Parker Knoll’s new 100,000ft² manufacturing facility at Castlewood Business Park, J28, M1/A38 nears practical completion, delivered on time and to a bespoke first class specification.

With over 50 acres of land left for development, 1,000,000ft² already built or under construction, Castlewood can be your next business home too, ideal for any growing manufacturing, distribution or office use.

A comment regularly heard in property circles throughout not only Nottingham but also the County, East Midlands and almost Country wide, is that lack of stock is driving quick sales and lettings as demand improves for industrial and warehouse space throughout the region.

Nowhere has this been more clearly shown than with a deal concluded at Finch Close just off Lenton Lane, Nottingham’s prime industrial estate sitting adjacent to Nottingham’s Ring Road and within minutes access of the City Centre, where Tim Gilbertson has completed the sale of good quality warehouse and office accommodation on a substantial site to expanding local company Snowden Healthcare.

Why does this deal exemplify the market?  Simple, the property was put ‘under offer’ within a matter of days of coming to the market with potential purchasers queuing up for such a sought after and rare visitor to the market.

Tim Gilbertson commented:

“With so little industrial and distribution space to purchase throughout the region, whenever a good opportunity comes to the market such as this one at Finch Close, then if marketing is effective strong demand can be expected from the off.  This was certainly the case with this opportunity and when I was invited to place it on the market my initial reaction was that it would sell well and at a strong price given its prime location on probably the best estate in Nottingham, certainly the one with the best road links, whilst also on a large site, which always appeals to potential buyers.

A deal was quickly agreed and solicitors instructed with a local company, Snowden Healthcare, to facilitate their expansion and relocation and we wish them well in their new base.

I have no doubt that due to their diligence and quick response to purchase they have not only secured an excellent base for their long term business growth but also will see increased values in the future as this simply is, in most occupier’s minds, as good a location as there is in the County, with terrific road links, access to the City Centre within moments and a location augmented further by the arrival of the new tram line.

The only frustration with this deal is the number of parties that we now have still ‘queuing up’ for similar buildings and stock, rather than demand, is the biggest hurdle to overcome when trying to piece deals together.”

Tim Gilbertson concluded:

“The market continues to be strong and we expect to announce further deals similar to this later in the year as demand continues to improve and stock remains poor.  Values are certainly rising in terms of both capital and rental figures and this trend seems likely to continue.”

For further information on the deal or to see how Tim Gilbertson can help you with the sale, letting or acquisition of any industrial, warehouse or commercial stock please contact him on 0115 9507577.

With so few modern small industrial units available on the market, FHP Property Consultants present a prime opportunity, having been instructed to market 20 Dunton Close.

The property is situated on the West Meadows Industrial Estate, one of Derby’s most popular estates situated off The Pentagon Island, with excellent road connections including the A52 leading to the M1 Motorway, A61 Sir Frank Whittle Way leading to the A38 dual carriageway, and the City Centre via the inner ring road.

The mid-terrace production/warehouse unit extends to some 218m² (2,348ft²), with loading doors, gas blower heating and florescent lighting. There is an integral office, WC, kitchen and store/server room and allocated parking at the front.

Tim Richardson from FHP comments:

“There are very few properties of this size available in or around the City and we are expecting interest to be good.  The property is in an excellent location for access both around the City and trunk road connections beyond”.

For further information contact Tim Richardson at FHP on 01332 343 222 or timr@fhp.co.uk.

Ends.

November 2015

Parker Knoll’s new 100,000ft² manufacturing facility at Castlewood Business Park, J28, M1/A38 nears practical completion, delivered on time and to a bespoke first class specification.

With over 50 acres of land left for development, 1,000,000ft² already built or under construction, Castlewood can be your next business home too, ideal for any growing manufacturing, distribution or office use.

On behalf of private clients, FHP Property Consultants are pleased to bring to the market Unit 7 Nunn Brook Rise, Huthwaite, Nottinghamshire.

The light industrial/warehouse unit extends to 93m² (1,006ft²) and is available for immediate occupation. The property benefits from a recent internal refurbishment and a full height roller loading door.

Nunn Brook Rise is within a minute’s access of the A38 which links to Sutton in Ashfield, Kirkby in Ashfield and Mansfield to the East, and Junction 28 of the M1 Motorway to the West.

The unit is available to lease on flexible terms at a rent of £6,000 per annum.

Darran Severn from FHP Property Consultants comments:

“The unit presents very well and I look forward to handling all enquiries.  Given the size I suspect this would be ideal for small businesses looking to take that next step.”

