Forester House, once home of the Job Centre, is situated on the corner of Newland and Becket Street within Derby City Centre.  The property comprises a detached 5 storey office building extending to approximately 42,565ft².

The premises have been recently acquired by Universal Total Care Limited for £1.6m.

Darran Severn of FHP Property Consultants comments: –

“I’m very pleased this sale has completed. The property is suitable for a number of uses and has planning consent for 59 apartments.   The immediate area will certainly benefit from this development and I look forward to seeing the finished product whether that’s housing or leisure.

There is continued demand for freehold premises of this nature not only in Derby City Centre, but throughout the region.  If you are thinking of selling your property then please get in touch.”     

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

Although property development and transactions have a long lead-in time, the sector doesn’t stand still and trends change continually.  So what is the current situation in Derby?  Here’s a brief view from Tim Richardson at FHP Property Consultants’ Derby Office.

Over the last 15-20 years much of the take-up has been on Pride Park, a prime business park location with easy access to the A52, A6 and railway station on the east side of the City.  From its inception, it provided companies with new or modern second hand space, open plan, up to date specification, their own front door and onsite parking.  Those attributes still exist and has been very successful. But with over 10,000 people working on Pride Park this has inevitably put a strain on the infrastucture, a consideration which is being relieved by the extensive road improvements currently underway.

Elsewhere in Derby, there has been a massive reduction in the supply of secondary office space as the traditional City Centre multilet schemes such as Heritage Gate and St Peters House have been converted to residential.  The market has not really blinked at this reduction in supply, as much of the space suffered from a lack of investment over a long period and therefore had high void rates, but it has helped focus the attention to the remaining multilet offices such as Cardinal Square, Pentagon and RTC Business Park which have all seen extensive refurbishment and are enjoying high levels of occupancy.

Of the enquiries we have from businesses looking for office space we tend to find, and indeed positively encourage, that they look at space both on Pride Park, central Derby or elsewhere as they all have a different feel.  The quality of specification nowadays is often  consistently good in the refurbished second hand buildings and occupiers can put their own mark on them with their fit out.  Whilst the stand alone buildings can provide an HQ corporate image,  easy to drive to and park at the front, the multilet buildings can add a bit more interest with shared/communal break-out and coffee areas, gardens and staffed receptions.  Times have changed and people are often genuinely surprised when they walk through the front doors of some of Derby’s landmark office buildings.

The other sector which has fared well is serviced offices, providing flexible space chargable by the desk giving the occupier complete peace of mind, flexibility to grow or contract as needed and cost certainty.

So overall, the Derby market is healthy, 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 time away and supply diminishing, we could see these rents edging up.

For further information, please contact Tim Richardson at FHP Property Consultants on 01332 224 857 or email Tim at timr@fhp.co.uk.

The key developments and deals in the East Midlands property sector over the past year were celebrated at the prestigious East Midlands Property Dinner Awards on 12th September 2019.

The event, held at De Vere East Midlands Conference Centre and compered by Colin Murray, also celebrated the teams of planners, lawyers and architects across the East Midlands that made them possible.

The awards were sponsored by CWC, Freeths, Harworth Group, Lambert Smith Hampton, Lincolnshire County Council, Mace, Pegasus Group and Rizk McCay.

The drinks reception was sponsored by Marketing Derby and the networking booklets by Willmott Dixon.

Agent of the Year

Sponsored by Lincolnshire County Council
Winner: FHP

FHP helped get Nottingham’s long-awaited Unity Square office scheme off the ground and supported the development of one of the country’s largest speculative distribution schemes of the past year.

Property Deal of the Year

Sponsored by Freeths
Winner: HMRC’s 25-year pre-let deal for phase one of Unity Square, Nottingham (Sladen Estates, Peveril Securities, Legal & General Retirement, JLL, FHP)

The deal is set to be a massive catalyst for the redevelopment of the southside of Nottingham and will have an impact which will reverberate for many years to come.

FHP Property Consultants are delighted to be able to offer this high quality fully refurbished office suite in a prominent position on Pride Park.

The suite extends to some 1,150 ft² of office space, with new kitchen, carpets and completely redecorated.  There is also a shower, which is of great benefit for cyclists.  The suite has on-site parking and further spaces are available in the area, subject to separate agreement.

The property is available to let on a new lease and we would encourage early viewing.

For further information, please contact Tim Richardson at FHP Property Consultants on 01332 224 857 or email timr@fhp.co.uk.

FHP Property Consultants are pleased to have been instructed to market, this attractive Grade II listed building situated on Becket Street in Derby.

The property provides a mixture of open plan and cellular accommodation spanning over two floors, and totals 328.96m² (3,541ft²).  The premises are available to buy at a guide price of £245,000.

