With Christmas looming and thoughts turning to the end of the year, a few days of relaxation and hopefully even the chance to see family, this year’s retrospective review is certainly different to the previous ones I’ve written in a world none of us could have foreseen at this stage last year.

Looking back the year has flown, a standard first couple of months of the year with good trading conditions when we let and sold substantial amounts of new build, second-hand and older office, industrial and distribution space in a market that had continued in the vein of previous years where the underlying sentiment remained good demand and not enough supply.  Rents and capital values continued to nudge up during the first quarter and no one really expected anything other than a fairly standard year to unfold.

However, the world then changed and we were all thrown into a “new normal” (don’t you hate that phrase!) which nobody could have planned for and which no business could have foreseen.

At the time, as a board we sat around a virtual meeting table and discussed the way forward, planning accordingly but how do you plan for unprecedented circumstances with an open-end date?  With difficulty was certainly the answer and all we could do was look after our staff and clients as best as we possibly could, have everyone working from home as soon as possible and try our best to provide the premier service that we always aim for.

Normally when I’m looking back over the year I think about the deals done and the success had, and there is certainly plenty of deals and plenty of success which continues to please and amaze me in equal amounts, but the second quarter of the year will only ever undoubtedly be remembered as one where every business transformed itself as best it could and hopefully we managed ours well.

Deal activity during the second and third quarters of the year did fall, but again it’s staggering how resilient the distribution and manufacturing sector remained as we still agreed and completed on numerous sales, lettings and acquisitions, never once failing in our aim to put our clients first and go that extra mile.

What is clear looking back is that the last few months have actually removed many time-wasters from the market and whilst enquiries and viewings undoubtedly fell, often as we simply weren’t allowed to undertake viewings or go to meetings, the resilience and determination of the sector and indeed businesses throughout the East Midlands shone and with the pandemic conditions eased slightly the world looked a much better place.

The remainder of the year then saw a continuation of those conditions and whilst the second lockdown in November undoubtedly hampered the economy hugely and indeed our market, we continued as before to rent, sell and acquire property for clients throughout the East Midlands and beyond with startling regularity.

As I write this at the end of the year it makes me truly proud of the team that I am part of at FHP and the way in which we have somehow navigated what could have been the worst year on record and managed to make it instead one of the best certainly financially, but even more so by the way we have looked after our clients and also our staff, and we can look to re-energise over the Christmas period and hopefully come back fighting fit for 2021 when again we are in a position of not knowing what the twelve months ahead of us will throw up.

Bizarrely though as we turn into the New Year the market sentiment remains the same as it was before the pandemic, there isn’t enough space, there is good demand and in simple terms we need more stock across all industrial and distribution sizes and in all parts of the region.  Predicting the year ahead will be even more impossible than normal, but I would love to think that when I look back on 2021 overall from a business perspective it will have been as positive as 2020, but from a personal and human perspective let us all hope that we can really look forward to celebrating Christmas 2021 in style to make up for the lack of celebrations in 2020.

As I seem to end almost every press release I write, if any clients old or new would like to discuss disposing of their industrial or distribution premises then please do give me a call, we need more stock and I would love to help!

ENDS

Tim Gilbertson

07887 787 893

tim@fhp.co.uk

Date: 18^th December 2020

FHP and JLL are delighted to announce that we have completed on the leasehold transactions for Unit 3B, Unit 11 and Unit 28 at Roseland Business Park, Newark.  This flurry of lettings demonstrates that the A1 region remains a strong market, proven by the fact that these recent lettings mean we only have one unit remaining at the estate up for grabs before full occupancy is achieved.

Unit 3B measured 15,712ft² and benefited from an excellent 0.9 acre gated yard and was let to Thielmann UK Limited, one of the world’s leading manufacturer of stainless steel containers.

Unit 11 measured 3,603ft² and benefited from excellent outside space being let to Fernn Limited, who run a successful recycling business.

Unit 28 measured 12,731ft² offering fantastic storage space being let to Cardzone, a family run retail business operating over 170 gift card stores all over the UK.

Anthony Barrowcliffe of FHP commented:

“The Newark and A1 region remains a strong industrial market and I look forward to achieving full occupancy at Roseland in the future.  In the last two quarters of 2020 FHP and JLL have let 32,046ft² of industrial space on strong commercial terms to tenants I believe will trade from this location for many years to come.  

There are also various design and build options available at the estate ranging from 15,000ft² to 200,000ft² which is really exciting and I look forward to working at Roseland Business Park for many years to come.  This location and estate is only improving and growing and I look forward to being involved in many more transactions in the future.”

Helen Macrow of Summer Estate Holdings commented:

“Since bringing FHP on board jointly with JLL we have been really pleased, this new relationship has been a huge success and both agents have worked fantastically well collectively.  The estate is almost at full occupancy with further development to follow, I have particularly been impressed with Anthony’s proactive approach, local knowledge and hard work”.

For further information on these leasehold deals or for other opportunities within the industrial sector or to learn how FHP can help you please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.

Since bringing FHP on board jointly with JLL we have been really pleased, this new relationship has been a huge success and both agents have worked fantastically well collectively.  The estate is almost at full occupancy with further development to follow, I have particularly been impressed with Anthony’s proactive approach, local knowledge and hard work.

I am pleased to inform the market that we have six of the units at Quayside Court Industrial Estate under offer.  This new development consists of twelve industrial/warehouse units, which means we are at 50% occupation before practical completion has been announced, which is expected on 1 January 2021.

