At a time when the commercial property market is perceived as being difficult and deals are few and far between, it is a pleasure to confirm a second deal on the same estate within a matter of a few short weeks.

Acting on behalf of Abbeyfield Estates, Tim Gilbertson of Fisher Hargreaves Proctor has completed the sale of high quality sought after warehouse accommodation on Nottingham South & Wilford Industrial Estate.

This estate continues to outperform many in the region and having recently also let a smaller unit on the estate, it is a pleasure to see this deal concluded on a sale basis to a local occupier.

Nottingham South & Wilford continues to be a sought after location set in the south of Nottingham and offering good quality units with their own easy access and car parking spaces.  These factors combined continue to see deals concluded on both leasehold and freehold terms on the estate.

Indeed, Fisher Hargreaves Proctor are now marketing a smaller unit on the estate on a purchase basis for which offers have been received within 48 hours of the building coming to the market and a strong interest continues.

Tim Gilbertson BSc (Hons) MRICS, partner of Fisher Hargreaves Proctor who dealt with the sale commented:-

“It was a pleasure to act on behalf of Abbeyfield Estates in this disposal and achieve a price which reflects the scarcity of opportunities on this estate.  The purchaser, who is already represented on the estate saw the value in the premises not only in terms of his business but also as a future investment and quickly pounced to agree an appropriate sale figure.  I wish them well in their additional space.

“Having let a few weeks previously a smaller unit on the estate and now having a third unit available to purchase, I very much anticipate that despite the general unease in the commercial property sector at present, this estate will continue to go from strength to strength  and I will be reporting a third deal in the forthcoming weeks.  I will be delighted to discuss this further building which is available with any interested parties.”

For further information on the transaction concluded or to discuss the availability of the remaining unit on the estate and indeed any other property matters, please contact Fisher Hargreaves Proctor on 0115 950 7577.

Acting on behalf of Scottish Widows, Fisher Hargreaves Proctor have completed the rapid letting of a high quality, refurbished, second hand industrial unit on the Centurion Business Park at Blenheim Industrial Estate. 

Having dealt with this estate on behalf of the landlords, Scottish Widows, for some time, Tim Gilbertson BSc (Hons) MRICS, Partner of Fisher Hargreaves Proctor was delighted to conclude a further rapid re-letting of Unit 2, a small, well presented and refurbished industrial/warehouse building of approximately 3,683ft².

Tim Gilbertson commented:

“It was a pleasure yet again to act on behalf of our clients, Scottish Widows and even more pleasurable to complete a quick letting of this building.

A deal was agreed within in a matter of weeks of the property coming to the market to Hargreaves Training Services to enable their national expansion.  The deal agreed sees the estate come up to full occupation again although we will have a further unit becoming available on the estate of over 13,000ft² towards the end of the year. 

I would be delighted to hear from any interested parties on that building which will equally be refurbished to a high specification throughout.

The deal concluded is a further example of continuing demand for leasehold space provided buildings are presented in pristine condition and certainly the presentation and speed of which the transaction could be completed appealed to our eventual tenants.  We wish them well in their new base.”

For further information on the transaction or to see how Fisher Hargreaves Proctor can help you with a disposal please contact Tim Gilbertson at Fisher Hargreaves Proctor on 0115 9507577.

Acting on behalf of Gala Group Limited, Fisher Hargreaves Proctor have just completed the sale of a substantial development site forming part of the Southglade Business Park off Hucknall Road in Nottingham.

Dealt with by Tim Gilbertson at Fisher Hargreaves Proctor, the deal sees a surplus land holding sold to Nottingham City Council providing capital receipt for the vendors and the ability for the purchasers to extend and further develop the existing food centre owned by Nottingham City Council.

Tim Gilbertson BSc (Hons) MRICS, Partner of Fisher Hargreaves Proctor who dealt with the sale commented:

“After extensive interest in this site I am delighted to confirm that we have concluded a sale of the long leasehold interest of well over 100 years to Nottingham City Council.

Instructed by our clients, Gala Group Limited, to market this surplus site, extensive marketing produced strong interest, to the degree that a sale of the site was taken to an informal best bids conclusion.

An acceptable offer was obtained from Nottingham City Council and subsequently Heads of Terms were agreed and solicitors instructed.

Pleasingly, the deal has now exchanged and completed to the satisfaction of all parties.

The sale of the land will enable the City Council to extend and further develop their food park already set on Gala Way and we wish them well.”

For further information on this sale or to see how Fisher Hargreaves Proctor can help you with your disposal of any commercial land or buildings please contact the team on 0115 9507577.

The sale of the former Plumbing and Heating Supplies building on The Broadway, Mansfield has just been completed to The Heatcare Pension Fund to accommodate the expansion of one of the Heatcare Group’s companies, namely, Coldcare Limited.  Acting on behalf of The Stepnell Group, Alastair Fearn of FHP negotiated the sale of the 650m² (6,985ft²) warehousing unit. 

Within days of the marketing board going up interest was received from a number of parties and it was local occupiers Coldcare Limited who emerged as the strongest party in relation to price and funding.

Coldcare Limited are already on The Broadway and currently share premises with their sister company Heatcare Limited.  The Subject Property will provide them with an ideal base to continue their expansion.  Garry Stone of Coldcare commented:-

“Having seen continued growth in recent years the current premises were becoming too small for both Heatcare Limited and Coldcare Limited to operate from.  These new premises will enable Coldcare Limited to continue to provide first class service in relation to all cooling and ventilation requirements”.

