On behalf of private clients, Chris Proctor of FHP Property Consultants is pleased to confirm the sale of Spring Road, Ibstock, Leicester.  The property generated a large amount of interest with 19 viewings and 7 offers received on the property.  The quoting price was vastly exceeded, with the purchaser being Tyrefix UK Limited, a local business represented by Alex Reid of Mather Jamie.

Chris Proctor of FHP Property Consultants, who acted for the vendor commented:

“This was an excellent opportunity, which attracted both owner occupier and investor interest. With such a vast number of underbidders on the property, there remains a strong unfulfilled freehold industrial market in Leicester and the UK wide.

The result exceeded my client’s expectations, and I am delighted to have concluded this sale with Tyrefix UK, who are an excellent fit for the property.”

Luke Smith of Rotheras Solicitors acted for the vendor and Rebecca Cleal of Prettys Solicitors LLP acted for the purchaser.

ENDS

Chris Proctor

Associate Director

22 October 2021

I am delighted to have started my real estate career in a company such as FHP who are the leading property consultants within the East Midlands. After just completing a Master’s degree in Real Estate at Nottingham Trent University, I am excited to progress within the property industry and see what the future holds for me at FHP. With some experience in the office sector already, I am looking forward to growing my knowledge and gaining new experience within the other sectors.

We have been delighted with the service we have received from FHP and in particular Anthony, he was attentive to our needs and understood the speed at which we had to move.  As gas boilers are being phased out in favour of air source heat pumps it was imperative we increased our storage capability to keep up with demand, Anthony worked closely with us and expedited the whole transaction in a very timely manner, something rare in these Covid times

Anthony Barrowcliffe of FHP Property Consultants is thrilled to announce yet another industrial letting on the Millennium Business Park in Mansfield.  The most recent letting to Oceanair UK Limited, an existing growing occupier of the estate.

Oceanair UK Limited are an award-winning distributor of air conditioning and heating products. Their existing air conditioning business has seen growth in the domestic air conditioning market and a massive growth in air to water heat pumps ahead of boilers being banned in new builds from 2025.

The industrial unit comprised 6,597ft² of good quality warehouse space with 6 metre eaves, being ideal for Oceanair UK’s storage requirement due to their growth.

Anthony Barrowcliffe of FHP Property Consultants commented:

“Unit 3C Isabella Court is personally my ninth completed industrial transaction in the Mansfield area this year with a further three properties under offer.  The Mansfield area is a fantastic industrial market with excellent access to the M1 and huge employment opportunities.  The unit in its isolation was a great letting for both landlord and tenant and it was a pleasure to work with Tony Evanson, Managing Director of Oceanair UK Limited, who was honest, straightforward and did everything promised to a high professional level.” 

Tony Evanson, Managing Director of Ocean Air UK Limited, commented:

“We have been delighted with the service we have received from FHP and in Particular Anthony, he was attentive to our needs and understood the speed at which we had to move.  As gas boilers are being phased out in favour of air source heat pumps it was imperative we increased our storage capability to keep up with demand, Anthony worked closely with us and expedited the whole transaction in a very timely manner something rare in these Covid times.” 

For further information on this transaction or the other sales/lettings completed in the Mansfield region please contact Anthony Barrowcliffe on 07557 972008 / anthony@fhp.co.uk.

The industrial and logistics sector continues to thrive as demand far outweighs supply across the East Midlands.  More locally this trend is witnessed between Derby and the neighbouring town of Burton on Trent which is connected via the A38 corridor.  The A38 corridor is a busy north/south connection between the M1 and M6 Motorway thus a popular location for mid to large sheds.  Existing stock levels are low due to unprecedented activity within the sector on both a leasehold and freehold basis.  Whilst new schemes are in motion, we are unlikely to see these delivered within the next 6 – 12 months.  Developers are trying to meet demand but there is an obvious time lag between deciding to speculatively develop and delivering buildings of 100,000ft²

Darran Severn of FHP Property Consultants comments:

“Despite the pandemic, stock levels have never really risen to anything more than a bare minimum and we are now at an all time low.  The market has since been extremely active.  We have disposed of almost all our existing stock between 1,000ft² and 30,000ft² completing over 30 deals within the last 9 months across the region.  We have seen a pleasing uplift in both rental and capital values.  Whilst we currently have a selection of stock available, we do require more.  We are speaking with occupiers on a day to day basis that require industrial/warehouse premises along the A38 corridor from 10,000ft² – 100,000ft² plus.”

Dan Mooney from FHP Property Consultants comments:

“We are pleased to have been recently instructed to market several land opportunities at Drakelow Business Park, which is located to the south of Burton.  We have seen excellent take up for land across the county within the last 4 months and are pleased to be taking frequent enquires for industrial/land in Burton on Trent from various occupiers including local businesses to those based within the wider East Midlands area.  In the past couple of weeks, we have put a ½ acre plot under offer with another ½ acre plot just about to go under offer in the coming weeks.  We still have further sites available up to 2½ acres, but I expect these will be taken shortly.  Whilst we only have sites available, I am speaking with numerous businesses seeking 1,000ft² – 10,000 ft² units but unfortunately have few opportunities to show them.”