The Developers DL Rhodes & Son have ensured to deliver this scheme to a high specification and are so pleased with the standard and location they have relocated their head office and warehouse from Blenheim Industrial Estate to Unit 1, Quayside Court.

The six remaining units vary in size and we can offer from 2,500ft² to 7,500ft² on leasehold terms.  The units provide an excellent eaves height of 6 metres, 3 Phase power, electric roller shutter doors, lighting, and WC blocks.  This site provides excellent security via a private electric gate, CCTV and security lighting alongside offering good car parking provisions.

Anthony Barrowcliffe MRCS from FHP Property Consultants commented:

“An excellent scheme in an established industrial and office location.  This development was very much needed as demand is still outstripping supply especially in the Colwick area, this demand being demonstrated by having 50% of the site let before practical completion has even been announced. 

I look forward to 2021 with optimism that we will gain full occupation and am proud of the remarkable resilience that is being witnessed across the region with property transactions continuing with local businesses growing and, in some cases, even flourishing. 

I advise all businesses looking to relocate or expand to engage with either myself or Musson Liggins early in the new year before the site is full.”

For further information on the industrial market, other opportunities, or how FHP can assist you please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.

FHP Property Consultants, acting on behalf of institutional clients of Barings Real Estate, are delighted to welcome window and door specialists Safestyle UK plc to Unit 2 Glaisdale Point, Nottingham. The 15,762ft² unit was refurbished recently and had not been on the market for very long.

Steve Caves, national operations manager at Safestyle UK, commented:-

“Nottingham is a great location for the new Safestyle depot and was chosen specifically because of its central location and excellent transport links.

“This has been a challenging year for the whole country so we’re particularly pleased to be opening our Nottingham depot just before Christmas and creating around 70 new jobs in the local economy.”

Chris Proctor & Tim Gilbertson who brokered the deal on behalf of the Landlord commented:-

“The location of Glaisdale Drive continues to show its strength with another household name secured on this good quality warehouse unit which had only come to the market earlier this year. FHP have completed over 75,000ft² on the Glaisdale Drive estate in 2020 and have Units 4 & 5 Glaisdale Point under offer currently, which is due to complete shortly as well. We wish Safestyle UK all the best with the expansion, which has been led by a growth in home improvements in 2020”.

For further information please do not hesitate to contact Chris Proctor of FHP Property Consultants on 0115 841 4798/ 07747 464 770 or email chris@fhp.co.uk.

ENDS

Chris Proctor

Date: 11^th December 2020

RHQ ZombieCo has doubled the size of its distribution operation by signing a lease at Evelyn Street, Beeston.

Kit Pierce of RHQ Zombie, which was previously in Chilwell, commented:-

“Our primary focus is the design and manufacture of miniature figurines, paint and accessories for hobbyist around the world.  We’re pleased to announce an expansion to our UK and EU distribution unit.”

Chris Proctor of the Office and Industrial Agency Team at FHP Property Consultants, who acted for the tenant, added:-

“I am pleased to have found my client RHQ ZombieCo a property to suit their UK expansion.  The new facility will allow a greater level of production with double the space available to them.”

Scott Osborne, Director at Innes England, acted for the landlord Mileway who acquired the site last year, commented:-

“It’s good news for the area that another growing business has moved to the popular industrial estate. With everything we have experienced this year, it’s great to know that ambitious businesses are still keen to locate to Evelyn Street.”

Its location and specification have proved to be in demand with local businesses over the last couple of years and I was pleased to help another client achieve their full rental potential.”

Joint letting agent, Sean Bremner at Commercial Property Partners added:-

“There is a good balance of businesses on the estate and this unit is an excellent match for RHQ ZombieCo.”

For further information on this deal or to discuss your property requirements please do not hesitate to contact Chris Proctor of FHP Property Consultants on 0115 841 4798/07747 464 770 or email chris@fhp.co.uk.

ENDS

Chris Proctor

Date: 9^th December 2020

As the year draws to a close, activity and demand in the manufacturing and distribution sector throughout the East Midlands continues with no sign of demand for storage and production space in the region diminishing.

Opportunities to buy and rent are few and far between so hopefully the forthcoming availability of a unit of over 25,000ft² on the popular Cotes Park Industrial Estate at Somercotes in Alfreton, which sits on a large site of over 2 acres, might appeal to any number of potential occupiers.

Tim Gilbertson of FHP Property Consultants commented:-

“We helped our client purchase this building a couple of years ago, and with the current tenant due to vacate shortly, they are taking the sensible step of refurbishing the building to create a very good quality industrial unit set on a popular estate with quick access to the A38 and Junction 28 of the M1 motorway.

The building totals over 25,000ft² and will be presented in excellent order throughout, but perhaps the key attraction here is the large site upon which it sits extending to just over 2 acres.

It’s always incredibly difficult to find good quality space on a large site so hopefully, as a new lease is available on what will be a really good building, we should be able to generate interest quickly and agree a new lease in the not-too-distant future.

Whilst the refurbishment won’t start for a few weeks, we can show potentially interested parties around the building now and advise as to the extent of works that our clients will undertake to create a good quality building here.”

For further information on the refurbishment or to make an arrangement to view please contact any of Tim Gilbertson, Chris Proctor or Estée Coulthard-Boardman on the details below.

