On behalf of private clients, FHP Property Consultants are pleased to confirm the sale of Units 4 – 6 Downing Road, West Meadows Industrial Estate, Derby, DE21 6HA.

The property is situated on Downing Road, which is conveniently located close to Pentagon Island at the intersection of the A52 and A61.

The premises originally comprised three industrial/warehouse units which have all recently been combined and linked together providing 28,675ft².  The accommodation provides clear span space and has recently refurbished offices.

The unit has been sold to a local owner/occupier who required the space due to expansion.

Darran Severn of FHP Property Consultants comments:

“I am pleased this transaction has completed in what has been a great result for both our client and the purchaser.  The unit itself provides good quality warehouse accommodation which is perfect for storage and distribution.

There remains good demand for freehold warehouse units in Derby and further afield due to shortage in supply.  As a result, I am currently speaking with several parties that missed out on this opportunity and would be delighted to hear about any available units.”

For further information on this letting please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

Darran Severn

January 2025

Acting on behalf of private clients, FHP Property Consultants are delighted to confirm the letting of Units 11b – 11c Willow Farm Business Park, Castle Donington, DE74 2US.

Willow Farm Business Park is an established industrial/warehouse location in Castle Donington, Leicestershire.  The estate provides excellent access from the A50 to Junction 24/24a of the M1 motorway.  In addition, East Midlands Airport is directly accessed by the new Castle Donington western relief road.

The property comprises a semi-detached industrial/warehouse unit providing modern accommodation with clear span warehousing and offices.  Externally, the unit benefits from a large yard with a secure gated entrance.

Units 11b – 11c have been let to one occupier on new lease terms for a period of 10 years.

Darran Severn of FHP Property Consultants commented:

“This unit came to market earlier this year and following a short marketing period we successfully placed the property under offer.  We have been able to secure a 10 year lease at a rent equating to £7.95ft² which is excellent on accommodation of this age and specification.

This letting continues the trend that units between 20,000ft² and 80,000ft² have remained in demand throughout the year.  In particular, Castle Donington has proven again that it is an exceptional location and we are speaking with a number of parties that missed this opportunity and require space.” 

Commercial Property Partners acted as joint agents alongside FHP.

For further information on this letting, please contact Darran Severn on 07917 460 031 or email darran@fhp.co.uk.

ENDS

December 2024

There are very few significant manufacturing complexes on large secure sites which are even in existence in Nottingham and surrounding areas as many have been redeveloped over recent years and given this lack of opportunity, Tim Gilbertson, Director of FHP Property Consultants is delighted to bring to the market the Former Filtrona Premises behind the IKEA store in Giltbrook just off the A610 and Junction 26 of the M1 in Nottingham.

Extending to just over 113,000ft² on 7.6 acres, the building offers a range of manufacturing and potential storage space plus offices all on a large secure site with two access points in a prime location for access to Junction 26 of the M1 and the A610 dual carriage way.

Tim Gilbertson commented:

“Very few large manufacturing complexes exist in Nottingham as so many have been redeveloped over the years and therefore I do hope and anticipate that we will have strong interest in this rare visitor to the market.

The premises are ideal for an expanding local occupier who can use the large site area to adapt over time or alternatively, subject to planning, there may be development opportunities and angles here for any number of uses.

The site sits behind the IKEA store just off the A610 dual carriageway in Nottingham, within moments of Junction 26 of the M1 motorway and hopefully this opportunity in the market will fill a hole in supply for this style of stock which has existed in Nottingham for some time.”

For full details or to arrange a viewing, please contact Tim Gilbertson (07887 787 893 / tim@fhp.co.uk) Darran Severn (07917 460 031 / darran@fhp.co.uk) or Harry Gamble (07398 443 828 / harry.gamble@fhp.co.uk) of FHP Property Consultants.

ENDS

12 December 2024

As 2024 comes to an end we look back on how the Nottinghamshire industrial/distribution market has performed specifically looking at the deals transacted between 5,000ft² and 40,000ft² throughout Nottinghamshire by FHP.

Although 2024 has been a tougher year than others with many factors out of our control such as interest rates, a new government, the budget and a new American President, this sector has remained resilient and transactional.  There was a reduction in enquiries compared to other years, however, we found that the parties out there looking tended to be very serious and active in their search.

There is still a lack of supply in the industrial/warehouse sector with very few, if any, speculative developments taking place.  Competition tends to be poor quality which in turn allows us to push capital values and rental figures on any good quality new or second hand stock.

The final quarter of 2024 has been particularly slow with the recent budget and uncertainty of how the market will react to these changes especially in relation to taxation and inheritance tax.  From our conversations with businesses, now we are approaching the end of the year, they have seen sales bounce up and down and be fairly inconsistent and volatile in 2024 and in turn, we have found that they are thinking more strategically about their business decisions.  It is also important to note technological advances and evolving consumer demands and an increased online presence is changing businesses and the way they operate, which again increases the popularity of industrial/warehouse units.  Although tougher economically, the changes stated above have led to strong demand for industrial/distribution units especially due to there simply not being enough stock out there (supply chain inefficiencies).

The majority of enquiries in the 5,000ft² – 40,000ft² size range throughout Nottinghamshire is from local and regional businesses, or businesses looking to start up/relocate in the East Midlands to benefit from the locality of Nottinghamshire to the M1 Motorway which services the whole of the UK, the labour pool and cost efficiency with rental and purchase prices for these units, making them attractive for businesses looking to optimise cost.

The story of 2024 is there has been a shortage of good quality industrial stock, especially new build developments due to high land values and build costs.  This however, has meant FHP pushing the values of good quality secondary units both to let and for sale.  The industrial schemes which have been speculatively built such as Teal Park in Netherfield, Headstocks Business Park in Watnall and Portland Drive in Shirebrook, have all seen huge success with these three estates nearly at full occupation.  Therefore, we are encouraging where viable, parties to consider schemes such as these due to the proven success.  Strategic locations are still in heavy demand and if units are located in close proximity to major roads they prove popular.

Going into 2025 we have exciting schemes coming out of the ground such as Private Road No.2 in Colwick comprising circa 20,000ft² of small to medium sized units and Access 38 in Sutton in Ashfield where units range from circa 5,000ft² – 30,000ft².  Most excitingly on the new Access 38 scheme, we can offer units on a freehold basis which is very much needed in a market where there is very little to buy. 