Should you require any further information or wish to discuss any of the above in more detail, then please contact Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk or Dan Mooney on 07929 716330 / dan.mooney@fhp.co.uk.

ENDS

Darran Severn

12 October 2021

FHP Property Consultants are pleased to announce the recent letting of Units 1 & 2, Ecclesbourne Park, Cotes Park Industrial Estate, Alfreton to JPL Upholstery Limited.

Ecclesbourne Park is located on the Cotes Park Industrial Estate, a well established industrial and distribution location which is accessed directly off the A38.  The unit comprises an end terrace light industrial property providing clear span industrial/warehouse accommodation with parking/loading to the front.

The unit has been let on new lease terms for a period of 5 years.

Darran Severn from FHP Property Consultants comments:

“I am pleased this letting has completed, even more so that Ecclesbourne Park is now fully let.  Demand around Junction 28 of the M1 continues to rise as existing stock become more and more scarce.  As a result we have been able to push on rents by another 25p per sq ft, in turn increasing the investment value of the site.”

Should you require any further information on this letting then please contact Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk.

FHP are exceptionally pleased to announce that we have now let ten units at Quayside Court and have the last remaining two industrial units under offer, which means full capacity/occupancy has almost been achieved.

Alongside the standard 3-5-year lettings we have also managed to agree between three short term lettings on license agreements, two of which have been to television companies filming from the units with presenters such as Stacey Solomon and Nick Knowles.

New tenants to the site coming soon include an established dance school taking occupation of Unit 3 (above the Quayside Café) and Batfast, a global sports and entertainment business powered by world class technology, taking occupation of Unit 12.

Anthony Barrowcliffe of FHP Property Consultants commented:

“Sensible rents (£8 per sq ft) alongside a reasonable and fair service charge and excellent product is the reason I believe this scheme has flourished, as well as a landlord who is open to all types of occupiers and potential deals.  I am exceptionally confident the estate will be full by Christmas achieving 100% occupancy.” 

Nigel Rhodes of DL Rhodes & Sons, the landlord, commented:

“The interest generated by Anthony from FHP has been amazing, we will have 100% occupancy within the next month with the last two units in legals.  Even when we had a few empty units Anthony managed to get some short term lets to TV companies who were filming in the area.  I am really pleased with how quick Anthony has filled the units and also filled my two other units in Arnold.”

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

Activity continues to shine in the industrial/warehouse sector as demand far outweighs current supply. This is evidenced by Unit 8 Prime Industrial Park, Derby which despite having considerably low eaves, has now been let. This clearly shows the confidence that many occupiers have in their business direction particularly given the previous year of lockdowns and economic uncertainty.

Prime Industrial Park is situated on Shaftesbury Street and just off Ormaston Road which provides important road connections into the city. The industrial park comprises 10 units ranging from 2,000ft² to 8,200 ft², with Unit 8 being one of the larger units measuring 8,156ft².

Unit 8 has been let on new lease terms to Arm Furniture Ltd for a period of 5 years. This letting follows the recent lettings of Unit 3, 4, 7 and 10 earlier this year, with the last remaining Unit 9 anticipated to complete by the end of October.

Dan Mooney of FHP Property Consultants commented:

“It’s fantastic to see the Unit 8 deal cross the line. Arm Furniture Ltd will be a great addition to the Industrial Park and are expected to use the unit for their growing furniture storage business. With Unit 9 next door currently under offer, this will see Prime Industrial Park reach full occupancy which is an excellent achievement for the team at FHP Property Consultants.”

If you are currently looking for industrial/warehouse accommodation in Derby, stock is increasingly limited so please get in touch to discuss your requirement.

For further information, please contact Dan Mooney on 07929 716 330 / dan.mooney@fhp.co.uk or Darran Severn (07917 460 031 / darran@fhp.co.uk).

Working with North West Leicestershire District Council since April 2020, FHP Property Consultants are pleased to announce their commercial property portfolio is fully occupied.  In the past year, the mix of office and industrial units across their portfolio has gone from 17 voids to fully occupied.

Chris Proctor, Associate Director at FHP Property Consultants, commented:

“It has been a pleasure working with North West Leicestershire District Council and a real success story taking this portfolio from 17 voids last year to a fully let portfolio. The past year has been a difficult period for businesses. NWLDC offer of flexible leases on small office and industrial space has been a fantastic support for many businesses. I look forward to continuing our partnership with North West Leicestershire District Council and continuing to help local businesses with their property requirements.

Stacey Harris, Property Officer at North West Leicestershire District Council, commented:

“We are delighted to have completed 17 lettings bringing new businesses and business expansion to the local area. We hope to continue supporting businesses through our partnership with FHP Property Consultants”.

North West Leicestershire District Council and FHP Property Consultants continue to receive enquiries and will look to work with local businesses to find suitable premises.  Please get in touch today if you are searching for your next property in the local area.