ENDS

Date:  08 December 2020

On behalf of clients Travis Perkins, FHP Property Consultants are pleased to confirm the disposal of a 7,000ft² industrial/warehouse unit on Trent Lane, Castle Donington.  The property is situated within an established and popular industrial location and has most recently been used by Travis Perkins as a builder’s merchants.

Darran Severn of FHP Property Consultants, commented:

“The property sits on a site of approximately 1.5 acres, making this an extremely rare opportunity.  Travis Perkins, who lease the site, were looking to limit their liability and assign the lease to a new party. 

Following our inspection, we placed the property on the market and within one week of marketing we had received four offers from local businesses.  Although I cannot disclose the full details of the deal, I’m pleased to say we achieved an excellent result on behalf of our client.”

Should you require any further information on this deal, then please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

Darran Severn
Date: 3^rd December 2020

I am pleased to announce that I have now completed on an off market industrial investment property on Pintail Close in Netherfield, located behind the Victoria Retail park.  The units totalled 8,103ft² and had a 5-year lease in place to an excellent tenant on attractive terms.  The investment included two steel portal frame mid-terrace industrial units with 5.5 metre eaves on an excellent service yard benefiting from quick access to Nottingham City Centre via the Colwick Loop Road.

Anthony Barrowcliffe MRICS of FHP Property Consultants acted on behalf of the vendor and Ross Whiting MRICS of Innes England acting on behalf of the purchaser.

Anthony Barrowcliffe of FHP Property Consultants who brokered the deal comments:

“I initially let these Units on Pintail Close for the landlord, so I am particularly pleased that I could go on to sell the investment.  Having offered this to a select number of investors I was able to obtain off-market interest. Ross Whiting of Innes England represented the eventual purchaser and terms were agreed and a deal was concluded. 

At present there are very few opportunities within Nottinghamshire to secure good quality industrial investments with few assets coming to the market of this size and nature, which meant I was able to agree the sale of this property before placing it on the market. There is strong investment demand for high-calibre industrial assets like Pintail Close which has meant investments like this have become very sought after. 

FHP have new and exciting things happening in Netherfield and Colwick, and we look forward to engaging with businesses and investors alike, so we can understand requirements and put together more transactions like this in the future. 

The industrial market sentiment remains positive with demand outstripping supply and we continue to see rental and capital values in the industrial sector improve, with some of the highest occupancy levels in 10 years, despite everyone’s fears of the implications of Brexit and Covid-19.” 

For further information on the industrial market, other opportunities, or how FHP can assist you  please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.

4 December 2020

An industrial/warehouse property is undergoing a complete refurbishment and remodelling to provide high quality production or storage space at the established Amber Business Centre in Derbyshire.

The building totals some 27,000 ft² and will provide both level access and dock-level loading facilities, with integral office area.  Externally there will be dedicated parking and yard space.  The Amber Business Centre is located in Riddings, Alfreton, with easy access to the A38 dual carriageway and thereby onto junction 28 of the M1 motorway to the north or to Derby and the West Midlands to the southwest.

Tim Richardson of FHP Property Consultants, comments:

“The Amber Business Centre extends to some 400,000 ft² of industrial space and, with the exception of this unit, is currently fully occupied.  Our clients have made the right decision to fully refurbish this building, which will present an opportunity to lease high quality space in a popular and established location and at a competitive rent.”

Plans, specification and timescale are available from the agents and, given the shortage of industrial and distribution premises on the market at this time, we would encourage early discussions.

For further information, please contact Tim Richardson at FHP Property Consultants on 01332 224 857 or email timr@fhp.co.uk or Darran Severn on 01332 224 854 or email darran@fhp.co.uk.

Tim Richardson
Date: 2^nd December 2020

FHP Property Consultants have completed the sale of Unit 39 Chequers Industrial Estate to a local investor for an undisclosed sum.  The property comprises a modern industrial/warehouse unit and extends to approximately 2,325ft².

Darran Severn of FHP Property Consultants commented:-

“There are few opportunities available if you are looking to buy an industrial/warehouse unit between 1,000ft² and 5,000ft² in Derby.  As a result, we were able to agree the sale of this property before placing it on the market.  Although I cannot disclose the sale price, I can confirm we achieved a figure over £90 per ft² which is strong for second hand stock.

I am currently speaking with a number of local occupiers and investors, who are actively seeking similar buildings up to 15,000ft², and I would be pleased to discuss any further opportunities.”

For further information on this sale or to discuss your property requirements, please contact Darran Severn on 01332 224 854 or email darran@fhp.co.uk.

ENDS

Darran Severn

Date: 26 November 2020

The Duchess of Rutland, Emma Manners is offering a range of industrial units to let for commercial use in Belvoir, Grantham.

The estate of warehousing which was previously a site of Belvoir Fruit Farms is located a few minutes drive from Belvoir Castle and the Engine Yard and is located close to the A52 and A46 dual carriageway and most importantly the A1 trunk road.  The units provide excellent access to Nottingham, Leicester, Lincoln and Grantham and are in the process of a full landlord refurbishment.

The site comprises several steel portal framed warehouse/industrial units with roller shutter doors, 3 Phase power and lighting on a large gated and secure yard.  Units can be combined to meet size requirements ranging from 1,000ft² to 7,500ft² and can be adapted to suit lots of requirements also offering a hardstanding gated yard with a portacabin office.

Anthony Barrowcliffe of FHP Property Consultants commented:

“This is an excellent opportunity to get industrial space on flexible terms and competitive rents to service the local or East Midlands market.  Landlord works are to follow and over time I believe this will become a thriving industrial estate.  Not only can we provide lots of different size options, but we can also offer flexible lease terms and can do specific works to the units to appeal to individual requirements. 

