Clowes Developments, Richard Sutton – NG Chartered Surveyors]

Clowes Developments’ Forbes Park Scheme in Long Eaton, where agents Tim Gilbertson of FHP Property Consultants and Richard Sutton of NG Chartered Surveyors have acted on their behalf, can be considered nothing but an unmitigated success.

Formerly the home to a substantial manufacturing complex, the 6.5 acre site was initially fully remediated by contractors for the scheme, Roe Developments, and then a carefully planned and executed development of small to large industrial and warehouse units, augmented by trade counter facilities and roadside retail was carefully crafted and implemented, designed by Ben Hall of IMA Architects and once the agents had quickly found occupiers, leases and freehold sales were documented by Heather Dixon of Geldards.

With many units put under offer before and then during the construction phase, disposal of the opportunities could not have been swifter and just before the end of 2022 the final unit of over 26,000sq ft was delivered to the last local occupier to enable their relocation and expansion.

[Block C – last unit to be built at Forbes Park]

The finished scheme sees over 78,000sq ft built and developed on the park and all involved on behalf of Clowes Developments are delighted with the success of this scheme.

This is not the end of similar size development for Clowes in the region as pleasingly the developers, together with their agency, architectural and legal team, are now rolling forward and starting to progress the marketing and development of Stud Brook Business Park at Castle Donington, merely a few miles drive away.

[Stud Brook Business Park Masterplan]

Stud Brook will see the development of 23 units totalling 180,000sq ft all to be delivered before the end of 2023.

Occupying a fantastic location on the new Castle Donington bypass, therefore providing access to the A50 within moments and similarly literally within sight of East Midlands Airport and therefore moments away again from the M1 motorway, already interest is strong in this scheme with a number of pre-lets already in place.

Further information on the scheme will be released throughout 2023 but for any industrial or distribution occupier seeking fabulous accommodation in the region then now is the time to act and speak to the agents for the scheme Tim Gilbertson at FHP Property Consultants (07887 787 893 / tim@fhp.co.uk) and Richard Sutton of NG Chartered Surveyors (07977 121 340 / richards@ng-cs.com). www.clowes-studbrook.co.uk.

ENDS

FHP Property Consultants are delighted to announce the sale of E15 Langham Park, Lows Lane, Ilkeston, DE7 4RJ.

Langham Park is an established industrial estate situated near the J25 of the M1.  The property comprises of a mid-terraced modern warehouse unit benefiting from a roller shutter loading door, LED lighting, 3 phase electricity and WC facilities.   The accommodation extends to a total of 70m² (759ft²) and provides clear span space.

The premises was sold to a local investor for a price equating to £200 per ft².

Jamie Gilbertson, Surveyor at FHP Property Consultants comments:

“I am delighted the sale of this property has completed. The property had strong interest throughout the process and having multiple offers enabled us to achieve a very strong price of £200 per ft². I rarely went a week without a call or enquiry on this unit and I wish we had more to sell given the popularity.  This has been a great outcome for both our client and the new owner, and I wish them every success.”

For further information, please contact Jamie Gilbertson on 07398 443 828 or jamie.gilbertson@fhp.co.uk.

ENDS

January 2023

Acting on behalf of private clients, Darran Severn of FHP Property Consultants is pleased to confirm the availability of an industrial/warehouse unit situated at Raynesway Park, Derby.  The location benefits from excellent links to the A38 and A52 leading to Junction 24A and 25 of the M1 Motorway.

The property provides 11,660ft² of storage, production or trade counter space and comprises of clear span accommodation with a small office, two roller shutter doors and excellent yard space. The premises are immediately available by way of new lease at a rent of £75,790 per annum.

Darran Severn of FHP Property Consultants comments:

“I am pleased to bring this property to market.  It is not often a unit such as this becomes available on Raynesway Park given the good quality accommodation and location.  We are starting to see a few more units come to market but pleasingly demand remains high, units are being placed and deals are completing.  I expect there to be good interest in this property and I look forward to speaking with interested parties.”