Darran Severn of FHP Property Consultants comments: –

“This is an excellent opportunity to acquire a self-contained office building in Derby City Centre.  The property benefits from a short-term income and has potential to be developed in the future. 

 As the City Centre evolves, we are seeing more properties in this category being converted into student and residential accommodation.  I look forward to speaking with interested parties.”  

For further information or to arrange a viewing please contact Darran Severn of FHP Property Consultants on 01332 224854 or darran@fhp.co.uk.

Located prominently within the Fishergate Point development on the junction of Lower Parliament Street and Fisher Gate being exceptionally visible from the road with high traffic flow through to the London Road roundabout.  The property is located within walking distance of the city centre and benefits from excellent public transport links and road frontage.

The property comprises of 6,653ft² and features a large ground floor showroom / meeting area and has a range of open plan / cellular offices with excellent road frontage.

The space can be split floor by floor to meet individual requirements with both floors having kitchen and WC facilities.   There is also an excellent underground car parking facility with the ability of parking up to 10 vehicles.

Anthony Barrowcliffe of FHP Property Consultants comments:-

“If what you require is affordable office / showroom space within walking distance of the city centre with excellent car parking and superb road frontage then look no further.”

For further information on this building please contact Anthony Barrowcliffe on 0115 950 7577 or anthony@fhp.co.uk.

We of course could not have done this deal, without the assistance of Thomas Szymkiw of FHP, who worked tirelessly on the transaction throughout the last 12 months.

FHP Property Consultants are pleased to announce the sale of Studio House to Hockley Developments Limited.

The property has, up until recently, been used as a multi occupied commercial building, however Hockley Developments are to now breathe new life into the Victorian former lace mill and have planning approved for residential conversion into 31 apartments for young professionals and families.

Alan Forsyth, of Hockley Developments Ltd commented;

“After several months of planning, we are delighted to finally get started on this development – one of several we have completed in the Nottingham area recently.

With its traditional original features, such as exposed brick walls and beams, high ceilings and large windows, combined with a modern fibre internet connection, new gas central heating and double glazed windows, the building will be an exciting place to live for both young professionals and families alike. In addition, the views from the apartments on the higher floors are breath-taking, some as far as East Midlands Airport.

With Help to Buy available, and a 10 year new build warranty – we are expecting strong demand and have already taken reservations on several apartments.  We of course could not have done this deal, without the assistance of Thomas Szymkiw of FHP, who worked tirelessly on the transaction throughout the last 12 months.”

Thomas Szymkiw commented;

”I am delighted to have completed on the sale on behalf of retained clients – a deal that took both effort and patience on both parties behalf.  The property was unfortunately no longer viable for commercial purposes and I am pleased that it will now provide much needed residential accommodation for local people.

I very much look forward to seeing the renovation work progress and working together with Alan and Hockley Developments again in the future.”

For further information on sale of the above premises, or to discuss any property requirement in further detail please do not hesitate to contact Thomas Szymkiw of FHP on 07896 035 805 or thomas@fhp.co.uk.

Thomas Szymkiw

Tel: 0115 950 7577

Date:  25^th June 2019

FHP Property Consultants are pleased to bring to the market 38 Royal Scot Road on Pride Park, Derby.

The Property comprises a self-contained modern office suite with an office/meeting room, kitchen and WCs to the ground floor and open plan offices to the first floor, together with kitchen and WC.

The office suite is of a high quality, with the specification including suspended ceiling with recessed lighting, raised access flooring, perimeter trunking and data cabling, signage to the front of the property and six car parking spaces. The property also benefits from views over Pride Park Nature Reserve.

Pride Park is Derby’s premier business address. The location offers excellent accessibility to Junction 24 of the M1 and East Midlands Airport via the A50.

The property is available to let on a new lease on an internal repairing basis at a rent of £14,250 per annum.

Mairéad Gethings of FHP Property Consultants comments:

 “This property presents a great opportunity for a small to medium size enterprise to occupy a self-contained office premises on Derby’s premier business park. The accommodation is of high quality and benefits from six car parking spaces to the front and views over Pride Park Nature Reserve. I look forward to speaking with all interested parties.”

For further information or to arrange a viewing please contact Mairéad Gethings or Tim Richardson on 01332 343 222.

A key office refurbishment has recently been completed at 1 Broadway in the historic Lace Market area of Nottingham City Centre.

The property has brought to the market just over 10,000 square feet of much needed, good quality office space encompassing open plan floor plates with a ‘stripped back’ feel of an old lace mill. The property also benefits from attractive period features such as large sash windows and cast iron columns which are complemented by a modern fit out including brand new lift access to all floors, LED lighting and exposed services. The fourth floor also boasts panoramic views of the Lace Market and beyond – providing a real ‘wow factor’ that just can’t be found in many other options on the market.