The appetite within the Grantham, Newark and A1 region is exceptionally strong and offering refurbishes small to medium sized industrial units ideal for B1, B2 and B8 uses fulfils the shortage of stock within the market and this region.   

I look forward to engaging with interested parties and discussing this with occupiers wanting to benefit from the A1 and A46.  I have had great success in this region over the last few months and continue to build FHP’s profile in this area.” 

For further information on Belvoir Business Park or for an informal chat to discuss the local industrial market or free initial property advice please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.

Acting on behalf of the landlord Storer Holdings Limited FHP are pleased to announce that we have successfully let three small industrial units within an exceptionally short time frame in Daybrook and Arnold.

The units varied in size and consisted of simple commercial space ranging from 1,184ft² to 2,772ft² proving very popular throughout the marketing receiving strong interest and lots of enquiries.

The lettings were as follows:

Unit 2, Newstead Industrial Estate, Arnold – 2,772ft²

Unit 1, Morley Street, Daybrook – 1,412ft²

Unit 3, Morley Street, Daybrook – 1,184ft² 

Anthony Barrowcliffe of FHP commented:

“The landlord contacted me regarding three industrial instructions he wished to market.  Upon receiving the initial call and inspecting the units I had the properties on the market within the week and received strong interest almost immediately after conducting a thorough marketing campaign.

After several viewings we managed to agree strong terms on all three vacant units bringing the landlord’s portfolio back to full occupation.  This demonstrates how strong the small industrial sector is performing and how quickly stock is moving with still so many live requirements out there with simply not enough stock.

I believed our reactive response from initial enquiry through to completion met the client’s requirements perfectly and I look forward to working with the client again in the future.”

Graham Storer (the landlord) commented:

“Your company has been brilliant in getting our three units let.  Anthony has worked very hard on these lettings and I wanted to state that he has looked after us so well that I would always use FHP for any future lettings we may require.”

For further information on this transaction or for other opportunities within the industrial sector or to learn how FHP can help you please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.

After an extensive search of the market and thorough negotiations, Tim Gilbertson of FHP Property Consultants is delighted to confirm completion of the acquisition of a new 140,000ft² distribution centre at Worksop for Hancock Cash & Carry Limited.  The acquisition of this space will enable Hancock to continue their growth and it’s another great news story for the region as an existing East Midlands based company takes on a facility.

Tim Gilbertson commented:-

“After an extensive search and detailed negotiations, I am delighted that we have finally pushed this deal over the line to acquire for Hancock Cash & Carry a further building of 140,000ft² in an excellent location close to the M1 at Worksop. 

It has been a pleasure to deal with my clients on this instruction and to bring it to such a successful conclusion enabling them to continue their growth and success story despite the troubling times we have all encountered over the last few months is great to report.

They are currently fitting the space out and should be up and running shortly enabling them to consolidate their presence within the region and react efficiently and effectively to their client’s demands which have increased since the start of the year.

After having introduced to them any number of buildings and viewed many options too, it’s great that we’ve finally settled on a property that’s suited and it was a pleasure dealing with James Keeton of JLL and Rebecca Schofield of Knight Frank who acted on behalf of the outgoing Tenant to agree and conclude terms for a transaction.”

James Keeton of JLL, in conjunction with Rebecca Schofield of Knight Frank, acted on behalf of the outgoing occupier, Saint-Gobain, commented:-

“Working with our clients, we are pleased to have implemented an effective exit strategy on the building, ultimately relinquishing their interest and in the process enabling another occupier to utilise the space to grow their business. A good result all round.”

Supply Chain Director at Hancock Cash & Carry, David Nelson, commented:-

“It has been a pleasure working with Tim and the team at FHP throughout this project. The new site at Manton Wood will enable the Hancocks Group to continue its omnichannel growth while unlocking broader operational efficiency.

On a backdrop of sustained Covid-19 business interruption it was a great relief to secure this site.”

Tim Gilbertson concluded by adding:-

“Acquisition work on behalf of occupiers often goes “under the radar”.  However, when appointed to source, negotiate, and complete an acquisition of premises for occupiers it’s a very satisfying process and one which invariably ends up with a client who is grateful given the time and resources they would have to spend otherwise in undertaking such a role themselves and often treading well out their “comfort zone” in doing so.

Myself and all of my colleagues at FHP Property Consultants have undertaken numerous acquisitions for clients in all property sectors over the years and the market sector specific knowledge we have enables us, I hope, always to give the right advice and act expeditiously and effectively on behalf of clients throughout any sector.

Our acquisition work often goes unpromoted as frequently we are undertaking work for clients who don’t wish to publicise their property dealings but it’s always a very fulfilling and satisfying process when playing a small part in enabling a local occupier to expand, particularly when on such a scale as on this occasion.

David and his colleagues have been a pleasure to deal with throughout, I really wish them well for their continued success in this fantastic new 140,000ft² facility.”

For further information on the acquisition work that FHP Property Consultants can undertake for you should you and your company be considering relocating to either purchase or rent new space then please contact Tim Gilbertson at FHP on 07887 787 893 or email tim@fhp.co.uk.

ENDS

Tim Gilbertson

Date: 12^th November 2020

At FHP we are proud to have worked with Panattoni in the evolution and implementation of their three unit 714,000ft² 55 acre speculative development at Panattoni Park, J26, Nottingham.