For further information on the deal or to discuss your property requirements in further detail, please do not hesitate to contact Chris Proctor of FHP Property Consultants on 07747 464 770 or email chris@fhp.co.uk.

The old saying of “location is everything” still runs true in the commercial property world, so hopefully this new instruction to market just over 30,000ft² of high calibre warehouse/industrial space with terrific offices and showroom all on a large site will go down well.

To be marketed by Tim Gilbertson and Chris Proctor of FHP, this is a superb building presented in really good order, with its own dedicated access off the A610 dual carriageway leading to Junction 26 of the M1.  The access is shared merely with one other occupier and the site benefits from a large car park plus excellent delivery access and numerous loading doors, whilst the property itself has good quality fitted warehouse space with superb extensive offices and showroom facilities.

Tim Gilbertson, Director at FHP Property Consultants commented:

“You would struggle to find a building of this size that is closer to the M1, with a dedicated access off the A610 shared with merely one other occupier, plus the building is within moments of Junction 26 of the M1 motorway and to add to its fabulous location, it’s also very well specified.  The building would suit any distribution or manufacturing occupier who wants a great location but also a large site with extensive car parking, good loading facilities and also high calibre extensive offices and showroom space.  It really is a terrific headquarters style building.

Immediately available, the building is empty and ready for viewings and please do not hesitate to contact my colleague Chris Proctor or myself to arrange to view.”

At just over 32,000ft², this is a welcome addition to the market at a time when space remains at a premium.

For further information or to arrange to view, please contact Tim Gilbertson (07887 787 893 / tim@fhp.co.uk) or Chris Proctor (07747 464 770 / chris@fhp.co.uk) of FHP Property Consultants.

ENDS

Tim Gilbertson

28 September 2021

We were struggling to find a suitable warehouse/office space suitable for our growth plans, luckily we were pointed in the direction of Anthony at FHP.  Within a couple of weeks we had viewed various units and found a perfect off-market opportunity.  Extremely happy with our new warehouse and the service provided by Anthony and FHP – Thanks

FHP Property Consultants are pleased to announce the sale of a 26,000ft² warehouse on Lowmoor Business Park in Kirkby in Ashfield to Reliable UK Trading.

The industrial unit comprised good quality, cost-effective production space and offices on a substantial site set within moments access of Junction 28 of the M1 Motorway.

The purchasers, Reliable UK Trading, offer a wide range of services from dedicated import and export facilities to direct sales of underfloor heating systems, light fixtures, solar energy equipment and the required components for all these systems.

Anthony Barrowcliffe of FHP Property Consultants commented:

“As a result of our comprehensive marketing and direct approaches to parties we knew were in the market for space such as this, we quickly generated strong interest in the building such that over 20 viewings were conducted and we encouraged several offers for the building which led to a competitive bidding scenario.  Certainly, the lack of freehold stock throughout Nottinghamshire played a major part here, but by keeping in touch with the market and ensuring that we were aware of all parties in this sector looking for space such as this, we were able to generate strong demand and interest, enabling a best bids process to be completed.” 

Tim Gilbertson, Director of FHP Property Consultants commented:

“Having dealt with this property on a couple of occasions before for our client when securing leasehold deals, this time around when we were tasked by our client to sell rather than let the building, I was confident of success.  As ever with FHP it is a real team effort and the whole industrial and warehouse agency team were involved with this disposal, Anthony leading the way in securing such strong interest and our hard work was vindicated through the best bids process, which provided a great result for our client but also pleasingly provided a superb new home for Reliable UK Trading.  We wish them well in the future. 

My only wish for the market as a whole was that we had more industrial and distribution stock available as we are regularly, as in this case, turning away potential tenants or buyers as competition is so keen for industrial and distribution space of any size throughout the East Midlands.  It goes without saying we would be delighted to hear from clients old or new to put forward marketing thoughts and proposals in order to take advantage of these landlord and vendor friendly conditions.”

For further information on this transaction or to see how FHP can help you with any commercial property matter, please contact Tim Gilbertson (07887 787 893 / tim@fhp.co.uk) or Anthony Barrowcliffe (07557 972 008 / anthony@fhp.co.uk).

Anthony Barrowcliffe of FHP Property Consultants is pleased to have brokered this off-market letting to Relic Vintage who are an exciting, young and dynamic retailer taking on the commercial high street and e-commerce market.

Relic Vintage buy and sell vintage clothing and exclusive sneakers feeding the streetwear market and appealing to millennials aged 16-25 and avid collectors of exclusive pieces.

The unit on Little Tennis Street, Colwick measured 2,342ft² and is being used by Relic Vintage for the storage and sale of their exclusive pieces alongside photo studios and offices to service their several retail stores.

Anthony Barrowcliffe of FHP Property Consultants commented:

“Having let this unit a few years ago I knew it well and saw the benefit of the works the previous tenant had done during their occupation.  I had been in conversations with Relic Vintage for some time and had viewed several other options with them.  As soon as the landlord called me to re-market this unit, I knew it would be perfect for Relic Vintage, which led to yet another off-market letting.” 

