On behalf of private clients, FHP Property Consultants are delighted to bring to market 38 Royal Scot Road, Derby, DE24 8AJ.

The property is situated located on Royal Scot Road, which is accessed off the main A6 (Pride Parkway) at the Derby Audi  roundabout. Pride Park is Derby’s premier business address with over 10,000 people working at this location every day. The location offers excellent accessibility to Junction 25 of the M1 and East Midlands Airport via the A50.

The property comprises a two-storey modern office building which provides part of the ground floor and all of the first floor. The ground floor provides a small front facing room that can be suitable for an office/ meeting room or storage space.  There is also a separate corridor that provides additional storage space, kitchen and WC’s. The first floor provides open plan office accommodation with two cellular office rooms, a small kitchen and a W/C.

Pride Park has long been a popular choice for businesses in Derby since it was developed over 25 years ago, and it quickly has become the premier office location in the city.  It continues to be the primary choice for the majority of businesses we speak with today and accommodation on Pride Park typically comprises standalone office buildings, ranging in size from 1,000ft² to those well over 20,000ft².

The property is available at a rent of £14,950 per annum.

Corbin Archer of FHP Property Consultants comments:

“There remains very little available stock on Pride Park and as a result we are ongoingly speaking with a number of established businesses that require offices in this location. These offices aren’t available until September but given the lack of availability, there is clearly good demand at present due to this shortage in supply. If you are interested please get in touch.”

For further information about this site or to arrange a viewing please contact Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk.

ENDS

Corbin Archer

April 2025

Acting on behalf of Nottingham College, FHP has recently represented the college in the sale of the Arthur Mee Centre in Stapleford.

Following completion of the college’s new £5.4 million purpose-built centre for students with learning difficulties and/or disabilities (SLDD) named ‘The Gateway’, FHP has concluded the sale of the Arthur Mee Centre.

The funds raised from the sale have contributed towards this bespoke Grade A facility located at the college’s Basford site. The Gateway centre for supported learners opened in February 2025 and provides the very latest standards in specialist teaching and learning resources for special educational needs education.

Phil Daniels of FHP commented:

“The Arthur Mee Centre, a former Victorian school property, comprised nearly 20,000ft² on 1.6 acres and proved very popular when we launched it onto the market.  

We had strong interest from a range of parties including developers and existing users but in particular from the private educational sector.  The property was sold to the Outcomes First Group, a provider of special educational needs training.” 

Gary McGinty, Head of Estates and Capital Development at Nottingham College commented:

“We thank FHP very much for their support on the sale of the Arthur Mee Centre.  We achieved a great result which will benefit our supported learning students at Nottingham College.  A great job efficiently executed by the team at FHP.” 

The purchaser, Outcomes First Group, were represented by Jack Murray at Jaxxons Group, a specialist surveyor representing businesses in the special educational needs sector.

Pride Park has long been a popular choice for businesses in Derby since it was developed over 25 years ago, and it quickly has become the premier office location in the City.  It continues to be the primary choice for the majority of businesses we speak with today and accommodation on Pride Park typically comprises standalone office buildings, ranging in size from 1,000ft² to those well over 20,000ft².  Some of these buildings are now close to 25 years in age and range in appearance and specification, some being refurbished to a modern day standard with raised floors, air conditioning and LED lighting, with others being somewhat dated.

There remains very little available stock on Pride Park and as a result we are ongoingly speaking with a number of established businesses that require offices in this location, some of which have been looking for 12 – 18 months plus.  There is clearly good demand at present due to this shortage in supply.

Over the past twelve months, there has been a notable increase in the supply of offices between 1,000 and 3,000ft² but there is a lack of available space over 3,500ft².  There have been a couple of larger building brought to market and pleasingly these have been placed under offer quickly.  Edward Lloyd House, a detached 9,700ft² office, was placed under offer within one week of it being placed on the market.  In addition, a 13,000ft². building on Centro Place has also recently been placed under offer following a short marketing period.

Typical office rents on Pride Park range from £12.50 per ft² for second hand un-refurbished space to £16.50 per ft² for some of the better modern space on Pride Park.  Rental levels have largely remained unchanged over the past 10 years albeit we are seeing signs of growth with headline rents hitting £18.00 per ft².

To put this in to perspective, to facilitate a new build office, a rent in the region of £25 per ft² is required (subject to specification).  If rental tones continue to rise we hope to see new Grade A offices being built but at present the gap between existing and new is too far apart.

There are several key reasons why Pride Park remains the top choice for office occupiers these include:

Detached HQ Buildings – Many occupiers are specifically seeking detached, self-contained buildings that give them full control over their workspace and branding/ signage. Pride Park offers a selection of high-quality standalone office buildings, which are very attractive compared to multi-let office environments.

Location & Connectivity – Situated just minutes from Derby city centre and with easy access to the A52 and M1, Pride Park offers excellent transport links, making it a great location for regional and national businesses. Derby railway station is also within close proximity, providing easy access to London and other major UK cities.

Excellent Parking Provisions – Unlike many city centre locations where parking is a challenge, Pride Park offers businesses the advantage of ample on-site parking.

Overall, the Derby market is healthy and there are a good number of deals being done and a selection of high quality buildings for business to look at.  Rents are still sensible, but with any new build options some time away and supply diminishing, we could see these rents edging up.

For further information please contact Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk or Darran Severn on 07917 460 031 / darran@fhp.co.uk.

On behalf of private clients, FHP Property Consultants are delighted to bring to the market Edward Lloyd House, 8 Pinnacle Way, Pride Park, Derby, DE24 6SZ.

Edward Lloyd House is a high quality two storey detached office building situated on Derby’s premier business park.  The offices are finished to an excellent specification and extend to approximately 901m² (9,700ft²) including open plan offices, reception, meeting rooms, kitchen and W/C facilities.

The property is available to let on new lease terms at a rent of £175,000 per annum.

Darran Severn of FHP Property Consultants comments:

“I am pleased to place this property on the market.  Edward Lloyd House was one of the final buildings to be built on Pride Park and offers high quality accommodation.  The accommodation consists of an existing fit out and is immediately available for occupation.  It’s located conveniently close to Derby train station and other amenities on Pride Park.

Due to a lack of available options, I envisage good interest and am already speaking with a couple of parties, therefore I do not think it will be long before this property is placed under offer.”

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

ENDS

Darran Severn

February 2025

On behalf of private clients, FHP Property Consultants are pleased to be marketing the offices at The Old Coal Yard, North Wingfield Road, Grassmoor, Chesterfield, S42 5EA.

This exciting new project situated in Grassmoor comprises 4,622ft² of high-quality office space. Grassmoor is situated just south east of Chesterfield with easy access to the A617, which links to Junction 29 of the M1 motorway.  Chesterfield town centre is just a 10 minute drive from the development.