Thomas Szymkiw, who forms part of FHP’s Office Agency department commented:

“It is a pleasure to be involved in what is such a great building in the Lace Market – an area that in recent times has lost some of its key office buildings to residential conversion.

Due to a lack of supply, demand for good quality office space in this locality is strong – which coupled with strong rental values, means there is now real appetite amongst building owners to undertake these kind of refurbishment schemes.

It is testament to this as we already have four of the suites ‘under offer’ and only three remaining – which I don’t think will be available for long!”

For more information on 1 Broadway or to arrange to take a walk around the space, please contact either Thomas Szymkiw or Mark Tomlinson on 0115 957 7577.

Thomas Szymkiw

Date:  11^th June 2019

FHP Property Consultants are delighted to announce the letting of 29a Stoney Street to Tunstall Smith King Consulting Engineers (TSK).

Formed in 2016 by directors Garry Tunstall, Peter Smith and Stephen King, TSK is a niche practice of 14 professionals providing solutions for all aspects of structural and civil engineering design with a hands-on approach to clients.

The move to the new open-plan, ground floor space in the historic Lace Market area of Nottingham from its previous location in Beeston, is part of the company’s growth strategy to accommodate its growing workforce and to unlock new opportunities in the city centre.

The 1,334ft² office is within a former lace mill – designed by renowned local Victorian architect, Watson Fothergill – and boasts lots of natural light, exposed brickwork and beams and original cast iron columns.

TSK’s portfolio is UK-wide and includes hotels, private housing, student accommodation, industrial and food retail developments. Locally, the team is currently working on a number of high-profile projects including the ‘The Waterside’ scheme at Trent Bridge, a landmark student accommodation development adjacent to Sneinton Market, the residential scheme at Trivett Square in the heart of the Lace Market, the regeneration of Beeston town centre and a state of the art YMCA Sports and Community Village in Newark. Collectively, TSK is working on schemes with a construction value in excess of £90m within Nottinghamshire.

Director Stephen King of TSK commented;

“Myself and the team are excited to be in our new office which looks fantastic but also meet the needs of a growing firm. It has always been our intention to be based in Nottingham city centre as part of our growth plans and we’ve have had our sights set on the creative quarter as the area perfectly suits the business.

“The central location enables us to be closer to a number of our clients and projects and will help to attract further talent to the business. We are a proactive team providing innovative engineering design solutions and we are also sociable and see the benefit of networking events, of which there is an abundance in the city centre.

“As directors, we have a combined experience of more than 60 years, and a strong presence in the residential, commercial, industrial and education sectors. As a team we are growing organically, and the new office can accommodate up to 20 employees which is where we aim to be in the next few years as we continue to employ talented professionals.

“The new office gives us the additional space that we need to work, and we also encourage our team to take a break where possible. The office pool table certainly helps with this, as well as encouraging a bit of healthy competition.”

Thomas Szymkiw of FHP Property Consultants commented;

“I was pleased to assist the team at TSK with their search for a new office. After viewing several options in the Lace Market, I was pleased that 29 Stoney Street was the one that ticked all of the boxes for them. It’s an impressive space and I wish them all the best there.”

For further information on the letting of the above premises, or to discuss any property requirement in further detail please do not hesitate to contact Thomas Szymkiw of FHP on 07896 035 805 or thomas@fhp.co.uk.

Date:  24^th May 2019

I am very pleased to announce the successful sale of the Former Children’s Day Nursery on Sherwood Rise in Sherwood, Nottingham. A beautiful period detached property set over two floors on a 0.3-acre plot with prominent frontage to Sherwood Rise and being located just 1 mile from the city centre. Planning was submitted on the 15^th February to convert the building into six 2-bedroom residential apartments and was granted on the 18^th April 2019.

Anthony Barrowcliffe of FHP comments: –

“From the initial development appraisal right through to completion this has been an exciting journey and I look forward to seeing the conversion over the coming months. There were several challenges on the way which I am delighted we overcame to see this through to completion”.

The purchaser Paul Foster from Simpull Limited, commented: –

“We are delighted to have secured the purchase of 8 Sherwood Rise with the intention of converting the building into six high quality 2-bedroom apartments. The character of the building will be retained by ensuring we keep all existing features wherever possible thereby contributing to the regeneration of Sherwood Rise. We would like to thank Anthony Barrowcliffe whose professional approach was instrumental in driving this purchase to completion and look forward to working with FHP again in the future.                                                                                                             

The former landlord John & Rashem Johal added: –

” A big thank you to Anthony Barrowcliffe who worked hard and methodically to ensure the sale went through, and for all of his support throughout the process”.