For further information on FHP’s available units on the market, please contact Anthony Barrowcliffe of FHP on 07557 972008 / anthony@fhp.co.uk.

As we approach 2025, it is a great time to reflect on the last 12 months in the sub-5,000ft² industrial/warehouse sector. Overall, the market has remained resilient despite the political and economic pressures and pleasingly we still found ourselves completing deals and taking on new instructions.

The year started off strong with enquiries showing no signs of slowing down from the previous year. We were successful at Amber Business Centre in Riddings which showcased the demand for small stock as we let over five units and we now have three further units under offer. Across Derbyshire, the sub-5,000ft² industrial/warehouse sector has been underpinned by a lack of small units and particularly those of good quality.

As we got further into the year due to the political and economical uncertainty with the election and budget the market conditions slowed down with businesses of all sizes being careful when making decisions. That being said, there is still a constant demand for sub-5,000ft² units in the heart of Derby and the surrounding areas including Alfreton, Ilkeston & Long Eaton. Most of the enquiries are local occupiers looking for additional space or large space to move to following outgrowing their old warehouse which proves that despite the tough economic climate small businesses are still growing and expanding.

We are beginning to see less stock being brought onto the market towards the end of 2024 which results in rental prices remaining strong and, in some circumstances, even rising as we saw at Amber Business Centre which saw a 1,507ft² unit recently let for £11.00ft² whereas before 2024 we achieved £10.00ft² in the same size units on the estate. Capital values have mostly remained the same as the previous year with new build stock achieving north of £150.00ft² and secondary units achieving between £100.00ft² and £120.00ft².

Further to this, there is a shortage of new build industrial units of this size due to it being hard to source land of 1-2 acres to build schemes of this nature and secondly the economies of scale of building a smaller scheme. The schemes that have been developed have seen strong success however, as FHP have let all of the sub-5,000ft² units at Headstocks Industrial Estate which offered brand new small units and Wingfield View in Clay Cross where FHP let or sold 19 industrial warehouse units ranging from 2,091ft² to 12,062ft².

Thankfully in 2025 we will see the shortage of new build small industrial units hopefully be further satisfied as our clients are delivering good quality new build industrial/warehouse units in Pinxton and Grassmoor. Pinxton, situated just off J28 of the M1 motorway is offering freehold units that are being built now and in 2025, we will start seeing the steels coming out the ground at The Old Coal Yard in Grassmoor, Chesterfield which will deliver more high quality small industrial units to let.

For further information please contact Harry Gamble on (07398 443 828 / harry.gamble@fhp.co.uk).

ENDS

December 2024

FHP alongside our joint agent Oliver Thompson of TDB Real Estate are delighted to bring forward this new and exciting industrial and distribution scheme at Sutton in Ashfield.  This is a development of industrial and distribution units ranging from 5,000ft² up to circa 30,000ft² and we can offer these either for sale or to let.  The current deliverability of this site is approximately 12 months or thereabouts and there is already a consented scheme with planning in place.

The site offers great prominence adjoining the A38 and sitting within a few minutes drive of Junction 28 of the M1 whilst remaining close to the local centres of Sutton in Ashfield, Kirkby in Ashfield and Mansfield.

This scheme is being delivered by Brackley Property Developments who are a development company concentrating on the local and regional commercial sectors who have an established track record.

With a market starved of stock, strong levels of demand and a total lack in particular of freehold space out there, this is sure to be a very exciting scheme.

For further information on this exciting scheme please contact Anthony Barrowcliffe, Tim Gilbertson or John Proctor of FHP or our joint agent Oliver Thompson of TDB Real Estate.

On behalf of private clients, FHP Property Consultants are delighted to bring to the market Unit B, Salcombe Court, Alfreton, Derbyshire, DE55 7RG.  Salcombe Court is situated on Meadow Lane Industrial Estate in Alfreton and benefits from quick access to the A38 and Junction 28 of the M1 motorway.

The property comprises a terraced industrial/warehouse unit with good quality offices and welfare facilities.  The warehouse is split into two bays and provides clean span accommodation.  To the rear of the unit is a secure shared yard and to the front is separate car parking.  The offices are well presented across two storeys with heating and lighting throughout.  There is also a kitchenette and W/C facilities which include a shower.

The premises extends to approximately 1,522m² (16,675ft²) and is available to purchase at a guide price of £1.35 million.

Harry Gamble of FHP Property Consultants commented:

“It is rare for a freehold opportunity like this to pop up within a short drive of Junction 28 of the M1 motorway.  The space is well presented and would suit any distribution/expanding production company due to its good loading facilities via a shared yard.  There is also a general lack of good quality freehold industrial units so any interested parties should get in touch.” 

Should you require any further information or wish to arrange a viewing, then please contact Harry Gamble on 07398 443 828 / email harry.gamble@fhp.co.uk or Darran Seven on 07917 460  031 or darran@fhp.co.uk.

ENDS

December 2024

‘Variety is the spice of life’ and certainly in the commercial property market, particularly for the industrial and distribution sector in which I deal, every year for the last few years has been varied!

Covid, the Liz Truss budget, wars in Ukraine and elsewhere around the globe, all contribute to the supply and demand of manufacturing and distribution space in the East Midlands, 2024’s ‘variety’ has been provided by some of the above but also the longest run into a budget I can ever remember, particularly when fuelled with negativity and the most contentious American election ever, plus of course a UK election too.  All these elements dominated the second half of 2024 and in turn, each seems to have had a negative impact upon demand for space throughout our region.

After a flying start to 2024 with demand seemingly picking up again at the top end of the industrial and distribution market, these events saw our market slow in the second half of the year, albeit with many notable deals still undertaken and somehow pushed over the line resulting in 2024 being particularly successful in terms of number of deals done and certainly scale of space let or sold.

On a personal level, highlights have included a design and build disposal at Fairham Business Park, Nottingham to a local packaging company who took over 100,000ft² and on the same site a further design and build manufacturing unit for global entity ABB, with the building currently under construction and another 100,000ft² unit flying up.