For further information on this property or to arrange a viewing, please contact Darran Severn on 01332 343 222 or darran@fhp.co.uk.

ENDS

10/2015

FHP Property Consultants and Landlords Commercial Estates Group are delighted to welcome Kaydian Design Limited to their new premises at The Amber Business Centre in Riddings.

Kaydian have taken a lease of circa 30,000ft² of warehouse space to relocate their central distribution warehouse facility.  Kaydian is a leading supplier of upholstered bedsteads to the UK contract and retail sector.  The acquisition will facilitate Kaydian Design continued expansion in the UK.

Richard Jeffrey from Kaydian comments:

“Due to redevelopment of our old facility we needed to identify suitable alternative premises and homed in on The Amber Business Centre due to proximity to the A38 and M1 and the availability of the right premises with good yard space”.

The building itself was in need of some refurbishment and these works were carried out by Commercial Estates Group prior to completion of the lease.  The building therefore provides good quality warehouse space with 2 loading yards, secure yard, sales and admin office and staff facilities.

Tim Richardson from FHP Property Consultants adds:

“Having identified the right building for Kaydian, the Landlords set to work agreeing a specification, schedule of works, completing the documentation and once agreed pressing on in overseeing the refurbishment works to provide an excellent facility”.

FHP Property Consultants have one unit currently available of 12,400ft² which is currently undergoing refurbishment prior to being ready for occupational in October.  A further three production and warehouse buildings will be coming available at the start of 2016 providing units of 14,449ft², 25,533ft² and 40,404ft² together with a separate office of 3,377ft².

Tim Richardson adds:

“These four buildings are currently used in combination for production and distribution purposes totaling some 83,764f² which again could be occupied as one facility, or equally as separate individual units with their own dedicated loading and yards.  The Amber Business Centre is a managed site with easy access to the motorway network and given the current shortage of industrial premises of this size we anticipate there will be a good level of interest.”

Philip Caspell of Commercial Estates Group added:

““We are pleased to welcome Kaydian to Amber Business Centre.  This latest letting demonstrates the continued attraction of Amber Business Centre to a wide variety of occupiers.  By carrying out a pro-active asset management strategy we have managed to increase occupancy on the estate massively and are confident that we will be fully let in the near future.” 

For information please contact Tim Richardson at FHP on 01332 343 222 or timr@fhp.co.uk.

End.

August 2015

The communication and response time from Darran at FHP was second to none and we are grateful for all your help throughout the process

FHP Property consultants have recently let Unit 12 of the Derby Trading Estate to PK Garage, securing 96% occupancy for the Estate, having been instructed to market the site with joint agents.

Derby Trading Estate comprises 26 light industrial units ranging from 1,700ft² to 2,523ft² and is located in a prominent position on Stores Road which benefits from direct access to the A52 dual carriageway, leading to Junction 25 of the M1.

PK Garage, start up car repair business, have signed a new three year deal on 1,718ft².

Michal Kolan from PK Garage commented:

“We had been looking for a warehouse in Derby for some time and after viewing a number of units we were pleased to agree terms on 12 Derby Trading Estate.  The communication and response time from Darran at FHP was second to none and we are grateful for all your help throughout the process.”

Darran Severn from FHP commented:

“Derby Trading Estate continues to be a popular location for trade counter operators and rents certainly reflect this.  We currently have one unit remaining for any interested parties. ”

For further information please contact Darran Severn on 01332 343 222 or darran@fhp.co.uk.

ENDS

September 2015

On behalf of long term clients, Cornerstone Real Estate Advisers, Tim Gilbertson of FHP has recently acquired a major industrial/warehouse unit on Glaisdale Parkway in Nottingham.

Held on a long term lease to Agilitas IT Solutions Limited, Tim Gilbertson introduced and advised Stagecoach on their acquisition of the investment.

Offering high calibre warehouse/production space on one of Nottingham’s best estates, the deal was swiftly concluded and should provide the purchasers with long term income and an excellent property.

Tim Gilbertson commented:

“I have acted for Cornerstone Real Estate Advisers for any number of years and previously have undertaken both investment acquisitions and also leasehold and freehold disposals and acquisitions.  Therefore it was pleasing to again introduce this opportunity to them to augment their extensive ownership on Glaisdale Industrial Estate which has always served them well.  The building purchased is one of the best units on the estate, offering detached high calibre warehouse or potential production space with extensive yard and parking and whilst the building provides long term income for our clients it also provides long term very re-lettable space on an ever popular industrial estate.”

