The sale of 359 Nuthall Road has just completed to Smilestyle Dental Centre.  The property which extends to 1,581ft² has been marketed by Alastair Fearn of Fisher Hargreaves Proctor on behalf of a private vendor.  Following a good level of interest in the property, a sale was concluded by Best Bids at a price of £300,000.

The property sits in a prominent position fronting onto Nuthall Road, Aspley and benefits from 8 car parking spaces.  The property forms part of a Derwent Housing Association Scheme and was in fact Derwent Housing Associations offices at one time.

A change of use planning application was submitted from B1 (offices) to D1 (Dental Surgery) by the purchaser which also included alterations within the property to tailor the premises to Smile Style’s exact requirements.

Dr Mark Wilkins of Smilestyle Dental Centre commented:-

“The property had fantastic prominence to one of the busiest roads in and out of Nottingham which will provide us with a fantastic platform to serve our current Clients and help attract new ones.  This is now our second site in the area enabling us to expand and provide an exceptional service in private cosmetic dentistry”.

Alastair Fearn of FHP added:-

“It is good to see that there is still an appetite for small freeholds and I wish Smilestyle every success in their new premises”.

For further information in the specialist services that Smilestyle Dental Centre offer please visit their website www.smile-style.co.uk .  For further information on this transaction or any other similar properties please contact Alastair Fearn on 0115 950 7577.

The last remaining suite in Oak Tree House, extending to 539ft² has been let to CHUBB Electrical Services Limited at a rental equating to £15.30 per ft².  The deal was negotiated by Alastair Fearn of FHP on behalf of private Landlords and this deal sees CHUBB extend their total space in the building to just under 2,000ft².

This is the last letting to take place in Oak Tree House which has seen FHP already agree terms with:-

• ¨ CHUBB Electrical Security Ltd
• ¨ Wilmot Dixon Construction Ltd
• ¨ Technical Elevator Services Ltd

Alastair Fearn of FHP commented:-

“To let the last remaining suite to CHUBB Electrical Services Ltd is a great result for our Client as by the nature of this Tenant it will improve their investment value and provide a greater guarantee for their income. 

The majority of buildings on Phoenix have been let either as a whole or only in two parts however splitting Oak Tree House has worked well for our Clients and we have still been able to achieve good rentals and attract good Tenants.

Phoenix Office Park is an excellent location by virtue of its proximity to the Nottingham Tram Park & Ride at Phoenix and its excellent access to Junction 26 of the M1 Motorway.  The landscaping around the park also compliments the high build quality making it a pleasant place to work,”

The letting of this suite means that FHP currently have two buildings on the market at Phoenix Office Park, one of which extending to 6,000ft² is currently under offer.

The last remaining office available is the first floor of Babbington House which extends to approximately 2,900ft² and is available at a rental of £45,500 per annum.  Should you require any further information on this transaction or any further available office space at Phoenix Office Park please contact Alastair Fearn on 0115 950 7577.  Knight Frank acted on behalf of CHUBB.

Acting on behalf of Derbyshire County Council, Fisher Hargreaves Proctor are delighted to announce the availability of three hybrid business space units totalling 1,820M² [19,582FT²] at Holmewood Business Park, Chesterfield Road, Holmewood, Chesterfield.

The recently constructed high quality hybrid units extend from 535M²[5,756FT²] to 750M²[8,070FT²]. The units provide to the ground floor good quality flexible laboratory/light assembly accommodation with the potential for conversion to offices. To the first floor there are high quality open plan offices complete with suspended ceiling and perimeter trunking.  Holmewood Business Park is strategically located with convenient access to Junction 29 of the M1 Motorway and in turn easy access to the surrounding areas of Chesterfield, Derby, Nottingham, Mansfield and Sheffield.

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented:-

“Holmewood Business Centre provides high quality business space within excellent access to the M1 Motorway.  The accommodation is highly flexible lending itself to a combination of research and development, light assembly work and office occupation with excellent car parking facilities”

For further details of the opportunities available at Holmewood Business Park or to discuss your requirement in further details please contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222 or our joint agents Knight Frank.