Sales and lettings of second-hand space have proved strong, meaning that as we come to the end of the year, supply is poor and with very little speculative space being constructed of any size currently, I suspect 2025’s ‘variety’ might be provided by the lack of supply, particularly if the impact of the budget and the US election is not as hard felt as might be anticipated.

There is no doubt that freehold values have continued to rise on second-hand space throughout the last 12 months and with the tipping point probably now reached also in terms of newly built speculative space, it could be claimed that we have less space available than the market requires.  As a result, I can see big shed rents rising again in 2025 as well, particularly as it’s predicted that more third-party logistics operators will return to the market seeking space after a very quiet 2024.

Overall though 2024 has been a successful year but I will certainly remember it as ‘the year of delays’ caused by long summer holidays, the longest run into a budget ever known, a drawn-out and quite frightening US election and now probably the longest run up to Christmas we have known, but roll on 2025 and hopefully quicker and more transactions throughout the market to look forward to.

ENDS

Tim Gilbertson

29 November 2024

We have seen strong enquiry levels across the year on existing modern units up to 100,000ft² not only at motorway junctions but across industrial/manufacturing areas and whilst there is a mix of freehold and leasehold enquiries, freehold units are in very low supply driving strong interest in this sector.

As a result we are pleased to confirm the sale of Lucinda House, a 80,000ft

industrial/warehouse unit situated on Sherwood Business Park, Nottinghamshire, just 5 minutes’ drive from Junction 27 of the M1 motorway.

The premises comprise a modern detached industrial/warehouse unit providing a mixture of storage, production, packing and mezzanine space with high quality offices, canteen and staff welfare facilities.

The property is being sold to a nearby owner occupier as part of their expansion.

Darran Severn of FHP Property Consultants comments:

“I am pleased the sale of Lucinda House has completed in what has been a great outcome for both our client and the purchaser.  After an initial marketing period, we were pleased to agree a sale within a matter of months.  The sale was not without its complications, but pleasingly we were able to work with all parties to resolve these and complete the sale.

There’s not much availability between 30,000ft² and 80,0000ft ² across the region on both a leasehold and freehold basis, therefore I would be delighted to hear from any property owners who have a unit of this size, as we are speaking with a number of businesses who wish to locate to a premises such as this one.” 

Danielle Upton of Smith Partnership who acted on behalf of the vendor commented:

“I am delighted to have represented our client in the successful sale of this significant industrial property, and I look forward to supporting them again on their future ventures. I am grateful to Darran Severn at FHP for his collaborative and supportive approach to the deal, which enabled the sale to progress as smoothly and efficiently as possible for our mutual client.”

For further information, please contact Darran Severn on 07917 460 031 or email darran@fhp.co.uk.

ENDS

November 2024

38 Brookhill Road, Pinxton is a detached fully refurbished industrial unit on the established Brookhill Industrial Estate within close proximity to Junction 28 of the M1.

I am delighted to have worked with my client after they acquired this site from Savills working with them throughout the full refurbishment programme to then finding them a tenant.  It is excellent to work with clients once they have acquired something to discuss a refurbishment programme viable enough to achieve a good rent and ultimately the desired investment return/yield.  I particularly enjoyed working with my client on every aspect of the refurbishment and then strategically finding them a tenant on strong terms which provided my client with the desired outcome.

The refurbishment programme included a brand new roof, full strip out providing clear span warehouse space, strip out of some office space with light refurbishment of the remaining and fully gating the site which was all completed in a very quick timeframe.  Throughout the whole refurbishment the property was marketed and subsequently we managed to find a new tenant on excellent terms with both parties extremely happy with the outcome.

The property is of steel portal frame construction comprising two bays of warehouse/manufacturing space fronted by single storey offices.  The general specification of the building included:

• Complete landlord refurbishment including brand new roof
• Clear span warehouse space
• Internal office and welfare accommodation
• Fully gated and secure site
• Excellent yard/car parking
• Under 1 mile from the A38 and Junction 28 of the M1 Motorway

Anthony Barrowcliffe of FHP commented:

“I always find it particularly exiting to work with a client who has just purchased a site, throughout the refurbishment programme and to then find a new tenant and provide a level of return on that investment to meet my client’s requirement.” 

 When my client purchased this building it was highly dilapidated but after a full refurbishment programme it presented excellently and is wonderful asset within my client’s portfolio. 

Great terms were achieved and I am very pleased with the outcome” 

For further information on this letting or other available units on the market, please contact Anthony Barrowcliffe of FHP on 07557 972008 / anthony@fhp.co.uk

FHP Property Consultants are pleased to confirm the letting of a 28,664ft² industrial/warehouse unit on Delves Road, Heanor, Derbyshire.

The premises form part of the Heanorgate Industrial Estate, a favoured location on the edge of Heanor with excellent links to the A610 leading to Junction 26 of the M1 and the A38 which leads to Junction 28 of the M1 motorway.

The property comprises a detached industrial/warehouse unit sitting on a site of approximately 1.4 acres.  The accommodation offers clear span manufacturing/warehouse space.

The unit has been let on new lease terms.

Darran Severn of FHP Property Consultants commented:

“I am pleased this letting has completed and this has been a great result for all parties involved.  Whilst a lot of leases are taking longer to document, we were able to get this drafted and signed within 4 weeks of agreeing the heads of terms. I wish the new tenants every success.” 

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

ENDS

November 2024

The larger end of the manufacturing and distribution commercial property market over the last few months has seen an interesting trend developing where more and more demand it seems is coming forward from manufacturing companies (B2 use) with those companies also looking to buy rather than rent purpose built and existing space.

With existing space throughout the East Midlands at such a premium, sites such as Clowes Developments’ Dove Valley Park, just off the A50 and therefore in a prime position for access to Stoke and the M6 to the north, M1 to the south and Derby and West Midlands on the A38, is offering an ideal combination of bespoke built space for both warehouse and manufacturing occupiers alike where the end product can be purchased.

The agents on the scheme are Darran Severn and Tim Gilbertson of FHP and Nick Waddington and Adam McGuinness of Carter Jonas.

Tim Gilbertson commented:

“There is no doubt that whilst the last few months in the run up to the budget have been quieter than we would have liked, there has been a definite trend of occupiers coming forward who are more manufacturing rather than distribution based who are looking to have premises purpose built for them and are only interested in buying rather than renting accommodation.