For more information on the transaction or to see how Tim Gilbertson can help you with investment acquisitions, disposals or occupier lettings or sale then please contact him on 0115 9507577.

FHP property consultants have agreed a letting to the Dutch firm, Light & Living, for Unit 6 Securiparc, Wimsey Way, Alfreton, on behalf of private clients.

Located within minutes of J28 of the M1, this modern warehouse extends to approximately 392m² (4,222 ft²) providing clear span accommodation on a secure gated site.  From the initial viewing, terms were agreed within a matter of days, as a consequence of FHP’s proactive approach throughout.

The Dutch firm are distributers of home accessories, specialising in decorative lighting and were established 40 years ago in Noordwijk. They now operate internationally, with branches in Belfast, the United States and China.

Darran Severn from FHP comments:

“I am delighted this letting is now complete and pleased to see a turnaround of three weeks from viewing to the completion of the lease.  J28 continues to be a popular location for businesses which is evident by the lack of supply.”

This letting secures 100 % occupancy at Securiparc, however unit 8, which extends to 211m² (2,271ft²), will be available from December 2015.

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

ENDS

In anticipation of the forthcoming expansion and relocation of the current occupier, Tim Gilbertson is pleased to bring to the market a prime warehouse or industrial unit set just off Junction 28 of the M1, literally within 2 minutes drive of the Motorway itself.

Built in 1999, the unit is fully fitted and sits on a large securely fenced and gated site with the benefit of extensive concrete surfaced delivery yard, additional large car park and further additional trailer parking.

Fully fitted throughout, the unit benefits from an excellent specification including 8 metre eaves, two storey fitted offices, fully fitted warehouse, four level access loading doors, two with scissor lifts and excellent natural light.

In total the unit extends to 3,279m² (35,296ft²) on 1.03 hectares (2.58 acres).  A new lease is available and for any parties wishing to discuss or view I would be delighted to hear from them, please contact me on 0115 9507577.

Already the home to more than 15 various office, industrial and distribution company occupiers, Ivanhoe Business Park’s success continues unabated as original occupier DACS Office Solutions signs up to take a further new build warehouse of 11,000ft² on the park.

A remarkable deal as what was intended to be a speculatively constructed warehouse/industrial unit has been snapped up by an existing occupier on the park for expansion prior to developers, Clowes Developments, laying a spade in anger!

In a deal brokered by the agents Phil Randle of Salloway and Tim Gilbertson of FHP, DACS will take just over 11,000ft² of new build space on the park which shows again the strength of demand in this location where seven other deals are currently ‘under offer’ on a range of office, production and warehouse buildings.

Agent for the scheme Tim Gilbertson of FHP commented:

“It is great to see this deal concluded, especially as it results in one of the original occupiers of the park expanding their operations still further to take advantage of the fantastic transport routes and access to amenities that Ivanhoe offers.  Our client’s intention with this plot was to speculatively construct a unit but before we even had chance to start marketing, discussions with DACS progressed and a deal was quickly struck.  In no way though does this mean that our clients will not continue to embark on their planned expansion of the business park as we are currently starting on the development of a 33,000ft² warehouse together with plans for further industrial and distribution units shortly to follow.

With the other deals ‘under offer’ ranging from small office buildings through to larger warehouse units, this scheme really is flying but we still have plenty of land available for any other potential tenant or purchaser looking to take advantage of Ashby’s prime business park and the unrivalled location.”

Daren Haley, Managing Director of DACS Office Solutions commented:

“We identified Ivanhoe Business Park as an ideal location back in 2010 and it has since proven fundamental to the success of our Office Stationery and Document Storage Business.  The location could not be better for DACS; it has allowed us to expand our client base across the Midlands and further afield with quick and easy access to the motorway network.  The current deal is proof of this as we take on our fifth unit in five years. We have an excellent relationship with James from Clowes; he has a clear understanding of what we need as a business and it was great to get the deal done.” 

James Richards, Development Director at Clowes Developments commented:

“It is great to announce another deal on what is proving to be one of our most successful sites.

We are currently on site constructing not only this warehouse of 11,000ft² for DACS but also placing the finishing touches to a 13,000ft² state of the art office building for Fisher German Surveyors, plus starting work on a fantastic cutting edge technology veterinary surgery for Woodward Vets who are relocating from their long term town centre location.