The new build offices comprise a high quality, new two-storey building with brick elevations and glass frontage. The property is currently under construction and will be practically completed in Q1 2025 offering an excellent space for tenants.  If necessary, the property could also be fit for light storage on the ground floor to facilitate a hybrid unit.  Internally, the office will be delivered with open-plan accommodation and further benefits from: suspended ceilings, LED lighting, carpeting, kitchenette, W/C facilities and 17 car parking spaces.

The offices will be available to let on new lease terms at a rent of £60,000 per annum.

Harry Gamble of FHP Property Consultants comments:

“This exciting new project will bring some much-needed high-quality office space to Chesterfield and the surrounding areas.  The current plans see four identical office buildings comprising 4,622ft² each. Off the back of marketing these offices earlier this year, we have had a number of interested parties get in touch as there is a shortage of newly built offices in the area.

Further around the back of the site, our client will continue onto Phase 2 which includes industrial/warehouse accommodation of circa 7,000ft² and upwards.  I would be delighted to speak to anyone who is interested in occupying these offices, so please do not hesitate to contact me.”

For further information please contact Harry Gamble on 07398 443 828  / harry.gamble@fhp.co.uk or Darran Severn on 07917 460 031 / darran@fhp.co.uk.

ENDS

Harry Gamble

January 2025

FHP are pleased to announce the successful completion of the sale of H4 Ash Tree Court, Nottingham Business Park. H4 is a self-contained, mid-terraced office building situated across two floors, comprising 2,350 sq. ft. Prior to the sale, the property underwent extensive refurbishment, significantly enhancing its appeal and marketability. Nestled within a landscaped area with views of the local countryside, the park offers ample parking with additional spaces available. H4 ASH Tree Court boasts excellent access to J26 of the M1 Motorway and is conveniently located near the NET Tram stop, with Nottingham City Centre within easy reach via the A610.

FHP collaborated with a private client to secure the sale. Despite initial limited interest, demand eventually increased, generating a strong level of interest in both the leasehold and freehold options. This interest led to best and final offers, resulting in a strong sale price that set a new benchmark for freehold values within close proximity to the subject property. CadXtra, the purchaser, had been searching for an ideal office space for some time and found H4 Ash Tree Court to be the perfect fit.

To highlight the ongoing demand for out-of-town business parks, FHP have also secured a new letting at G6 Ash Tree Court, which is currently under offer and expected to complete in the coming weeks. Additionally, there is interest in the remaining office suite at H7, which is available as an investment opportunity.

Amy Howard, Surveyor at FHP Property Consultants commented:

“It was a great result to finalise this sale for my client. After a slow start, we soon attracted a strong level of enquiries for both rental and purchase options. We secured an excellent sale price for my client and it was a pleasure to work alongside CadXtra in the sale, helping them find their ideal office space.

Out-of-town business parks remained popular throughout 2024, especially towards the end of the year, securing several strong deals reflecting new rental tones and freehold values. It will be interesting to see how demand evolves in 2025 and I look forward to securing further sales and lettings.”

If you are looking to purchase offices in Nottingham or need advice on marketing your office property, please feel free to contact me on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.

Following the success at Cardinal Square, Derby last year, where Inertia Consulting took some 7,000ft², Nurton Developments are now refurbishing another wing of 6,530ft².  The suite which is situated on the first floor will provide open plan high quality office accommodation benefitting from air conditioning, fibre internet, LED lighting and full height glazing.

The letting to Inertia Consulting represented one of the largest office lettings in Derby last year which has consequently given the building’s owners confidence to refurbish this suite.

This continues the trend of Nurton Developments investing in the building after having previously upgraded the building façade and modernised the courtyard to offer outdoor green space, meeting pods and recreational activities including mini-golf. They have also refurbished additional suites bringing them to Grade A standard.

Corbin Archer of FHP Property Consultants comments:

“The refurbishment works of this suite are set to complete within six weeks and will offer Grade A office accommodation to suit the modern occupiers. Off the back of the deal achieved last year, this investment shows Nurton’s confidence in the building and in the market as they are speculatively refurbishing the suite. We are already in discussions with a number of interested parties as there is a short supply of refurbished office suites across Derby particularly over 5,000ft².

If you are looking for a new office, we will be able to accommodate you here at Cardinal Square as we can offer anything from 100ft² to 20,000ft² so please get in contact with me or Darran on the details below.”

For further information please contact Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk or Darran Severn on 07917 460 031 / darran@fhp.co.uk.

ENDS

Corbin Archer

January 2025

FHP Property Consultants are delighted to have completed the letting of Unit B2, Holmewood Business Park, Holmewood, Chesterfield, S42 5US.

Holmewood Business Park is an established office park comprising 5 detached office buildings. The property is situated in Holmewood which is approximately 4 miles to the south of Chesterfield and benefits from quick access to the A617 and M1 motorway which is within 2 miles of the office.

Unit B2, is a detached self-contained two storey office building which provides open plan office accommodation across both floors. In addition, the offices offer excellent parking with 20 designated spaces.

The property has been let on new lease terms for a period of 5 years at a rent of £60,000 per annum.

Corbin Archer of FHP Property Consultants comments:

“It is pleasing to see that we are seeing the same success at this business park as last year, with the offices here now becoming fully let. Exactly one year ago, FHP let Unit 2 which comprised 3,951ft² after only having it on the market for a couple of months, thus showing the popularity of this office park thanks to its convenient transport links and specification. It was a similar story this time round having placed the property under offer in a few months.

Business parks throughout the region proved very successful in 2024 and I see no reason why this trend won’t continue into 2025 as occupiers look to create their own headquarter style building and fitout the premises in their branded image and specification. We do have a few more business park offices available so please do get in touch if you are searching for a new office this year.”

For further information on this letting please contact Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk.

ENDS

Corbin Archer

January 2025

As we approach the end of 2024, it is a good time to reflect on the past year in the office market, particularly focusing on sub-5,000 sq. ft, current market trends and what to expect in 2025. Nottingham’s office market has shown resilience and adaptability in 2024, despite facing various challenges throughout the year. From an initial market sweep, here are some early insights and key figures.

Nottinghamshire office market overview

Office occupiers are taking longer with their decision making to secure their ‘ideal’ office space, with preferences continuing to evolve. Overall take up in Nottinghamshire is 359,000 sq. ft in 2024. This reflects a reduction of 5% from 2023, albeit the figure could slightly increase prior to the end of the year. This indicates, that while there is demand for offices, decision making is a critical element and many occupiers are taking a more cautious approach if all their specific requirements are not met.

The Government’s ‘Working From Home’ scheme, whilst successful post Covid-19 may be shifting, as a preference for returning to the office emerges as a key drive for Q3/4 2024 and leading into 2025. The average letting size in Nottinghamshire is around 3,750 sq. ft a 7% increased from 2023, suggesting occupiers are rethinking their return-to-work policies and the extent of their rationalisations. This trend is expected to continue in 2025, increasing demand for office space as occupiers seek a healthy work-life balance.