It’s an interesting trend and whilst distribution occupiers still dominate the bespoke built sector, there’s no doubt that manufacturers seem to be seeking more space currently which is good news to my ears.

Dove Valley Park is one of the few sites in the East Midlands where a bespoke built factory or warehouse can be constructed and then sold on a freehold basis as many developers are only interested in letting rather than selling the end product but our clients here, Clowes Developments, are happy to construct manufacturing or distribution space and equally just as happy to let or sell the finished product.

Dove Valley Park does have fantastic transport links and a very willing and knowledgeable developer so we can meet this latest trend of manufacturing demand for owner occupier space and offer on a bespoke built basis factories from as little as circa 25,000ft² upwards.

It will be interesting to see if this trend continues into the new year but certainly it’s an encouraging sign.”

For further information on Dove Valley Park and how it could perhaps become your business’ next home then please speak to either Tim Gilbertson (tim@fhp.co.uk / 07887 787 893) or Darran Severn (darran@fhp.co.uk / 07917 460 031) at FHP.

ENDS

Tim Gilbertson

11 November 2024

FHP Property Consultants are delighted to bring to the market Unit 1 Prime Enterprise Park, Pride Parkway, Derby on a freehold basis.

The property comprises a detached premises situated on an established business park to the north of Derby city centre and is accessed via Mansfield Road.  Consequently access to the A52, A38 and M1 (Junction 25/Junction 28).

The accommodation provides a mix of offices, laboratories, workshop and storage space across ground floor and substantial mezzanine.  The mezzanine could be removed to provide clear span accommodation if required.

The property extends to 982m² (10,570ft²) and benefits from a 0.2 acre yard and car parking spaces for approximately 21 vehicles.

Darran Severn of FHP Property Consultants commented:

“I am pleased to bring this property to market.  There is a general shortage of freehold properties in Derby and the wider area, therefore I anticipate good levels of enquiries here.  The building itself is situated in an excellent location close to Derby city centre and offers an array of accommodation that could be adapted to suit individual business needs.” 

For further information or to arrange a viewing, please contact Darran Severn on 07917 460 031 or email darran@fhp.co.uk or Corbin Archer on 07929 716 330 or corbin.archer@fhp.co.uk.

ENDS

November 2024

Just a stones’ throw from the A50, these two new industrial/warehouse units developed by PMW Property, are nearing completion at Dove Way, Uttoxeter, ST14 5AU.

Dove Way is positioned between Burton on Trent and Stoke on Trent.  The M6 (Junction 16) is within 20 miles and the M1 (Junction 24) is within 26 miles, opening up access to the nations motorway system.  Major sea ports and airports, along with 48 million people are within a 4 hour drive.

The units extend to 33,843ft² and 109,345ft² and can be taken individually or as a whole.  They boast an impressive specification with 10/12 metre eaves, euro/standard dock level and level access doors, 50kn/m² floor loading, 15% roof lights, glazed entrance and external car parking with yard space.  The site also has capacity to provide up to 2MVA power supply if required.

The units are available on a freehold or leasehold basis.

Darran Severn of FHP Property Consultants commented:

“Its great to see these units taking shape and its only a matter of weeks now until practical completion.  We anticipate the larger of the two units being available for occupation in January, with the smaller one following shortly after.  The units benefit from excellent connectivity to the motorway network, and also offer prominence to the A50.  Whilst they are suitable for storage and distribution with the large power supply, they would also suit a manufacturing business. 

These new units can also futureproof your business from a sustainability point of view.  Whether that’s reducing your carbon footprint by becoming more energy efficient or reducing waste, or by improving employee’s wellbeing. 

I look forward to speaking with any interested parties and please do let me know if any businesses would like to take a look.”

For further information or to arrange a viewing, please contact Darran Severn on 07917 460 031 or email darran@fhp.co.uk or Corbin Archer on 07929 716 330 or corbin.archer@fhp.co.uk.

ENDS

November 2024

The industrial/warehouse market across Derby, Derbyshire and the wider Midlands continues to be underpinned by a lack of good quality units, available on either a leasehold or freehold basis.  Whilst there is no doubt that market conditions this year have been more challenging, the last 4-6 weeks have felt more positive despite uncertainty from the Autumn Budget. With Christmas on the horizon, we very much hope market sentiment continues to improve as we move into 2025.

We have seen strong enquiry levels across the year on existing modern units up to 100,000ft² not only at key motorway junctions but across industrial/manufacturing areas, such as, Alfreton, Ilkeston, Heanor, Castle Donington, Derby and Clay Cross.  Whilst there is a mix of freehold and leasehold enquiries, freehold units are in very low supply driving strong interest in this sector.

Whilst the larger end of the market has been quieter this year, there has pleasingly been a recent spike in enquiries on units over 100,000ft² situated along the M1, A50 and A38 corridors. In addition, there has been a sharp reduction in the delivery of speculative warehouses this year, and prime availability is forecasted to reduce over the next 12 to 15 months.

Pleasingly our in-house statistics show higher enquiry levels overall across September and October than in previous years. We hope in turn, this leads to more viewings, with units being placed under offer and deals completing. Rental and capital values remain strong and have marginally increased over the past 12 months. Deals are continuing to complete, albeit they are taking longer to push over the line and document.

There are high quality new industrial/warehouse units available in key locations along the A50 and M1 corridors bolstered by a number of excellent build to suit opportunities offering units up to 690,000ft². Key locations include Castle Donington, Derby, Dove Valley Park and Uttoxeter.

For further information please contact Darran Severn on 07917 460031 or email darran@fhp.co.uk or Corbin Archer on 07929 716330 or corbin.archer@fhp.co.uk.

Marketing of this industrial/warehouse unit on Moorbridge Road East in Bingham commenced on 20 August 2024 and the letting completed on 1 October 2024, taking just 6 weeks from launching the marketing to handing over keys to the new tenant.

The unit is located on the established Moorbridge Industrial Estate in Bingham with easy access to the A46 road and in close proximity to Newark, Leicester, Nottingham and Grantham.

The property comprised a detached gated industrial unit which was built in the 1990’s constructed of steel portal frame with single storey offices to the front elevation leading to a clear span warehouse space with LED lighting, 5.5m eaves rising to 10m at the apex and a large front gated yard/car park.