Louise Mather of The Stepnell Group added:-

“Our portfolio has changed somewhat from when we built this property for a local occupier in the mid 1970s which meant that there was no logic in retaining this building as it is remotely located from our offices.  We were delighted with the level of interest shown in the property and we were pleased to swiftly agree a deal with Coldcare Limited.  The absence of this unit from our portfolio means that we can now concentrate our efforts around our main offices in Rugby and Grantham also enabling us to invest elsewhere”.

Alastair Fearn of FHP said:-

“The majority of warehouses of this size in Mansfield tend to be new build within a terrace so it is not surprising that a good level of interest was received.  As the freehold market has become harder due to the lack of credit FHP still received a substantial amount of interest in the property mainly because of its secure yard and central position”.

This is the second piece of work that FHP have concluded on The Broadway in recent months with FHP successfully acting for The Plumbers Merchant in their recent rent review.

For further information on either of the transactions at The Broadway or for further availability in the Mansfield area please contact Alastair Fearn at FHP on 0115 950 7577.

Acting on behalf of private investors, Tim Gilbertson is pleased to confirm the letting of this quality light industrial/warehouse unit on the ever popular Nottingham South & Wilford Industrial Estate.

This estate continues to create strong interest whenever buildings become available due to its south Nottingham location and good quality of accommodation.  These factors combined together with extensive marketing have achieved rapid success and again Fisher Hargreaves Proctor have rapidly concluded a deal on this estate on behalf of their client.

Placed on the market in June of this year, the tenant has been found and the lease completed within three months providing a unique and exceptional result in what remains a challenging market.

The deal has been completed with Trent Instruments to enable their expansion and relocation from their current Ruddington base and has ended their long search for their perfect premises.

Tim Gilbertson, who dealt with the letting, commented:

“When looking at placing this property on the market, having let it previously on behalf of our clients some years ago, I was confident that despite the challenging market conditions we could still achieve early success and create an excellent investment for our client. 

This proved to be the case as within a matter of days of the unit first being placed on the market, strong interest was encountered and a deal agreed equally swiftly with the eventual occupiers, Trent Instruments.  Trent Instruments have been searching for accommodation for some time and it is a pleasure to see them finally housed in the perfect unit to enable their continued expansion.

We wish them well for the future.

The deal concluded gives our client ensured income for a further four years at a very competitive rent.

This estate is certainly not being overly effected by the difficult trading conditions we are currently encountering in general as we also have a substantially larger unit ‘under offer’ which should see a deal completed in the very near future, again within a very short period of time.

If any occupiers or owners are looking to trade their units on this estate then I would be delighted to speak with them as we have a good level of back up interest as a result of our marketing for the two buildings currently available.

I would be delighted to speak with any parties accordingly.”

For further information on the transaction please contact Tim Gilbertson at Fisher Hargreaves Proctor on 0115 9507577.

The letting of 2 industrial units at Wigwam Lane, Hucknall have completed within a week of each other at Enterprise Park, Hucknall.  Acting on behalf of Lightstone Properties, Alastair Fearn of Fisher Hargreaves Proctor negotiated terms with Michael Castles Motor Body Repairs and Kelly Communications.

Michael Castle was the first Tenant to sign taking on Unit E5 which extends to approximately 1,500ft² and was taken at a rental equating to £5 per ft² for a term of 3 years.  The unit appealed to Michael Castles because of the proximity of the site to Hucknall which is undergoing an exciting regeneration and its ease of access by all surrounding areas, assisted by its closeness to Junction 27 of the M1 Motorway. 

Michal Castles commented:-

“I have been looking for a professionally presented unit to expand my motor body repair business for some time, and as a resident of Hucknall Imex Enterprise Park is perfect for me. I am very much looking forward to being a part of the community here and am very proud to be based in Hucknall”

Kelly Communications are relocating from Huthwaite and have taken on Unit C2 which extends to approximately 1,850ft² at a rental of £5 per ft² also for 3 years.  Enterprise Park will be used as a base for their installation teams who operate on behalf of Virgin Media throughout the region.

Alastair Fearn of Fisher Hargreaves Proctor added:-

“The ability to be able to act swiftly and decisively with regard to agreeing terms and enabling Tenants to gain occupation has undoubtedly helped in securing these Tenants.” 

The site provides a variety of size units from 2,000ft² – 4,000ft² providing good quality warehousing accommodation with:-

• ¨ Roller shutter door
• ¨ 4.5 metre eaves
• ¨ 3 phase electricity
• ¨ Excellent access to J27, M1 Motorway

For further information on these transactions or any further availability at Enterprise Park please contact Alastair Fearn on 0115 950 7577.

Palmerston House, once home to Djonogly College has now been let by FHP, on behalf of Liberte Investments to training provider At Your Pace Limited.  The former mill building which extends in total to 3,478m² (37,438ft²) has been let for a term of 10 years.  A unique deal has been agreed whereby At Your Pace Limited will pay for space occupied whilst still having a lease over the whole property.

This unique arrangement means that At Your Pace Limited can bid for contracts knowing that they already have the premises in place to be able to deliver the service.  The benefit for the Landlord, Liberte Investments is that they do not have the liability in respect of business rates or maintenance. 