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

After contacting a number of letting agents regarding new premises for our growing business – not many called us back or took on board what we were looking for. That is until Anthony contacted us to say he had a property that was potentially coming onto the market and would we be interested in having a look. We arranged a viewing within a couple of days and met Anthony at the property. Anthony had done what others hadn’t – he’d listened to what we were looking for and the unit fit perfectly for our growth. Within days we’d agreed heads of terms and had secured a bigger premises to continue our growth. It’s been an absolute pleasure working with Anthony and FHP – we were kept informed throughout the process and nothing was too much work for them. Thanks once again for helping our business grow.

Core Workwear have moved to Catton Road in Arnold due to their rapid expansion and growth. Core Workwear is a family run business specialising in providing great quality branded workwear, uniforms, and clothing with in-house embroidery and printing experts able to offer a wide range of products.

9B Catton Road is an excellent industrial unit, measuring 2,251ft², and benefitting from a great internal fit out as well as being in a very strong industrial location.

Anthony Barrowcliffe of FHP Property Consultants commented:

“Another off-market letting conducted, this giving another example of understanding a live requirement and meeting it as soon as the appropriate property comes our way.

Excellent terms were achieved on this letting, resulting in a total void period of only 10 days for the landlord, again showing the strength of the market. The incoming tenant was exceptionally happy with the deal and quality of the premises, and I am sure will trade fantastically well in their new home.”

Ross Crayton, Managing Director and owner of Core Workwear commented:

“After contacting a number of letting agents regarding new premises for our growing business – not many called us back or took on board what we were looking for. That is until Anthony contacted us to say he had a property that was potentially coming onto the market and would we be interested in having a look. We arranged a viewing within a couple of days and met Anthony at the property. Anthony had done what others hadn’t – he’d listened to what we were looking for and the unit fit perfectly for our growth. Within days we’d agreed heads of terms and had secured a bigger premises to continue our growth. It’s been an absolute pleasure working with Anthony and FHP – we were kept informed throughout the process and nothing was too much work for them. Thanks once again for helping our business grow.”

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

15 September 2021

A rare opportunity has presented itself in the industrial/warehouse market, where supply is considerably low especially throughout the East Midlands, while demand is ever-so strong. FHP Property Consultants are delighted to be marketing a freehold unit at Sawley Park which is situated on a securely fenced and gated estate just off Nottingham Road in Derby.

The premises comprises an end of terrace unit providing clear span accommodation measuring 1,291ft², with roller shutter door access and parking to the front.  This is in a highly sought-after estate that provides immediate access to the A52 Brian Clough Way and links to the A38 and M1 Motorway.  We are seeking offers from any potential buyer at a competitive price of £185,000.

To be marketed by Dan Mooney of FHP Property Consultants, who commented:

“Freehold industrial units do not come by very often in this active market. I receive several calls a day from individuals looking for units in the 1,000ft² bracket.  I anticipate this will be very well received by owner occupiers and investors, but I urge any potential buyers to contact me as soon as possible as this is an opportunity not to be missed.  I will be launching this unit to market in the coming week, with immediate availability for viewings thereafter.”

For further information or to arrange a viewing, please contact Dan Mooney on 07929 716 330 / dan.mooney@fhp.co.uk or Darran Severn (07917 460 031 / darran@fhp.co.uk).

ENDS

Dan Mooney

10 September 2021

I am really happy to have started a new role in the property industry at a time filled with uncertainty. Although I wasn’t sure what to expect, I have really hit the ground running having already carried out numerous viewings and inspections across key sectors in Derby and the wider East Midlands.

With that, I am rather surprised how active the property market is at the moment, with the industrial/warehouse sector continuing to be red hot. So far, I have been involved with the lettings of several industrial units and land opportunities at sites such as West Hallam Industrial Estate, with occupancy there almost completely full which is a fantastic achievement. The industrial market remains strong, and I am seeing enquiries particularly for the small to mid-sized units increase tenfold. This could be for a number of reasons, including new business ventures, smaller occupiers seeking expansion opportunities, and the rise of e-commerce taking the distribution market by storm.

In addition, despite being down on pre-pandemic levels, the office market is slowly beginning to see activity particularly at the low to medium size brackets, with many occupiers evolving their thinking on how to best use their space in anticipation of staff returning to the office.  It has also been interesting to take enquiries from interested parties looking to repurpose empty office space into alternative uses including residential conversions, particularly in areas such as Derby and Alfreton which could help support their local economy.

Furthermore, the notion that the high street is death is far from reality; despite the slump in activity over the last 12 months, I have noticed consumers slowly fall back in love with the high street. Occupiers must find ways to entice consumers back to shops, whether through green practices, adapting technology or becoming a mixed-use destination. Nonetheless, I have taken numerous enquiries from small retailers and individuals looking to continue new business ventures perhaps started during the pandemic, or those who are on their journey to business recovery. Derby has seen a high level of interest in high footfall areas, including St Peters Street, East Street and Albion Street which are all close to the Derbion Shopping Centre and the Riverlights Bus Station. It will undoubtably take time for the retail sector to reinvent itself, but I strongly believe that we will continue to see empty units become occupied again.