Anthony Barrowcliffe of FHP commented:

“What a result!!  The speed of this transaction being the most impressive component of this letting.  The unit had all the right fundamentals and with an excellent marketing campaign and the correct pricing we found the right tenant exceptionally quickly. 

 Both parties were motivated to do the deal quickly and both sets of solicitors acted promptly and efficiently to push this transaction through. 

 The message remains the same from my perspective being there is still a shortage of industrial space throughout the market of good specification in strong industrial locations and if these types of units are brought to market either to let or for sale they do very well.”

 For further information on this transaction completed in Bingham, Nottingham or other available units on the market, please contact Anthony Barrowcliffe of FHP on 07557 972008 / anthony@fhp.co.uk

Following the sale of 1 & 2 St Andrews Court, Manners Industrial Estate, Ilkeston, DE7 8EF which comprises 12,718ft² of industrial warehouse space this month, FHP have seen firsthand the strong demand for freehold premises in Ilkeston and its surrounds.

This property was originally placed on the market to rent for which we had strong interest including three offers, we were then instructed to sell the premises which resulted in even greater interest, and we placed it under offer within the first week of marketing to a local business occupier and were pleased to announce its completion last week. We achieved an excellent price for our client with the property selling for £980,000.

Manners Industrial Estate is a very well-established industrial estate in Ilkeston with few units coming available and such strong demand from local occupiers. This was further shown last year when FHP sold Units 1&2 Midland Court which comprised 13,273 ft² and achieved a sale price of £1,050,000 which was sold to another local occupier from the region.

Early in the year, FHP sold a 2,257 sq. ft hybrid industrial unit on the other well established industrial estate in Ilkeston, Quarry Hill Industrial Estate. It was a similar story with regards to demand of this property having placed the property under offer within a two-week period of marketing further showing the demand for freehold industrial units in the region. The price achieved for this property was £235,000.

At West Hallam Industrial Estate we have had great success letting the ‘Romney’ style World War 2 Ordnance Depot units offering flexible terms seeing six units let within 2024.  The new build units on the scheme also became fully let this year proving the location is popular for start up occupiers all the way to established large businesses.

The current market conditions in Ilkeston are strong despite the current economic and political climate of the wider country due to the lack of supply of warehouse premises available in the area and the high demand from local occupiers looking to remain in the region. The area has proven to be somewhat market proof with enquiries remaining constant and deals being done throughout a turbulent economic period within the UK.

The UK wider economy has struggled in recent years following the pandemic leading into the war in Ukraine, the conflict in the Middle East, high interest rates and the general election and most recently the budget.  All of this has a large effect on the commercial property market as occupiers are more cautious on moving or purchasing premises with such large uncertainty.

That being said, in Ilkeston demand has remained strong throughout this period largely in part due to the lack of available premises especially those of good quality.  There remain few new build schemes in the area, a key scheme currently under construction is at New Stanton Park but the smallest units available are 11,015ft², further afield is the best option at Headstock Industrial Estate in Watnall, where they have satisfied the much needed demand for small-mid range new build units.

Ultimately, we are therefore seeking more stock in the area and if you are looking to sell or rent your premises then please do get in touch with us and we would be happy to advise you accordingly as I am sure we are already speaking to the potential purchaser or occupier.

For further information please do not hesitate to contact Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk or Darran Severn on 07917 460 031/ darran@fhp.co.uk.

ENDS

October 2024

On behalf of private clients, FHP Property Consultants are delighted to have recently completed the sale of 1 & 2 St Andrews Court, Manners Industrial Estate, Ilkeston, DE7 8EF which comprises 12,718ft² of industrial warehouse space.

The property is located on Manners Industrial Estate, a well-established industrial estate in Ilkeston offering great access to the regional city centres of Nottingham and Derby and the wider UK via the M1 motorway, approximately 4 miles to the south.

The property comprises a steel portal frame building split into two units. Unit 1 comprises 6,877 sq. ft of open plan warehouse accommodation with offices and staff welfare facilities and was vacant. Unit 2 comprises 4,594 sq. ft of open plan warehouse accommodation and is let to Adams Engineering (Ilkeston) Limited at a rent of £27,000 per annum for a term expiring October 2029.

The price achieved was £981,755 which breaks down to £90.00 per sq. ft vacant possession of Unit 1 and £380,000 reflecting a net initial yield of 6.85% for the investment of Unit 2.

Corbin Archer from FHP Property Consultants comments;

‘’I am pleased to have sold this property on behalf of a longstanding client of FHP, achieving an excellent result having only been marketing the investment for two weeks prior to placing it under offer showing the strong demand for freehold warehouse properties in Ilkeston. Even after placing the property under offer, I was still getting constant calls from owner occupiers/ investors wanting to purchase the property as there is such little available in the area for sale.

Despite the difficult market conditions, due to the shortage of supply, demand is very strong for industrial units in the area and if you are wanting to dispose of your property please do contact me on the information below.’’

For any further information on the sale of this property, or if you would like us to market a property, please do not hesitate to contact Corbin Archer on 07929 716330 / corbin.archer@fhp.co.uk.

ENDS

Corbin Archer

October 2024

FHP Property Consultants and Savills are pleased to announce the successful letting of Units 3-6, Portland Drive, Shirebrook on behalf of clients.

We have successfully let Units 3-6 which totals 13,480ft².  This scheme was delivered with no dividing walls or WC facilities to ensure it was a flexible as possible to meet all size requirements and this advice has proven correct.

These units were part of Phase 1 of the development with Devonshire Court being Phase 2 all being build out speculatively.  We currently have Units 1-2, Portland Drive still available with space between 2,538ft² to 8,404ft² which can be combined or let/sold individually.  The quoting prices are:

• Unit 1 – £44,000 per annum / £790,000
• Unit 2 – £21,500 per annum / £355,000
• Units 1 & 2 (combined) – £65,000 per annum / £1,145,000

The general specifications of these brand new industrial units includes:

• Eaves height of 6 metres
• 3 Phase power
• Solid concrete load bearing floors
• Electric roller shutter door
• Excellent parking ratios and turning circles
• Privately gated and secure
• Excellent location adjacent to Sports Direct depot
• Excellent EPC Rating

Anthony Barrowcliffe and Jamie Gilbertson of FHP commented:

“A fantastic 21,884ft² speculative industrial scheme built out by the Broughton Family and delivered to a high specification in a market starved of stock.  This scheme has all the right fundamentals and we look forward to getting Units 1 and 2 either let or sold. 

