FHP acting on behalf of Commercial Estates Group are pleased to announce the letting of another industrial unit at the Amber Business Centre in Alfreton, Derbyshire.

Tom’s Autorefinishing Ltd have recently completed on Unit 15.10 where the 1,200ft² unit will enable continued expansion of their existing operations.

Lucinda Hancock of FHP Property Consultants who concluded the letting commented:-

“The team at Tom’s Autorefinishing Ltd were enthusiastic to source new premises to accommodate their continued expansion plans and following the recent nearby letting of Unit 1.1/1.2 to Synergy Car Centre the Amber Business Centre became the preferred Estate for the Tom’s Autorefinishing Ltd relocation.”

Philip Caspell, Asset Manager at Commercial Estates Group commented:-

“It is great to welcome a number of new tenants to Amber Business Centre.  It is encouraging to see the estate now approaching 100% occupancy with the increased level of take-up being reflective of the wider warehouse and industrial property market, where a constriction of supply is meeting an ever-increasing level of tenant demand.” 

For further information with respect to this letting, please contact Lucinda Hancock of FHP Property Consultants on 0115 841 4794 or lucinda@fhp.co.uk

END

Standing proud alongside the A38 and literally adjoining Junction 28 of the M1 Motorway, Clowes Developments are delighted to see the speedy progress of construction of Parker Knoll’s new home at Castlewood Business Park, which will offer 100,000ft² of prime bespoke production and storage space once completed.

The speed of progress is amazing with frame of the building now complete and the property due to be wind and watertight any day.

Completion of the unit is on target still for November this year with Parker Knoll anticipated to take residence in their new base and become fully operational by early 2016.

Tim Gilbertson of agents FHP commented:

“This building is quickly becoming a local landmark, standing impressively adjoining the A38 at Junction 28 of the M1.  This signifies not only the success and expansion of Parker Knoll but also the success of Castlewood Business Park where, upon completion of this building, we will see almost 1,000,000ft² built creating hundreds of jobs in the local economy.

With still well over 50 acres left to develop, interest is sought from any manufacturing or warehouse company seeking space from as little as 15,000ft² upwards.  I would be delighted to discuss and similarly progress any deal as quickly as the Parker Knoll building is being constructed!”

FHP Property Consultants are pleased to offer this modern high specification warehouse unit situated on the popular Securiparc Estate, just minutes away from Junction 28 of the M1 via the A38.

The property extends to approximately 211m² (2,271ft²) and is available from September 2015 on a new lease direct with the landlord.  The unit offers clear span accommodation and benefits from 6m eaves rising to 8m.

Darran Severn of FHP’s Industrial Agency Team commented:

“With a short supply of units in the area we expect to receive a good level of interest”.

To discuss this opportunity further or to arrange a viewing, please contact Darran Severn on 01332 343 222.

End.

June 2015

Tim Gilbertson of FHP has been asked to market high calibre potential warehouse or industrial space forming part of the ever popular Forest Business Park at Bardon Hill, just off Junction 22 of the M1 near Leicester.

Offering a prime position, this high calibre unit is immediately available to purchase and offers simple clear span space, with two storey office and ancillary accommodation all benefitting from an extensive concrete surfaced yard.

Extending to just over 5,000ft² the unit is immediately available and early interest in sought.

To discuss or make arrangements to view please contact Tim Gilbertson on 0115 9507577.

Commercial Estates Group have worked closely with Darran for over six months and during this time a very close professional relationship has been created. Darran’s expert market knowledge and hands on approach has resulted in achieving five lettings across our portfolio to date. His professional yet personable attitude and approach to all matters is commendable and Commercial Estates Group look forward to working with him on new projects in the future.

There has been a flurry of lettings resulting in near full occupancy at Amber Business Centre, reports Tim Richardson at FHP Property Consultants.  During the month of May a further 3 lettings were concluded totaling 26,291ft².

Unit 1.1/1.2 was let to Synergy Car Centre as part of their expansion plans.  Synergy are an established car dealership and the premises ideally suited their requirement providing bright and airy display accommodation, together with generous external parking areas.  A change of use was obtained prior to completing the lease.

Carl Ditta from Synergy Car Centre commented:

“The unit occupies a prominent position at the entrance to the estate and fronting Greenhill Lane and ideally suited our needs.  The site is readily accessible with easy access from the A38 and FHP structured a deal which caters for our expansion plans”.

Unit 18.1, being a modern end terrace unit of 4,573ft² was let on a new lease to Evans Light Haulage who have relocated from Ripley.