For further information on how FHP can help with the sale or letting of your commercial property, or for assistance helping you find the right property to meet your requirements, please do not hesitate to contact FHP. For more information on this deal, please contact Anthony Barrowcliffe of FHP Property Consultants on 0115 841 1148 or alternatively email anthony@fhp.co.uk.

Anthony Barrowcliffe

Date:  22^nd May 2019

Fully refurbished self-contained office, 3 miles from the M1 Motorway.  The office is a barn conversion and consists of ground floor offices with kitchen and WCs, alongside 8 allocated car parking spaces with an overflow car parking facility available if required.

The location is exceptionally well positioned to the A453 and Junction 24 of the M1 Motorway, being well situated to service Nottinghamshire, Derbyshire and Leicestershire.  Not only has the office got great road access it is also within close proximity to East Midlands Airport, and the train services.

Anthony Barrowcliffe of FHP comments: –

“An attractive building offering a tremendous secure working environment in an attractive rural setting with superb transport links.  The office is part of a small business park, which is exceptionally well managed and provides excellent car parking.  Another attribute is the fact this office is eligible for small business rate relief; therefore I look forward to discussing this prospect with all interested parties.”

For more information on this property, please contact Anthony Barrowcliffe of FHP Property Consultants on 0115 841 1148 or alternatively email anthony@fhp.co.uk.

FHP Property Consultants are pleased to offer the leasehold interest of 12 Mallard Way, Pride Park, Derby to the market.

12 Mallard Way is conveniently located within walking distance of the railway station on Pride Park, and offers excellent accessibility to the A52 linking up with the M1 Motorway.

The property comprises a two-storey office building with the benefit of air-conditioning and 8 allocated car parking spaces.

The property is available to lease at a rent of £22,500 per annum.

Darran Severn from FHP Property Consultants comments:

“This is a great opportunity to occupy a self-contained office premises on Pride Park.  The accommodation presents well, and is ready for occupation.  The property would suit any small to medium sized business and could provide space for approximately 18-20 people.  I look forward to speaking with all interested parties.”

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

Great deal done within a very quick time frame, the whole process taking one month, this demonstrating in all the doom and gloom of Brexit deals are still being done.

15 Hockley is set over three floors and is in the heart of the Lace Market, formerly being used as a marketing suite for Nottingham’s Eastside Regeneration.  The building measures in at 218.86m² (2,355ft²) and was let on a 5-year term.

Progress Law Solicitors are the new tenants, who are currently based in Halifax, using this new office as a new base to establish a presence in Nottingham.

Anthony Barrowcliffe of FHP comments: –

“My instruction was clear, to find a A2 occupier quickly preventing a void period and mitigating all costs associated with an empty building alongside a good level of rental return.  We managed to do this, and I am thrilled that all parties are happy with the terms agreed”.

For further information on how FHP can help with the sale or letting of your commercial property, or for assistance helping you find the right property to meet your requirements, please do not hesitate to contact FHP.  We also offer a variety of other services to both landlord and tenant such as reducing your business rate liability or assisting with upcoming lease events such as lease renewals or rent reviews.

For more information on this press release, please contact Anthony Barrowcliffe of FHP Property Consultants on 0115 841 1148 or alternatively email anthony@fhp.co.uk.

Excellent ground floor office suite let to Boccia England Limited at Media House on Padge Road, Beeston.  Boccia England Limited are the national governing body and charity for this Paralympic sport and are now the newest tenants of the fully occupied Media House.

The office suite measures 130m² (1,401ft²) and offers a clear span space with a shared entrance, shower, and WC facilities with excellent levels of car parking.  The specification within the suite includes gas central heating, LED lighting, suspended ceilings and perimeter trunking throughout.

Anthony Barrowcliffe of FHP comments: –

“Boccia England have been looking for a new office for some time, viewing several options with FHP.  Therefore, I am delighted we could find them an office to meet their requirement.  Currently with everything going on politically and the levels of uncertainty in the market it is encouraging to see businesses and charities making progressive office moves, especially to non-city centre office locations.”

 Chris Ratcliffe CEO of Boccia England Limited comments: –

“After an exhaustive search, we are pleased to be in an office that suits our requirements. We are grateful to FHP and Venus Estates for helping us through this process and getting things in place and the team at Boccia England is already benefitting from a much-improved working environment”.

 For further information on how FHP can help with the sale or letting of your commercial property, or for assistance helping you find the right property to meet your requirements, please do not hesitate to contact FHP.  We also offer a variety of other services to both landlord and tenant such as reducing your business rate liability or assisting with upcoming lease events such as lease renewals or rent reviews.