The preference for quality over quantity is emphasised, with the main demand remaining in the sub-5,000 sq. ft market. Throughout 2024 73% of office deals were between 5,000 sq. ft and 59% below 3,000 sq. ft.

Out-of-town business parks in Nottinghamshire continue to experience robust demand. We have observed that office spaces in these locations remain on the market for only a limited duration, generating significant interest during the marketing periods. The inherent flexibility of business parks, including features such as proximity to natural surroundings, ample car parking and accessibility to public transport, makes them an attractive option for occupiers who do not require a city centre location.

City centre office market overview

In the city centre office sector, there has been a significant increase in floor space dedicated to amenities such as café, breakout space and more luxurious/comprehensive facilities. This trend, seen throughout 2024, is driven by operators aiming to bring workers back to the office and highlight a healthy work-life balance.

56% of city centre take-up was on Grade A spaces totalling 92,286 sq. ft, despite less than 4% of office supply is readily available Grade A space, further demonstrating the imbalance between supply and demand within the higher quality market. The current availability of office space is set below:

Grade A – 269,735 sq. ft

Grade B – 331,859 sq. ft

Grade C – 134,310 sq. ft

Of the Grade A figure above, only 32,000 sq. ft is readily available and occupiable now, the remainder, subject to refurbishment, expected to be ready by the latter of 2025. Refurbished office spaces highlights landlords’ responsiveness to occupier needs for higher quality space, with some taking the risk to invest capital in their existing offices to increase take-up, a risk, no doubt, has paid off during 2024. City Centre take up has increased by just over 7% from 2023, currently standing at 164,650 sq. ft, demonstrating a continued drive towards the best quality product in the city centre. The average letting size for Grade A office space was just over 6,150 sq. ft further demonstrating demand for quality within the corporate sector. Prime rents for new supply refurbished office space now exceed £26.00 per sq. ft. highlighting the stark contrast between prime and secondary rents, the prime continuing to rise.

Summary

There has been strong activity within 2024, demonstrating that the office market is not struggling as much as one might think. However, the current city centre office availability stands at 732,200 sq. ft with much of this space being Grade Band C which remains problematic due to prolonged vacancy periods. The key message to landlords/investors is to invest in their properties, as taking risks can yield rewards in this market. The demand for high quality office space is expected to continue rising as occupiers return to the workplace, with emphasis on excellent ESG credentials, EPC ratings and welfare. As well as focusing on more flexible lease structures for tenants and offering fitout options, allowing for easy adaptability for occupiers looking for a ‘plug-in-and-play’ approach.

In light of the trends observed in 2024, we anticipate a sustained or even increased demand for office space in 2025. Currently, we are already engagement in discussions with a strong level of potential occupiers. It is expected that occupiers will remain cautious and deliberate in their decision-making process until they identify the ideal property. However, with the introduction of Grade A refurbished spaces over the coming year, we are confident in our ability to meet their needs, in the hope to foster a more favourable market environment throughout 2025.

For further information, please feel free to contact me on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.

In 2024, general office market trends have continued with occupiers emphasising the importance of quality of space. There are currently a number of key requirements from established businesses albeit given their focus on quality, finding a suitable office space in the City Centre and surrounds is proving difficult. Transaction times are taking between six to nine months from meeting on site to completion as occupiers are taking longer to make decisions. Rental values and capital values have largely remained unchanged over the past 10 years for offices in the area albeit we are seeing signs of growth but require Grade A space to drive the values even further.

Derby City Centre

In the city centre, there remains limited good quality office space and it will be interesting to see if the plans to build new offices comes to fruition. Slightly further out from the centre, the multi-let office schemes have seen a number of lettings complete this year. Cardinal Square has landed one of the stand-out deals of the year with a 7,000 sq. ft. letting to locally based Inertia Consulting which is of significance give the typical transaction bracket is between 1,000 sq. ft. and 3,000 sq. ft. Pentagon House, following its success of 2023 where it became fully let, now has one wing back available offering 3,747 sq. ft of high quality space. Lastly, RTC Business Park has seen a number of tenants upsize and relocate within the business park, which whilst these deals are not new tenants, it shows the strong demand for tenants who are based there to remain in place due to the quality of the space that is offered and the facilities the site has.

Pride Park

The majority of businesses still have a preference for offices on Pride Park where there is a lack of availability over the past 12 to 18 months between 4,000 sq. ft and 10,000 sq. ft and therefore there is strong demand for this space. Pleasingly there is more availability of offices over 10,000 sq. ft. on Pride Park, with more coming in the new year also. It will be interesting to see how quickly these are let/ sold given the previous lack of availability for quite some time now. There has also been an increase in supply between 1,000 to 3,000 sq. ft albeit some of these options are more bespoke offering space on first floor or more hybrid space and are therefore taking longer to let than one would assume on Pride Park.

Business Parks

In the wider Derbyshire/ Midlands region FHP have also seen a good level of demand for business park locations having successfully let a high quality modern two storey purpose built semi-detached office premises in Castle Donington after agreeing a deal within four weeks. We have seen further success in Holmewood, just south of Chesterfield where we completed on a large, detached office building and following that we were instructed by the landlord to market the adjacent building which we placed under offer within a few weeks also. The speed of agreeing the deals showcases that demand is there as long as the space offered is of good quality.

Going Forward into 2025

Next year, will likely be a similar year to that of this year with plenty of activity as occupiers are still downsizing/ relocating to better quality space as lease events occur. It is unlikely values will change drastically, largely due to the lack of development of office space in the region due to the costs involved not stacking up to build an office, even on Pride Park as the rental tone is not there. I expect the popularity of serviced offices to continue with the likes of Cubo helping satisfy the much needed demand for small office rooms/ desks for small business in the region.

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

ENDS

December 2024

FHP has recently completed the letting of Suite 202 Bridlesmith House to WT Partnership. WT Partnership sought a smaller office space due to factors reshaping their current office requirement. Bridlesmith House is centrally located in Nottingham, offering excellent amenities such as Café Nero, Piccolino’s, All Bar One and more, along with superb transport links including NET tram stop, bus routes and a short walk to Nottingham train station. The building is home to a variety of occupiers including Christie & Co, Everyday Loans, Cord Consult, with WT Partnership being a great new addition to its tenant mix.

James Rhodes, Director at WT Partnership commented:

“Many thanks to Amy Howard and the team at FHP for assisting in finding an excellent office space which accommodates all of our business needs and has created a fantastic environment for our staff to work within and thrive. Since making the move we have settled in immediately and very much appreciate Amy’s help and assistance along the way making the transition as manageable as possible. We are looking forward to spending the next few years in our amazing new “home”.