Unit 15.13 has been taken by Kustom Coatings who have relocated from Derby. Kustom are hydrographic water transfer suppliers predominantly to the automotive industry and were attracted by the location and accessibility of the estate.

Two more starter units are under offer and due to complete shortly, leaving only one unit currently remaining available of approximately 12,400ft².  This is to be refurbished soon prior to being offered to let.

Tim Richardson from FHP comments:

“The succession of lettings completed at Amber are indicative of the ongoing demand for well-located industrial and warehouse premises from SME’s.  Take up is such that we are now finding it difficult to accommodation requirements and with no new development of units at the smaller end of the scale, there is a distinct supply side shortage.  We have seen rents increase over the last 12 months to the extent that we are now approaching prerecession levels on second hand buildings.  The freehold market is no different with very few industrial properties around for businesses to buy.  Build costs have increased dramatically making new development difficult, except for large distribution units, so we continue to see second hand freehold costs rise”.

Philip Caspell, Asset Manager at landlord Commercial Estates Group comments –

“It is great to welcome a number of new tenants to Amber Business Centre.  It is encouraging to see the estate now approaching 100% occupancy with the increased level of take-up being reflective of the wider warehouse & industrial property market, where a constriction of supply is meeting an ever-increasing level of tenant demand.” 

For further information please contact Tim Richardson at FHP on 01332 343 222.

Tim Gilbertson of FHP is pleased to confirm a deal secured jointly with Jonathan Seddon of NG Chartered Surveyors the letting of this modern warehouse space in a prime location just of Junction 27 of the M1.

As stock continues to dwindle, lease terms are hardening and our latest deal further illustrates this.

With the letting achieved within a short period of time from a landlord’s perspective the market is certainly improving in terms of time taken to dispose of premises but also the general tone of leases agreed.

If we can help you to let your empty industrial or warehouse unit then please give Tim Gilbertson a call on 0115 9507577.

Acting on behalf of private clients FHP have recently completed a letting of Unit B3 Langham Park, Castle Donington to V4 Wood Flooring Limited. The 5,122ft² warehouse is V4 Wood Flooring Limited’s fifth in the UK and will become V4’s new Midlands distribution hub.

Lucinda Hancock of FHP who concluded the letting commented:

“I was thrilled that FHP were able to satisfy V4’s Midlands hub requirement at Castle Donington. This is fantastic news for the local area and we have since seen the final remaining unit marketed by FHP at Langham Park go under offer.”

Chris Vincent, Managing Director of V4 Wood Flooring Limited commented:

“The Castle Donington facility will enable the company to better serve its trade customers in the Midlands and the North.  It is an ideal location with great transport links and will complement our base in the South.  Lucinda at FHP has been a great help in assisting V4 Wood Flooring find our new warehouse and we hope to work together again as our company expands in this part of the UK.”

For further information with respect to this letting, please contact Lucinda Hancock of FHP Property Consultants on 0115 841 4794 or lucinda@fhp.co.uk

FHP Property Consultants are delighted to announce the letting of 15.4 Amber Business Centre on behalf of long term clients Commercial Estates Group.  This is the fifth new letting of sub 3,000ft² on the estate in the last 4 months.

Black Square Team Wear have taken 1,212ft² on a new 3 year lease.

Darran Severn from FHP comments:

“We are seeing increased activity this year from occupiers seeking up to 5,000ft².  This is excellent for the estate where occupancy is close to full leaving one larger unit of 12,457ft² available.”

With a real lack of stock in the area occupiers are finding it increasingly difficult to secure new premises.

For further information on this letting or to discuss your requirement in more details, please contact Darran Severn of FHP Property Consultants on 01332 343 222 or darran@fhp.co.uk.

FHP acting on behalf of private clients are pleased to confirm the letting of a unit at the Ropewalk Industrial Estate in Ilkeston to JPT Solutions Limited.

JPT Solutions Limited are an existing occupier at the Estate who were seeking to expand their set up at the Ropewalk so when a suitable sized unit became available which appealed to JPT’s requirement FHP were able to facilitate a swift completion.

Lucinda Hancock of FHP commented:

“This is another great news story for this popular Ilkeston estate – there is a flourishing community at the Ropewalk and we currently have one remaining available unit for any interested parties.”

For further information with respect to this letting, please contact Lucinda Hancock of FHP Property Consultants on 0115 841 4794 or lucinda@fhp.co.uk.