Work is imminently commencing also on a day nursery for Incredible Kids and with seven other deals in solicitor’s hands progressing, together with the speculative construction of a 33,000ft² unit for warehouse or manufacturing purposes on site, this is proving to be one our most successful and certainly busiest sites.

The location, quality of build and accessibility to local facilities really is unrivalled and our agents keep bringing us good quality enquiries from all sectors of the market.

I very much hope that we will be announcing the completion of further deals within the next week or two.”

For further information please contact Tim Gilbertson at FHP on 0115 9507577 or Phil Randle at Salloway on 01283 500030.

Following the forthcoming relocation of Parker Knoll to new build premises in January, their current manufacturing and storing facility at Amber Business Centre in Riddings will be coming available to let.

The complex comprises 4 separate units including an office building of 3,337ft², and three detached industrial units of 14,450ft², 25,533ft² and 40,404ft².  The total available space is therefore 83,765ft².

Each industrial unit has its own loading doors and staff facilities, together with gated yards.  The Amber Business Centre is a popular managed estate with site security and easy access to the A38 dual carriageway, which connects to Junction 28 of the M1 Motorway.

The units are available individually or in combination and the landlords will be undertaking a refurbishment once they become available in the New Year.  Interest is invited, and FHP will be pleased to discuss requirements for the available premises.

For further information contact Tim Richardson on timr@fhp.co.uk or 01332 343 222 or Tim Gilbertson on tim@fhp.co.uk or 01159 507 577.

FHP Property Consultants are delighted to announce the letting of Unit A Freeth Street in Nottingham City Centre to AMC Joinery who have taken additional space from their site in London Road to service their increased workload.

This follows a sale of two units earlier this year to Smart Direct Europe Limited following the move of Parexcel into the city center.  We now have two units remaining which are currently being stripped out and refurbished to provide open span light industrial and distribution space located close to the heart of Nottingham city center available either on a freehold or leasehold basis.

For further information please contact Mark Tomlinson on 0115 950 757.

Following on from the recent sale of two high calibre warehouse/industrial units in Bardon, just off Junction 22 of the M1 Motorway, Tim Gilbertson of FHP is pleased to confirm the completion of assignment of leasehold premises on the same estate.

Unit 1, Walker Road offered modern high calibre semi detached warehouse space with good quality two storey offices and when asked to jointly market the space with Celt Rowlands of Oswestry, given the lack of options in the market place, the quality location and good specification the building offered, strong interest was anticipated.

Pleasingly this proved to be correct as the property was placed ‘under offer’ within a matter of days of marketing commencing and whilst the legal process has been slightly slower than what would have ideal, both former occupier and new occupier are delighted at the end result.

The lease of the premises has been assigned to Three Point Design who were delighted to take the space given the numerous months they had been looking for accommodation.

Equally, the former occupier on whose behalf Tim Gilbertson acted is delighted at having disposed quickly of what had become surplus space.

Tim Gilbertson commented:

“After recently exchanging on two freehold sales on Forest Business Park at Bardon I am delighted now to report a further deal on site, acting on behalf of our client, the former occupier, whose lease we have assigned to Three Point Design.

Once again, this shows the strength of demand in the Leicestershire market for good quality space as supply is almost non-existent.

This building offered warehouse accommodation with two storey offices on a large site and we are delighted that we managed to find the new occupier within a couple of days of marketing and that after a lengthy legal process Three Point Design are now in occupation.  We wish them well for the future.”

Adam Gillott, Managing Director of Three Point Design commented:

“We had been looking for new premises for our growing business for several months when we learnt that 1 Walker Road was being marketed.

Bardon Hill represents a very attractive location for us, especially given its close proximity to the M1 and easy access to Leicester.  The building is ideal and gives a perfect mix of offices and warehouse.  It has become apparent that the area is thriving with so many major businesses on our doorstep.

We are extremely pleased to have relocated here.”

Tim Gilbertson has recently sold two units on the estate and following on from the completion of this leasehold assignment anticipates two further sales on the estate to be concluded shortly.

This will leave merely one unit available on the estate, of 5,000ft² which can be purchased.  Full details available from Tim Gilbertson at FHP on 0115 9507577.

Over the last few months the scarcity of good quality warehouse and industrial space has seen capital values and rental values rise as strengthening demand has seen tenants and potential purchasers start to scramble for space with supply so limited.

Good quality units with large sites are very rare to the market and therefore when Tim Gilbertson of FHP put Unit A, Daniels Way to the market strong interest was expected given that the building offered just under 30,000ft² of modern warehouse or production space but on a very large site.  Expectations were quickly proved right and within a week of marketing commencing a 15 year lease had been agreed and solicitors instructed.