Bridlesmith House is undergoing continued refurbishment to the existing office suites to meet evolving occupier demands for higher-quality office spaces. The upgrade focuses on the communal/entrance areas, creating a welcoming environment for clients and enhancing on-site amenities such as modern shower facilities and secure bike storage.

Natalie Shaw, the Landlord commented:

“We’re thrilled to be near completion of our 2-year renovation journey at Bridlesmith House. From secure bike storage and modern shower facilities, and a reimagined communal space, Bridlesmith House now offers our office tenants the perfect blend of style, comfort and convenience in the heart of Nottingham city centre”.

Amy Howard, Surveyor at FHP Property Consultants commented:

“It was a pleasure to work alongside WT Partnership and to secure an ideal office space for their needs. From the first viewing, it was clear that Bridlesmith House was the perfect fit for them as they could envisage the space available and it is great to see them all moved in.

The ongoing refurbishments at Bridlesmith House are incredibly exciting and I look forward to seeing the finished spaces of high quality offices. The quality and high standard of works completed on Suite 202 has set this standard throughout the building and I imagine will generate a strong level of enquiries going forward. Improvements such as bike storage and shower facilities are vital in today’s market, supporting the well-being of office users. The refurbished entrance area will further elevate the building’s appeal, creating a more inviting and dynamic workspace”.

For further information, please contact me on 07887 787894 / amy.howard@fhp.co.uk

ENDS

Amy Howard

28 November 2024

FHP are pleased to bring to market two new office suites based within 1 Broadway, Nottingham City Centre. 1 Broadway is positioned on the eastern fringe of the city in the Lace Market, recognized as the Creative Quarter. Known to house some of the most architecturally attractive buildings within Nottingham, with the Lace Market retaining the majority of the former lace mills showcasing high floor to ceiling height and stunning period office buildings. The offices benefit from excellent nearby transport links including bus routes, NET tram stops and is situated within a short walking distance to Nottingham’s train station. As well as being situated near a plethora of amenities including Café Nero, All Bar One, Piccolino, Marks and Spencer amongst others.

There are currently two office suites available in 1 Broadway, the lower ground and second floor offices are now ready to let. The lower ground floor space comprises 1,475 sq. ft and we are quoting £18,500 per annum with the second floor comprising 2,153 sq. ft and we are quoting £39,000 per annum. Both office spaces provide high quality specification throughout with fluted columns and feature windows sticking with the former mill characteristics throughout the office spaces, with excellent natural light on the second floor offices, and well fitted out with meeting room areas of a variety of sizes. The lower ground floor is suitable for a variety of uses (STP) such as tattooist, physiotherapy, private health clinic and more.

Amy Howard, from FHP Property Consultants commented:

“The Creative Quarter has been a popular office destination for occupiers within Nottingham City Centre throughout the years. With the offices retaining the characteristics of the former lace mills providing attractive features and excellent natural light, all key aspects for occupiers seeking new office space. The property is well positioned, only a short walking distance from Hockley an up and coming area within the city centre brimming with independent shops, cafes bars and restaurants as part of a regeneration project to generate further footfall. It also provides excellent nearby transport links and other amenities, making it a perfect location for cliental. It is certainly an opportunity not to miss out on”.

For further information on both available office suites please feel free to contact me on 07887 787894 / amy.howard@fhp.co.uk

ENDS

8 November 2024

Nurton Development’s Cardinal Square offices in Derby has landed one of the stand-out deals of this year, with a 7,000ft² letting to locally based Inertia Consulting.

Inertia Consulting, an award-winning specialist in civil engineering and structural consultancy, has announced its move to the landmark offices located at the junction of the A61 and A52, to ensure its long-term success in the city.

This relocation aligns with Inertia’s plans for strategic growth, providing an enhanced workspace that enables the company to continue to attract top tier talent, benefiting from Nurton’s on-going investment in the offices, particularly over the past 24 months.

Inertia Consulting, which operates extensively across the UK, offers consultancy services in civil engineering, structural design, bridge inspection, and non-destructive testing to a broad range of clients, including the public and private sectors.

Nurton has invested significantly in creating a high-quality working environment, catering to the needs of modern occupiers with a focus on onsite amenities and wellbeing including open green spaces, outdoor work, rest areas and leisure facilities.

David Dyas, Asset Manager at Nurton Developments, said:

“The investment we’ve made to Cardinal Square has been well received by existing occupiers and the wider market. This letting is a direct result of the improvements we have made to the building. Inertia sought quality space to amalgamate their offices and Cardinal Square ticked the box. 

“We spent time liaising with Inertia and built an excellent working relationship during what were enjoyable negotiations to ensure the letting met with their requirements.”

David added:

“Flexible floorspace at Cardinal Square caters for anything from a single office up to 25,000ft², providing a wealth of options for incoming occupiers whilst also enabling existing occupiers to expand or contract as their business dictates and according to their style of working.

We are definitely seeing a growing trend amongst businesses to upgrade their space to attract and retain employees, encouraging people back into the office with a working environment which offers that all important work life balance and a stimulating and fun place to collaborate and spend time with colleagues.”

Darran Severn Director from FHP Property Consultants, agents for Cardinal Square agreed and added:

“The 7,000ft² letting is certainly one of the largest office lettings in Derby we’ve done this year in a market where the typical transaction bracket is under 3,000ft².  Office occupiers are still continuing the trend of upgrading their space and this is evident in this letting.

We still have a number of office suites available in Cardinal Square so please do get in touch if you would like to discuss availability or arrange to view.

The inner courtyard at Cardinal is a surprising addition to the building and offers a green oasis with meeting pods and recreational activities like table tennis, pétanque and mini golf.

The new office space also positions Inertia close to the city centre, just a short walk to the shops and amenities it has to offer.”

Ryan Bradley, Director of Inertia Consulting said:

“We were drawn to Cardinal Square not only by the central location and connectivity but also by the office environment, which aligns with our commitment to our team’s well-being. We look forward to continuing our work from these vibrant new offices and benefit from the rich talent pool in the city.”

Inertia Consulting joins a growing list of occupiers at Cardinal Square, including Bulkhead, Freeth’s, City Fibre, FTT, Randd, Astute, FHP, Smile Bright and the NHS.

Innes England acted as joint agents alongside FHP Property Consultants.

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

07929 716 330 / corbin.archer@fhp.co.uk or Jane Bolas of JBPR on 07721 504169.

ENDS

October 2024

FHP are delighted to complete on the latest letting at Interchange 25 Business Park, now resulting in full occupancy on the site. The final ground floor office suite was let to WHP Trust Ltd, the newest tenant to arrive on the business park, further enhancing the diverse range of occupiers. FHP have recently secured the first floor tenants at Unit 5 Interchange earlier this year to Equans Ltd, proving the estate to be popular. Interchange 25 Business Park is situated just off Junction 25 of the M1 Motorway and the A52 which connects Nottingham and Derby. The park comprises a development of 8 self-contained detached office buildings which provide high office specification throughout, with excellent car parking facilities.