Ted Stanley of At Your Pace Limited commented:-

“Palmerston House will provide a fantastic base for us to be able to serve the need of the young people that we train.  The nature of the lease in place means that we can bid confidently for contracts knowing that we will be able to deliver the services required all on one site.  The property also has the added bonus of already having the D1 planning consent in place which means that we did not have to take the extra time to apply for consent”.

Nazir Asmal of Liberte Investments added:-

“We were keen to see the building used again for educational purposes and this is a sector in the market that we have been targeting.  It is therefore satisfying to be able to let the whole of the building to At Your Pace Limited which not only provides us with income but removes the liability of vacant rates and maintenance from us”.

The flexible approach adopted by the Landlord has meant that all parties have benefitted from the transaction and sees one of the largest buildings in New Basford back in use again.

For further information on this transaction or for information on alternative premises available in New Basford please contact Alastair Fearn on 0115 950 7577.

Fisher Hargreaves Proctor are delighted to announce the availability of good quality industrial accommodation at Willow Road, Trent Lane Industrial Estate, Castle Donington.  Units 17 & 18 Willow Road, Trent Lane Industrial Estate provides in total 1,007m² (10,839ft²) of good quality warehouse/industrial accommodation with ancillary offices forming part of the recognised Trent Lane Industrial Estate. The units are available as a whole or on a unit by unit basis subject to occupier’s requirements. 

Castle Donington enjoys excellent access to the main infrastructure attributed to the A50 dual carriageway which has greatly improved access to the area providing direct links to the M1 at Junction 24a and the A42/M42.  These excellent infrastructure links provide good access to the regional centres of Derby, Nottingham, Leicester and East Midlands International Airport

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented:-

“Unit 17 & 18 Willow Road offer good quality warehouse/industrial accommodation with ancillary offices.  The two units available as a whole or separately are well positioned to absorb demand from the local and regional market whilst further adding to the stock availability within the Trent Lane Industrial Estate trading area”. 

For further details on this opportunity please contact the joint agents Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222 or Graham Pepper at Doherty Baines on 02073553033

Equivalent to three football pitches, at least 12 metres high and with enough car parking for 60 cars plus large service yard, not often do properties of this size come to the market built, fitted and ready for immediate occupation.

Add these factors to a prime location off the A38 (T) within two miles of Junction 28 of the M1 and you have a rare and superb opportunity to take on prime high bay warehouse space.

Need any more incentive? Then how about a flexible lease with clients willing to offer occupation from a short term to 25 years or beyond.

Like to know more? Speak to Tim Gilbertson, John Proctor or Edward Hine of Fisher Hargreaves Proctor who are marketing the building on behalf of Quinn Group Plc

Tim Gilbertson explained:

“I am delighted to have the opportunity to let this building on behalf of our clients as it will offer personally a full cycle of development of the site having initially acquired the site for the original land owners, subsequently sold it to Quinn Group and now I have the opportunity to let it on to one lucky occupier!

When our clients built this unit, they were considering whether to amalgamate all their regular operations under a single roof or alternatively speculatively develop one of the finest buildings in the region and hold as a long term investment.

I am delighted to say that the latter strategy has been pursued and we are now tasked with a superb opportunity to provide a prime location for what will, in all likelihood, become a new home to a third party distributor or warehouse and distribution occupier.

My clients have gone over and beyond the normal specification with this building having already fully fitted it to include heating, lighting and sprinkler systems throughout and have provided high quality two storey offices in addition to the front elevation.

Benefitting from a large secure yard, with separate flood lit car park to the front, the building is unique within the region as whilst throughout the East Midlands market there may be one or two comparative units in terms of size, none are fitted and ready for immediate occupation and/or offer a landlord prepared to offer short or long term leasehold occupation.

To be launched properly to the market in the next few weeks, early interest is sought and already, bearing in mind the scarcity of product and the fact that the building is fully fitted, we have expressions of interest which hopefully will crystallise into firm requirements in the near future.

This is an opportunity which for many local companies and distributors may be too good to be missed and I hope that further strong and early interest can be generated.”

Group Development Director at Quinn Group Plc, Kevin Lunney, commented:

“The property has been built with a very definite option in mind to occupy the building for our own use.  In this regard the very highest construction and finish specifications have been applied throughout.  A very recent change in operational strategy means that the property is now available for lease and the perspective tenant will benefit greatly from the high standards deployed.  We believe that the building will be extremely attractive to a large operator seeking efficiency and scale under one roof.  Whether for our own use within the Quinn Group or for lease it is clear that the property represents a very valuable and sought-after addition to our overall property portfolio in the UK and internationally.  In managing the property in the future we will work closely with the tenant and will bring to bear our considerable international commercial property management experience to ensure a positive and long-term mutually beneficial relationship.”

Fisher Hargreaves Proctor are delighted to announce the availability of Key Point, Nix’s Hill, Alfreton.  The modern extended head quarters premises extending to approximately 3,127M² (33,649FT²) is available to purchase with offers being invited by Wednesday 20^th August with vacant possession upon completion.

The property provides substantial detached office/warehouse headquarters premises and has undergone significant redevelopment and modernisation including the installation of a new power coated curtain wall to the eastern elevation and an attractive glazed frontage to Nottingham Road. Internally the property provides to the ground floor warehouse/store accommodation with trade counter and to the first floor good quality open plan offices. Key Point is set within a site of approximately 1.6 hectares (4 acres) of which approximately 1.05 hectares (2.6 acres) of land considered suitable for expansion or development. 