Acting on behalf of long term clients, Tim Gilbertson of FHP is pleased to announce the letting of a quality modern industrial space on Oakham Business Park in Mansfield to Medley Precision Engineers.

At a time when there is a real squeeze on stock, this building could have been let any number of times over given the paucity of space in the market and improving demand from occupiers.

Presented well and prominently sited at the head of Oakham Business Park in Mansfield, a deal was agreed quickly and a lease of over 6 years confirmed with the occupiers to enable them to continue their expansion in the region.

Tim Gilbertson commented:

“It is always pleasing to see another deal done especially when a deal sees an expanding local company take on larger premises.  This particular letting of over 8,000ft² in Mansfield acts in many ways as a barometer for the local market.  We are experiencing increased demand from both tenants and purchasers alike as stock levels are poor and the speed with which the building was let epitomises the changes we are seeing in the market at present.

Improving demand coupled with poor supply is leading to buildings being both let and sold quickly and we are starting to see the signs of both rental and capital growth.

For any potential vendor or landlord considering marketing their premises then now is probably the time to act.  In this particular instance we had at least three or four other parties who would have been interested in the building would it have been available that we had to disappoint and simply cannot house elsewhere due to the lack of space in the region.

With the economy hopefully recovering still I very much hope that new buildings will come to the market soon to satisfy the demand that we are currently encountering.  If any property owner has space to let or sell at present then I would be delighted to hear from them as if presented in good order then almost certainly good demand can be expected.”

For further information on this deal or to see how FHP have help sell or let your premises please contact Tim Gilbertson on 0115 9507577.

Occupier demand and a lack of supply of good quality industrial premises are resulting in rental increases across many of Nottingham’s industrial estates reports Mark Tomlinson of FHP Property Consultants.

Harrimans Court on Lenton Lane Industrial Estate is now full following previous estates such as Morris Court, City Business Park, The Ropewalk Industrial Estate all announcing full occupancy being achieved.

Chettles Trade Park on Midland Way now only has one unit remaining with three parties interested in taking the unit and Blenheim Industrial Estate now has very limited availability.

Mark Tomlinson commented:-

“Businesses are now starting to think more progressively about their business plans moving forward in light of the security created by the result in the general election and this progressive thinking, coupled with the lack of availability, has resulted in some competitive negotiations being made by landlords in relation to their vacant stock”.

“We have seen rents increase by 20% in some cases from 12 months ago and should this increase continue we may start to see speculative development. We are already advising on a number of plots around the city where such development is in the pipeline and we hope to see some progress on these in the coming months.”

END

Mark Tomlinson at FHP Property Consultants has recently concluded a further sale at Drakehouse Court in Sutton in Ashfield close to Junction 28 of the M1 Motorway to Deep Sea Plc. This marks yet further activity at Junction 28 of the M1 where we are seeing increased demand but increasingly short supply of commercial properties for occupiers seeking properties in that area.

The property was marketed on a leasehold basis but such is the freehold demand in the Junction 28 area we were able to achieve a strong freehold price for the client enabling him to re-invest the proceeds into other investment markets.

The property has been on the market with another Agent for 6 months but FHP managed to find a buyer within a fortnight.

There is now a real shortage of available stock in the market generally, and especially at Junction 28. We have healthy numbers of occupiers looking for opportunities in this area.

END

Stainton are happy to recommend Tim having sold over 150,000ft² of units through him over a three year period. Tim quickly found us a buyer for this unit and at a very competitive price.

Unit 4 Harrimans Court has now been let to Direct Flues Limited, a Nottingham based supplier of flue liners, flues, flue systems and chimneys.
The company are expanding from Bassingfield on the outskirts of Nottingham and this marks another positive story for the local economy.

Mark Tomlinson of FHP Property Consultants commented:-

“When instructed to market the site at Harrimans Lane we had 4 available units and following continued improvement in the general market conditions we have now let 2 units on the Harrimans Court site and have a further unit under offer. This now leaves us with only one unit remaining, a modern steel portal frame unit of 5,000ft².”

“There are increasingly fewer options for tenants to choose from within a variety of size brackets of any real quality and it is getting to the point where we are now seeing appetite from developers to speculatively build in the Nottinghamshire area which is very positive.”

END

FHP have agreed to lease the Former Alltools Premises on Ashling Street in Nottingham to Henton and Chattell Ltd to accommodate their expansion plans following positive trading over the last few years.