Amy Howard from FHP Property Consultants commented:

“I am thrilled to have secured the final letting with WHP Trust, achieving full occupancy on-site for our client. The business park has remained consistently popular throughout the years we have marketed these office suites and continuing our client’s success by attracting strong tenants.

It was always a risk to split the floor plates on a floor-by-floor basis on Unit 5 with Equans occupying the first floor, however, the level of interest and enquiries during the short marketing period stayed strong to secure us a tenant. It is encouraging to see the demand for out-of-town business parks remain consistent, helping to revitalize the office market and encourage take up.

I had been in discussions with WHP Trust for several months prior to securing this office space for them. From the first viewing at Interchange, it was evident that the unit suited all their requirements and needs, and solicitors were soon instructed. It has been a pleasure to assist them throughout their search and I wish them every success in their new office premises.”

Our client at Interchange commented:

“As always, it is great to see the site reach full occupancy and the diverse range of tenants that we have on-site. FHP Property Consultants have done an excellent job in securing another tenant for Unit 5 to achieve this. We are continuing to listen to tenants’ needs and requirements so we can make the park suitable, keeping them tenants for a number of years to come.”

Evidently, Interchange Business Park is a popular office destination with high quality offices and is certainly not an opportunity to miss out on. If you would like further information, please feel free to contact me on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.

ENDS

27 September 2024

Pentagon House is situated in an excellent position just off the A52 (Pentagon Island) in Derby, and offers high quality modern office accommodation with excellent parking.

This landmark office building has one remaining suite available which is positioned on the second floor extending to approximately 3,747ft².  The specification includes raised access floors, LED lighting, air conditioning, individual WC’s and shower. In addition there are 20 allocated car parking spaces including an electric vehicle charge point.

Suite 2B is immediately available on new lease terms.

Darran Severn of FHP Property Consultants comments:

“This is an excellent office suite in a well-known landmark building.  The space is configured well and is majority open plan with a number of smaller meeting rooms, and as a result an occupier can move in with relatively low fit out costs.  In addition, the location offers excellent access to the A52/A38 and is also within walking distance of Derby City Centre.

There is currently a shortage of good quality office accommodation between 3,000ft² and 10,000ft² across Derby, and this suite would be a good option for anyone seeking space around 4,000ft².”

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

ENDS

September 2024

FHP Property Consultants are pleased to announce the letting of 7 Boundary Court, Castle Donington, DE74 2UD.

Boundary Court is a high quality modern two storey purpose built semi-detached office premises.  Internally the property has a large entranceway which leads to open plan ground and first floor accommodation and externally there are 24 car parking spaces.

Boundary Court is located on the Willow Farm Business Park in Castle Donington within close proximity to East Midlands Airport.  The offices are situated in one of the most accessible areas of the East Midlands, accessed from Junction 24A of the M1 motorway.

Corbin Archer of FHP Property Consultants comments,

“I am pleased to have achieved an excellent deal for my client and I wish the new tenant, Allison Homes, all the best in their new office space.  The letting of this property shows that there is good demand for offices of such high quality.  FHP have found 2024 to be a positive year for the Derbyshire office market with deals still occurring on both a freehold and leasehold basis. 

We do have a number of offices that are still available so if you are interested, please do get in touch with me on the contact details below”.

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

ENDS

September 2024

Acting on behalf of Canal and River Trust (CRT) we are delighted to confirm that CRT are gearing up to transform Castle Wharf House – the former headquarters of Nottingham Evening Post and most recently the HQ of Land Registry Nottingham into a “best in class” Grade A office scheme.

Proposals have been unveiled which show how the building, which was constructed approximately 20 years ago, can be transformed to provide a modern office building.

Whilst the building could be occupied as a headquarters building, as it has historically been, it is anticipated that it is more likely to be transformed into a multi let building providing two suites of 2,700ft² and 5,300ft² on the ground floor and three further floors of circa 10,000ft² each which can be occupied as whole or combined.

John Proctor at FHP confirmed:

“CRT recognise that Nottingham’s office market is starved of high quality Grade A space and they are repositioning this building to provide space which is equivalent to new build space.  A collaborative impressive entrance reception, which will be both concierge managed and will allow informal meetings, will welcome both occupiers and visitors to the building.

 Occupiers seeking best in class space within the city are attracted to a location which is close to transportation (in particular the railway station) and provides the appropriate complementary onsite and offsite facilities – Castle Wharf is a stone’s throw from Nottingham Station and with a range of complementary facilities ticks all the boxes”.

 It is anticipated that the offices will be available in August 2025.  Further information can be obtained by speaking to either John Proctor or Mark Tomlinson at FHP on 0115 950 7577.

ENDS

23^rd August 2024

“This is the second successful letting that FHP has secured for us in Discovery House, we came to them for advice and they delivered on this in securing two tenants. Amy has been great to work with, she is extremely efficient and focused on achieving the best outcome for her client and getting the deal over the line, even with continued delays.”

FHP are delighted to complete a second successful sub-letting at Discovery House, situated on the popular Ruddington Fields Business Park . The ground floor suite comprised 2,769 sq. ft of open plan office accommodation that was undergoing a high quality refurbishment during the letting, which allowed the occupier to adapt their preferences alongside the refurbishment. Capita, the sublessor, occupy the whole of Discovery House offering a fully manned concierge area, WC and shower facilities, alongside meeting rooms that can be hired out for client meetings. Ruddington Fields Business Park is located to the south of Nottingham City Centre and houses a variety of occupiers including Vision Express, Experian, EmTech Ltd, Romax Technology amongst others. It benefits from its beautiful surroundings offering several walking routes at Rushcliffe Country Park. PremTech Ltd are the latest to agree a sub-letting at Discovery House, with their main office based in Ashby-De-La-Zouch.

Capita’s need for office space had significantly reduced since the Government introduced the working from home scheme which led to a reduced office footprint. Given the high levels of costs they were incurring, they reached out to FHP for some further guidance on this. We have previously carried out a successful sub-letting in 2023 for part of the ground floor, to Bentley Project Management Ltd. PremTech Ltd obtained the remaining space on the ground floor securing a successful 8,000 sq. ft of take-up for Capita to further reduce their expenditure.

Amy Howard, Surveyor at FHP Property Consultants commented:

“PremTech Ltd had been actively looking at offices for several months, considering numerous options along the way. Despite multiple viewings, it became evident that they had specific requirements for their new office space. Discovery House emerged as a strong contender, although a few of their needs remained unresolved. To address these concerns, we arranged an on-site meeting with Capita allowing a thorough discussion of the remaining issues. This meeting proved beneficial allowing us to secure them as an occupier. A key advantage of this collaboration was that Premtech could directly work with Capita on the refurbishment, ensuring the office was tailored to their preferred tastes.