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented

“Key Point enjoys a prominent position fronting Nottingham Road and adjacent to the A38 dual carriageway ensuring excellent visibility from the dual carriageway.  Forming part of the Nix’s Hill industrial estate the opportunity offers excellent access to the A38 with direct links to J28 of the M1 Motorway with the cities of Derby, Nottingham and Sheffield all within easy reach. This offers a unique opportunity to acquire substantial freehold premises with an excellent supply of land suitable for future development at a time where such opportunities very rarely come to the market. “

For further details on this opportunity or to arrange a viewing please do not hesitate to contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222 or our joint agents Salloway on 01332 298000.

Property agents Fisher Hargreaves Proctor are delighted to announce that they have successful completed the sale of 1,755ft² on Manners Industrial Estate known as Unit 1, Elizabeth Court for £149,999.  The purchasers, Derwent Roofing Limited, are moving into the premises as owner occupiers to help expand their business.

James Hartley, Surveyor at Fisher Hargreaves Proctor, commented, “This has been a hugely popular unit and we are delighted to have completed this sale to Derwent Roofing Limited.  Although we received a number of offers for the property, Derwent Roofing Limited were the company that had the drive and energy to take the property forward to a successful sale.  We are delighted that we have helped a company locate to Manners Industrial Estate whilst also fulfilling their aim of expanding their business and becoming owner occupiers.”

James further commented, “At £149,999 a deal of approximately £85 per sq ft was achieved on the property excluding the attached conservatory.  This represents a fantastic price and has also left us with a number of potential under bidders who still have a requirement to meet and should anyone have a property within this area which they would like to put on the market we would be more than happy to discuss options with them and see if we can put any of the other interested parties their way.”

Simon Byrne of Derwent Roofing Limited further commented, “We are delighted with this move as not only does it allow us to expand our current business to match our company’s growth but we are now able to run out of our own premises.  This is something that we have wanted to achieve for quite some time and Manners Industrial Estate is an ideal location for us.  We have been based in Ilkeston since we first established our business and we have found a location close to both Derby and Nottingham City Centre as well as with proximity to the M1 Motorway extremely beneficial to our company.  We can’t wait to move in to the property.”

For further information please contact James Hartley of Fisher Hargreaves Proctor on 0115 9507577.

Acting on behalf of Ryder Limited, Tim Gilbertson BSc (Hons) MRICS, Partner of Fisher Hargreaves Proctor has been instructed to dispose of substantial distribution space set in a prime location in the heart of the Cotes Park Industrial Estate at Alfreton, just off the A38 and Junction 28 of the M1 Motorway.

Ryder Limited have appointed Fisher Hargreaves Proctor as sole agents on the disposal and extensive interest is anticipated.

To be marketed by Tim Gilbertson of Fisher Hargreaves Proctor, the site extends to approximately 4.61 acres (1.865 hectares) and has a fully functioning, first class distribution facility in situ.

Tim Gilbertson commented:

“I am delighted to bring to the market this rare opportunity to secure high quality distribution space set, perhaps most pertinently, on an extremely prominent and popular estate and providing a quality building plus extensive surfaced external storage and delivery access facilities.

Occupied for some years by Ryder Logistics as their regional distribution centre, the building offers three bays of distribution space together with ancillary offices all set on a secure fenced and gated site.

However, potentially the key benefit of the site, which will make the property of interest to both occupiers and developers alike, is the extensive site area with large yard space for car parking, HGV and trailer parking, or alternatively potentially an extension of the current facility for redevelopment. 

The property will be fully exposed on the market shortly but already strong interest is anticipated and we look forward to discussing the merits of the building with any interested party shortly.”

For full details on the property and site , express an interest or arrange to view, please do not hesitate to contact the sole agents, Tim Gilbertson at Fisher Hargreaves Proctor on 0115 9507577.

The surrender and re-grant of the premises known as 10 County Business Park, Clarke Road, Nottingham has just been executed from Lindab Limited to Plumbline Limited.

The tenant’s were advised by Fisher Hargreaves Proctor who successfully negotiated the surrender of their current lease with an unexpired term of two years and two months with a simultaneous new ten year lease with five year break clause going to Plumbline Limited at a rent of £13,750 per annum exclusive.

The surrender has benefitted all parties, it has meant that Lindab Limited no longer have any liability at 10 County Business Park, it has also allowed the Landlord to gain a quality new Tenant in Plumbline Limited who are a very well established Nottingham firm on a new ten year lease.

Billy Wright, who acted on behalf of the Tenant added:-

“With our knowledge of the market we were able to negotiate a fair surrender for Lindab Limited.  By taking a proactive approach, we were able to allow the Tenant to concentrate on their core business rather than having to deal with the headache of day to day property affairs.”

For further information on the surrender and re-grant or should you have any queries regarding the occupation of your own premises, please contact Billy Wright of Fisher Hargreaves Proctor.

Fisher Hargreaves Proctor are delighted to announce that they have successfully secured a second letting at Harrimans Court on the Lenton Lane Industrial Estate in Nottingham.  The Wheel Specialists have taken a five year lease on a 3,100ft² unit at £19,000 per annum exclusive.

This is the second letting to have completed on the estate since the development was completed in June at approximately £6.12 per sq ft which is also in line with the previous letting achieved. 