For further information or to arrange a viewing, please contact Darran Severn on 07917 460 031 / darran@fhp.co.uk or Jamie Gilbertson on 07398 443828 / jamie.gilbertson@fhp.co.uk.

ENDS

December 2022

On behalf of private clients, FHP Property Consultants are delighted to bring to market Unit 7 Stretton Business Park, Brunel Drive, Burton upon Trent, DE13 0BY. The property is situated on an established industrial estate approximately 1.5 miles northeast of Burton on Trent town centre. This location provides great access to the A38 via the A5121 and subsequently the M1 Motorway via the A50.

The property comprises of an end terraced industrial/warehouse unit. It provides a mix of office and clear span warehouse accommodation extending to approximately 472m² (5,082ft²). The unit itself benefits from a full height electric level access loading door, 6.10m maximum eaves height and three phase power.

The premises is available on new lease terms at a rent of £38,500 per annum.

Darran Severn, Surveyor at FHP Property Consultants comments:

“I am delighted to place this unit on the market and I look forward to speaking with interested parties.  There is still a lack of good quality warehouse accommodation in the Derby/Burton area and I therefore suspect there will be a good level of interest in this property.”

For further information, please contact Darran Severn in 07917 460031 / darran@fhp.co.uk.

ENDS

December 2022

Fairham Business Park sits proudly on the edge of Nottingham just off the A453, outside the workplace parking levy, within minutes drive of both the City Centre and Junction 24 of the M1 motorway, and agents for the scheme Tim Gilbertson of FHP, Christian Smith of Savills and Adam McGuinness of Carter Jonas were delighted to review progress on site earlier in the week as the three planned speculative units shoot up.

Acting on behalf of forward funders Hines and developer Clowes Developments, three units of 102,000ft², 101,000ft² and 66,000ft² will provide much needed warehouse and distribution space for Nottingham in a fantastic location with probably some of the best transport links in the country being sited next to a dual carriageway leading to the M1, but also benefitting from adjacent tram and park and ride facilities, Nottingham Parkway Station within moments drive and East Midlands Airport within quick access.

The three agents for the scheme commented:

“What a fantastic opportunity this site is!  With three units being speculatively built, all ready for occupation in Q2 2023, we are excited to see the units speed forward, with progress being made very quickly on the development of all three buildings.

This is undoubtedly one of the best served sites in the country for access, sitting adjoining a dual carriageway, within moments drive of the M1 and also an adjacent tram and park and ride stop.

Throw East Midlands Airport into the mix, which is a few minutes drive away as well and you would really struggle to find a better spot in the country for transport links.

Pleasingly, we already have initial interest in the buildings and would hope that upon seeing progress made, other manufacturing or distribution companies looking for a superb location will come forward now to progress their interest.”

For full information on the availability of the space, please contact Tim Gilbertson (07887 787 893 / tim@fhp.co.uk), Christian Smith (07808 784 789 / Christian.Smith@savills.com) or Adam McGuinness (07860 943 735 / Adam.McGuinness@carterjonas.co.uk).

ENDS

Tim Gilbertson

12 December 2022

Acting on behalf of private clients, Darran Severn of FHP Property Consultants is pleased to confirm the availability of an industrial/warehouse unit situated at Air Cargo Centre on Argosy Road, next to East Midlands Airport in Castle Donington.

The property provides 3,706ft² of storage space and benefits from a comprehensive mezzanine providing an additional 3,313ft².  Air Cargo Centre is located equidistant to both Nottingham and Derby and is directly accessed from the A453 which links to Junction 23a and 24 of the M1 motorway.

The premises are available by way of a sublease or alternatively a new lease may be available subject to separate negotiation and covenant strength.