For more information on this press release, please contact Anthony Barrowcliffe of FHP Property Consultants on 0115 841 1148 or alternatively email anthony@fhp.co.uk.

FHP Property Consultants are pleased to be able to offer a substantial open plan office in the market town of Ripley, having excellent access to the A38 dual carriageway and also A610 Nottingham Road.

The first floor accommodation is within the Amber Valley Borough Council headquarters office building and extends to some 11,500ft² of high quality space incorporating LED lighting, raised floors, data cabling, double glazing, passenger lift and central heating.

The accommodation is offered at a very competitive rent of only £5 per ft² per annum, with service charge, utilities and with rates also very reasonable this represents an excellent opportunity to acquire economic space in an accessible location, with town centre facilities on tap.

Tim Richardson of FHP Property Consultants comments “With a shortage of open plan space available on a single floorplate this represents a great opportunity to acquire good quality office space at a very affordable rate.  Access is good, car parking is available nearby and the landlords deal with the main building maintenance and shared facilities thereby reducing the tenants obligations.  We would encourage anyone with a requirement for offices of this size in the area to visit.”

Further information is available from the agents, FHP Property Consultants, contact Tim Richardson on 01332 224 857 or email timr@fhp.co.uk.

FHP Property Consultants acting on behalf of clients are delighted to announce two office lettings in West Bridgford.

86 Melton Road has been let to Este Medical Group Ltd, one of the UK’s leading skin and hair specialists offering healthcare and cosmetic treatments. The prominent, self-contained property has recently undergone a transformational refurbishment by its new owner and extends to over 1,700 square feet and will add to their growing portfolio of clinics in Birmingham, Leeds, London and Istanbul.

Sam Cinkir, of Este Medical Group Ltd commented;

“We are delighted to be opening in Nottingham to service the many clients from the East Midlands who already travel to our clinic in Birmingham. This was an obvious move for our company and one we are extremely excited about.”

Suite I, The Point has been snapped up by Balance: Wealth Planning Ltd, an award winning financial planning experts who have been based in the area for a number of years. Forming part of this prominent and striking building, this modern office suite extends to circa 1,400 square feet with the added benefit of an outside terrace area.

Rebecca Aldridge, of Balance: Wealth Planning Ltd commented;

“We are so pleased to have found our home here at The Point. Now that we’ve made it our own, the bright and airy space means we have a very peaceful working environment. Our team have settled in already and our clients have all enjoyed their planning discussions with us as they take in the beautiful view of the suspension bridge over the River Trent.”

Both deals achieved rents of circa £16 per square foot, demonstrating an increase in rental values in the area, with previous lettings of this nature up until only recently generally achieving a ceiling of £15 per square foot – a percentage increase of just over 6%.

Thomas Szymkiw, of FHP’s Office Agency Team generally puts this down to both a high demand and a lack of supply in the area;

“West Bridgford is of course well known as one of Nottingham’s premier residential locations and most affluent suburbs, however increasingly we are seeing office occupiers also favouring the area over the more traditional office locations such as the City Centre and out of town Business Parks. The offices in the area tend to come with better parking provisions, have good transport links and are close to fantastic retail and leisure offerings – all which seem to be deciding factors for occupiers when choosing West Bridgford as the right location for their business”.

FHP are currently instructed to market two other offices in West Bridgford and would be delighted to hear from anyone else who may also be interested in securing a new office the area;

The Coach House, North Road – a quaint self-contained period office building measuring just under 1,000 square feet with car parking to the front for up to 5 vehicles.

Suite H, The Point – a sister suite to Suite I, this stunning office extends to circa 3,700 square feet and offers fantastic views over West Bridgford with under croft secure parking.

For further information on either of these lettings, or to discuss any of your property requirements in further detail please do not hesitate to contact Thomas Szymkiw on 0115 841 1159 or thomas@fhp.co.uk.

Thomas Szymkiw

22 March 2019

I am delighted to announce that we have now completed on office 1 & 3 Adams Court in Basford. This small office courtyard comprises of five separate self-contained offices set over two floors with excellent security and parking provisions.  The courtyard is self-contained with both units having B1 (Business) and D1 (Non-Residential) use classes, suitable for both office and educational purposes, sizes vary from 1,848ft² to 2,450ft².

Through extensive marketing I am very pleased that FHP were able to agree leases with Game Set & Match for Office 1 and Choice Support for Office 3.

Game Set & Match Limited are specialists in the production of promotional game cards for a broad range of clients through the UK and Europe, and Choice Support are a national charity supporting people with autism, learning disabilities and mental health needs.