Mark Tomlinson of FHP Property Consultants commented:-

“We are finding increasingly few options for industrial enquiries around Nottingham City Centre and the letting of this property was achieved in very short timescales compared to that of previous years. Significant interest was brought forwards for the property at the commencement of marketing and the letting has been achieved within very positive timescales”.

END

FHP Property Consultants are delighted to announce that work has commenced on a refurbishment of the Former Timber Trade Centre site on Daleside Road in Colwick to accommodate the expansion of Just Car Clinic Ltd, a vehicle repair and bodywork specialist expanding within the area.

The Landlords of the property are putting together a substantial refurbishment to include a full re-cladding and provision of a customer facing entrance to the site off Little Tennis Street.

Mark Tomlinson of FHP Property Consultants, who acts on behalf of the Landlords, commented:-

“I am delighted to see that work is now underway and completion of the work should be achieved by July of this year. This is a substantial build programme to accommodate Just Car Clinic’s requirements and I am delighted that we have found a suitable option for them. The Former Timber Centre will provide a fantastic location for Just Car Clinic and will certainly improve the overall outlook of this part of the industrial estate”.

There are increasingly few options for Tenants in Colwick, The City of Nottingham and further afield and as such a refurbishment was required on an older property given the lack of existing modern options available to enquiries.

More details of this letting will follow in due course.

END

FHP Property Consultants Surveyor Mark Tomlinson has again succeeded in letting our unit on County Business Park. His knowledge and insight into the Commercial market has shown through in gaining such a quality tenant in YESSS Electrical.

We approached FHP to search for options in central Nottingham. They really listened to our needs; creative studio space, meeting rooms, parking and a central location with flexible terms, and responded swiftly. From first approach to moving in has been 4 months! Mark Tomlinson has guided us through the whole lease process with diligence, patience and a pragmatic approach at all times.

Our unit was vacated last Xmas time, and we continued to instruct a national agent that had been trying to assign the original lease on behalf of our former tenants. As soon as this lease had expired, we looked at the market place locally and turned to Tim at FHP as he had been recommended to us and had offices in both Nottingham and Derby. We were then delighted to secure such a big name tenant in a relatively short period of time. Tim’s friendly and approachable manner, coupled with his professional skills, have produced a very favourable result for our partnership.

I have undertaken business with Tim for over 15 years on a number of projects across the Midlands encompassing acquisitions, lettings on multi-let industrial estates and disposals.  He has always worked efficiently and conscientiously achieving good results and keeping us informed along the way.

FHP Property Consultants are delighted to be appointed to act on behalf of Pall Mall Estates at the Bloomsgrove Industrial Estate in Nottingham. The Estate is accessed via Norton Street off Ilkeston Road and is positioned less than 1 mile from Nottingham City Centre with good access to the A6514 Ring Road.

FHP are firstly launching the marketing of Unit 4, a warehouse extending to some 801m² (8,628ft²) and offers rear roller shutter loading access, trade counter, ancillary accommodation, parking to the front and secure shared rear yard. Unit 4 is being marketed To Let at an asking rent of £30,000 per annum exclusive and is available immediately.

Lucinda Hancock of FHP’s Industrial Agency Team commented:

“We are thrilled to be involved with the continued success at the Bloomsgrove Estate and the current available unit provides a fantastic opportunity for an occupier seeking to be well located in terms of proximity to both the local transport connections and amenities.”

For further information please contact the agents, Lucinda Hancock and Tim Gilbertson at FHP on 0115 950 7577.

FHP Property Consultants are delighted to bring to the market 2 adjoining modern industrial/warehouse units of 2,920ft² each on the established Manners Industrial Estate in Ilkeston.

Unit 1 currently has a high office content whereas Unit 2 comprises conventional warehouse space.  Both have loading and parking facilities to the front and are available individually or combined, providing  a total of 5,840 ft².

Tim Richardson from FHP comments:

“These two modern units are currently occupied by one business on the Manners Estate.  Ilkeston is proving a popular location and with few small industrial units currently available we are hopeful that these will receive a good level of interest”.

For further information contact Tim Richardson at FHP: 01332 343 222.

FHP have one available unit remaining To Let at the Ropewalk Industrial Estate in Ilkeston. When FHP were appointed as Managing and Letting Agents two years ago 24% of the units were vacant and now following healthy take up of a range of different sized units over the previous months we are delighted that Unit D11 is the final 242ft² available.

Lucinda Hancock commented:

“We have seen the lettings of six units of variable sizes complete since January 2015 ranging from 242ft² to 1,982ft². This is great news for the Estate and I am delighted to be within touching distance of full occupancy hopefully within the not too distant future.”