The letting of the final 89,000ft² unit to Food Innovations sees all three units now let and occupied, with 75,000ft² being occupied by Hermes and the largest showpiece unit of 551,000ft² being let to a global e-commerce retailer.

The completion of the lettings brings to an end FHP’s 20 year involvement in the scheme.  Our original instruction was on behalf of BGL Landfill who were remediating the former British Coal Colliery Lagoons which served the decommissioned Moorgreen Colliery.

Working with BGL the site was promoted through the Local Plan process, planning consent was obtained and ultimately the site sold to Panattoni.

Panattoni Park, Nottingham is one of Panattoni’s first phase of developments within the UK and as one of Europe’s largest Industrial Developers they are now one of the most dominant and active operators within the UK.

We are delighted and proud to continue to work closely with Panattoni and we are currently offering their 523,400ft² unit at EMDC 525, Junction 24, M1 and are working on a number of strategic projects with them throughout the region.

It has been a pleasure working with Simon Norton & Sam Robinson at Colliers and Rob Rae & Rob Watts at Avison Young on the Panattoni Park, Nottingham scheme.

At FHP we are continuing to look for strategic sites which can be promoted through the Local Plan process, together with sites which have a planning consent in place and are ready for immediate development.

Contact: John Proctor

Tel:          0115 950 7577

Email:     johnp@fhp.co.uk

Date:      November 2020

11 industrial units were built at Balderton Business Park by Denmar Property Developments Limited and I am thrilled with the success we have had with only 3 units remaining to purchase.  This small industrial development has been hugely successful and has met market demand at a point where supply within the small industrial sector has been very low, especially on a freehold basis in the Newark and A1 region.

The units have been built around a central tarmac surfaced courtyard with allocated car parking and electric security gate at the entrance.  The units benefit from an eave hight of 5 metres, WC facilities, 3 phase power and are accessed by an electric roller shutter door, units ranging from 750ft² to 1,600ft².

The last units remaining are:

Unit 2 – 759ft² – £120,000
Unit 6 – 1,456ft² – £195,000
Unit 8 – 1,576ft² – £195,000

Anthony Barrowcliffe of FHP Property Consultants commented:

“I have been involved with Balderton Business Park from the beginning working closely with Denmar Property Developments Limited throughout the process and am delighted we have been able to sell most of the units.  With such limited stock on the market I feel optimistic we will sell the last remaining units quickly. The appetite within the Newark and A1 region is strong with many industrial requirements out there with limited stock to fulfil it. This is a great opportunity for an owner occupier or investor to purchase a new build unit in what is the leading property sector in performance.”

For further information on Balderton Business Park or for assistance or free advice with your industrial unit/estate please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.

It has been a pleasure working with Tim and the team at FHP throughout this project. The new site at Manton Wood will enable the Hancocks Group to continue its omnichannel growth while unlocking broader operational efficiency.

FHP Property Consultants are delighted to announce the letting of Unit C3 Field Industrial Estate to Ashfield Extrusions Ltd.  The 4,725ft² warehouse unit provides a quality, refurbished warehouse and office space with good levels of parking and decent sized yard, situated close Kirkby-in-Ashfield town centre.

Thomas Szymkiw of FHP’s industrial team commented:-

“It was a pleasure to assist Ashfield Extrusions with their further expansion on Field Industrial Estate.  The company have already acquired several units on the estate and this building provides further warehousing space to assist their growing business.

My investor client is pleased that the deal delivers them not only with a long-term secure tenant on favourable lease terms, but also no void period between the previous tenant vacating.

The transaction adds to a number of deals concluded by FHP in the locality recently – further demonstrating that despite the pandemic, the industrial sector continues to remain resilient.”

FHP are currently marketing other industrial/warehouse options in the Kirkby area, including:-

• To Let – Julias Way, NG17 7RB – 27,328ft² – £165,000 per annum
• To Let – Unit 1, Ellis Street, NG17 7AL – 14,459ft² – £50,000 per annum
• To Let – Former Travis Perkins Site, NG17 7AB – 4,765ft² – £26,000 per annum
• For Sale – Summit Close, NG17 8GJ – 5,252ft² – Offers around £395,000
• For Sale – Former Kirkby Components Ltd, NG17 7JQ – 2,655ft² – £149,995

For further information regards this letting, or to discuss how FHP can assist you with your property requirements, please do not hesitate to contact Thomas Szymkiw on 07896 035 805 or thomas@fhp.co.uk.

ENDS

Date:  13th November 2020

The refurbishment works at Block F, Hartley Business Centre are nearing completion which will provide the Nottingham industrial market with 31,000ft² of good quality production/warehousing space.

Available both as a whole or split, providing two 15,500 ft² options, the building offers a rare opportunity to acquire a sizeable unit with a good-sized yard in the heart of the city. By virtue of its location and prominence to Hucknall Road, the property would suit a range of occupiers with excellent access to the city centre, ring road and J26 of the M1 Motorway.

The refurbishment works will include a brand-new front façade with attractive grey cladding, brand new automatic roller shutter doors, resurfaced yard and a full internal refurbishment including new ancillary accommodation.

For further information on this opportunity, please contact Thomas Szymkiw of FHP Property Consultants on 07896 035 805 or thomas@fhp.co.uk.

ENDS

Thomas Szymkiw

Date:  12^th November 2020

FHP Property Consultants are delighted to have completed the sale of Units D & E Kingsway Industrial Park, Derby.  Handled by Darran Severn of FHP, the sale sees just over 15,500 ft² of space sold.