Overall, I am excited to progress within my role as part of the agency team at FHP, and likewise continue to see the gradual growth in all sectors as the economy recovers, individuals return back to the office and things return to some form of normality.

ENDS

Dan Mooney

9 September 2021

Freehold demand for warehouse and industrial space throughout the East Midlands has been extremely strong over the last few years and coupled with a major lack of supply, opportunities to buy have been few and far between.

Nowhere is this problem more acute than Junction 28 of the M1, always a strong market, where freehold opportunities are very sought-after and it’s a great pleasure therefore for FHP to bring to market at Bestwood Road, Pinxton a securely fenced and gated site of just over 1 acre upon which sit two detached units totalling over 20,000ft².

To be marketed by Tim Gilbertson and Chris Proctor of FHP Property Consultants, they commented:

“This is a real rare beast to the market, two good quality units on a securely fenced and gated large surfaced site, just off the motorway at Junction 28, we are expecting a lot of interest in this so would urge any potential buyers to contact us as soon as possible.

The fact that the two units offer good quality space, the newer of the two providing exceptional office and storage space, will really help us to drive a quick deal here for our clients who are relocating to purpose-built space which is under construction.

The site and buildings are available for immediate viewing, and we are looking to structure a deal whereby an exchange of contracts can be achieved with our buyer as soon as possible with vacant possession and occupation available in Spring 2022.

There is certainly scope on the site for the existing buildings to be altered and extended, subject to planning consent of course, and we feel that they would suit a massive range of occupiers, certainly though for any party needing a large site for vehicle storage, external storage space etc, this really is an opportunity not to miss.”

Currently owned by ConSpare who are expanding and relocating to purpose-built premises in the area, Operations Director Dave Bullock commented:

 “ConSpare has been based in Pinxton since we started trading in 1978. As the business continued to expand over the last 43 years, we had the space to gradually increase our office and warehouse facilities on the site. Business levels have increased significantly since lockdown ended and we have come to the conclusion that the time is right to relocate and build in extra capacity to facilitate our future growth plans.

Being based in Pinxton has definitely contributed to our success. As a supplier to the construction industry nationwide, you can’t get much more central than Pinxton, so we have been in a fantastic location to distribute to customers in all parts of the UK. Being so adjacent to the M1 means it is even more convenient, with ready access to the motorway network.

We have used our location to our advantage, inviting customers to use our facilities as a centrally located meeting point for their own meetings or to meet our team. We built our newest office and warehouse with this in mind, to be able to host high profile clients in a fitting environment. We are regularly complimented on how well presented the office and warehouse facilities are and how convenient they are to get to. We have used our location and our buildings to make a statement about who we are as a business and to showcase what we do. We will be sorry to leave our home after all these years which has served us so well.”

 For further information or to arrange to view, please contact Tim Gilbertson, Chris Proctor or Dan Mooney at FHP Property Consultants in our Nottingham or Derby offices on 0115 950 7577 or 01332 343 222.

ENDS

Tim Gilbertson

Director

6 September 2021

The industrial/warehouse sector has been extremely active throughout the first half of 2021 and demand has far outweighed supply across Derbyshire and the wider East Midlands.  FHP Property Consultants are pleased to announce that Amber Business Centre which is situated in Riddings, Alfreton, has achieved full occupancy for the first time in over five years following the recent letting of Unit 5 to Abby Logistics.

Unit 5 comprises a detached industrial/warehouse unit which has undergone a full refurbishment to include new cladding, level access and tailgate level loading doors, new windows and roof lights, LED lighting and offices.  The accommodation provides a total of 27,222ft² and benefits from a yard to the front and rear of the property.

Amber Business Centre was purchased by Mileway, the leading pan-European logistics real estate company, approximately three years ago.  During that time Mileway have been working with FHP Property Consultants to not only reduce voids but increase rental values.

Darran Severn of FHP Property Consultants commented:

“There are not many multi let industrial estates in the region that contain over 60 units totalling some 400,000ft² and to achieve full occupancy here is fantastic.  More pleasingly rental levels have significantly increased during that time and we have seen an increase of circa 10% over the last 12 months alone.  Unit 5 had undergone an impressive refurbishment and let with weeks of completion of the works”.   

Max Pearson, Asset Manager at Mileway commented:

“The letting of Unit 5, the last vacant unit on the estate, demonstrates the value created through the £1.2M refurbishment. We are delighted FHP has helped us secure Abby Logistics as a customer and are excited by the continuing strength of the Midlands industrial market.” 

For further information, please contact Darran Severn of FHP Property Consultants on 07917 460 031 or darran@fhp.co.uk.

ENDS

Darran Severn

31 August 2021

FHP Property Consultants are delighted to be bringing to market a new build industrial unit in Ilkeston.  The site is located on the fringe of Ilkeston town centre just off the A6096 Station Road and provides excellent access to the A610 leading onto Junction 26 of the M1 Motorway.