Darran Severn of FHP Property Consultants comments:

“I am pleased to be bringing this property to market.  The unit itself provides good quality storage space which is immediately available for occupation.  It’s not often a space such as this becomes available on this estate due to the popularity of the location with freight forwarders.  I expect there to be good interest in this property so please be sure to contact me if you would like any further information or to arrange a viewing.”

For further information or to arrange a viewing, please contact Darran Severn on 07917 460 031 / darran@fhp.co.uk or Jamie Gilbertson on 07398 443828 / jamie.gilbertson@fhp.co.uk.

ENDS

November 2022

FHP are delighted to announce the completion of Unit 5a Rani Drive on behalf of Chartwell Properties Limited to Green Buildings Renewables who have been actively looking in the market for some time now.

The unit comprised industrial / warehouse with office and ancillary space situated across two floors of accommodation. Rani Drive Business Park is an established estate and is positioned within an excellent location just off Nottingham’s ring road with good access links to the A610 and J26 of the M1 Motorway. The estate has a mixture of both office and warehouse occupiers and has now achieved full occupancy throughout the site.

Amy Howard, Surveyor at FHP Property Consultants comments:

“It has been a delight to work alongside both parties on this deal and seeing it cross the line, achieving a rental tone of £7.00 per sq. ft. Although it placed itself on the market for a few months, it confirmed that persistence is key and maintaining communication and relationships between present and past enquiries is vital, especially as we are now facing uncertain times approaching 2023.

It has been a pleasure to work alongside Jack Digva at Chartwell Properties Limited and I look forward to working alongside him in future endeavours and securing him more tenants. I also wish Green Buildings Renewables all the best in their Nottingham branch.”

Jack Digva at WSD 1 Limited comments:

“We are delighted with working with FHP, we were confident this unit would let in a short space of time.

There is a large demand for high-end industrial units and Rani Business Park ticks all the boxes. Chartwell Properties have been in the property market for over 25 years, and we have seen demand has outstripped supply.

We have many new and exciting projects on the go and look forward to working with FHP in the future.”   

If you are looking to market your industrial unit on a leasehold or freehold basis, please feel free to contact me on 07887 787894 or email me at amy.howard@fhp.co.uk

ENDS

Amy Howard

24 November 2022

As we approach the New Year, I thought it would be an opportune time to take a quick look back at the past 12 months.  Overall its been a busy year and activity throughout 2022 has very much mirrored the previous 24/36 months.  That said, we have started to see a slight easing across some sectors of the market during Q4 due to economic and political circumstances.

Across the East Midlands, the industrial and logistics sector has continued to be driven by a general lack of supply, particularly of good quality units available for immediate occupation.  To overcome this lack of supply we have been working with a number of clients who have speculatively built units in key locations along the M1, A38 and A50 corridors.

Enquiry levels have remained high for the majority of the year particularly from third party logistic companies, but also from both local and regional occupiers.  This has led to us receiving multiple offers on units resulting in many businesses not being able to find a suitable property.  As a result, we have spent more time this year speaking directly with businesses who are genuinely struggling to find suitable premises across the region.  Whilst it has been difficult, we have been able to successfully work with these businesses to acquire premises on their behalf to take away the stress of a property move from their day to day business duties.

Whilst we are beginning to see more units come back to the market, there is still a lack of good quality industrial/warehouse space available today to both rent and buy.  I suspect and very much hope this slight easing will return us to a more “normal” market where supply and demand is relatively balanced.  I also expect rents and capital values to remain strong albeit I see these stabilising across the next 12 months.  Over the last 12 months we have seen rents and capital values increase by 10% – 20%.

The office market has been surprisingly active this year and we have pleasingly disposed of some 50,000ft² on Pride Park alone.  Generally, the trend in the office market has continued on from 2021 and whilst many occupiers maybe downsizing, they are spending more money on their fitout to create a better working environment.  It is all about creating collaborative working zones where employees can be more creative and share ideas.  Working from home has created a more flexible week, but there is a drive to lure employees back to the office and many businesses are investing heavily in their office design to achieve this.  I believe the office market will continue this trend through 2023.