James Hartley, Surveyor at Fisher Hargreaves Proctor, commented “This development has been hugely popular which can be evidenced from these two completed lettings. This along with the other units which are currently in legals just goes to show what a successful development this is.  Benefitting as it does from its excellent location on the Lenton Lane Industrial Estate the scheme has close proximity to the Nottingham Ring Road and is only 2.5 miles from Nottingham City Centre.

The Wheel Specialists, the new tenant operate as specialist wheel refurbishers and have been refurbishing alloy wheels for over 25 years throughout the UK and intend to open this latest branch within the next few months.”

Phil Murdoch, the landlord, commented “It has been great to secure two tenants so quickly after completing the units.  We do have a number of interested parties still in the pipeline and units in legals which hopefully we can tie up within the next few weeks.  To have attracted tenants of the quality of The Wheel Specialists and Motorserv has been hugely satisfying and has shown a great justification for the standard of development we have carried out at Harrimans Court.”

The Nottingham office of Fisher Hargreaves Proctor have been instructed to offer for sale with vacant possession the freehold of this prime development site set just off the A610, which links Nottingham City Centre into the Ring Road and onwardly to Junction 26 of the M1 Motorway. 

Occupying a prime and highly visible setting, the site extends to some 3.97 acres approximately and ideally unconditional bids are being sought.

The sale is being handled by Tim Gilbertson, Partner at Fisher Hargreaves Proctor who commented:

“This clearly is a rare opportunity to secure a prime development site just off one of the main arterial approaches into the centre of Nottingham.

Ideally our clients would like to conclude a swift sale on an unconditional basis but at this stage, with strong interest anticipated, we look forward to initial expressions of interest with a view to then hopefully drawing the sale to a rapid conclusion. 

I am looking forward to speaking with interested parties in the very near future as full marketing commences.”

For further information on the site please contact Tim Gilbertson at Fisher Hargreaves Proctor, the sole agents, on 0115 9507577.

Fisher Hargreaves Proctor are delighted to announce that they have successfully secured the first tenant at the recently completed industrial courtyard development known as Harrimans Court, Harrimans Lane, Nottingham.  Motor Serv Limited have taken a 10 year lease on a 5,059ft² unit at £31,000 per annum exclusive.

The industrial development was only completed at the start of June and this first letting at £6.12 per sq ft represents a record rent for this type of unit in this area. 

James Hartley, Surveyor at Fisher Hargreaves Proctor commented, “This development has been hugely popular in recent months and although we are just completing our first lease at the development we expect a couple more deals to be completed in the next week or so.  We expect interest to be high in the remaining units on the popular Lenton Lane Industrial Estate due to its proximity to the Ring Road and being only 2.5 miles from Nottingham City Centre.

Motor Serv Limited the new tenant will be operating as Dav Mac and will be using the unit as a trade counter offering a wide range of car and motoring accessories as well as satellite navigation, car audio and multi-media equipment.”

Phil Murdoch the landlord commented, “We are very pleased to have seen our first tenant secured at Harrimans Court and I am sure there will be many more to follow.  I expect that in the coming weeks you will almost certainly hear of a number of other details completing.  To have attracted a tenant of the calibre of Moterserv as our first tenant is a real acknowledgement of the quality of our scheme and is particularly pleasing for myself and our agents, Fisher Hargreaves Proctor.

We do still have a number of units remaining and can satisfy requirements ranging from around 4,300ft² up to approximately 15,000ft².”

Carl Roy of Moter Serv Limited added, “We have been looking to come to Nottingham and set up a new branch for quite a while now and once we had seen Harrimans Court it did not take us long to make a decision that this was the right place for us to be.

The location, being close to the Ring Road is fantastic for us and the size and specification of unit is just right,  We will be looking to open in August 2008 and I am looking forward to seeing us up and running in this unit.”

This is the first deal to be achieved on Harrimans Court and there are a number of others expected to complete in the next few weeks.  However, if you are interested in taking space at the industrial development then please do not hesitate to contact James Hartley at Fisher Hargreaves Proctor on 0115 8411148.

Fisher Hargreaves Proctor acting on behalf of Precious Little Ones have successfully sub-let Units 9 and 10 Long Hedge Lane Industrial Estate in Bottesford, Nottinghamshire until the 1 June 2006 at a rental of £17,505 per annum exclusive to The Class Act Musical Theatre Academy who are a local well established dance school that were desperate for additional accommodation in the area to meet their increasing demands. 

James Hartley of Fisher Hargreaves Proctor commented, “I am delighted to have successfully achieved this sub-letting.  The property had received a high level of interest given the good standard of the unit and the lack of available stock within the Bottesford area.  This move not only allowed the expansion of the The Class Act Musical Theatre Academy but also meant that our clients, Precious Little Ones were able to expand their already successful internet baby accessory shop and meant that they could open their own new 30,000ft² nation distribution centre with showroom at Kent Road in Grantham.” 

Ian Lloyd of Precious Little Ones commented, “This sub-letting has been fantastic for us as the possibility of paying rent on two buildings would have been a ‘millstone around our neck’.  However, this swift letting achieved by Fisher Hargreaves Proctor has made the move from Bottesford to Grantham an extremely smooth one and really helped us move our company forward at this time.”

For further information about opportunities in Nottinghamshire please contact James Hartley.

The Nottingham Office of Fisher Hargreaves Proctor are pleased to confirm the letting of substantial industrial accommodation just off Lenton Lane on the popular Midway Estate to J McIntyre Machinery.