PremTech are a great new addition to the Business Park, offering a diverse range of occupiers. I am thrilled to have successfully closed this deal for my client, achieving their primary goal of reducing their costs while also breathing new life into Discovery House. I wish both parties all the best in their next endeavours.”

Elizabeth Cashon, Estates Surveyor, Group Property at Capita commented:

“This is the second successful letting that FHP has secured for us in Discovery House, we came to them for advice and they delivered on this in securing two tenants. Amy has been great to work with, she is extremely efficient and focused on achieving the best outcome for her client and getting the deal over the line, even with continued delays.”

If your current office space is too large for your needs but you are locked into a long-term lease, we can help. Feel free to contact our office on 0115 950 7577 for some advice and assistance on how to optimize and reduce your space effectively.

ENDS

16 August 2024

Following the £7 million redevelopment of EastWest on Maid Marian Way in Nottingham, a further three tenants have leased more than 16,500 sq. ft. of office space.

An international domain registry and web hosting company has taken 5,500 sq ft of bespoke designed workspace within EastWest, signing a five-year lease. The Let Ready by CEG team has created a contemporary office as a full turnkey solution.

Two further deals have been agreed with leading audit, tax and consulting firm RSM UK taking 7,500 sq. ft. and Roythornes Ltd taking 3,291 sq. ft. on 10-year leases.

Ann Barrasso, operations director for Roythornes Limited, said: “As a firm we had been in Nottingham for several years but were ready, due to our ambitious expansion programme, to move to an office which reflected the law firm we are now, rather than the one we were some years ago. 

“In addition of course, we were keen to improve the working environment for our talented team – it’s so important that we look after our people and that staff look forward to coming in to work.  We’re delighted to say that EastWest ticked all the boxes – it gives us a brilliant base for the firm and our staff love the building, the environment and the facilities.  We’re looking forward to continuing to build our business from our new home.”

Sheetal Sanghvi, managing partner in the East Midlands at RSM UK, said: “As part of our commitment to the East Midlands region, we’re thrilled to have extended our lease at the newly refurbished EastWest offices for the next decade. We look forward to welcoming our team, clients and contacts to our new home very soon, where we will continue to support fantastic businesses in the city and across the region.”

Alex Goode, investment manager at CEG, added: “We’re delighted to welcome three further businesses with strong covenants to EastWest. The building has fast become a thriving business community following its comprehensive modern refurbishment.

“Tenants are attracted to our Let Ready Custom offer as it provides design and fit out, so once they choose the space and style, we deliver all the benefits of a bespoke workspace. Our experienced in-house team manages the process from start-to-finish. Sharing best practices and meeting business goals from design and layout to productivity, health and sustainability, Let Ready guarantees your space is delivered on time, to budget and to the highest standard.”

Mark Tomlinson, Director at FHP which is the agent on the scheme, commented: “EastWest represents the ‘best in class’ office offering in Nottingham following its substantial refurbishment. In particular, the building offers the high-quality finishes and lifestyle aspects which are sought after by occupiers with the onsite café restaurant and a particular emphasis on the occupier experience.  The flexible ways in which CEG can structure deals means that we can cater for a broad range of requirements on size, lease length, fit out design and financial packages to suit prospective occupiers needs.”

EastWest offers an on-site Life team dedicated to making occupiers’ lives easier and healthier. They, along with the dedicated Life app, will help to create a more collaborative and productive community, be it booking meeting rooms, arranging dry cleaning, organising events in the café inclusive of catering, bike maintenance or fitness classes, to local shopping and activity discounts.

Centrally located on Maid Marian Way, East West is home to KPMG, Equifax, Nottingham Trent University, Arup, JLL, Faithful & Gould, Scape Group and RSM UK.

Ends

Mark Tomlinson

07917 576 254

August 2024

FHP Property Consultants are delighted to showcase a modern high quality office suite in Cardinal Square, Derby.  The offices provide a great working space for businesses especially with the air-conditioning in this recent summer heat.

Cardinal Square occupies a convenient position just off the A52 which subsequently leads to Junction 25 of the M1 motorway.  Derby City Centre is also easily accessible within a 10-minute walk of the offices.  They are well located and provide excellent access to regional city centres and the wider country.

The suite comprises 2,271ft² which is a prime corner location with floor-to-ceiling windows wrapping around the office. There is lift access up to the suite situated on the first floor. Internally, the office features LED lighting, kitchenette, air conditioning and is also fully fitted out.  The space offers open plan offices with two cellular meeting rooms.  There is also a reception area upon arrival into the suite.

This office is available to rent on new lease terms for a period to be agreed at a rent of £29,523 per annum.

Harry Gamble of FHP Property Consultants comments:

“This suite is in immaculate condition, and it offers the chance for an occupier to have their own space in an established office block with great transport links. The windows in this suite provide great natural sunlight and the office has air conditioning to keep you and your colleagues cool.  This particular suite is fully fitted out resulting in a low fit out cost for any occupier which leads to quick access. I look forward to speaking with any interested parties.”

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

ENDS

August 2024

The first half of 2024 has been a busy period in Sherwood House as FHP Property Consultants have completed five office lettings to a variety of occupiers. The property offers serviced office accommodation on flexible terms with ample parking. Situated on Gregory Boulevard, Sherwood House benefits from excellent transport links via bus and tram connections. With further office suites currently under offer, we are expecting the successful completions to continue into the second half of 2024.

As we are halfway through the year, the office sector remains challenging in part. However, there has been a good level of deals done in the small office market and we continue to deal with a number of good-quality enquiries to take forward.

For further information on the current availability at Sherwood House or to see how FHP can help you in your office search, please contact Ketlin Maeorg on 07929 673 232 / ketlin@fhp.co.uk.

“I’d like to thank Amy and the team at FHP Property Consultants in Nottingham for the excellent care and guidance through the processing of securing a commercial office in Nottingham City Centre. Amy in particular was exceptionally personalised and her flexible approach helped us see the office on many occasions allowing the process to proceed quickly. Amy was more than happy to answer any questions and gather all the information we required. We would certainly recommend their service going forward”.

FHP have witnessed a flurry of deals complete within Nottingham City Centre, proving that the office market is still active and there is a continued level of demand throughout a range of sizes. Office occupiers needs have evolved over time, with the adaptations that followed from Covid-19 such as the working from home scheme that was put into place by the Government. It is evident that not all office occupiers have completely shifted to a full remote approach, which highlighted the importance of keeping some office presence to boost productivity and provide a change of environment for workers, adopting the ‘hybrid approach’.