Acting on behalf of private clients Fisher Hargreaves Proctor are pleased to announce the availability of new high quality office accommodation at Brunel Business Park, Pride Park, Derby.  The two storey property is finished to a high standard and is situated on the established Pride Park Business Park, the premier business location within the city of Derby and its high specification includes, open plan configuration, raised access floors, suspended ceiling with integrated lighting, air conditioning and seven on site car parking spaces.

The offices enable occupation from 90M² [968FT²] to 184M² [1,984FT²] and set within an attractive landscaped environment. 

Jonathan Sayer of property agents Fisher Hargreaves Proctor commented

“The office space at Brunel Business Park is of a high quality and has been designed to enable letting on a floor by floor basis opening opportunities to a wider range of occupiers looking to secure a presence on Pride Park”

For further details on this opportunity please contact Jonathan Sayer at Fisher Hargreaves Proctor on 01332 343222.

The surrender of the premises known as 1^st Floor, 11 – 13 Goldsmith Street, Nottingham have just been executed from HR GO (Nottingham) Limited t/a Staffsign to the Landlord/Developer Megaclose Limited.

The Tenants were advised by Alastair Fearn of Fisher Hargreaves Proctor who successfully negotiated a £25,000 premium for the unexpired term of 7 years.

This surrender has worked well for both parties enabling Megaclose Limited to implement their conversion plans to create 17 student flats within the property and it has enabled HR GO (Nottingham) Limited to upgrade their operating premises.

Angela Burton of Staffsign Limited commented:-

“As the move became more imminent the negotiations on the surrender lease were a high priority and to a certain degree an unknown territory. With the expert knowledge that FHP have within the market, Alastair Fearn was able to negotiate a deal that I am delighted with. The re-location to 11 King St has opened the door to our expansion plans and is now proving to be an extremely positive and exciting 2008.”

Alastair Fearn who acted on behalf of the Tenant added:-

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

For further information on the surrender please contact Alastair Fearn of FHP or should you have any queries regarding the occupation of your own premises please feel free to contact Alastair on the same number.

Market Square House on St James Street just off The Market Square is now at its full capacity following the letting of the fifth floor to Creative Fitness Marketing Ltd.

The 10 year deal with a 5 year break was done at a rent of £38,000 per annum which devalues to £11.46 per ft². 

Billy Wright BSc (Hons) from Fisher Hargreaves Proctor who acted on behalf of the landlord stated

“It is brilliant to see a quality city centre leasehold deal such as this completed at this time when the market is attracting a great deal of unwanted pessimism.  It means that Market Square House is now full to capacity with a further excellent tenant going into the fifth floor.”

Highfields Science Park has witnessed a good level of activity as it has seen the recent completion of two separate deals.  The first being the sale and leaseback of SCC Limited’s Unit 1 to an investor for £249,500 reflecting a net initial yield of 6% when applied to the net rental income of £16,000 per annum. The second being the subletting for three years of Chubb Electronic Limited’s leasehold liability at Unit 4 at an average rental of £15,000 per annum.

Billy Wright BSc (Hons) of Fisher Hargreaves Proctor acting on behalf of SCC and Chubb Electronic stated:

“Over the past few months it has been well documented throughout the media that the credit crunch is affecting all forms of property but in Nottingham the smaller commercial market is still looking attractive to tenants and purchasers and these two deals at Highfields Science Park highlight this fact.  We now only have one unit left at Edison Village in the Highfields Science Park which is 1,200ft² and is being offered on both a long leasehold and leasehold basis.”

For further information please contact Billy Wright at Fisher Hargreaves Proctor on 0115 950 7577.    

Both Shoosmiths Solicitors and Ultralase Limited are now in occupation at McAleer & Rushe’s flagship 74,000ft² office development, Waterfront House, Waterfront Plaza, Nottingham.

The building is now open for trading, with Shoosmiths occupying some 30,000ft² over 4 floors and Ultralase opening their prestigious eye laser clinic on the ground floor of the scheme.

FHP continue to market the site, which provides the only immediately available, Grade A office space within the Nottingham City Centre.

Full information on the offices is available by contacting John Proctor at FHP.