Pleasingly, that deal has now completed and Commercial Vehicle Refinishers will shortly be occupying this fantastic building on a long term lease.

Tim Gilbertson commented:

“I have let this building a couple of times previously and it always been well received given its modern specification but also the large car park and yard plus expansion land it benefits from.  When instructed to dispose of it this time around Commercial Vehicle Refinishers, who I had spoken to many times, were always a target given their need for a substantial unit with large yard.  Sensibly they acted quickly and terms were swiftly agreed given the paucity of space in the market and the ever increasing demand.  As a result a 15 year unbroken term has been completed which is sensible from their perspective as it gives them a long term home in what has been a difficult market to operate over the last 12/18 months due to the lack of supply, and from my perspective secures a fantastic deal for our client as it guarantees income for the long term.

Whilst we have seen increases in capital and rental values over the last few months as a result of improving demand and lack of stock, we are now also seeing longer term leases being taken by occupiers in complete opposite to the deals that were generally agreed during the dark days of recession.

During recession flexibility was the key word but now, with increased confidence returning to the market occupiers are seeking longer term leases without breaks as they see the need to secure good quality space for the long term with the lack of opportunities to relocate.

Our clients are undertaking minor works to the premises and then the occupiers will be in and operational at the premises within the next couple of months.

I wish them well as they have been a pleasure to deal with throughout this process.”

Yet again the speed of this deal, with terms being agreed within a matter of days of the property coming to the market, reflects the current demand and more pertinently the lack of supply in the market place.  If any other landlords or property owners are considering disposing of their warehouse or industrial space then Tim Gilbertson at FHP would be delighted to discuss and put forward marketing thoughts without initial cost or commitment as in general the vast majority of good quality well presented space will be extremely well received in the market place and tenants or indeed purchasers can be found swiftly.

For further information please give Tim Gilbertson a call on 0115 9507577.

Acting on behalf of longstanding clients, PMW Property, Tim Gilbertson is pleased to bring to the market a rare opportunity to rent or purchase substantial production/warehouse accommodation on a self contained site on the ever popular Codnor Gate Industrial Estate at Ripley.

Extending to just over 100,000ft² this property should be well received in a market starved of substantial production or storage facilities.  Tim Gilbertson commented:

“Having purchased this building for my clients some time ago, we are pleased to now bring it to the market with the property falling vacant in the first quarter of 2016.

Initial marketing is commencing as given the lack of space in the market in general early interest is sought whilst the current occupiers remain in situ.

The building offers good quality mid range space ideal for any expanding manufacturer or potential storage company seeking clear span accommodation with good quality offices to the front elevation, extensive on-site parking and a secure rear yard.

Crucially the building also benefits from both dock and level access loading and with the property being available to both rent or purchase I am hopeful that we will quickly encourage interest in the opportunity.”

For full information or to arrange to view please contact Tim Gilbertson on 0115 9507577.

In a market starved of substantial warehouse or potential production space, Tim Gilbertson of FHP is pleased to bring to the market again good quality secondary warehouse accommodation in Sandiacre, set in a super location just off J25 of the M1 and the A52.

With the number of available buildings of above 50,000ft² in the East Midlands counted on the fingers of one hand, this unit provides great value for money accommodation which is available immediately on a new lease.

Tim Gilbertson commented:

“With the supply of warehouse space up and down the M1 Corridor throughout out the East Midlands so poor, I am confident that this building will attract attention quickly.  Extending to just over 100,000ft², a new lease can be offered on a building which benefits from extensive level access loading to the front elevation plus additional loading to the rear and large yard to the front plus further space to the rear as well.  The fact that the building is set just off the M1 at Junction 25 at its intersection with the A52 can only be a further benefit, ideal for any expanding company seeking space up and down the Motorway throughout the East Midlands or those looking to benefit from the A52 Corridor.”

For further information or to discuss the opportunity in detail please contact Tim Gilbertson on 0115 9507577.

Any deal is to be welcomed at any time but when a new business is brought to the area as a result of our marketing and efforts then not only professionally is the deal good news but also bringing jobs and employment to a district is satisfying as well.

This was very much the case with the recent letting of Unit 1C at Gateway 28, a modern warehouse property set just off the A38 at Junction 28 of the M1 Motorway.