Landlords more than ever are witnessing the need to listen to office occupier preferences and alter their office space to attract activity back into the market, with the main focus now being on excellent ESG credentials, amenities on-site and breakout areas to provide a relaxing home environment to allow a smooth transition back to the office. All these factors have been a primary focus in office searches, significantly influencing the level of occupancy within the City Centre.

Recent successful lettings have included Suite 202 Bridlesmith House, a small office space of 1,357 sq ft that has recently undergone a high level office refurbishment, as well as the refurbishment throughout the building including new shower facilities and bike storage being installed, with a key focus on improving the entrance area to the offices. WT Partnership are now one of the several occupiers to join Bridlesmith House offering a variety of tenants within the building.

Maximus U.K. Services Limited have secured another suite within The Atrium on the fourth floor, offering 3,535 sq ft of office accommodation. The Atrium is well located within Nottingham, offering excellent nearby transport links and allocated car parking spaces, at a competitive rent within the market.

2 Arkwright Street, Queens Offices has also been another successful recent letting for FHP to Thrive Tribe Ltd, now resulting in full occupancy on the property and another delighted client. The suite comprised 1,453 sq ft of refurbished modern office space, with a generous level of car parking spaces (8 spaces).

Trevor Mealing, People Experience Lead at Thrive Tribe Ltd, commented:

“I’d like to thank Amy and the team at FHP Property Consultants in Nottingham for the excellent care and guidance through the processing of securing a commercial office in Nottingham City Centre. Amy in particular was exceptionally personalised and her flexible approach helped us see the office on many occasions allowing the process to proceed quickly. Amy was more than happy to answer any questions and gather all the information we required. We would certainly recommend their service going forward”.

Amy Howard, Surveyor at FHP Property Consultants commented:

“It is encouraging to see activity remaining at a good level within the Nottingham office market, particularly for spaces ranging from 1,500 to 3,500 sq ft. This reassures us that the office market is active and demand is still present. We also have several offices under offer that are hopefully due to complete over the next few months, which is especially encouraging for other landlords.

Nottingham and its surrounding areas offer a substantial supply of high-quality office spaces that cater to the varied needs of businesses. The city boasts excellent transport links, including the NET Tram, Nottingham Station, various bus routes, and ample car parking, ensuring easy accessibility for tenants. These factors make Nottingham an attractive location for office occupiers. We offer a diverse range of office spaces catering to all needs. From affordable options ideal for start-ups and smaller businesses, to Grade A offices designed for those seeking a premium, professional environment to impress clients.”

For further information on our office availability, please feel free to contact me on 07887 787894 / email me at amy.howard@fhp.co.uk.

ENDS

Amy Howard

24 July 2024

On behalf of a private client, FHP Property Consultants are delighted to bring to the market, First Floor, Rodin House, 1 Ivy Grove, Ripley, DE5 3HN.

The premises are well located in the centre of Ripley on the corner of Ivy Grove and High Street opposite to the Co-op. Ripley lies to the west of the M1 Motorway with easy access onto Junction 28 via the A38 and Junction 26 via the A610. There are several national retailers in the area such as Costa Coffee, Birds Bakery and Boots amongst regional/local operators.

The property occupies an excellent position in the centre of Ripley and comprises a detached office building with parking.  The accommodation provides open plan offices set across the first floor comprising 135m² (1,453ft²). The property comprises self-contained first floor office space with its own entranceway. Internally the property benefits from open plan accommodation across two rooms with a kitchenette and W/C facilities.

Harry Gamble from FHP Property Consultants comments:

“The location is great being situated in the popular town centre of Ripley allowing easy access the M1 Motorway. These offices are of good quality and are serviced offices.  An all-inclusive rent of £36,325 per annum includes the rent, service charge and business rates.  I look forward to speaking with all interested parties”

For further information on this office or to arrange a viewing, please contact Harry Gamble on 07398 443 828 or harry.gamble@fhp.co.uk .

ENDS

Harry Gamble

July 2024

A further three tenants have leased more than 16,500 sq ft of office space at CEG’s East West complex on Maid Marian Way in Nottingham.

An unnamed international domain registry and web hosting company has taken 5,500 sq ft of workspace within East West, signing a five-year lease.  Two further deals have been agreed with audit, tax and consulting firm, RSM UK, taking 7,500 sq ft and law firm, Roythornes, taking 3,291 sq ft on 10-year leases.

Ann Barrasso, Operations Director for Roythornes, said:

“As a firm we had been in Nottingham for several years but were ready, due to our ambitious expansion programme, to move to an office which reflected the law firm we are now, rather than the one we were some years ago.

 In addition, of course, we were keen to improve the working environment for our talented team – it’s so important that we look after our people and that staff look forward to coming in to work.  We’re delighted to say that East West ticked all the boxes – it gives us a brilliant base for the firm and our staff love the building, the environment and the facilities.  We’re looking forward to continuing to build our business from our new home.”

Sheetal Sanghvi, Managing Partner in the East Midlands at RSM UK said:

“As part of our commitment to the East Midlands region, we’re thrilled to have extended our lease at the newly refurbished East West offices for the next decade.  We look forward to welcoming our team, clients and contacts to our new home very soon, where we will continue to support fantastic businesses in the city and across the region.”

Alex Goode, Investment Manager at CEG, added:

A further three tenants have leased more than 16,500 sq ft of office space at CEG’s East West complex on Maid Marian Way in Nottingham.

An unnamed international domain registry and web hosting company has taken 5,500 sq ft of workspace within East West, signing a five-year lease.  Two further deals have been agreed with audit, tax and consulting firm, RSM UK, taking 7,500 sq ft and law firm, Roythornes, taking 3,291 sq ft on 10-year leases.

Ann Barrasso, Operations Director for Roythornes, said:

“As a firm we had been in Nottingham for several years but were ready, due to our ambitious expansion programme, to move to an office which reflected the law firm we are now, rather than the one we were some years ago.

In addition, of course, we were keen to improve the working environment for our talented team – it’s so important that we look after our people and that staff look forward to coming in to work.  We’re delighted to say that East West ticked all the boxes – it gives us a brilliant base for the firm and our staff love the building, the environment and the facilities.  We’re looking forward to continuing to build our business from our new home.”

Sheetal Sanghvi, Managing Partner in the East Midlands at RSM UK said:

“As part of our commitment to the East Midlands region, we’re thrilled to have extended our lease at the newly refurbished East West offices for the next decade.  We look forward to welcoming our team, clients and contacts to our new home very soon, where we will continue to support fantastic businesses in the city and across the region.”

Alex Goode, Investment Manager at CEG, added:

“We’re delighted to welcome three further businesses with strong covenants to East West. The building has fast become a thriving business community following its comprehensive modern refurbishment.

