FHP Property Consultants are delighted to announce the recent letting of 39 Chequers Lane Industrial Estate, Derby to Pinnacle Housing.

The property comprises a modern terraced industrial warehouse building which extends to approximately 216m² (2,325ft²).

Darran Severn from FHP Property Consultants comments:

“I am delighted to complete this letting in Derby.  As stock levels fall, occupiers are finding it increasingly hard to source new premises and we are seeing strong rent levels with minimal incentives.”

The Pinnacle group deliver award winning housing management and facilities management services to a wide range of public and private organisations.

Harvey Pugh, owner of the property comments:

“We are delighted to let our property to a successful and progressive company in the form of Pinnacle Housing.  We wish them all the best as they support local housing needs in the Derby area”.

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

End.

July 2015

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

Regency House Fabrics required more space to facilitate their expanding business.

Thomas Szymkiw of FHP commented:

“The new tenants were eager to move in swiftly and I am delighted that we met the tight deadline to get this deal completed.  On another positive note, this is also means that the estate is now fully let and thus creating a thriving community of small businesses in Ilkeston.  When we inherited the estate it was only partially let so it Is testament to FHP’s hard work that we have now achieved full occupancy!”

For further information in respect of this letting, please contact Thomas Szymkiw of FHP Property Consultants on 0115 841 1159 or thomas@fhp.co.uk.

Thomas Szymkiw of FHP Property Consultants is delighted to bring to the market the former Abbey Filling Station on Ashby Road in Shepshed. The property comprises workshop and office facilities situated on a small yard with parking facilities.

It is currently offered for sale with part vacant possession with the yard currently let to a car wash company on a long lease.

For further information, please contact Thomas Szymkiw of FHP Property Consultants on 0115 8411159 or thomas@fhp.co.uk.

In what will undoubtedly be one the largest disposals in the East Midlands during 2015, Tim Gilbertson of FHP is pleased to announce the letting of 150,000ft² of space at Alfreton.

Acting on behalf of Legal & General, in conjunction with joint agent Harris Lamb, the deal concluded sees the leasehold disposal of substantial manufacturing and distribution premises to Sheffield Insulation Group for their continued expansion throughout the region.

Whilst the disposal of any site is gratifying, this was particularly pleasing as the deal was agreed within weeks of the property coming to the market.

Tim Gilbertson of FHP who acted on behalf of Legal & General commented:

“What a great start to 2015!  In a market where the supply of large distribution and manufacturing premises is diminishing on a daily basis, demand is improving in line with what we hope is the continuing improvement in the general economy, properties are now not only moving but they are moving quickly.

Not many buildings of 150,000ft² or more are let in the East Midlands during any year and therefore to see this deal conclude so swiftly at the start of 2015 is a great result.  The biggest problem the market how faces is the lack of supply of good quality space at the top end as there are literally no buildings available over 100,000ft² within the M1 Corridor in Nottinghamshire and Derbyshire.  This situation continues further afield into Leicestershire to the south and north to South Yorkshire and this lack of supply threatens to stymie the growth of many companies who have active requirements.  It is extremely rare that we do not have space available on the market of over 100,000ft² but this is certainly the case at present and as a result frustrations are mounting with many potential purchasers and tenants unable to secure properties of the size they require.

Conversely as a result we are encountering increased demand for design and build property solutions but for some occupiers this can never work due to the speed of delivery.  Therefore I hope that we receive new instructions to fill this gap in the market place soon as I have a lengthening list of potential occupiers, with both freehold and leasehold requirements for units of over 100,000ft² throughout the East Midlands.

Soon to become a notable landmark on the Ashby-de-la-Zouch property scene, Fisher German’s new Headquarters building of just over 14,000ft² is racing ahead with its construction at Clowes Developments Ivanhoe Business Park.

Set in a prime location just off Smisby Road and within minutes of the A/M42, this bespoke office will provide accommodation of the best possible quality for Fisher German to enable their expansion and relocation whilst retaining their proud Ashby roots.