Darran Severn of FHP Property Consultants, commented:

“Demand has undoubtedly reduced slightly over the last few months, but it feels very much that any parties who are in the market now are seriously determined to acquire space.  There is still a limited supply of good quality freehold opportunities across the region and, as a result, we were able to put this property under offer within a couple of weeks of initial marketing.  Capital values remain strong and this is evident in this transaction where we achieved a sale price close to £75 per sq. ft, which is high for second hand kit in this size range.  I believe we could have sold this property several times within a relatively short time frame.

The property has been sold to a locally based company who have been seeking additional space for some time.  I’m currently speaking with several parties who missed out on this opportunity and I would be pleased to discuss any opportunities that may be coming to the market soon.”

The property was sold on behalf of David Hardaker’s company, H22 Limited.

For further information on this sale or to discuss your requirements, please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

Darran Severn
Date: 11^th November 2020

There’s no doubt that despite the horrible events of the last few months the distribution and industrial market continues to roll forwards and a lack of space rather than too much continues to be a problem throughout the East Midlands.  With this in mind, Tim Gilbertson is pleased to bring forward the availability of just over 70,000ft² of good quality space on Long Eaton Industrial Estate in Long Eaton on the edge of Nottingham and Derby.

Tim commented:-

“Set between the border of Derbyshire and Nottinghamshire, this building offers good quality cost effective storage or production space with quick access, not only to the main East Midlands cities, but also to the A50 and Junction 24A of the M1 motorway.

Very accessible for local labour as well as good access to the regional motorway network, the building offers simple straightforward space with a good sized delivery yard and extensive parking.

Hopefully this building will plug a gap in the market and provide a home to an expanding local business.”

For further information on the building or to discuss or arrange to view please contact either Chris Proctor (07747 464 770 / chris@fhp.co.uk), Darran Severn (07917 460 031 / darran@fhp.co.uk) or Tim Gilbertson (07887 787 893 / tim@fhp.co.uk).

ENDS

Tim Gilbertson

Date: 9^th November 2020

FHP are very pleased to announce that the Former Classic Rewind Building on Park Road in Lenton has now sold. The building had been occupied for many years by Classic Rewinds for commercial purposes but was sold with planning permission to be demolished and converted into 3 town houses.  The building consisted of 3,859ft² on a 0.09 acre site situated just off Castle Boulevard, a 5 minute walk to the City Centre.

Anthony Barrowcliffe of FHP Property Consultants commented:

“I met with Trevor Norman (owner occupier) over 2 years ago to discuss the options available with his building due to his retirement.   

After understanding the situation and from working through the appraisals I established that converting the building into residential would derive the highest freehold figure and would meet market demand within the area. 

The unit was in a residential location and was a great opportunity for a developer, builder, or investor to convert.  Trevor took my advice and instructed an architect to get the necessary residential consent prior to marketing.  The application was granted, and I proceeded to market this opportunity, which we went on to sell to Isla Investments Limited. 

I am very pleased with the outcome of this sale having advised the client from the very start right through to completion.  I was satisfied the correct advice was given and that I could advise on different strategies to achieve the highest freehold figure opposed to just marketing the site ‘for sale’ as its existing use.” 

Fiona Moore of Rotheras Solicitors represented the vendor and Vik Moothia of Elvin Moore solicitors represented the purchaser.

For further information on this deal or advice on development or conversion options available for your property please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.

Empire Interior Contractors Limited have recently completed on the purchase of 7A & 7B, Portland Drive in Shirebrook as their new manufacturing and head office facility.  Empire Contractors specialise in the manufacturing and installation of bespoke joinery and associated products operating nationally and internationally across all sectors.

Units 7A & 7B, Portland Drive consisted of a 10,150ft² unit set on a large secure self contained yard with an eaves height of 4.7 metres ideal for B1, B2 and B8 uses.

Anthony Barrowcliffe of FHP Property Consultants commented:

“I was very pleased to have been instructed to sell this unit on behalf of a longstanding client of FHP.  After a good marketing campaign, we engaged with Empire Interior Contractors who were a growing local company wanting to expand and purchase their own premises.  FHP worked closely with the vendor and the purchaser throughout lockdown and through combined efforts and cooperation we managed to complete on this 10,150ft² unit.”

Dean Strouther and Luke Pella of Empire Interior Contractors Limited commented:

“Purchasing the property on Portland Drive was our first venture into commercial ownership and was a major stepping stone for our business, a process that was equally rewarding and nerve racking.  With limited knowledge of this process our minds were quickly put at ease with Anthony taking lead of the sale to ensure everything was processed in a timely, yet accurate manner.  Although the sale was during the Covid-19 lockdown, the focus remained, and we were over the moon to complete mid-September and get the transitional process underway.” 

Kirsty Courtney-May of Hopkins Solicitors represented the vendor and Matthew Maiden of Banner Jones Solicitors represented the purchaser.

For further information on this deal or for other opportunities within the industrial sector or to learn how FHP can help you please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.

Barwood Capital and Caisson Asset Management have revitalised Swinstead Close, Nottingham with a high level refurbishment to bring forward an excellent small industrial space in a location just north of Nottingham City Centre with easy access to Junction 26 of the M1. The estate now has just one fully refurbished unit of 451m² (4,855ft²) at a quoting rent of £29,130 per annum available.