Tenants are attracted to our Let Ready Custom offer as it provides design and fit out, so once they choose the space and style, we deliver all the benefits of a bespoke workspace.  Our experienced in-house team manages the process from start-to-finish.  Sharing best practices and meeting business goals from design and layout to productivity, health and sustainability, Let Ready guarantees your space is delivered on time, to budget and to the highest standard.”

Mark Tomlinson, Director at FHP and agent on the scheme, said:

“EastWest represents the ‘best in class’ office offering in Nottingham following its substantial refurbishment. In particular, the building offers the high-quality finishes and lifestyle aspects which are sought after by occupiers with the onsite café restaurant and a particular emphasis on the occupier experience.

The flexible ways in which CEG can structure deals means that we can cater for a broad range of requirements on size, lease length, fit out design and financial packages to suit prospective occupier’s needs.”

“We’re delighted to welcome three further businesses with strong covenants to East West. The building has fast become a thriving business community following its comprehensive modern refurbishment.

Tenants are attracted to our Let Ready Custom offer as it provides design and fit out, so once they choose the space and style, we deliver all the benefits of a bespoke workspace.  Our experienced in-house team manages the process from start-to-finish.  Sharing best practices and meeting business goals from design and layout to productivity, health and sustainability, Let Ready guarantees your space is delivered on time, to budget and to the highest standard.”

Mark Tomlinson, Director at FHP and agent on the scheme, said:

“East West represents the ‘best in class’ office offering in Nottingham following its substantial refurbishment. In particular, the building offers the high-quality finishes and lifestyle aspects which are sought after by occupiers with the onsite café restaurant and a particular emphasis on the occupier experience.

The flexible ways in which CEG can structure deals means that we can cater for a broad range of requirements on size, lease length, fit out design and financial packages to suit prospective occupier’s needs.”

“The process from initial marketing through to the successful sale of the unit, was handled in a very efficient and professional manner by FHP. We are extremely pleased with the result in what is clearly a challenging market place in the office sector.

My special thanks to Amy for her tenacity and enthusiasm throughout the process, the regular updates of the marketing and enquiries was reassuring to see the unit was being handled well. We would highly recommend FHP for their professionalism and personal approach throughout.”

FHP are delighted to have completed on the sale of Unit 17 Maisies Way, South Normanton to an owner occupier known as Secur-It. The property comprised 8,289ft² of self-contained office accommodation situated across two floors offering a mixture of open plan and cellular floorplates throughout the property. Situated just off Junction 28 of the M1 Motorway, the property provides excellent connectivity and Mansfield Town Centre within a short distance drive.

Maisies Way is an office development scheme with a variety of sizes available with self-contained access and ample parking. The Village is within a few minutes’ drive of East Midlands Designer Outlet and Castlewood Business Park which anchors a variety of national and regional occupiers providing over 1.5 million sq. ft. of distribution and production space.

Amy Howard, Surveyor at FHP Property Consultants commented:

“It was a great result to get this over the line for my client and secure a strong price on the property. Unit 17 had been on the market for some time and even though we explored several marketing options such as leasehold / freehold disposal and renting individual floors, interest was slow. Secur-It were after a good level of office space near J28, and this property seemed perfect for their requirement. After the initial viewing, it was clear the property was suitable for them and we were under offer within a short timeframe following on from this.

The property highlighted the difficulty we face within the office market, especially on larger floor plate within out-of-town office locations. It is evident that marketing is essential in the disposal of these types of properties and exploring all options available to secure a tenant / purchaser. After the initial interest was slow on the rental side, it emphasized the push for a purchaser, especially given the vacancy period my client was facing.

I am delighted to have got this over the line and welcome Secur-It onto Maisies Way, they will be a great asset to the estate and I wish them all the best in their next endeavours.”

Our retained client, commented:

“The process from initial marketing through to the successful sale of the unit, was handled in a very efficient and professional manner by FHP. We are extremely pleased with the result in what is clearly a challenging marketplace in the office sector.

My special thanks to Amy for her tenacity and enthusiasm throughout the process, the regular updates of the marketing and enquiries was reassuring to see the unit was being handled well. We would highly recommend FHP for their professionalism and personal approach throughout.”

If you are looking to dispose of your current office premises, either on a leasehold or freehold basis and are seeking further advice on this. Or you have adapted to the working from home approach and no longer require all your office space and wish to explore your options available. Please feel free to call me on 07887 787894 or alternatively you can email on amy.howard@fhp.co.uk.

ENDS

Amy Howard

20 June 2024

After spending my placement year in the office and industrial team, in FHP’s Derby office, enjoying the experience and improving my knowledge, I was delighted to be asked to return to FHP this summer after completing my BSc (Honours) Real Estate degree at Sheffield Hallam University. I’m excited to continue learning and developing my knowledge whilst hopefully completing some deals!

FHP are pleased to have completed the letting of the first floor at Unit 5 Interchange 25 Business Park to Equans Ltd. Interchange 25 Business Park comprises a development of eight self-contained detached office buildings providing high quality office specification throughout, with a variety of occupiers including Ait IT, Nurture Fertility, GPA Global, Keepmoat Homes and more. The business park is situated with excellent connectivity to the M1 motorway, just off J25 and the A52 which connects Nottingham and Derby.

Equans Ltd are the newest occupier to the scheme, securing a first floor suite comprising 2,071ft² of high quality open plan office accommodation with ample car parking spaces. Equans Ltd expressed interest from their initial viewing which quickly resulted in an offer and solicitors instructed, a great result for all parties involved. Interchange 25 has been a popular estate over the years with strong tenants throughout the site and is accessible to both Nottingham and Derby locations.

Amy Howard, Surveyor at FHP Property Consultants commented:

“After a slow start with initial interest, it was a great result to secure Equans on the first floor offices. It was evident that the demand for the whole space of circa 4,000ft² was limited following on from a few viewings that resulted in no offers on the property. We therefore looked at different options to secure full occupancy. The out-of-town office market continued to show a strong level of demand between the 2,000ft² and 2,500ft² size bracket, which resulted in us changing our marketing approach and offering both the whole space and on a floor-by-floor basis.

Once we added the additional availability options, it resulted in several further viewings and we secured Equans Ltd. Equans were a delight to work alongside from the start and they will be an excellent addition to the park.

Securing a tenant for the ground floor space is a priority for us in order to achieve full occupancy for our client, interest remains strong so we are hopeful to achieve this over the course of the next few weeks.”

The ground floor office suite remains available at Unit 5, comprising 2,071ft² with a fully fitted out kitchen, open plan floor plates and high quality office specification throughout. The suite also benefits from eight designated car parking spaces, self-contained WC facilities and an intercom system. We are currently quoting £31,250 per annum on a new FRI lease for a number of years to be agreed.

For further information on the availability at Interchange 25 Business Park, please feel free to give me a call on 07887 787 894 or alternatively you can email me at amy.howard@fhp.co.uk.

ENDS