Our industrial and distribution market continues to see deals completed across all sizes and specifications of buildings.  With a quieter summer which we have seen as a result of the General Election, we will hopefully see a very positive final quarter to 2024.  In general there is still a shortage of space, particularly to buy but also to rent in certain sectors across our East Midlands patch.”

Our joint agent Luke Epps of Savills commented:

“We are very pleased to have secured the letting on behalf of the client; the units are built to an excellent specification, incorporating a superb eaves height, which was quickly identified by the tenant to house their new HQ. The combined units offered the ability to bring their manufacturing in-house, which is an integral part of their future. Both parties worked to tight timeframes to ensure minimal disruption to the business was caused.  

There continues to be a constrained supply of top quality stock within Shirebrook and the local geographical area, with little new developments in the pipeline. We are offering the two remaining units in Phase 1 and encourage interested parties to contact myself or the joint agents before they are gone. ”

For further information on the transactions completed in Shirebrook on this scheme or the other available units on either Portland Drive or Devonshire Court, please contact Anthony Barrowcliffe of FHP on 07557 972008 / anthony@fhp.co.uk or Jamie Gilbertson on 07747 665941 / Jamie.gilbertson@fhp.co.uk or Luke Epps of Savills on 07811 073302 / luke.epps@savills.com.

Devonshire Court is Phase 2 of this speculative development on Vernon Street, Shirebook which consists of 8 industrial units totalling 14,426ft² with Howdens having now completed on 6,350ft² across 3 units.

The estate is now completed and the remaining units are available immediately.  The units, which have E, B2 and B8 Use Class have been built to a high specification and benefit from the following:

• Eaves height of 6 metres
• Solid concrete load bearing floors
• Electric roller shutter doors
• 3 Phase power
• Steel portal frame construction

The units are located 10 miles to the M1 Motorway, 12 miles from Chesterfield, 27 miles to Nottingham, 25 miles to Sheffield and 30 miles to Derby.

Alongside the three units let to Howdens we have let a further unit to a classic car operator leaving only 4 units remaining with 50% occupancy already achieved.

Howdens are the UK’s number one trade kitchen supplier and were established in 1995 to provide trade customers with kitchens, joinery and hardware products.  Starting with just 14 depots Howdens have more than 800 locations now supporting the trade.  Howdens are a British manufacturer and a fantastic anchor tenant for this scheme.

We have the following units remaining at Devonshire Court:

• Unit 4 – 150m² (1,615ft²) – £17,500 per annum
• Unit 5 – 150m² (1,615ft²) – £17,500 per annum
• Unit 7 – 150m² (1,615ft²) – £17,500 per annum
• Unit 8 – 150m² (1,615ft²) – £17,500 per annum

Anthony Barrowcliffe and Jamie Gilbertson of FHP commented:

“Phase 2 of this speculative development by the Broughton Brothers has been delivered to a high specification in a market starved of stock.  

We are delighted with this deal to the household name of Howdens alongside a letting to an independent classic car business with 50% occupation of this scheme.     

We are excited to promote the remaining units on this scheme and hope to have this at full occupancy soon.” 

For further information on the transactions completed in Shirebrook on this scheme or the other available units on either Portland Drive or Devonshire Court, please contact Anthony Barrowcliffe of FHP on 07557 972008 / anthony@fhp.co.uk or Jamie Gilbertson on 07747 665941 / Jamie.gilbertson@fhp.co.uk.

Amber Business Centre is a popular, well-established distribution and manufacturing estate in Riddings, Alfreton. The centre enjoys a prime location offering easy access and convenience to businesses and visitors.  It can be easily accessed via the A38 and A610 dual carriageways linking to the M1 motorway at Junction 28. The units on this estate range in size from 618ft² to circa 50,000ft².

FHP Property Consultants are pleased to be marketing four small industrial/warehouse units on this estate and a further two are currently under offer. These comprise 618ft² and 1,197ft².

The units that are readily available range within the sizes of 1,196ft² to 1,272ft². The specification at Amber Business Centre includes: 3 phase power, roller shutter loading door, W/C facilities and parking.

Harry Gamble of FHP Property Consultants comments:

‘’Amber Business Centre receives numerous enquiries each week. It proves to be a great location for businesses looking for space in and around Junction 26 and 28 of the M1 Motorway. The industrial/warehouse units provide excellent accommodation, and the 24/7 on-site security can give you that peace of mind. There is already a good mix of local businesses in this area and Amber Business Centre is a great location for expansion.

If you’re interested in any of the units available, then please do not hesitate to reach out to me.”

For further information or to arrange a viewing, then please do not hesitate to contact Harry Gamble on 07398 443 828/ harry.gamble@fhp.co.uk or Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk.

ENDS

October 2024

Industrial/warehouse occupiers are increasingly seeking to improve their buildings performance and are progressively adhering to Environmental, Social and governance credentials.  New buildings are one way in which these occupiers can future proof their business from a compliance and ESG position.

Dove Valley Park is a major 200 acre industrial/distribution development located just off the A50 and M1/M6 link, only 12 miles from Derby, 23 miles from Stoke and 31 miles from Nottingham.  The park currently offers three new industrial/warehouse units of 113,000ft², 152,000ft² and 196,000ft², all of which were speculatively funded by international real estate firm Hines.

The three units provide high class new industrial and logistics space benefitting from an impressive specification including 12m eaves, dock and level access doors, PV ready frame, EV car parking spaces, 55m service yard and a 500 -750 kVA electrical supply with the ability to upgrade.

In addition, all three units have an A EPC rating and have been built to a BREEAM Excellent standard, which is the worlds leading science based suite of validation and certification systems for the sustainable built environment and is used to specify and measure the sustainability performance of buildings. BREEAM supports ESG solutions in net zero carbon, whole life performance, health and social impact, circularity and resilience, biodiversity and disclosures and reporting.

The units are available to let on new lease terms or alternatively the freehold can be purchased.

Darran Severn, Director at FHP Property Consultants comments:-

“These units are second to none and not only boast an impressive specification, but can also future proof your business from a sustainability point of view.  Whether that’s reducing your carbon footprint by becoming more energy efficient and reducing waste or by improving employees’ wellbeing. 