Keith Collis of the Ropewalk Industrial Estate commented:

“In the space of approximately two years since I appointed FHP as Managing and Letting Agents for my property at the Ropewalk in Ilkeston FHP have almost tripled the rent roll. The efforts and enthusiasm of Lucinda Hancock have resulted in the estate being virtually 100% let, the whole team are a pleasure to deal with and I cannot thank them enough.”

In the space of approximately two years since I appointed FHP as Managing and Letting Agents for my property at the Ropewalk in Ilkeston FHP have almost tripled the rent roll. The efforts and enthusiasm of FHP have resulted in the estate being virtually 100% let, the whole team are a pleasure to deal with and I cannot thank them enough.

FHP acting on behalf of private clients are pleased to confirm the letting of a unit at the Ropewalk Industrial Estate in Ilkeston to AB Electrical Services Limited.

AB Electrical Services Limited has relocated from premises in Nottingham City Centre into a double unit at the Estate which has experienced healthy take up in recent months.

Lucinda Hancock of FHP commented:

“Following this most recent letting in Ilkeston FHP now have one remaining available unit at the Estate having let nine units at the Ropewalk within the last eight months.”

For further information with respect to this letting, please contact Lucinda Hancock of FHP Property Consultants on 0115 841 4794 or lucinda@fhp.co.uk.

Acting on behalf of private clients, Lucinda Hancock of FHP Property Consultants has successfully let another unit at the Ropewalk Industrial Estate in Ilkeston.

Vintage Motor Scooters had been seeking larger workshop premises in the local area and were already familiar with the range of units at the Estate. FHP were successfully able to find an available unit to suit their size requirement perfectly and completed the deal within two weeks of going under offer.

Lucinda Hancock who acted on behalf of the landlord commented:

“This is another great news story for Ilkeston light industrial take up as demand continues from local occupiers seeking units of sub 2,000ft².

We have since seen a successive unit go Under Offer and are now even closer to achieving full occupancy at Station Road.”

For further information with respect to this letting, please contact Lucinda Hancock of FHP Property Consultants on 0115 841 4794 or lucinda@fhp.co.uk.

FHP acting on behalf of a private individual are pleased to announce the letting of Unit B3 Ropewalk Industrial Estate in Ilkeston to P2B Construction Limited.

P2B Construction Limited has committed to a three year lease at the Estate and already has close links with Ilkeston and the surrounding area.

Lucinda Hancock who acted on behalf of the landlord commented:

“We are pleased to complete the letting of a further unit on behalf of our client at what is a thriving and popular Ilkeston estate.

P2B Construction Limited had been looking at a number of opportunities in the local area and we were delighted to accommodate their requirement at the Ropewalk.”

P2B Construction Limited have taken up 1,982ft² which represents one of four lettings to have completed at the Ropewalk Industrial Estate in 2015.

For further information with respect to this letting, please contact Lucinda Hancock of FHP Property Consultants on 0115 841 4794 or lucinda@fhp.co.uk.

Lucinda Hancock of FHP Property Consultants has recently finalised the letting of another unit at the Ropewalk Industrial Estate in Ilkeston to Prestige Retail (Midlands) Limited.

Prestige Retail (Midlands) Limited was already based in the local area and was enthusiastic to take up space within the close vicinity of Ilkeston to accommodate their expanding business which marks another positive story for the local economy.

Lucinda Hancock of FHP Property Consultants commented:-

“Towards the end of 2014 we have noticed a marked increase in enquiries being received for industrial units less than 2,000ft² which we have been able to accommodate at the Ropewalk estate. 

We are currently bringing forwards good levels of interest on similar units which could further reduce the availability of sub 2,000ft² light industrial space in the market”.

For further information with respect to this letting, please contact Lucinda Hancock of FHP Property Consultants on 0115 841 4794 or lucinda@fhp.co.uk.

Acting on behalf of private clients, Lucinda Hancock of FHP Property Consultants has successfully let another unit at the Ropewalk Estate in Ilkeston.

The letting to Taximan represents another success story for FHP where the varied size of units available has appealed to local expanding businesses.

Lucinda Hancock of FHP commented:

“I am very pleased to let this latest unit at what is a truly blossoming estate. I have no doubt that Taximan will be a real asset to the Estate and will further contribute towards what is already a great atmosphere down at Station Road.”

For further information with respect to this letting, please contact Lucinda Hancock of FHP Property Consultants on 0115 841 4794 or lucinda@fhp.co.uk.