FHP Property Consultants working with Joint Agents, Commercial Property Partners, have now concluded a total of five lettings on the estate which most recently included the letting of Unit 4 Swinstead Close to City Fibres Limited.  The new Tenant has taken a long term lease of 20 years on the property at a new headline rent for the estate which shows further confidence in the location and the quality of the units.

Dan Maynard Partner at Caisson Investment Management commented:-

“‘Swinstead Close has been a great success story.  FHP and CPP were appointed at acquisition and have worked incredibly hard to drive the vacancy down from 55%, secure good quality tenants and realise optimal rents.  This, coupled with our extensive refurbishment programme, has repositioned the estate and considerably improved its reputation.”

Chris Proctor of FHP Property Consultants who brokered the deal commented:-

“Barwood Capital and Caisson Investment Management have delivered a high quality refurbishment to the estate which has rightfully been well received by the local market with the conclusion of five lettings over the course of 2020 and all leases achieving good quality headline rents and long term lease lengths.  We are delighted to offer one final fully refurbished unit ready for occupation which extends to 4,855ft².”

Stuart Waite of Commercial Property Partners commented:-

“It’s great to see investment into this scheme rewarded with several new lettings at a much improved headline rental tone.  We are sure there will be plenty of interest in the final remaining unit, with good quality units of this size in scarce supply across the city.”

For further information please do not hesitate to contact Chris Proctor of FHP Property Consultants on 0115 841 4798 or email chris@fhp.co.uk.

ENDS

Chris Proctor

Telephone: 0115 9507577

Mobile: 07747 464 770

Email: chris@fhp.co.uk

Date: 4^th November 2020

Warlord Games Limited who are an industry leader in the finest plastic, resin and metal 28mm historical miniatures have made the move to Unit 1 Central Court, Finch Close, Nottingham.  The property totals 1,759m² (18,935ft²) with good quality high bay warehousing and additional two storey office content as well as the benefit of a secure yard and car parking area. Warlord Games Limited have taken a long term lease on the property with room for expansion.

Colin Stone of Warlord Games Limited commented:-

“Warlord Games are delighted to move into their new premises at Finch Close. We have been looking for a new property to ensure the business can expand and grow in line with its forecasts for the next five years. We appreciate the great efforts FHP have made to help us take occupation.”

Chris Proctor who brokered the deal on behalf of the Landlord commented:-

“Warlord Games have been looking for a suitable premises in the area for several months and given our extensive requirements database and knowledge of the local market, we were able to agree terms well in advance of the previous tenant vacating to allow for an easy transition and minimal void period for our client.  This has been an excellent result for all parties involved and I wish Warlord Games all the best in their new headquarter facility.”

Caroline Findlay of Geldards LLP represented the Landlord and Alison James-Moore of Elvin Moore Solicitors represented the Tenant in this letting.

Robert Foley of Gaskells UK handled the dilapidations with the former tenant on behalf of the landlord.

For further information please do not hesitate to contact Chris Proctor of FHP Property Consultants on 0115 841 4798/ 07747 464 770 or email chris@fhp.co.uk.

ENDS

Chris Proctor

Your company has been brilliant on getting our 3 sites let. 

Anthony has worked very hard on getting everything sorted and I wanted to state that.  He has looked after us so well I would always use your company for any future lets we may require.  Currently we have 10 sites.

At any time, it’s great to let a building of nearly 80,000ft², but as Tim Gilbertson of FHP Property Consultants confirms below, perhaps it’s now more satisfying than ever – funny old world isn’t it?

There’s awful news on the television on a daily basis, and there’s no doubt that the property market is, like so much of the economy, struggling overall but it’s just as important that landlords, developers, tenants and property owners alike realise that not everything in the commercial property market is doom and gloom.  There are companies that are “winning” and deals are being done throughout the East Midlands on industrial and distribution space from a few hundred square feet up to hundreds of thousands.  Well positioned, well presented space always lets and sells well and when, as in this particular case, the deal I have completed sees a local company expanding and taking an additional 80,000ft² of space it certainly defines the term “job satisfaction”, and it’s the sort of good news story that every business owner and commercial property occupier alike should hear about as this will hopefully hearten them at a time when the mainstream media seem intent on focusing on all of the negatives rather than finding positives which in all honesty are not hard to unearth!

The deal completed sees fantastically located space just off Junction 28 of the M1 and the A38 of just under 80,000ft² let to Whitemeadow Furniture to enable them to consolidate and expand their operations as they take advantage of improving market conditions.  A clear case of a market-leading company investing and expanding which is great to report.

Operations Director at Whitemeadow Furniture, Peter Garnett, commented:-

“We currently find ourselves in the enviable position of a very healthy order book, which has led us to look for additional manufacturing space in the local area. We were delighted to discover additional space so close to our existing manufacturing units, which will not only enable us to fulfil our pre-Christmas order book on time for our customers, but it will also allow us to review our current sites and if necessary, consolidate existing sites in 2021.”

Tim Gilbertson concluded the deal on behalf of long term clients and Mike Wrigley and Fin Mitchell of Langham Park Developments commented:-

“We are absolutely delighted that not only have we very quickly secured a new long term tenant for this space, but at a time when some investors and developers are talking about “doom and gloom” in the market we are still finding a good level of interest in the opportunities we have, particularly in the industrial and distribution sectors.

Even more pleasing is the fact that we have helped a locally based company expand and relocate and we are sure in their new base that Whitemeadow Furniture will thrive.