Dove Valley Park itself is a proven location and home to a number of household names such as JCB, Lidl and GXO.  The location is excellent providing connectivity to the M1 and M6 via the A50, opening up access to the nation’s motorway system.

I can see the units being suitable for either storage/distribution or manufacturing/production and will likely appeal to an array of occupiers across the region, particularly because these can be purchased as well as leased.   These are one of a few sets of buildings within the Midlands that can be purchased.   Please do get in touch with us if you would like to take a look at any one of these opportunities.

For further information on the availability at Dove Valley Park, please contact Darran Severn on 07917 460031 or email darran@fhp.co.uk or Tim Gilbertson on 07887 787893 or email tim@fhp.co.uk of contact our joint agent Tom Kimble on 07920 005471 or email tom.kimble@cushwake.com.

FHP Property Consultants are excited to offer for lease Units D1-D2 and i1 at Southglade Business Park, Hucknall Road, Nottingham.  Conveniently located just off the A611, this provides access to Junction 26 of the M1 and Nottingham City Centre and, of course, Nottingham’s ring road.

Both units are self-contained, two-storey buildings with a brick facade. They feature a roller shutter door and a spacious front yard, ideal for parking and easy access. Each unit includes an office facility with kitchen and WC.

Unit D1-D2 spans 344m² (3,708ft²) across two floors, while Unit i1 covers 175m² (1,888ft²) over two floors.

These units are available for immediate lease at a rent of £27,810 per annum exclusive and £25,000 per annum exclusive.

Jamie Gilbertson of FHP Property Consultants commented:

“These units are perfect for new or small businesses looking to establish or expand their operations. They offer a solid base with good office and storage/warehouse facilities. The front yard provides ample parking and easy access with a roller shutter door.

Cost-effective and well presented, these units could suit a variety of users due to the flexible configuration on offer.”

For further information on the above, please contact Jamie Gilbertson on 0747 665 941 or jamie.gilbertson@fhp.co.uk.

ENDS

October 2024

FHP Property Consultants are delighted to have placed several more properties under offer in the sub 5,000 ft² industrial sector this month.

Amber Business Centre has been at the heart of the lettings with units 15.4 and 17.7 being the most recent to have completed.  This estate is a popular and well-established distribution and manufacturing estate located in Riddings, Alfreton. It is easily accessible to the A38 and A610 dual carriageways and thereby Junctions 26, 27 and 28 of the M1.  This week alone, we have placed two further units under offer at Amber Business Centre: 13.3 and 15.10 which comprise 618ft² and 1,196ft² respectively.

On behalf of private clients, few have also seen success at Prime Industrial Park, Derby with Unit 7 recently being placed under offer. This industrial/warehouse unit has recently undergone a vast refurbishment and presents well.  The scope of the works included: modern offices with new carpeting and LED lighting, warehouse floor painted, new kitchen and new W/C facilities.

Harry Gamble of FHP Property Consultants comments:

“I can’t remember a day where we have not received an enquiry for Amber Business Centre!  I am pleased to keep on finding new tenants for our client as we near full occupancy.

We currently have three industrial/warehouse units available ranging from 1,197ft² to 1,272ft².  I am more than happy to speak to any interested parties so please do not hesitate to reach out to me.”

Corbin Archer of FHP Property Consultants comments:

“It has been great to see the progress of the works at Unit 7 Prime Industrial Estate.  The refurbishment has transformed the industrial/warehouse unit and now it presents exceptionally well. 

Once this deal completes, we will be at full occupancy at Prime Industrial Park.  We are currently seeing a shortage of small industrial/warehouse units in Derby, so if you’re looking to let or sell your property then please do not hesitate to contact me.”

If you are interested in purchasing or letting any commercial property, then please do not hesitate to contact me on 07398 443 828 / harry.gamble@fhp.co.uk or Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk.

ENDS

September 2024

Without doubt, opportunities to purchase industrial or distribution space in the East Midlands of any size remain hard to source.  Demand for such space continues as supply dwindles seeing deals continue to be completed and capital values rise.

The latest deal completed by Tim Gilbertson of FHP further exemplifies this as he commented:

“A pleasure again to see another substantial building at Junction 28 of the M1 sold and sold very quickly.  This time a good quality unit on the ever popular Cotes Park Industrial Estate has changed hands, the opportunity was just under 25,000ft² on a large site and it was a pleasure to act on behalf of longstanding clients here having previously let the building for them and indeed sold it to them originally many, many years ago! 

This latest deal continues our recent strong run of freehold sales in the mid-range market and means stock continues to reduce.  Normally, August is a quiet month of the year but we are still seeing deals complete and good levels of enquiries for freehold opportunities continue to come through. 

The building has been sold to expanding company Presentation Design Services Limited and we wish them well in their new accommodation which will undoubtedly help their business grow.”

Tim Gilbertson concluded by adding:

“We put this property under offer within a couple of weeks of marketing commencing and having had to turn down subsequent enquiries for it, we remain keen to source other stock in the market to try and meet that ongoing demand.  Whilst new build space continues to be sought-after, the market for second-hand space continues to be equally strong with weak supply and plenty good enough demand and hopefully this situation will see further deals concluded before the end of the year, albeit as ever more stock is required!”

To see how Tim Gilbertson and FHP can help you with your property matters, please contact Tim on 07887 787 893 / tim@fhp.co.uk.

ENDS

Tim Gilbertson

September 2024

On behalf of private clients, FHP Property Consultants are delighted to bring to the market Lincoln House which is situated on Cotes Park Industrial Estate, Birchwood Way, Somercotes.  The property is just 2 miles from Junction 28 of the M1 motorway via the A38.

The premises comprises a detached industrial/warehouse unit situated on a large 6.40 acre site.  The accommodation extends to 66,157ft² which includes clear span warehouse accommodation, two storey offices and kitchen facilities.  Externally the premises benefits from a large self-contained yard.

The property is available on new lease terms at a rent of £300,000 per annum.  Alternatively the freehold may be available.