With the building now virtually wind and watertight, it remains on target for completion later in the year and at a time when commercial office, industrial and warehouse space is at a premium this bespoke build shows the sense of design and build solutions for many occupiers.

Tim Gilbertson of FHP who is joint agent on the scheme with Phil Randle at Salloways commented:

“It is great to see the Fisher German building progressing so quickly, it is rapidly becoming a local landmark and really is impressive.

Equally pleasing is the strength of demand that we are encountering at Ivanhoe Business Park with a number of deals ‘under offer’ on a design and build basis and we hope to announce further deals, both lettings and sales, in the coming days.

The site is proving attractive not only to office occupiers but also manufacturing and warehousing companies and with plenty of land left available I would welcome the opportunity to discuss the ability for any occupier to purchase or rent space on the site and benefit from a bespoke unit constructed to the best possible standards.”

Phil Randle of Salloways commented:

“It is always a pleasure at this stage to see the fruits of our labour taking shape.  It was a pleasure to agree this deal with Fisher German but now to see the building progress and realise that they will be in occupation in the near future is a terrific feeling, a real landmark deal for the town and a building that should serve the occupiers well for many years to come.”

FHP Property Consultants are pleased to announce the recent letting of Unit 13.6 Amber Business Centre in Alfreton, Derbyshire.

WM Tints have signed a new 3 year lease on 624ft².

Darran Severn from FHP’s commented:

“WM Tints had been looking for a small warehouse for some time having just missed out on a couple of others.  Knowing this unit was about to become vacant meant we could secure this letting with a minimal void period for our clients.  Overall this benefitted all parties involved.

The success at Amber Business Centre is underpinned by the flexibility of the estate and tenants have the option to grow in to larger units if and when available.”

In the last 18 months FHP Property consultants have successfully completed on average one letting per month totaling over 100,000ft².

There is a constant churn of units at Amber Business Centre and although a certain size may not be available today, it is likely that one will be available soon.  If you are currently looking for warehouse space around Junction 28 of the M1, please contact Darran Severn from FHP on 01332 343 222 or darran@fhp.co.uk to discuss your requirements.

End.

July 2015

Tim Richardson from FHP Property Consultants is pleased to announce the availability of an industrial/warehouse property coming to let on The Prime Industrial Park in Derby.

The property is situated within an established industrial estate on the south east side of the City on the main A514 Osmaston Road, which links the City Centre to the outer ring road.  It therefore has good access to trunk road communications but also major manufacturers including Rolls Royce and Bombardier which are situated close by.

Unit 11 is situated within a gated courtyard and has integral two storey offices, Kitchen area and WC’s.  The property is available to let on a new lease for a term to be agreed at a competitive rent.

For further information please contact Tim Richardson at FHP or joint agents Innes England.

End.

June 2015

FHP Property Consultants are delighted to have been instructed as joint agents on the letting of the Derby Trading Estate, which comprises some 26 industrial buildings suitable for either trade counter, workshop or storage uses.

There are currently three units available between 1,700 – 2,500ft² and these are offered on flexible new lease terms.

Tim Richardson from FHP says:

“The property occupies an excellent position between the A61 Sir Frank Whittle Road which links the A52 to the A38 dual carriageways and is accessed via Stores Road, which is also a busy arterial road into the City.  It therefore has excellent road communications and provides good quality accommodation including trade counter/office facilities”.

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

END

FHP Property Consultants with their joint agents Darby Keye are delighted to have been instructed to market substantial production production/storage premises on Haydock Park Road on the Osmaston Park Industrial Estate in Derby.  The premises extend to a total of some 64,911ft² on a large site of 3.05 acres providing secure yard area.  The property has a large power supply and would be well suited for manufacturing use.  However, the loading facilities would equally facilitate a warehouse use.

The Osmaston Park Industrial Estate is an established industrial location on the east side of the City having easy access to the outer ring road, A52 and A50 dual carriageway, which in turn connects to the M1 Motorway.

For a discussion or arrangement to view please contact Tim Richardson 01332 343 222.

END

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.