Anthony Barrowcliffe of FHP comments:

“Two great leases completed in quick succession, with excellent terms agreed, this clearly demonstrating that there is still a clear demand for self-contained offices outside of the City Centre. Due to the most recent success at Adams Court I remain positive that we can achieve full occupancy, with only 2 offices remaining.  If you are considering relocating in 2019, I would be delighted to discuss the available options at Adams Court.”

For further information on how FHP can help with the sale or letting of your commercial property, or for assistance helping you find the right property to meet your requirements, please do not hesitate to contact FHP.  We also offer a variety of other services to both landlord and tenant such as reducing your business rate liability, or assisting with upcoming lease events such as lease renewals or rent reviews.

FHP Property Consultants, are delighted to have agreed both the sale of 1 and letting of 4, Meadowbank Way, Eastwood to HSP Consulting Engineers Ltd and UK Performance Doorsets Ltd respectively.

Both properties extend to over 4,000 square feet and provide good quality office accommodation over two floors with reception, kitchen and W.C facilities and benefit from substantial parking provisions. The site is also located in conveniently close to junction 26 of the M1 motorway and also the amenities that Eastwood town centre has to offer.

Thomas Szymkiw of FHP who agreed both disposals commented;

“To be able to agree two office deals in Eastwood within quick succession is really rewarding – considering that more than often, out of town locations such as this are sometimes over looked by occupiers for the established business parks closer to the city centre. HSP really hit it lucky as they were already occupying next door, which we managed to also subsequently let on their behalf – so a bit of a success story really!”

Howard Pratt, Managing Director of HSP Consulting Engineers Ltd commented;

“After doubling our turnover over the past two years and expanding our team here substantially, we had a requirement for larger premises – however wanted to stay in the locality after being established here a number of years.”

“The property provides us with the extra office space we required for our business and in the right location for our team – with the added benefit of substantial car parking facilities that you just can’t find anywhere else. So of course, when the property came up for sale, we decided to pursue it.”

“Thomas was instrumental in pushing the sale and letting of our old premises through and I would like to thank him for both his patience and negotiation skills throughout the process.” 

For further information on both the letting and sale of the above premises, or to discuss any property requirement in further detail, please do not hesitate to contact Thomas Szymkiw of FHP on 07896 035 805 or thomas@fhp.co.uk.

Acting on behalf of Clients of BMO Real Estate FHP have negotiated the new lease being taken by University of Law at One Royal Standard Place.

This is the largest letting in Central Nottingham since 2015 and a genuine Inward Investment bringing a new occupier who will strengthen the depth of the legal profession within the City by providing both Graduate and Post Graduate courses and forging strong partnerships with the legal community regionally.

As always it is a pleasure working alongside our Joint Agents, JLL, and concluding the transaction with Mark Kleinman at James Andrew International who acted on behalf of University of Law.

ENDS

John Proctor

0115 950 7577

22^nd January 2019

FHP Property Consultants, are delighted to have agreed the sale of the 88 – 90 North Sherwood Offices to YSHB Properties Ltd for £475,000.  The property comprises 3,986 ft² of good quality self-contained office space with parking situated close to both Nottingham City Centre and Nottingham Trent University.

Thomas Szymkiw, of FHP’s Office Team who agreed the sale on behalf of the vendors commented;

“I was pleased to have the opportunity of marketing a freehold office in Nottingham City Centre – a real rarity in the market and therefore interest was high from both an owner occupier’s and student residential perspective. I achieved a good capital value for my clients and the property was perfect for facilitating the purchaser’s expansion plans – therefore a good deal all round!”  

Alan Boyden, one of the vendors commented;

“Thomas, a personal note of thanks for your patience, negotiation skills and time in putting this deal to bed. A great job well done!”

For further information on this sale, or to discuss your property requirements in further detail please do not hesitate to contact Thomas Szymkiw on 0115 841 1159 or alternatively, thomas@fhp.co.uk.

FHP Property Consultants are pleased to have been brought in as joint agents alongside Innes England in the marketing of this landmark office building.

Pentagon House occupies a very prominent location fronting Sir Frank Whittle Road (A61) close to the Pentagon Island.  This is a major intersection within the City linking the inner ring road, A52, and A61 which in turns leads to the A38 dual carriageway.  Road connections in and around the City are therefore excellent, and complemented by the fact that the property has a very high level of car parking, with one space per 185ft².

The suites currently available range from 3,018 – 6,765ft², with additional space coming available later in the year which enables a total of 11,942ft² to be provided.

The space is finished to an excellent standard including recently fitted LED lighting and air conditioning systems.  Double glazing, blinds, tea points, showers and wcs are all within the suites, plus comms room and datacabling, separately controllable VRV air conditioning heating and cooling, access control system.