Acting on behalf of private investor clients, Tim Gilbertson BSc (Hons) MRICS, Partner of Fisher Hargreaves Proctor secured a new 10 year lease of this high quality refurbished industrial unit to J McIntyre Machinery to complement their existing premises in the region.

Benefitting from large yard and car parking to the front of the production space, the unit forms part of the Midway Industrial Estate, just off Lenton Lane, Nottingham’s Ring Road.

The deal concluded sees a 10 year lease agreed to provide excellent long term income for our clients whilst also providing high quality, well specified production space close to the new tenants existing base, again just off Lenton Lane.

Tim Gilbertson dealt with the transaction and commented:

“The Midway Estate is always well received in the market place as it benefits from good quality space, in an excellent location just off Nottingham’s Ring Road and therefore within striking distance of the City Centre.

J McIntyre Machinery identified the building as suitable for their expansion plans and were attracted to its high quality refurbished space, following the works our clients had undertaken since vacation of the former tenant.

Not only was the unit well located but the specification was excellent and the building extremely well presented and therefore terms were agreed and we are pleased to confirm now the completion of the letting.

We wish both our clients and the new occupiers well in a deal which should suit all parties concerned.”

At a time when media speculation continues to report a downturn in commercial property deals, it is pleasing to know that we continue to bring new properties to the market and instruct solicitors on their disposal on a regular basis and look forward to achieving similar success for both existing and future clients in the very near future.

Fisher Hargreaves Proctor are pleased to announce the availability of store/workshop accommodation at Harrington Mills Business Park, Leopold Street, Long Eaton.  The refurbished mill is home to a number of local occupiers and this presents an excellent opportunity for local traders within Long Eaton to secure good quality, workshop/store premises in the established trading location.  The ground floor unit extends to 360M² (3,869FT²) and is available by way of a new lease.

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented:-

“Harrington Mills complex is conveniently situated with excellent access to Long Eaton town centre and onwards to the main cities of Derby, Nottingham and the motorway network via Junction 25.  The former mill accommodation is extremely flexible and suitable for a variety of uses and would ideally suit those occupiers looking to expand their current operation within a Long Eaton market.”

For further details on this unit or to discuss your requirement in further detail please contact either Jonathan Sayer or Tom Houghton at Fisher Hargreaves Proctor on 01332 343222. 

 Jonathan Sayer of property agents Fisher Hargreaves Proctor commented:-

“Enjoying a prominent position on the established Cotes Park industrial Estate, this provides a unique opportunity for occupiers to acquire extensive production facilities with excellent circulation and yard space within easy reach of Junction 28 of the M1 Motorway”

For further details on this opportunity or to discuss your requirement in further detail please contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222 or alternatively our joint agent Nigel Knighton at PSK Knighton on 0207 486 7707.

Fisher Hargreaves Proctor are pleased to announce the availability of extensive production and industrial accommodation at Cotes Park Lane, Cotes Park Industrial Estate, Alfreton. The production facility with two storey ancillary office accommodation extends to 5,917M² (63,686FT²) is set within a secure site of 3.6 acres. The property is available by way of a new lease or alternatively our client may give consideration to a freehold disposal.

Acting on behalf of private owner occupier client, Gill Merrit, Fisher Hargreaves Proctor are pleased to confirm the sale of good quality, industrial space on the ever popular Blenheim Industrial Estate.

Offering a rare opportunity to secure a substantial industrial building on a large site, the sale was agreed literally within days of the premises coming to the market.

Fisher Hargreaves Proctor acted on behalf of the outgoing occupier, with the building sold to J Wright Roofing Limited to enable their continued expansion and relocation.

The sale was dealt with on behalf of the vendors by Tim Gilbertson BSc (Hons) MRICS, Partner of Fisher Hargreaves Proctor who commented:

“Having previously completed a number of transactions on behalf of our client, I was delighted to keep up our excellent track record and secure a further sale.

It was anticipated that interest would be strong in the unit as it offered a rare chance to buy a substantial building close to the Motorway with the benefit of a large site and our anticipation was proved correct as a sale was agreed within days of the property coming to the market.

The sale has been concluded with J Wright Roofing Limited to enable their expansion and relocation and the building suited their needs ideally as it provided a rare opportunity to secure a unit with a large yard as was always required by this party who have been seeking such a premises for a number of years.

We wish both our client and the new occupier well and trust that the unit will serve them well.”

Fisher Hargreaves Proctor’s client, Gill Merritt, commented:

“Once again Fisher Hargreaves Proctor have assisted me hugely in expanding my property interests as they have done on many occasions before.  I thank them and Tim Gilbertson in particular for their continued superb service”

For further information on the transaction or to see how Fisher Hargreaves Proctor could help you dispose of your unit please contact the team on 0115 9507577.

HPC Compressed Air Systems are the latest purchasers and occupiers of one of the most recent speculatively built units at Blenheim Park, Wilson Bowden Developments successful 30 acre scheme approximately 1.5 miles from J26 of the M1 Motorway.

The unit has been sold to HPC Compressed Air Systems to allow the centralisation of their sales and service operations and will provide them with a superb base on the fringe of Nottingham within moments access of J26 of the M1 Motorway.

Tim Gilbertson BSc (Hons) MRICS, Partner of Fisher Hargreaves Proctor, acted on behalf of Wilson Bowden in the sale and commented:

“At a time when the market is harder then it has been for some while it was pleasing to see a further new build unit sold at our clients impressive scheme.