Thanks again to FHP and Tim Gilbertson for their efforts here, we are sure we will have further deals to announce in the region in the very near future.”

Tim Gilbertson concluded by adding:-

“Not only did this deal see a major disposal of space in the region, but it was also completed very quickly with the new tenants moving in the day after the old tenants moved out and that in itself is cause for celebration, but does show the lack of good quality space in all sectors of the industrial and distribution market.”

For details on the transaction concluded or to see how FHP could help sell or rent your building or find you a new property to occupy please contact either Chris Proctor (07747 464 770 / chris@fhp.co.uk) or Tim Gilbertson (07887 787 893 / tim@fhp.co.uk) of FHP Property Consultants.

ENDS

Tim Gilbertson

With a current shortage of warehouse space below 3,000ft² in the local market, FHP Property Consultants are pleased to be able to offer this mid‐terraced unit of 2,482ft².

Derby Trading Estate comprises 26 industrial/warehouse units suitable for either trade counter, workshop or storage uses. The estate occupies a prominent, well‐located position between Sir Frank Whittle Road (A61) and Stores Road on the north side of Derby City Centre, providing good access around the City and to trunk connections beyond.

Unit 23 is available to let by way of a new lease at a rent of £18,615 per annum.

Estée Coulthard‐Boardman of FHP Property Consultants comments:

“This is a great unit that provides good quality accommodation. Warehouse units such as this do not stay on the market for very long and I am confident this will be snapped up quickly. We will be pleased to discuss with any interested party.”

For further information on this letting or to arrange a viewing, please contact Estée Coulthard‐Boardman on estee@fhp.co.uk or 07917 576 251. Alternatively, contact our joint agents, Innes England on 01332 362244.

Estée Coulthard‐Boardman
Date: 21st October 2020

Construction commenced earlier in the year on the final phase of the successful Victory Park development, which is situated next door to the Rolls-Royce civil aerospace campus in Derby.

Two units are now nearing completion.  Unit 14 of 13,500 ft² is a bespoke-build for Scitek Consultants, who are relocating there as part of their expansion within the City.

Unit 15 has been speculatively constructed and is available for sale or to let.  The building extends to 12,770 ft² and sits on its own self-contained plot with generous yard and direct access from Victory Road.  Construction is due to start shortly on Unit 13, which is 28,000 ft², again, on a self-contained site, with generous parking and loading area.

If you are interested in either of these industrial/warehouse buildings, then please do get in touch with Tim Richardson on 01332 224 857 or email timr@fhp.co.uk.

Tim Richardson
Date: 16^th October 2020

Acting on behalf of Nyland Graphics, Tim Gilbertson of FHP Property Consultants has completed the letting of Delves Road, Heanor Gate Industrial Estate following their recent relocation in a swift deal which has delighted Landlord and Tenant alike.

Having previously purchased the premises on Nyland Graphics’ behalf some years ago and having sold their original building nearly 12 years ago, it’s been a pleasure to act on behalf of Nyland Graphics again as Tim Gilbertson commented:-

“In this industry nothing makes you feel quite as old, but equally quite as satisfied, as selling or letting a building that you originally acquired for a client many years ago.  It was a pleasure to act on behalf of Nyland Graphics again here as I advised them on the sale of their previous building some 12 years ago, and the acquisition of this property on Delves Road in Heanor Gate which has subsequently served them well.  When they contacted me again to ask if I could assist with the disposal of the new premises as they were intending to relocate once more, I was delighted to assist and even more pleased to generate strong interest in the building from the start of our marketing campaign and agree a deal with the eventual tenants, Four D Rubber Company Limited, very shortly after marketing began.

An ideal result for all parties concerned, Nyland Graphics retained the premises and have a long term income on the building, Four D Rubber Company are able to expand and relocate into more modern, cost effective and superbly presented space, whilst I have been able to deal with a very valued and longstanding client once again even if doing so has made me feel even older than normal!

Being serious though, it shows again how well-presented space continues to let and sell well throughout the East Midlands and with this building having a large yard and car park that’s always an added benefit which almost automatically increases levels of demand.

I hope that in another 10 years’ time I’ll have the opportunity to relocate Nyland Graphics once again and wish their new Tenant great success in what has been a fabulous building over the years for my clients.”

Managing Director of Four D Rubber Company Limited, Richard Gogerty, commented upon his expansion:-

“Four D Rubber continues to grow rapidly and this high-quality building will become the cornerstone of our expanding medical device operations in the UK. It was great to secure such a premium site so close to our existing operations in Heanor, continuing our long-standing commitment to the area and to our workforce. Four D Rubber works with some of the largest medical and industrial companies around the world providing unique and market leading polymer products and materials. As a result, the business has grown rapidly in recent years and is set to continue on this exciting path into the future.”

Tim Gilbertson concluded by adding:-

“Whenever I have had opportunities to sell or rent space on Heanor Gate Industrial Estate it’s always gone well, it’s a well-positioned estate with ready access to numerous Derbyshire towns and accessibility for staff is always a key criteria for any expanding and relocating company.  I had to turn down four or five other parties for this building which is always disappointing so if any owners are looking to sell or let space in the region then I would be delighted to advise accordingly as certainly there is demand here for both sale and rental properties.”

For further information or to see how FHP Property Consultants can help you please contact either Tim Gilbertson on 07887 787 893 or tim@fhp.co.uk.

ENDS

Tim Gilbertson

Date:  13^th October 2020