Pentagon House has a manned reception, with informal meeting area, visitor parking, 24/7 access and bike store.

The property is owned by Loxton Developments, who are a privately owned hands on and proactive landlord who maintain a good relationship with their tenants.

Tim Richardson from FHP Property Consultants comments:

“The property was originally built as a headquarters for Williams Holdings and was finished to a very high specification being for their own use.  It has since been upgraded by our clients to include superfast broadband, new LED lighting with warranties, new air conditioning systems for each suite and offers a very high quality space ready for occupation.  We would encourage any parties looking for space in Derby to take a look at this building and see for themselves the facilities on offer.”

 For further information please contact Tim Richardson at FHP Property Consultants on 01332 224 857 or timr@fhp.co.uk.

One of the features of the market over the last couple of years has been the acute shortage of good quality freehold office premises available to buy.  With build costs pushing up the price of new build premises, modern second hand buildings represent excellent value for money.  Compared to renting, buying an office property either directly or through a pension fund, can provide a very cost effective way of securing premises, frequently with repayments less than the equivalent rent and of course ownership of the building at the end.

FHP Property Consultants are pleased to be able to offer 2 very well located modern buildings to buy.

At Vernon Gate in Derby, we are able to offer a 3 storey premises of 1,635ft² in an excellent established office development with generous onsite parking, walking distance of the City Centre yet adjacent to the inner ring road and available to buy at a guide of £275,000.

Alternatively at Key Point Office Village, Alfreton, we have a well located end terrace modern building of 1,340ft² within a courtyard development, having excellent access to the A38 dual carriage way linking Derby to Junction 28 of the M1. This is available to buy at a guide of £180,000.

Tim Richardson from FHP Property Consultants comments:

 “I would certainly encourage anyone looking for office space to look at buying.  It puts you in control and provides a long term investment, either as an owner occupier business or leasing it to the business.  If you have a requirement for office space, or are looking for an investment in the region then please do get in touch.”

 For further information please contact Tim Richardson at FHP Property Consultants on 01332 224 857 or timr@fhp.co.uk.

Benefiting from one of the best quality fit outs in the market today, Unit 1, Ivanhoe Business Park has just been let by Tim Gilbertson at FHP on behalf of a private pension fund to expanding local company Optimised Buildings.

This fantastic building became available following the expansion and relocation of Wilson Vale, one of the leading privately-owned contract catering companies in the country.

Forming part of Ivanhoe Business Park at Ashby-de-la-Zouch this building was originally constructed a number of years ago and has been maintained in exemplary order by the pension fund owners throughout.  The benefit of this excellent maintenance and presentation meant that we were offering probably the finest available space in the region which has subsequently seen it quickly snapped up by expanding local company Optimised Buildings.

Tim Gilbertson of FHP who dealt with the letting commented:

“Ivanhoe Business Park has been a success from day one.  Originally developed by Clowes Group, we act on their behalf and concluded any number of deals on the park to cover almost all property sectors.

The latest deal is actually on one of the first phases of units on the park where the former occupier had vacated, and the owners had quite correctly advocated high-quality presentation and maintenance throughout the former occupier’s lease, which meant that we had superb space to offer to the market when the building became vacant.

This presentation has undoubtedly helped us secure our new occupier, Optimised Buildings, who have relocated from secondary space in Ashby to take advantage of the wonderful location and fantastic accommodation we had on offer here.

Optimised Buildings have been a pleasure to deal with throughout and we look forward to hearing of their continued success and expansion over the coming years.

We had two other parties interested in this building and therefore we are keen to replenish stock levels in the New Year across not only the office sector but all others in the region as Ashby is real ‘hotspot’ for demand and we have any number of potential tenant’s or owner occupiers lined up ready for space as soon as we can find and make available good opportunities.”

Managing Director of Optimised Buildings, Gary Bark, commented: 

“We make commercial buildings energy efficient through the optimisation of HVAC and Building Management Systems via advanced analytics and energy monitoring software combined with our local team of bureau engineers and analysts.  This facility not only provides great accommodation for our growing team, but also enables us to showcase to new clients how we manage buildings throughout the UK providing delivering typical energy savings of 8-10% from existing assets and systems.  This is a step change for us, but one that has been presented at the right time and in the right location and are excited about the future opportunities this will help us generate.”

Tim Gilbertson concluded by adding:

“It is great to see 2019 start with such a successful deal and whilst there remains turmoil in the country as a whole we are still seeing strong demand for rental and purchase opportunities throughout the region in the office, industrial and distribution sectors.