Whilst there may be doom and gloom in some quarters, Blenheim Park continues to perform well and this is the latest sale of one of our clients speculatively constructed buildings, continuing to reward our clients for their continued development at the site.

The occupiers, HPC Compressed Air Systems, relocated once seeing the superb standard of space available and the excellent location, which is well placed for quick access to both Nottingham and J26 of the M1 Motorway.

With interest levels in the remaining units still high, and with various offers on most of the remaining land at the site we hope to announce further transactions in the very near future.”

Neil Hartley, Development Director for Wilson Bowden Developments commented:

“We are delighted with the latest sale of one of our speculatively built units to HPC Engineering.

With its prime location and quality of build, Blenheim Park has continually proved itself to be a popular choice for prospective buyers.

There is a continuing interest in Blenheim Park and we are confident that we can move forward with further sales, even in a difficult market.”

The Managing Director of HPC Compressed Air Systems, Trevor Stott, commented:

“Following the acquisition of Economatics earlier this year, the superb new-build at Blenheim Park provides HPC with the quality premises we were looking for to accommodate our central sales and service operation."

To discuss your property requirements and how Blenheim Park may be the solution, please contact the sole agents, Fisher Hargreaves Proctor on 0115 9507577. 

Acting on behalf of private clients Fisher Hargreaves Proctor are pleased to announce the availability of industrial premises at A4 Cranmer Road, West Meadows Industrial Estate, Derby.  The industrial unit extending to 538M [5,791FT²] provides clear span workshop / industrial accommodation with ancillary offices and forecourt parking.

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented

“West Meadows Industrial Estate is a well established trading location on the fringe of Derby and enjoys excellent access to the A52, A38 and onwards to the M1 Motorway at Junctions 25 and Junctions 28.  The strategically significant location means occupiers can enjoy excellent coverage of the local area and the East Midlands as a whole”

For further details on this opportunity or to make arrangements to view please contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222.”

Property agents, Fisher Hargreaves Proctor have successfully completed the letting of the ground and first floor offices, E2 Southglade Business Park off Hucknall Road in Nottingham.

The new lease has been negotiated with the Carers Federation on behalf of AIS Total Security Limited for a term of three years at a rental of £16,000 per annum.

The two storey refurbished mid terrace unit extends to 1,775 ft², with the achieved rental equating to £9.01 per ft².

Billy Wright of Fisher Hargreaves Proctor commented:

“Following the change of legislation regarding business rates becoming effective earlier this month, it was important to get a suitable deal agreed for our clients and I believe that the Carers Federation will prove to be excellent tenants as they are already well established in the Nottingham area.”

It is also pleasing to see such a letting completed at a time when there is a great deal of pessimism throughout the media regarding the global credit crunch.

For further information on this deal or regarding any other premises available, please contact Billy Wright on 0115 950 7577

The sale of Unit 11 Wigwam Court, Hucknall has just been completed to Restoration and Cleaning specialists Bonsers.  Acting jointly with Lambert Smith Hampton, Alastair Fearn of FHP negotiated the deal with Bonsers for the purchase of Unit 11 which extends to 2,249ft² at a purchase price of £175,000.

Wigwam Court is a purpose built 11 unit development on Wigwam Lane, Hucknall and is already home to:-

• ¨ Diamond Flooring
• ¨ Martindales
• ¨ DTW Insulations
• ¨ Nottingham Building Plastics

Bonsers are the third occupier to sign up for this development and with two other units Under Offer only half of this scheme remains available.  Jo Bonser of Bonsers commented:-

“I have been looking for a suitable building to facilitate our expansion for some time and Wigwam Court fitted the bill perfectly as it provides good quality accommodation and a secure location as well as being close to Junction 27 of the M1 Motorway and the Nottingham Tram System.  We will be fitting out the unit to fit our exact requirements”.

Alastair Fearn of FHP commented:-

“The deal at Bonsers now means that half of the space at Wigwam Court is either Under Offer or occupied and we are expecting the remaining units to go quickly.  Our Client is prepared to be flexible on disposal terms offering not only outright purchase but also leasing with an option to purchase”.

For further information on this transaction or the availability of further units at Wigwam Court please contact Alastair Fearn of FHP on 0115 950 7577 or our joint agents Lambert Smith Hampton.

The letting of Unit H Daniels Way, Hucknall has just completed to All Shires Foods Limited.  The Nottingham office of FHP successfully negotiated a sublease for a term of 5 years on behalf of the current Tenants Sirva UK Limited.  The property extends to 700m² (7,525ft²) and a rental of £28,000 per annum was agreed. 

The property itself benefits from an excellent eaves height of 11 metres along with a large outside yard area as well as being well located for access to Junction 27 of the M1 Motorway and access to North Nottingham via the A611.

All Shires Foods Limited relocated to Hucknall from Rotherham in order to be able to serve their growing Nottingham client base.  Geoff Swain of All Shires Foods Limited said:-

“The location of the unit is fantastic for us as it is closer to the majority of our customers and also has excellent access to the M1”.

Alastair Fearn of FHP added:-

“When looking for a Tenant who is going to share the site with our client it is important to find a suitable neighbour so minimal disruption is caused throughout the term.  All Shires Foods will prove to be excellent Tenants and I wish them every success in their relocation South”.