Darran Severn of FHP Property Consultants commented:

“I am delighted to bring this property to market and I look forward to speaking with all interested parties.  The unit sits on a large site which I hope will be attractive to a number of occupiers, particularly those who require hard standing storage.  There is a limited supply of existing units between 50,000ft² and 100,000ft² and as a result we are already speaking with a couple of interested parties.  Please do get in touch if you have any further questions.”

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

ENDS

August 2024

On behalf of private clients, FHP Property Consultants are delighted to bring to the market this detached industrial/ warehouse unit on Belfield Street in Ilkeston for sale.

The property is situated in a courtyard environment off Belfield Street on the north side of Ilkeston town centre. Belfield Street links to the A6096 which provides easy access to the A610 dual carriageway, ultimately leading to Junction 26 of the M1 Motorway.

The property comprises a detached warehouse building with car parking to the front and a self-contained secure yard to the rear. The property is of steel portal frame construction, internally the accommodation is split into two self-contained units which can be converted back to one. The total site area extends to 0.38 acres.

FHP are marketing the property at a guide price of £500,000.

Corbin Archer of FHP Property Consultants commented:

“This property offers investors and owner occupiers a rare opportunity to purchase a 5,500 sq. ft industrial unit in Ilkeston. Units in this location rarely are available for sale and when they are we usually place them under offer within a matter of weeks, I therefore expect to receive a lot of interest in this property. If you are interested, please contact me on the contact details below.”

For further information on the above, please contact Corbin Archer on 07929 716 330 or corbin.archer@fhp.co.uk.

ENDS

August 2024

These are exiting times in the Mansfield secondary industrial market and in particular on the Albert Martin Business Park where further investment is being put into the business park by the landlords (Ivygrove Developments Limited) due to the great success we have had with lettings.

Our client (Ivygrove) purchased the Albert Martin Business Park as a distressed secondary industrial asset and have pumped serious capital into this estate already since their ownership with more investment to come.  This confidence coming from over 10 lettings completed on the estate by FHP and the high occupancy rates achieved.  We currently have on the market Unit 5 (27,138ft²) and Unit 6 (25,052ft²) available individually or combined (52,190ft²), which the landlord has been refurbishing alongside demolition, strip out works, upgrade works to the offices internally and the removal of all registered asbestos.  We are close to completion of these works at Units 5 and 6 and we are very excited about the product we will have at the end of this refurbishment programme and round of capital expenditure, with all other units let on the estate.

Talking more generally about the secondary Mansfield industrial market, in 2024 I personally have let the following secondary industrial properties in Mansfield which shows the demand for secondary accommodation:

• Unit 2, Albert Martin Business Park – 13,702ft²
• Unit 5A, Albert Martin Business Park – 11,663ft²
• Unit 3, Langham Park – 26,024ft²
• Unit 4, Langham Park – 13,937ft²
• Unit 5, Langham Park – 13,998ft²
• Units 1-3, Windsor Court – 40,133ft²
• 38 Brookhill Road – 10,020ft²

This space totals 129,477ft² (for more information on these transactions please get in touch).

Anthony Barrowcliffe of FHP commented:

“So far in 2024 I have personally let 129,477ft² of secondary industrial stock in Mansfield with demonstrates that the secondary industrial market in this area is performing very well with huge amounts of interest for space within the locality priced between £4.00-£6.50 per sq ft. 

I am already in deep negotiations/conversations with occupiers for Units 5 and 6 Albert Martin Business Park and have great space still available on the market including Portland Drive and Devonshire Court in Shirebrook, Bestwood Road in Pinxton and Queens Court on the Crown Farm Industrial Estate, to name but a few. 

I am excited to keep pushing this side of the market especially in the Mansfield area with more really exciting properties to come such as Unit A, Millennium Business Park, Concorde Way, Mansfield which extends to 40,325ft².  

I look forward to engaging with interested parties with the new stock coming as well as the existing stock on the market.”

For further information on the lettings completed in the Mansfield area, any properties we have on the market, the new properties I have coming, or for a general conversation on the secondary industrial market in Mansfield please contact Anthony Barrowcliffe of FHP on 07557 972008 or anthony@fhp.co.uk.

Following on from the agreement of the sale for a bespoke building of just over 100,000ft² for ABB at Fairham Business Park, Nottingham, steelwork is now up and the development is racing forward.

Due for completion in July 2025, the building will provide state of the art facilities for ABB, enabling their relocation from the centre of Nottingham to Fairham, which is probably the most accessible site by car, tram, bus and train in the region.

Sitting outside of Nottingham’s Workplace Parking Levy, the site provides quick access to the centre of Nottingham which sits a few minutes’ drive away and equally the M1 motorway at Junction 24.

To be constructed to a BREEAM ‘excellent’ standard and an EPC rating of ‘A’, this bespoke facility provides a mix of extensive office and laboratory space with manufacturing and storage facility combined, all on a self-contained site adjoining the dual carriageway A453.

The sale to ABB was agreed by Tim Gilbertson of FHP and the latest deal will see over 500,000ft² built at Fairham Business Park.  As a result, plots for manufacturing and distribution space are now running low and any parties interested in buying or renting a bespoke built facility at Fairham Business Park in Nottingham are encouraged to speak to Tim Gilbertson (07887 787 893 / tim@fhp.co.uk) at FHP Property Consultants or Rob Champion (07530259915 / Rob.Champion@fishergerman.co.uk) at joint agents Fisher German before it’s too late!

ENDS

Tim Gilbertson

19 August 2024

Following the recent deal on Unit 3 Brunel Drive, FHP Property Consultants are pleased to announce the disposal of another freehold opportunity in Brunel Drive, Newark, this time to Advanced Property Services UK Limited.

Unit 4 Brunel Drive comprises a 1,890 sq ft industrial unit with yard space, that is located on a secure and gated site and benefits from easy access to A46 and A1 dual carriageways.

Ketlin Maeorg from FHP Property Consultants comments:

“I am very pleased to have completed another sale in Brunel Drive, Newark.  It is always great to bring positive results to our clients and I wish the purchasers continuous success in their new property. 

This is further proof of the strong demand we have for freehold industrial space across the region. Capital values stay strong as we continue to produce a good level of interest across the industrial market.” 

For further information on the current industrial availability or to see how FHP can help you regarding your property requirements, please contact Ketlin Maeorg on 07929 673 232 / ketlin@fhp.co.uk.