Owned by Clowes Developments, Tim Gilbertson of FHP concluded the deal with saw the expansion of Reading based Celtic Technologies Limited into the region to take a new base for their expanding remediation business.

The deal was agreed swiftly and documented equally swiftly and we wish Celtic Technologies great success in their new home for the future.

Tim Gilbertson commented:

“A swift deal was agreed and an equally swift lease documented to provide Celtic Technologies with modern warehouse space in a prime location just off the A38 within minutes of Junction 28 of the M1 Motorway.

A long term lease was concluded and we have no doubt that as the last occupier within this excellent courtyard Celtic Technologies will find their unit ideal for their business expansion.  This letting shows again the strength of demand around the Junction 28 market and with no sign of new supply coming to the market it can be fully expected that rents and capital values will continue to rise over the coming months.

From a landlord or vendor’s perspective, now has been the best time for many years to put their property on the market given the improving demand from both potential leasehold and freehold occupiers and indeed the upward trend of both rental and capital values.

I would be delighted to discuss how we might be able to help any landlord and owners with their property disposals in the future.  I can be contacted on 0115 9507577.”

Julia Roberts of Celtic Technologies Limited commented:

“We have relocated our engineering facility from South Wales to give us better transport links for our national operation. From finding the facility to moving in was a quick and painless process. We are delighted to be in the area, and have already employed 2 local staff, and are looking for more engineers. Anyone interested please go to our website www.celtic-ltd.com.” 

The Gateway 28 unit is owned by Clowes Developments and development surveyor Sarah Clowes commented:

“I am delighted that we have completed this letting and share Tim Gilbertson’s comments that whilst the deal is great, it is equally pleasing to bring a new occupier to the region.

At Clowes Development we are committed to developing the best possible commercial space in the hope of not only creating success for ourselves but also revitalising and improving locations by encouraging new occupiers and employers into the region.

This has very much been the case with this deal and thanks again to Tim Gilbertson at FHP for his determination to see this letting conclude.”   

For further information on the deal or to see how FHP and Tim Gilbertson can assist you then please contact Tim on 0115 9507577.

On behalf of private clients, FHP Property Consultants are delighted to bring to the market, Unit 3 Brooklyn Business Centre, Ripley.

Located just minutes from the A38, with links to the M1, it has easy access to the town of Ripley and business epicentres Nottingham and Derby. The modern industrial/warehouse unit extends to approximately 232m² (2,501ft²), providing clear span accommodation at an affordable rent. It also benefits from fitted offices and a full height roller shutter door.

The property is immediately available by way of a new lease direct with the landlord at a rent of £8,000 per annum.

For further information or to arrange a viewing, please contact Darran Severn at FHP on 01332 343 222 or darran@fhp.co.uk.

End.
August 2015

Acting on behalf of Marks Electrical, Leicestershire’s leading supplier of kitchen and home appliances, Tim Gilbertson of FHP has quickly disposed of two substantial warehouses on Bardon Industrial Estate just off Junction 22 of M1 in Leicestershire.  Appointed by Marks Electrical in advance of their expansion and relocation to new premises, two of their current units have been sold, with completions due later in the year.

Totalling well over 17,000ft², the units were placed ‘under offer’ within a matter of days of coming to the market and a swift conveyance followed with contracts now exchanged and completion due later in the year.

Two further units owned and occupied by Marks Electrical are ‘under offer’ with exchange of contracts due shortly showing again the strength of demand for freehold space on this estate.

Tim Gilbertson commented:

“I was delighted to be appointed to dispose of these units on what has always been a sought after estate.  The speed with which we have placed all four units ‘under offer’ at very competitive prices has surprised even myself and shows how the market is bouncing back and lack of supply coupled with increasing demand is seeing prices rise as strength returns to the market place.

We do have one further unit available on the estate but expect this to be well received and would hope/expect a sale to be agreed very shortly.

Mark Smithson, owner of Mark’s Electrical commented:

“I really couldn’t believe how quickly Tim sold our warehouses. I thought it would be a really long job but it was quite the opposite and I had a telephone report virtually daily on the progress of the sales. All together a fantastic job was done by Tim on what could have been a very tricky process.” 

For further information on the final available unit please Tim Gilbertson on 0115 9507577.

Tim Gilbertson of FHP has been instructed to dispose of good quality warehouse and office accommodation in Bingham on the ever popular Moorbridge Road Industrial Estate.

Unit 39 provides good quality two storey offices interlinking with warehouse space and secure yard beyond.