For further information on this deal or any other available warehousing units in Hucknall please do contact the FHP team on 0115 950 7577.  We do currently have on the market warehousing units in Hucknall from 1,500ft² up to 29,600ft², available on a freehold or leasehold basis.

Fisher Hargreaves Proctor acting on behalf of The Revelan Group Plc are delighted to confirm that constructed is now well underway at the Victory Park, Victory Road. Development of the Unit 11 extending to 2,726M² [29,340FT²] is well under way and due to be completed in June 2008 and the steel work erected on Unit 9 extending to 4,831M² [52,000FT²]

The first phase of development at Victory Park provides 11 units totalling circa 14,864M² [160,000ft²] of new high quality industrial and warehouse accommodation.  Victory Park is strategically situated within easy access of Derby Ring Road (A5111) and in turn provides good access to the A50, A52 and A38 dual carriageways and onwards to the main motorway network whilst enjoying a high prominence position adjacent to the main Rolls Royce works.

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented:-

“Victory Park will provide high quality industrial warehouse accommodation with convenient access to main arterial routes.  Works are currently nearing completion on Unit 11 extending to 2,726M² [29,340FT²] whilst construction has just commenced on Unit 9 providing 5,540M² [59,250FT²].  It is very exciting to be involved in such a large scale speculative scheme, the likes of which have not been seen in Derby for a long while.”

For further details on the opportunity available at Victory Park or to discuss your requirement in further detail please contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222 or Tim Gilbertson on 0115 9507577.

Acting on behalf of Coney Green Developments, Fisher Hargreaves Proctor are delighted to announce the availability of new high quality industrial accommodation and hybrid business space at Church View, Coney Green, Clay Cross.

Church View extending to 4.1 acres (1.7 hectares) will provide 4,005M² [43,103FT²] of new build high quality industrial accommodation in a total of six units and a further 911M² [9,806FT²] of hybrid office accommodation arranged over two blocks.

Sales have been agreed on three plots to RB Allfree and Company; Roe Developments UK Limited and Carlton Technology with construction well under way on two of these plots. A further unit of 713M² [7,674FT²] is under offer and it hopeful that the sale will be completed shortly.

The industrial accommodation at Church View enables occupation from 129M² [1,390FT²] to 1,033M² [11,119FT²]. The units will benefit from roller shutter door, WC Facilities, concrete floor and finished to a shell specification to enable occupiers fit out. Construction of the first speculative units at Church View is due to commence on site with the units ready for occupation in September 2008.

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented:

“Church View Provides will provide quality industrial accommodation with excellent links to the local surrounding areas of Chesterfield, Alfreton and Junction 29 of the M1 Motorway. The site is really beginning to take shape with two plots having been sold and a further two currently under offer. This is the ideal time for occupiers looking for new accommodation within the locality to come forward and provide input into an exciting new opportunity.

There have been limited opportunities of this nature within the local market and anticipate good demand, evidenced by the fact that 3 units are already sold with a further unit under offer.”

Haydn Dickens of Coney Green Developments commented:

“Church View is the ideal location for businesses within the locality. The area affords good access to the surrounding area whilst offering a good quality accommodation in an area where there has been a lack of competing stock available.”

For further information of the opportunities available at Church View or to discuss your requirement in further detail please contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222 or our joint agent Wilkins Hammond.

Photo: Current stage of construction for Plot 4.

The British Red Cross have further extended their presence at Eco Court, Sherwood Energy Village through the acquisition of Unit 6 Eco Court on the basis of a new two year lease at a rental of £22,500 per annum.  Alastair Fearn of FHP acted on behalf of the East Midlands Development Agency (EMDA) in this disposal. 

This latest deal at Eco Court now means that The British Red Cross occupy 12,000ft² of warehousing space over 3 units to facilitate their warehousing operation in the region.

Eco Court consists of 6 light industrial/ warehousing units which have been built to high levels of energy efficiency incorporating:-

•  Automatic roof ventilation
•  Sensored lighting
•  High degree of insulation
•  Fantastic natural light
•  Thermostat controlled heating

Alastair Fearn of Fisher Hargreaves Proctor commented:-

“With The British Red Cross occupying another unit at Eco Court further jobs are created in the region to a reliable employer who are also excellent Tenants.

There is now only one unit left on Eco Court which extends to 3,000ft and is immediately available at a rental of £16,500 per annum.

For further information please contact Alastair Fearn on 0115 950 7577.

A lease has just completed on the letting of Unit 2 Wingate Close, Glaisdale Drive, Nottingham to GRG Technology Limited.  Acting as joint agents with Innes England a new lease has been negotiated to GRG Technology on behalf of Sandhill Investments Limited for a term of 10 years at an initial rental of £19,000 per annum.

The unit extends to 5,511ft² and is located just off Glaisdale Drive to the North West of Nottingham City Centre.  Following on from the acquisition of the premises by our clients an extensive refurbishment program was carried out allowing an occupier to move in without having to undertake any further works.

This means that Wingate Close is now fully occupied following on from the sale of Unit 1 in 2007.

Alastair Fearn of Fisher Hargreaves Proctor commented:-

“With Empty Rates now upon us it was important to get a suitable deal agreed for our clients to remove any further outgoings and recoup the substantial investment already made in the property.

A term of 10 years has been secured with a stepped rental starting at £19,000 per annum increasing to £25,000 in Year 5.”

For further information on this deal or any other premises available please contact Alastair Fearn on 0115 950 7577.