Works are due to start on the build later this year with practical completion anticipated in April 2022. The scheme will entail a simple detached warehouse/industrial unit comprising 3,000ft² with 4.9m eaves, 3 phase power and an electric roller shutter door, all within a secure fenced and gated site. The unit will also benefit from a good-sized yard and car parking.

Estée Coulthard–Boardman of FHP Property Consultants comments:

“Due to the ongoing boom within the industrial sector, there are currently very few opportunities to rent a warehouse unit either existing or new, particularly in Ilkeston which has a very strong industrial presence. The continuing challenge of sourcing steel is delaying the delivery of new build stock; therefore this is a rare opportunity that I anticipate will get snapped up quickly. I look forward to speaking with all interested parties.”

For further information or to arrange a viewing, please contact Estée Coulthard–Boardman on 07917576251 / estee@fhp.co.uk or Anthony Barrowcliffe on 07557972008 / anthony@fhp.co.uk.

ENDS

Estée Coulthard-Boardman

26  August 2021

FHP Property Consultants and Commercial Property Partners (CPP), joint agents on the scheme, are pleased to announce two new tenants to Units D1 & D2 at Long Eaton Industrial Estate in Nottingham.  The units are owned by Mileway, the leading pan-European last mile logistics real estate company.

Unit D1 totalling 41,301ft² has been let to Galaxy Insultation on a 15-year straight lease term.  The business, which is known as one of the main national providers of insultation, will occupy the premises as their East Midlands branch, which takes their total number of branches to 12.

Unit D2 totalling 21,162ft² has been let to Silicone Altimex Ltd on a new 10-year lease term.  The business provides high quality, integrated elastomeric solutions to medical device and bio-pharmaceutical manufacturers.

Chris Proctor, Associate Director at FHP Property Consultants commented:

“This was a fantastic result to be involved in, with the strategic refurbishment leading to two long- term leases.  It just shows that with a forward-thinking client there is great potential in refurbishing older assets and giving them a new lease of life.  I am pleased to have agreed the Galaxy deal on behalf of Mileway.  Andrew Jenkinson and the Galaxy team were a pleasure to deal with and I wish them all the best with the new branch.”

Sean Bremner, Director at CPP commented:

“It is great to have been part of this hugely successful project.  Our client applied a pro-active strategy to the refurbishment works, engaging the entire team to ensure the product would be well-received by the market.  The calibre of occupier and terms agreed within the respective deals are testament to that strategy and we are confident the new tenants will continue their successful operations from the property.”

James Chasen, Senior Asset Manager at Mileway commented:

“This refurbishment illustrates Mileway’s commitment to providing customers with an exceptional level of service and our drive to support the communities we serve.  We are pleased to secure these long-term leases, showing continued strong demand for our high-quality assets in key locations.”

For further information on the deal or to discuss your property requirements in further detail, please do not hesitate to contact Chris Proctor of FHP Property Consultants on 07747 464 770 or email chris@fhp.co.uk.

ENDS

Chris Proctor

Associate Director

24 August 2021

FHP Property Consultants are delighted to confirm the letting of Romney 70, West Hallam Industrial Estate, Ilkeston.  West Hallam Industrial Estate is a popular industrial estate currently comprising 106 buildings set in 118 acres and is conveniently situated within close proximity to Junction 25 of the M1 accessible via the A52.

Romney 70 provides a total of 6,851ft² and has been let to Harts Trading for a term of 3 years.

Dan Mooney of FHP Property Consultants commented:

“This is a great result for all parties involved. The unit offers economical warehouse space ideal for storage use.  Harts Trading Ltd is a growing furniture business looking to expand their business operations, so I am pleased to see this deal complete.  Activity in this area continues to grow, with many lettings being agreed in recent months and plans to redevelop a number of units in the coming months.

Furthermore, we are also marketing several hardstanding plots, which are ideal for prospective occupiers looking for open storage space in a fully secure location.  If you would like to arrange a viewing or discuss further, please feel free to contact me.”

For further information, please contact Dan Mooney (07929 716 330 / dan.mooney@fhp.co.uk) or Darran Severn (07917 460 031 / Darran@fhp.co.uk).

ENDS

Dan Mooney

20 August 2021

The industrial market in Ilkeston remains strong, and enquiries have continued in numbers with many lettings being agreed in recent months.  FHP Property Consultants are therefore delighted to be marketing industrial opportunities at Booths Industrial Estate, situated on Awsworth Road on the northeast side of Ilkeston giving good access to Junction 26 of the M1 Motorway via the A610.

Various plots ranging from 0.5 acres upwards are available on flexible lease terms and can be adjusted to suit individual business requirements.  The site can be suitable for local tenants or those looking to expand their business operations within the wider Derbyshire area.

Dan Mooney of FHP Property Consultants commented:

“Ilkeston has a particularly strong industrial presence, so it is fantastic to have further opportunities available to complement current interest.  The site is currently undergoing works and is anticipated to be available from October 2021.  The plots will come with 2-meter-high palisade fencing, CCTV and utilities which can be suitable for storage use. We anticipate the land will not be available for long, so please do not hesitate to contact either Darran Severn or myself.”