Stock levels remain our bigger issue and I would be delighted to discuss the potential marketing of any such space throughout the Midlands with clients both old and new and I can be contacted on 0115 9507577/ tim@fhp.co.uk.

FHP Property Consultants have been appointed alongside Sanderson Weatherall in the marketing of the available space at the RTC Business Park in Derby.

Totalling some 400,000ft², the RTC Business Park is a recognised office location in the engineering sector with a number of well known businesses on site including Atkins, Seimens, Hitachi, Serco and Network Rail.  Derby is a global centre of excellence in the engineering and hi-tech industries, and has one of the largest clusters of rail related businesses in Europe.

The office buildings are set around a campus environment, together with on site restaurant, meeting facilities, parking and bicycle stores, plus the mainline railway station is only a 10 minute walk away.

In terms of available space, the agents are currently able to offer floors at Brunel House, providing from 3,200ft² to 16,000ft², together with the adjoining building which is available for conversion providing a total upto 30,000ft² of space.

Tim Richardson from FHP Property Consultants comments:

 “The RTC Business Park is recognised as a leading campus and cluster of renowned businesses in the hi-tech, engineering and service industries.  The space at Brunel House sits at the entrance to the estate and provides refurbished space offered on a floor by floor basis together with excellent parking and an easy walk from the main railway station.”

 Further information is available from the joint agents FHP Property Consultants 01332 343222 and Sanderson Weatherall 0113 221 6000 .

Please contact Tim Richardson at FHP Property Consultants on 01332 224 857 or email timr@fhp.co.uk.

My background is predominantly within the retail and leisure sector, having advised landlords, investors and developers on a wide range of UK wide transactions since 2005. I have also provided strategic acquisition and disposal advice to widely known occupiers such as Apple, Vodafone, Starbucks, One Stop, Wolseley, Barclays, Cash Access UK and a host of other national and regional names.

Previously I was Head of Midlands Retail & Leisure at Cushman & Wakefield, where the Birmingham based team had some huge successes, most notably the retention of EGi’s most active agent award for 5 consecutive years.

Clients I have worked particularly close with include LCP, M&G, Wesleyan, Bruntwood, Cala Homes, Calthorpe Estates, Heimstaden, Starbucks and Goodstone Living.

Standout career transactions include the investment acquisition of Gracechurch Shopping Centre Sutton Coldfield, Exchange Buildings New Street Birmingham, The School Yard Harborne, and high-profile leasing transactions including Flight Club Temple Street Birmingham, Cotswold Company Leamington Spa, Tesco Express Hagley Road Birmingham, Koi Ki Harborne and Coffee #1 Moseley.

It is not often that premises come available in a rerfurbished listed building in a parkland setting but FHP Property Consultants are pleased to be able to offer a suite at Darley Park, Derby.

The first floor space would suite an office or studio use and is situated in the historic Darley Stables,Abbey Yard at the northern end of Darley Abbey Park, having easy access from the A6 and A38 dual carriageways.

The first floor space extends to some 1,076ft² over 2 rooms plus mezzanine and is available to let on a flexible new lease.

Tim Richardson from FHP Property Consultants comments:

“The accommodation is finished to a very high standard and provides characterful office or studio space within an inspirational location, being readily accessible to the road networks.

For further information please contact FHP Property Consultants on 01332 343 222 or email timr@fhp.co.uk.

FHP are delighted to confirm that they have worked with Nottingham based Property Construction Consultancy, Gleeds, who have moved to new offices at Apex Business Park.

The new office has been taken adjacent to Gleeds’ existing satellite operation at Ruddington Lane to create a 20,000ft² campus of office space across the two buildings housing 210 staff.

Anthony Cork, Director of Gleeds in Nottingham, confirmed:-

“Gleeds have been searching for a suitable home for our Nottingham business for some time and by acquiring the building at Apex we are delighted to have been able to bring our teams together in one location.  We have worked with FHP who have supported us in acquiring the additional space which has enabled us to undertake an extensive refurbishment of both properties to provide state of the art workspace for all of our staff with excellent links to the City Centre”.

Gleeds have seen consistent growth across their project management and asset management arms in recent years providing advice for an increasing number of Clients in the UK and abroad from their East Midlands base.  This sustained success led to Gleeds seeking new premises.

John Proctor at FHP worked alongside Gleeds and confirmed:-

“It has been a pleasure working with Gleeds to bring together a campus in a location which enables them to have immediate access to the City Centre by the tram with excellent onsite car parking and the accessibility required by their teams who undertake work nationally from their Nottingham base”.

For further information please contact John Proctor on 0115 950 7577.

ENDS

December 2018

Thomas, a personal note of thanks for your patience, negotiation skills and time in putting this deal to bed. A great job well done!