Whilst we do not know what the New Year will present us with, we are positive as always and it will very much be work as usual.  We are pleasingly working with a number of clients who are bringing some interesting schemes to market next year across, Derby, Ashbourne and Castle Donington and I very much look forward to launching these in the New Year.

For further information please contact Darran Severn on (07917 460 031/darran@fhp.co.uk).

ENDS

November 2022

On behalf of private clients, FHP Property Consultants are proud to announce the completion of units 13.1 and 14.4 Amber Business Centre, Hill Top Lane, Riddings, Derbyshire, DE55 4BR.

Amber Business Centre is an established industrial estate situated within 10 minutes of Junction 28 of the M1 motorway via the A38.  The two properties comprise mid-terraced industrial/warehouse units benefiting from  roller shutter loading doors and a recent refurbishment.

Both 13.1 and 14.4 have been let on new lease terms for a period of 5 years at a rent equating to £11.00 per ft² and £10.00 per ft² respectively.

Jamie Gilbertson, Surveyor at FHP Property Consultants comments:

“I am delighted to have completed these lettings.  Following an initial call with our client I was able to place these under offer before we had actually listed them on the market.  We have a strong database of active enquires which enabled us to match the property with an actively seeking business.   This has been an excellent result for both our client and the tenant and I wish them every success. 

There is still good demand for quality small warehouse units and we are pleasingly placing units under offer and completing transactions on a weekly basis.  We still have a couple units available on the estate, one unit is 1,272ft² and the other unit is 618ft² but these will be in high demand so you will need to act quickly.”

For further information, please contact Jamie Gilbertson on 07398 443 828 or jamie.gilbertson@fhp.co.uk.

ENDS

November 2022

Acting on behalf of private clients, Darran Severn of FHP Property Consultants is pleased to announce the letting of Unit C West Hallam Industrial Estate, West Hallam, Ilkeston.  West Hallam Industrial Estate is located approximately 7 miles north east of Derby and 10 miles west of Nottingham and covers 118 acres with some 106 buildings. The estate is fully secure with CCTV and full perimeter fencing, benefitting from 24/7 security.

Unit C provides 7,830ft² of industrial/warehouse accommodation with 4 roller access level loading doors and a self-contained yard. The property has been let for a period of 5 years to Haulage Experts Ltd who work closely with other businesses on the industrial estate.

Darran Severn of FHP Property Consultants comments:

“I am delighted to have let Unit C at West Hallam Industrial Estate. This property underwent a comprehensive refurbishment over the summer and that resulted in us getting the unit let quickly.

Further to this, we have three new build warehouse units on the estate that are of an equally good specification and all three will be available Q1 2023. If they are of any interest to you then feel free to contact me on the information provided below.”

For further information or to arrange a viewing, please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

November 2022

Blenheim Park sits adjoining Junction 26 of the M1 motorway, a prime location to the north of Nottingham City Centre where over the years millions of square feet of industrial and distribution space have been developed out to meet the demands of the Nottingham economy.

The final development of the scheme, funded by Urban Logistics REIT Plc, where four prime warehouse/industrial units were built resulting in three fantastic deals to growing local and indeed overseas companies at a time when the imbalance between supply and demand in this sector of the market has never been more clear.

Olivia Salisbury, Asset Manager at Urban Logistics REIT Plc, takes up the story of success at Blenheim from here:

“When we started to develop at Blenheim Park, we were very confident of success and our agents, Tim Gilbertson of FHP Property Consultants and Georgina Thompson and Toby Wilson of M1, always assured us that there was demand in the market and we would achieve lettings here reflective of the prime accommodation and prime location we were building in.

Pleasingly, this has been the case as disposals quickly followed practical completion of three of the buildings of just over 80,000ft², 24,000ft² and 18,000ft².