Tim Gilbertson commented:

“Bingham is always a popular location and units of this size and scale do not frequently become available on the Moorbridge Road Industrial Estate.

With the duelling of the A46, this location has improved still further in recent times and with the scarcity of stock throughout the East Midlands and in particular in sought after locations to the south of Nottingham, I hope that we will receive good levels of interest from the start of our marketing campaign in this building.

Unit 39 is presented as headquarters space, comprising excellent quality two storey offices interlinking with warehouse space and secure yard to the rear with car parking to the front elevation as well.

The unit is available immediately and I would be delighted to hear from any potentially interested parties.”

For further information please give Tim Gilbertson at FHP a call on 0115 9507577.

I really couldn’t believe how quickly Tim sold our warehouses.  I thought it would be a really long job but it was quite the opposite and I had a telephone report virtually daily on the progress of the sales. Altogether a fantastic job was done by Tim on what could have been a very tricky process.

For the first time since 1994, the rent for Oaks Industrial Estate, Leicester has been increased, after FHP undertook a rent review, on behalf of the Landlord, Peak Securities.

The 12 unit Estate, which is let to the Local Authority has an unusual rent review clause, yet FHP are adept in carrying out the review process, basing the revised rental value on the market rent at the site.

Sam Howard of Peak Securities, comments:

“Despite there being 5 yearly rent reviews the rent has remained at the same level on this Estate since 1994, yet thanks to the comprehensive work undertaken by FHP, the rental income has finally been increased and I am extremely grateful for their knowledgeable, informed, approach.”

Alastair Fearn adds:

“The rent review clauses in long leases are often unusual, poorly drafted, confusing and difficult to interpret.
In this instance my interpretation of the rent review clause was proved to be correct and allowed me to generate an increase in rent for the first time in 21 years.

We have seen in the past 12 months an increasing number of clients approaching us to represent them in both the rent review and lease extension of long leases because clients are realising the impact on value the rent has on the capital value of their asset.”

If you feel you could benefit from advice in this regard please contact Alastair Fearn of FHP on 0115 841 3913 or alastair@fhp.co.uk.

Tim Gilbertson of FHP is pleased to confirm the final trade counter letting at Wimsey Way, Alfreton with Unit B now taken by HSS Hire, filling the development and joining household names Screwfix and Eurocell on site.

Tim Gilbertson commented:

“I am delighted to see final deal complete as this means what was once a tired industrial unit has now been transformed into an active and successful trade counter base with three quality tenants on site all benefitting from a superb location and excellent property where we are sure they will trade well and exceed expectations.

The final deal concluded means that there is a real dearth of space on the market for industrial, warehouse and trade counter operators throughout the East Midlands and should any parties have space that they are looking to dispose of then I would be delighted to hear from them as we have any number of disappointing potential occupiers for this and similar units.”

For further information on the deals or to assist with your property disposal please contact Tim Gilbertson on 0115 9507577.

Throughout the East Midlands, and indeed further afield, since the general improvement in the economy rising occupier demand has been thwarted by the lack of availability of good quality secondary production or storage space.  At the ‘top end’ of the market where major manufacturing or distribution bases are sought never has this been truer with Nottingham, Nottinghamshire and indeed the East Midlands as a whole having merely a handful of buildings available at any one time of over 50,000ft².

Hopefully therefore the recent complete refurbishment of premises at Colwick which Tim Gilbertson of FHP has been instructed to market will help address this deficiency as Colwick 80, a substantial manufacturing or potential warehouse unit is launched onto the market.

Tim Gilbertson commented:

“Set just off Mile End Road, Colwick 80 offers high calibre refurbished production or potential warehousing space on its own self contained site.

The building has been refurbished to a super standard throughout and our clients are to be applauded in their attitude and approach to this property, putting it into the best possible condition in the hope and expectation of achieving a sale or letting shortly.

I have no doubt that their approach will be rewarded given the increase in strength of demand in the market place and the dearth of supply, therefore this building should really be well received by any party seeking good quality second hand space presented in immaculate order throughout for either manufacturing or distribution purposes.

Offered on a new lease, or alternatively to purchase, the building is immediately available now and I hope that any previously frustrated potential large scale occupiers will come forward and take advantage of this fantastic opportunity.”

For further information on the availability of the building and quoting terms please contact Tim Gilbertson or Mark Tomlinson at FHP on 0115 9507577.

FHP Property Consultants are delighted to be able to offer this rare opportunity to acquire freehold development land in Derby.