For further information or to arrange a viewing, please contact either Dan Mooney (07929 716 330 / dan.mooney@fhp.co.uk or Darran Severn (07917 460 031 / darran@fhp.co.uk).

ENDS

Dan Mooney

19 August 2021

The latest deal completed by FHP at Junction 28 of the M1 sees over 40,000ft² of good quality warehouse space in a prime position just off the M1 at its intersection with the A38 let to Sunbelt Rentals.

The deal was concluded by Tim Gilbertson of FHP who acted on behalf of a charitable client with Sam Robinson of Colliers acting on behalf of new tenants, Sunbelt Rentals.

Tim Gilbertson commented:

“It was great to see this deal over the line, this building generated a lot of interest from the start of our marketing and was quickly put under offer to a quality covenant.  Space around Junction 28 of the M1 is hugely sought-after and there will be speculative development coming soon in the region, but at present supply remains painfully poor.

We do have existing space coming to the market in the region in the not too distant future of similar size and larger, but the market is at its weakest in terms of supply I can remember in my 25 years of working in this patch.

Therefore, with this deal its always disappointing to turn down other potential tenants, but an absolute pleasure to deal with Sam Robinson at Colliers who acted on behalf of our eventual high quality tenants, Sunbelt Rentals.

We wish them well in the building and look forward to bringing similar stock to the market in the not too distant future.”

 Tim Gilbertson of FHP acted on behalf of charitable client of Gerald Eve and their representative, Gareth Owen, commented:

“FHP, along with the joint agent, John Sambrooks of Gerald Eve, were instrumental in getting this property under offer quickly after it was brought to the market. Once under offer, Tim’s expertise, knowledge and input was extremely useful in getting this deal over the line. Ultimately it was a good deal for both parties and one which my client was pleased with. Thank you to the FHP team for their assistance.”

For further information on the deal or to see how FHP can help you with your commercial property letting or sale, then please contact Tim Gilbertson on 07887 787 893 or email tim@fhp.co.uk.

ENDS

Tim Gilbertson

Director

16 August 2021

FHP, along with the joint agent, John Sambrooks of Gerald Eve, were instrumental in getting this property under offer quickly after it was brought to the market. Once under offer, Tim’s expertise, knowledge and input was extremely useful in getting this deal over the line. Ultimately it was a good deal for both parties and one which my client was pleased with. Thank you to the FHP team for their assistance.

The green light has been given for the speculative development of three warehouse schemes across the East Midlands to commence now that planning approval has been granted.

Investor ‘Urban Logistics REIT’ (ULR) and Developer ‘Wilson Bowden Developments’ have secured full planning consent for 255,000ft² of new industrial / warehouse and distribution space in six units across three sites in Nottingham, Castle Donington and Leicester.

Wilson Bowden Developments, whom have a strong history and track record in the delivery of Grade A warehouse space, will shortly begin construction on all three schemes next month with completion due in Q2 2022.

The three schemes comprise Blenheim Park in Nottingham where four units of 18,000ft², 24,000ft², 43,000ft² and 81,000ft² will be delivered, a single unit of 45,000ft² at Willow Farm, Castle Donington and a further unit of 44,000ft² at Optimus Point, Leicester.

The schemes will be jointly marketed by M1 Agency and FHP.  Toby Wilson of M1 Agency commented:-

“We are in a period of extremely low vacancy rates, combined with high occupier demand, especially in the mid-box market which has seen limited speculative development. We now have planning consent and construction will commence next month which is a real positive and will bring some much needed short term relief to the market.

Demand is robust and we are already in dialogue with occupiers on pre-let negotiations, frustrated by the supply constraints we are currently experiencing. This is an exciting time for the sector, and our six units will offer flexible commercial space to suit businesses of all shapes and sizes’.

Richard Moffitt of Urban Logistics REIT added:-

“All units are in excellent locations for logistics, designed to a high specification and situated on high profile and established business parks where there has been a shortage of available buildings in recent years. Subsequently, we expect to see strong demand and take-up creating a significant amount of jobs and bringing a boost to the local economy”.

John Proctor of FHP comments:-

“This is a welcome introduction of speculative space in to the mid-box market, spread across the East Midlands to balance the supply and demand characteristics. As we move into the build phase we are continuing to see significant demand for units in the small / mid industrial box sector and with existing stock in short supply along with many occupiers focusing on the here and now, speculatively building the units is most certainly the correct approach”.

Henry Henson of Wilson Bowden Developments added:-

‘We’re delighted to have secured full planning permission for the speculative development of these three schemes and to now bring forward the development of much needed mid-box warehouse space within the East Midlands market”.