No one would imagine the changes in the world and indeed the UK economy over the last few months and whilst no one could say that everything in the garden was rosy, we still see locally a significant imbalance between supply and demand, particularly for Grade A space which attracts not only local occupiers but also those more footloose in nature who are prepared to look up and down the M1 Corridor.

Whilst no one is hiding away from the fact that there are economic issues affecting the country, we still see good demand from local businesses that stand on firm foundations and it is that style of occupier that we are convinced will come along and take our final building of just over 43,000ft² on Blenheim Park.

Our agents, Tim Gilbertson of FHP and Georgina Thompson and Toby Wilson of M1 would be delighted to discuss and show parties around, and we are convinced this is the best space in the marketplace and we are here to talk and do a deal!”

Agents on the scheme Tim Gilbertson, Georgina Thompson and Toby Wilson added:

“This is a cracking opportunity for a well structured company to take advantage of this final building, come along and join many other household names on Blenheim Park, making the most of the fantastic specification of the unit and its excellent positioning outside of Nottingham’s Workplace Parking Levy and within moments of Junction 26 of the M1 motorway.  As our client says, we are here to help and we would be delighted to show off this fabulous product to any manufacturing or distribution company who might want to call it their new home.”

For full information on the availability of space, please contact Tim Gilbertson (07887 787 893 / tim@fhp.co.uk), Georgina Thompson (07793 461 360 / georgina.thompson@m1agency.co.uk) or Toby Wilson (07500 926 727 / toby.wilson@m1agency.co.uk).

ENDS

Tim Gilbertson

15 November 2022

Acting on behalf of long-term clients, Tim Gilbertson of FHP Property Consultants is pleased to confirm the disposal of a good quality warehouse on a large site of just under 50,000ft² between Junctions 26 and 27 of the M1 at Hucknall.

Set on a large yard and benefiting from an excellent location, it was always anticipated that the building would be well received in the market and this proved to be the case as a long-term lease was secured to UK Home Shopping Ltd for their expansion.

Tim Gilbertson, Director of FHP Property Consultants commented:

“I am pleased with the result we gained here, securing a 10 year lease without break for our clients on this good quality building.

A particular feature of this unit was its large yard, which is always a big selling point these days and helped us to secure the length of lease required.

We wish the new tenants well in their expansion into the building.”

A spokesperson for UK Home Shopping added:

“With the benefit of the existing planning, we will soon launch ‘TOOLS TO GO’ – the biggest MEGASTORE of Tools and Machinery anywhere in the East Midlands (and possibly even the UK) to both the general public and the trade offering the biggest brands and widest ranges of over 70,000 Hand Tools, Power Tools, Garage and Workshop equipment, Gardening tools and machinery, Power Generators, Pressure Washers and much, much more and all at fiercely competitive prices.”

Tim Gilbertson concluded by commenting:

“Pleasingly we still have other similar good quality buildings in this size range and we will be launching another one to the market shortly, so for any potentially disappointed parties I would be delighted to discuss their needs as we should have other stock coming to the market which would suit in the near future.”

For full details on this deal or to discuss your manufacturing or distribution requirement, please contact Tim Gilbertson on 07887 787 893 or email tim@fhp.co.uk.

ENDS

Tim Gilbertson

ENDS

3 November 2022

A leading investor in UK urban logistics has acquired all the trade and employment units at a mixed-use development at Teal Park in Nottingham.

Northwood Urban Logistics has bought the third and final phase from joint-developers Warwickshire-based AC Lloyd Commercial (ACL) and Nottingham-based Henry Davidson Developments (HDD) for an undisclosed sum.

Selling the six large employment units totalling 116,835 sq ft is the final part of the deal, meaning the specialist investor in UK logistics sites now owns the entire park with the exception of Storage Giant.

Northwood Urban Logistics had already acquired phase one and two of the 56,511 sq ft trade park which includes Toolstation, Screwfix, Howdens, Trent Valley Windows, Trent Vehicle Charging, Karcher UK and Paintwell.