The 7.18 acre site is situated on the Osmaston Park Industrial Estate with a long access on to Dunstall Park Road and an additional potential access on to Ascot Drive next to the fire station.

The area is very popular with trade counter operators with nearby occupiers including Screwfix, Travis Perkins, Magnet, Dunelm, Howden Joinery, Build Centre, Topps Tiles, Jewsons and the like.  The property is very accessible from both the inner and outer ring roads, Pride Park and major manufacturers including Bombardier and Rolls Royce are nearby.

Tim Richardson from FHP’s comments:

“It is not very often that a site of this size and nature comes available to purchase within an employment area and this property occupies a good position on a popular and established estate.”

For further detail please contact Tim Richardson at FHP on 01332 343 222 or timr@fhp.co.uk

Ends.

July 2015

Acting on behalf of private clients, FHP Property Consultants are extremely pleased to announce the recent letting of A4 Langham Park, Castle Donington to Hey! Display.

Situated off Trent Lane, conveniently sitting within the triangle between Nottingham, Derby and Leicester, the 4,121ft² high caliber warehouse benefits from easy access to the M1 and A50, and is to become the new home of Hey! Display, previously located near Cavendish Bridge.

Darran Severn from FHP Property Consultants commented:

“Hey! Display required a new warehouse to accommodate their growth, and I am pleased to have been able to assist with this.  It was clear from day one this warehouse was their preferred choice.

This is the second letting within the last two months that FHP have completed at Langham Park and this is typical of the current market.  As existing stock continues to let, we are seeing a real shortage in supply resulting in higher rents and reduced incentives.”

The premises forms part of the fenced and landscaped industrial estate at Langham Park, each unit with their own service area, car parking, and with the addition of an access road. Running costs should also further satisfy new tenants, with the warehouse securing an impressive energy performance rating of B.

This letting correlates with a promising increase of interest across Derby within the industrial sector, after a few tough years, demand is fluidly rising once again.

For further information on how we could accommodate your industrial sites, please contact Darran Severn from FHP Property Consultants on 01332 343 222 or darran@fhp.co.uk.

Ends

July 2015

Acting on behalf of private clients FHP have recently completed the sale of a 7,193ft² industrial unit on the popular Manners Industrial Estate in Ilkeston, Derbyshire to Auto Spares (Sutton) Limited.

The team at Auto Spares (Sutton) Limited had been considering various freehold opportunities in the wider surrounding area and this prominent unit on Birkdale Close was considered to be a strong match for the requirement.

Lucinda Hancock of FHP who concluded the sale commented:-

“FHP specialise in the Ilkeston area and in recent times we have experienced increased market activity in the local vicinity as improving market momentum is allowing companies to plan with confidence their onward property strategies and expansion plans.”

“We were certain that this unit at Birkdale Close would appeal to a wide audience when brought to the market and I was thrilled that the property swiftly satisfied the Auto Spares (Sutton) Limited requirement.”

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

END

In a market where stock remains in very limited supply, creative solutions are often the best way forward to try and maximise empty industrial or warehouse space.  This has been the case with the refurbishment and redevelopment of a former substantial industrial unit on Wimsey Way Trading Estate at Alfreton, just off the A38 at Junction 28 of the M1 Motorway.

Advised by Tim Gilbertson of FHP the owners have completely gutted the former premises and changed what was a tired industrial unit into what has become a fantastic trade counter location following on from the letting earlier this year to Screwfix of the first part of the building.

The second letting has now completed and will shortly see Eurocell move into part of the premises for again trade counter purposes. Tim Gilbertson who dealt with the letting commented:

“It is a pleasure to see Eurocell move into this building to complement our existing occupier Screwfix.  To have such another well regarded name taking space is a great reward from our client’s perspective but also we have no doubt that the location will trade very well for Eurocell given that their main Headquarter space is literally ‘around the corner’.

We hope to announce details of the final letting shortly in what has been a terrific scheme.”

Keith Watkeys of Harris Lamb who acted on behalf of Eurocell commented:

“When this opportunity was offered to Eurocell, given the lack of similar product in the market place generally, it was too good an opportunity to turn down. It enables relocation from their existing branch which is in a less prominent industrial location to a more prominent position with complimenting adjoining occupiers” 

Once again creative thinking has helped us to secure good quality covenants for a client whilst offering occupiers superb space in a prime position.  Creative thinking like this is something we will always use to bring this approach to all our marketing. 

For further information on the deals or to assist with your property disposal please contact Tim Gilbertson on 0115 9507577.