For further information on the units please contact Toby Wilson (toby.wilson@m1agency.co.uk / 01158 960 461) and James Keeton (james.keeton@m1agency.co.uk / 01158 960 461) at M1 Agency or John Proctor (johnp@fhp.co.uk / 07887 787 880), Tim Gilbertson (tim@fhp.co.uk / 07887 787 893) or Chris Proctor (chris@fhp.co.uk / 07747 464770) at FHP.

ENDS

John Proctor

DD: 0115 841 1130

11^th August 2021

Property development and investment company, CEG, has secured planning permission to deliver a modern 1,933m² builders merchant facility for Travis Perkins at the Vesuvius development off Sandy Lane, Worksop.

CEG will build out the bespoke unit and lease it to Travis Perkins. The development will create 20 new jobs, deliver a new supply chain facility for existing local business and bring economic benefits to the area.

CEG is currently managing the comprehensive regeneration of the 17.75ha Vesuvius site. With planning permission for more than 200,000ft² of employment space, the multi-million-pound first phase of commercial development is due to complete this summer.

Providing a multi-tenanted 46,000ft² of industrial units, ranging from 1,200 to 5,000ft², and retail space adjacent to the recently opened Asda superstore, the first pre-let has already been agreed with Burger King.

Subsequent phases will also offer larger employment units including speculative as well as pre-let, design and build development for office, light industry, storage and distribution requirements. Nottinghamshire Fire and Rescue Service is also on site constructing a new fire station.

Lawrence Escott, Investment Manager from CEG, said:

“The regeneration of this brownfield site is proving a huge success. Vesuvius is fast becoming a thriving commercial destination and Travis Perkins will be a welcome addition.

“We will soon complete the largest speculative scheme of this scale and quality in Worksop for many years and we continue to see strong interest in the space from well-known national trade and industrial occupiers alongside smaller, local businesses.”

In 2018, supported by D2N2 Local Enterprise Partnership, CEG delivered a £5.5million package of works to create a new roundabout and access road opening up the site and remediating it for redevelopment. This makes the site easily accessible to the A60, A57, Worksop and its surrounds.

D2N2 LEP CEO, Sajeeda Rose, said:

“The Vesuvius site represents a landmark development for Worksop and the wider area. It’s great to see businesses such as Travis Perkins attracted to the site, creating new jobs and supporting our collective ambitions to rebuild and grow our economy.”

Chris Proctor & Anthony Barrowcliffe from FHP and Ben Flint from Fisher German are marketing the site.

ENDS

12 August 2021

Demand for industrial/warehouse units around 5,000ft² continues to soar and as a result, FHP Property Consultants are pleased to confirm the letting of 2B Aspen Business Park, Spondon, Derby, DE21 7SG.

2B Aspen Business Park comprises an end terrace industrial/warehouse unit which has been extensively fitted out as good quality office space with ancillary storage.  The property has excellent access to the A52 dual carriageway on the east side of Derby and therefore has good access to the M1 motorway.

The property has been let to Mercian Utilities who have taken a new 5 year lease.

Darran Severn of FHP Property Consultants commented:

“This is another example of how fast paced the industrial/warehouse sector is at present.  We placed the property on the market and were able to agree Heads of Terms within a matter of weeks. This is a slightly unusual warehouse unit being comprehensively fitted as offices, but this hasn’t proved to be an issue. 

Whilst we have a selection of stock available, we do require more.  We are speaking with occupiers on a day to day basis that require industrial/warehouse accommodation within Derby, Ilkeston, Alfreton, Ashbourne and Swadlincote. If you are having difficulty finding the right premises or are looking to sell or rent your premises, then we would be delighted to chat through and advise you accordingly.”

For further information on this letting, please contact Darran Severn of FHP Property Consultants on 01332 343 222 or darran@fhp.co.uk.

ENDS

Darran Severn

10 August 2021

On behalf of private clients, FHP Property Consultants are pleased to bring to market Unit 11 Dunstall Park Road, Ascot Drive, Derby on a leasehold basis.

The property occupies a prominent position on the corner of Dunstall Park Road and Ascot Drive.  Ascot Drive is a very popular location for trade counter, production and warehouse operators and occupiers within the immediate vicinity include Magnet, Jewson, Go Outdoors, Screwfix, B&M, Howdens and Dunelm.

The property comprises a trade counter/warehouse unit with a fully glazed trade counter reception/showroom.  There are first floor offices which are accessed separately providing further storage/showroom accommodation.  There is customer parking to the front and securely fenced loading to the rear.  The accommodation totals 1,331.36m² (14,331ft²) and is available to let on new lease terms at a rent of £80,000 per annum.

Darran Severn of FHP Property Consultants commented:

“There is currently a shortage of stock in the region and it is therefore increasingly difficult for occupiers to find industrial premises.  I am therefore very happy to bring this property to market.  This is an excellent opportunity in a very sought after location.  Properties fronting Ascot Drive do not come along very often and on that basis, I expect to receive a good amount of interest.”       

 For further information or to arrange a viewing, please contact Darran Severn (darran@fhp.co.uk / 07917 460 031) or Dan Mooney (dan.mooney@fhp.co.uk / 07929 716 330).

ENDS

Darran Severn

30 July 2021