Mark Edwards, managing director at AC Lloyd Commercial, said: “This was our first major development in the East Midlands and the Teal Park site has proved to be a fantastic success.

 “The final piece of the jigsaw has been the legal work on selling the final phase of the employment and trade units to Northwood Urban Logistics which has been completed, and Teal Park is certainly thriving.”

Richard Croft, director at HDD, added: “The final six employment units which range from 9,606 sq ft to 31,553 sq ft are now under the ownership of Northwood Urban Logistics who will have responsibility for marketing the site. The development is a real success story for the local area, so far Teal Park has attracted a number of high-quality operators and I’m sure it will go from strength to strength.”

Mark Tomlinson, Director of FHP acted on behalf of the sellers for all 3 phases of the deal.  Phillips Sutton were joint agents.

I am delighted to announce that the ground has been broken and significant progress has been made on Phase 1 of this new build industrial scheme under construction by James and Jonathan Broughton off Portland Road at Shirebrook.

Six units are to be built varying in size from 2,538ft² to 5,866ft² with the option to combine where needed.  The units are being built to an excellent specification to include:

• Steel portal frame with profile pitched clad roof
• Solid concrete floors
• Eaves height of 6 metres
• Translucent roof lights
• High bay LED lighting
• 3 Phase power
• Electric roller shutter door
• Personnel door
• WC facilities
• Allocated car parking

The units also offer excellent green credentials being exceptionally energy efficient with good EPC ratings and will be completed by Q1 2023.

In a market starved of excellent stock like this we feel this will be well received in the market place with already strong requirements coming through.

For further information please contact Anthony Barrowcliffe at FHP on 07557 972008 or anthony@fhp.co.uk.

FHP are delighted to secure the final two lettings on Whyburn Business Park, the new build scheme of small sized industrial units situated on an established and popular industrial location in Hucknall. Phase 1 was completed in late Q1 / early Q2 2022, with phase 2 in discussions to provide further stock for small to medium sized units. The rental tones achieved throughout the site were £8.00 per sq. ft, a promising figure for a new build scheme in Hucknall.

Phase 1, which consisted of 9 units, comprised a mixture of 1,765 sq. ft and 2,130 sq. ft of industrial / warehouse space with excellent eaves height, yard space and generous parking. The new build development scheme has certainly proved to be popular with occupation now at 100% and the demand continuing to be apparent on the site. The number of enquiries received on the units indicates that the interest on the next two phases is going to remain strong.

Amy Howard, Surveyor in FHP Property Consultants’ Industrial Team comments:

“It has been a delight to work alongside Total Aggregates Ltd and Total Reclaims Ltd in this scheme and to achieve full occupancy. The site has shown to be a popular destination for occupiers from the start and it was promising to see the amount of interest we were still receiving throughout the marketing of the units. It confirmed the limited stock available for sub-2,000 sq. ft units compared to the high level of demand that is still apparent.

The diverse use of occupiers throughout is great to see and something that we all hoped to achieve for on the site. The success in Hucknall for warehouse occupation continues and Whyburn Business Park has helped to service this sector of the industrial market. I look forward to working alongside both Total Aggregates Ltd and Total Reclaims Ltd in the future.”

Anthony Barrowcliffe, Associate Director in FHP Property Consultants’ Industrial Team comments:

“This is an excellent scheme in an extremely well-established industrial location.  It has been a pleasure working alongside Richard and Melvin on this scheme and I look forward to future schemes/projects to follow.”

If you are looking to dispose of your industrial unit or to discuss your property requirements, please contact Amy Howard on 07887 787 894 / amy.howard@fhp.co.uk or Anthony Barrowcliffe on 07557 972 008 / anthony@fhp.co.uk.

FHP have sold a mixed office and industrial property on Abbeyfield Road on Lenton Lane Industrial Estate to one of the largest garden machinery distributors in the UK.  Henton & Chattell have acquired three buildings on the Lenton Lane Industrial Estate from FHP intending to utilise the 40,000ft² warehouse for their own purposes to expand their additional growth.

The property was sold on a long leasehold interest with an average unexpired term of circa 43 years from Nottingham City Council and was income producing, producing a rent of £287,500 per annum with the sale price agreed understood to be in excess of £3 million.

John Proctor of FHP acted on behalf of Abbeyfield Estates on the sale.

ENDS

John Proctor

12th October 2022

FHP are pleased to have been retained on another unit on the new build scheme in Sherwood Avenue, Mansfield. The estate finished development in Q1/Q2 2022 and has already proven popular over the months with a number of tenants taking up occupation, that have provided a diverse tenancy schedule for the site.

The unit comprises 3,102ft² of industrial / warehouse space with WC and kitchen facilities, alongside a roller shutter door and secure parking. Aria Park is situated at the end of Sherwood Avenue which is accessible from Southwell Road, one of Mansfield’s main arterial routes providing good access to the A617, leading to A38, J28 of the M1.

Amy Howard, Surveyor at FHP Property Consultants commented:

“It is great to see another unit become available at Aria Park, the new build provides a high quality fit-out making it an attractive option for local occupiers. The previous two lettings we carried out on the site generated a lot of interest, proving to make the site a popular destination. The demand within North Nottingham remains strong and I am confident that we will be able to secure a tenant.

If you are interested in the site and wish for further details, you can contact me on 07887 787894, or alternatively you can email me at amy.howard@fhp.co.uk”.

ENDS

20 October 2022

Both myself and my parents have been impressed By Amy and Anthony and the overall service they have provided to us regarding the sale of our commercial property.

From the first meeting, both Amy and Anthony put myself and my parents at ease with their professional approach and attention to detail.  They have been instrumental in the speed at which the sale was complete – proactively reaching out to contacts, arranging viewings and supporting my parents navigate the whole process.

At no time did we feel they were not at hand to support and were always prompt in responding to our questions or queries.  They both demonstrated a caring attitude, which goes a long way when dealing with important matters.

They are a credit to the team and FHP should be proud of their hard work and dedication to clients.

FHP are delighted to secure another successful deal within Mansfield, the investment sale of Soak Interiors was sold to a local occupier, achieving a net initial yield of 7.76%. The strong presence FHP have in Mansfield has resulted in 10 industrial transactions up to the Q3 mark in the sub-5,000ft² market and we will continue to push this in Q4.

The level of interest received on this property alone was positive to see and shows the freehold / investment market is still going strong despite the current economic uncertainties that we are facing. The unit comprised 4,715ft² of a mixture of warehouse, office and ancillary space with a generous yard area and occupied an elevated position on Rock Valley, just off the Mansfield Inner Ring Road. Situated on a securely fenced and gated site and provided a strong prominent road presence.

Amy Howard, Surveyor at FHP Property Consultants commented:

“It was great to see this deal cross the line for both parties who are now starting a new exciting chapter. The amount of interest received on this property from day one was great to see, and we managed to receive several credible offers at the asking price. It is reassuring to see that the demand is still there for the sub-5,000ft² freehold market.

As the stock for freehold units is still limited, if you are looking to dispose of your freehold property, please feel free to contact me on 07887 787 894, alternatively you can email me at amy.howard@fhp.co.uk.”

ENDS

Amy Howard

13 October 2022

FHP Property Consultants are pleased to bring to the market 2b Aspen Business Park which is situated off Derby Road with great transport links to the A52.

The 5,440ft² unit to let and for sale.  The property is a modern warehouse unit which is extensively fitted out with two storey offices, on site parking and a front storage area.

Corbin Archer, Surveyor at FHP Property Consultants comments:

“I am pleased to offer this unit to market and I look forward to speaking with interested parties.  There is currently a shortage of freehold warehouse units across Derbyshire and therefore I expect to receive a good amount of interest.  The property is currently fitted out as a two storey office with a mezzanine, but it could suit a number of uses including storage and distribution.  Feel free to contact me and I will happy to show any interested parties around”.

For further information or to arrange a viewing, please contact Corbin Archer on 07929 716 330/ corbin.archer@fhp.co.uk

ENDS

October 2022

Tim and his team at FHP have been terrific in their help with delivery of our new premises to expand our West Midlands coverage. The move is a significant upgrade and despite a very challenging property market, Tim found a great match. The property also benefits from a full refurbishment achieving an EPC A rating

Acting on behalf of long-term clients Falcon Panel Products, Tim Gilbertson, Director of FHP Property Consultants is pleased to announce the acquisition of a new facility for Falcon in Birmingham enabling them to expand and grow their West Midlands offering still further.

This is the sixth acquisition that FHP have completed for Falcon over a number of years as they continue to grow and expand throughout the country, with Tim Gilbertson providing advice on the commercial terms of the transaction, Graham Collier of Mills & Reeve ensuring that all legal matters were looked after to the best ability, and Simon Molsom of Gaskell Building Surveyors providing building surveying advice throughout.

Tim Gilbertson commented:

“It’s been a pleasure dealing yet again with Falcon and helping them expand into new premises in Birmingham.  I had previously acquired their first Birmingham base some ten years ago or more and it’s great to see them expand again and literally double the size of their footprint in the region.  This is the sixth acquisition I have completed for Falcon over a number of years and as ever they are a pleasure to deal with, even when this deal was particularly challenging given the lack of good quality space in the Birmingham market.

Having finally sourced and concluded a deal on an excellent unit just off Spaghetti Junction and the M6, I am pleased that our clients are as delighted with the end result as I am.

I am sure Falcon will continue to prosper and grow and hopefully there will be more acquisitions in years to come for them in both Birmingham and other areas of the country.”

Graham Collier of Mills & Reeve acted for Falcon to agree and conclude the lease and he commented:

“It has been great working again with the team at Falcon, and alongside Tim and Simon as their professional advisers, on the latest phase of their expansion.  It is an exciting time for the business, and it is great to be involved in their plans for growth – and to work alongside FHP and Gaskells to get the job done.”

Managing Director – Distribution & Product Groups at Falcon Panel Products, Steve Whysall commented:

“Tim and his team at FHP have been terrific in their help with delivery of our new premises to expand our West Midlands coverage. The move is a significant upgrade and despite a very challenging property market, Tim found a great match. The property also benefits from a full refurbishment achieving an EPC A rating.”

 For full information on the transaction or to see how FHP can help you and your business acquire new space or indeed provide commercial property advice on any specific aspect then please contact Tim Gilbertson on 07887 787 893 or email tim@fhp.co.uk.

ENDS

Tim Gilbertson

12 October 2022

FHP Property Consultants are delighted to announce the letting of a 0.73 acre site comprising of hard standing storage land to Explore Transport Limited at Drakelow Business Park.

Drakelow Business Park benefits from good access to the A38 and is situated just south of Burton on Trent. The business park provides a mix of industrial/warehouse units and hard standing land. There are a variety of sites available starting from half an acre.  The park provides 24/7 gatehouse security, CCTV and secured fencing.

Corbin Archer of FHP Property Consultants commented:

“We are excited to have let a parcel of land at Drakelow Business Park, we have more land available ranging from 0.10 acres to 2.00 acres and we also expect a few industrial units to become available in the near future.
We are continually speaking with local occupiers who are seeking accommodation along the A38 corridor between Burton and Lichfield and I am hopeful that some of the conversations will lead to further deals.  If you are interested, then please feel free to contact me.”

For further information on Drakelow Business Park please contact Corbin Archer of FHP Property Consultants on 07929 716 330 / corbin.archer@fhp.co.uk or Darran Severn on 07917 460 031 / darran@fhp.co.uk.

ENDS

October 2022