I am pleased to announce the completion of this leasehold transaction. P&S Healthcare had been looking to relocate for years and I had personally shown and discussed several options with them over the months/years, with none of these options fulfilling their needs, prior to being instructed on 2 Robey Close. P&S Healthcare were previously based in Hucknall so Linby suited in terms of location and the building specification worked perfectly.
In this transaction I represented the tenant who had several years remaining on their lease but no longer had a need for this 4,035ft² unit. I was instructed to assist them and to mitigate their position the best I could. After a short period of marketing and reviewing live requirements we engaged with P&S Healthcare and managed to agree a surrender and re-grant which suited all parties involved. Agreeing a surrender with the landlord on behalf of the existing tenant Oshino Lamps (UK) Limited and a new lease on excellent lease terms with P&S Healthcare.
Anthony Barrowcliffe commented:
“I am exceptionally pleased with this deal and to demonstrate that we also act on the tenant side as agents. I thoroughly enjoyed working with all parties on this transaction with everyone acting professionally and efficiently rounding off a superb transaction, you could say the stars aligned on this one!
P&S Healthcare are an established family run manufacturing business who have produced and distributed high quality garments for over 30 years and just recently face masks.
The Hucknall and Linby market is a strong one and I hope to win more instructions in these areas as I most certainly have the requirements.”
For further information on this transaction, the industrial market, or other opportunities or to see how FHP can help you please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.
FHP and JLL are delighted to announce that we have completed on the leasehold transactions for Unit 3B, Unit 11 and Unit 28 at Roseland Business Park, Newark. This flurry of lettings demonstrates that the A1 region remains a strong market, proven by the fact that these recent lettings mean we only have one unit remaining at the estate up for grabs before full occupancy is achieved.
Unit 3B measured 15,712ft² and benefited from an excellent 0.9 acre gated yard and was let to Thielmann UK Limited, one of the world’s leading manufacturer of stainless steel containers.
Unit 11 measured 3,603ft² and benefited from excellent outside space being let to Fernn Limited, who run a successful recycling business.
Unit 28 measured 12,731ft² offering fantastic storage space being let to Cardzone, a family run retail business operating over 170 gift card stores all over the UK.
Anthony Barrowcliffe of FHP commented:
“The Newark and A1 region remains a strong industrial market and I look forward to achieving full occupancy at Roseland in the future. In the last two quarters of 2020 FHP and JLL have let 32,046ft² of industrial space on strong commercial terms to tenants I believe will trade from this location for many years to come.
There are also various design and build options available at the estate ranging from 15,000ft² to 200,000ft² which is really exciting and I look forward to working at Roseland Business Park for many years to come. This location and estate is only improving and growing and I look forward to being involved in many more transactions in the future.”
Helen Macrow of Summer Estate Holdings commented:
“Since bringing FHP on board jointly with JLL we have been really pleased, this new relationship has been a huge success and both agents have worked fantastically well collectively. The estate is almost at full occupancy with further development to follow, I have particularly been impressed with Anthony’s proactive approach, local knowledge and hard work”.
For further information on these leasehold deals or for other opportunities within the industrial sector or to learn how FHP can help you please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.
Since bringing FHP on board jointly with JLL we have been really pleased, this new relationship has been a huge success and both agents have worked fantastically well collectively. The estate is almost at full occupancy with further development to follow, I have particularly been impressed with Anthony’s proactive approach, local knowledge and hard work.
I am pleased to inform the market that we have six of the units at Quayside Court Industrial Estate under offer. This new development consists of twelve industrial/warehouse units, which means we are at 50% occupation before practical completion has been announced, which is expected on 1 January 2021.
The Developers DL Rhodes & Son have ensured to deliver this scheme to a high specification and are so pleased with the standard and location they have relocated their head office and warehouse from Blenheim Industrial Estate to Unit 1, Quayside Court.
The six remaining units vary in size and we can offer from 2,500ft² to 7,500ft² on leasehold terms. The units provide an excellent eaves height of 6 metres, 3 Phase power, electric roller shutter doors, lighting, and WC blocks. This site provides excellent security via a private electric gate, CCTV and security lighting alongside offering good car parking provisions.
Anthony Barrowcliffe MRCS from FHP Property Consultants commented:
“An excellent scheme in an established industrial and office location. This development was very much needed as demand is still outstripping supply especially in the Colwick area, this demand being demonstrated by having 50% of the site let before practical completion has even been announced.
I look forward to 2021 with optimism that we will gain full occupation and am proud of the remarkable resilience that is being witnessed across the region with property transactions continuing with local businesses growing and, in some cases, even flourishing.
I advise all businesses looking to relocate or expand to engage with either myself or Musson Liggins early in the new year before the site is full.”
For further information on the industrial market, other opportunities, or how FHP can assist you please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.
In what has been a challenging year for everyone, the expectation was that people’s thoughts for new commercial property would be low on their list of priorities. However, FHP’s in-house statistics have been incredibly positive and has proven that this has not been the case, experiencing strong commercial property demand throughout the last several months.
To keep the economy going it is key to ensure the health and welfare of the business market for generations to come. Therefore, we wanted to bring a little sunshine and optimism to employers and employees alike by highlighting how certain sectors of the commercial property market have been resilient throughout Covid-19 and how we continue to see businesses grow and, in some cases, even flourish.
The effects of the first lockdown at the end of March and early April had a huge impact on everyone, however the market has bounced back strongly and we saw more enquiries over the months of July and August than we had in the previous three years at similar times. These also translated into more viewings over the same period than in previous years and those enquiries and viewings are now translating into “done deals” which is great to report.
The summer increase in enquiries has continued throughout the remainder of 2020 and ultimately this has led to us having a strong year in the Industrial and Office Agency Team, surpassing expectations when the world seemed in a dire position in early 2020.
No business can rest on its laurels and forecasting for the future is incredibly difficult, but certainly the market sentiment remains the same now as it has done throughout the last few years, strong demand for freehold and leasehold opportunities across all sizes of the industrial and distribution market, with signs of increased activity across the office sector too.
Therefore, our message to clients old and new, landlords and property owners remains the same as it has been for the last few years, demand is outstripping supply and as a result we continue to see rental and capital growth in the vast majority of sectors certainly geographically throughout our region and hopefully, despite everyone’s ongoing fears over Covid-19, we can look forward to 2021 with a little more optimism.
For further information on how the FHP Team can help you on any commercial property matter please give us a call on 0115 9507577.
I am pleased to announce that I have now completed on an off market industrial investment property on Pintail Close in Netherfield, located behind the Victoria Retail park. The units totalled 8,103ft² and had a 5-year lease in place to an excellent tenant on attractive terms. The investment included two steel portal frame mid-terrace industrial units with 5.5 metre eaves on an excellent service yard benefiting from quick access to Nottingham City Centre via the Colwick Loop Road.
Anthony Barrowcliffe MRICS of FHP Property Consultants acted on behalf of the vendor and Ross Whiting MRICS of Innes England acting on behalf of the purchaser.
Anthony Barrowcliffe of FHP Property Consultants who brokered the deal comments:
“I initially let these Units on Pintail Close for the landlord, so I am particularly pleased that I could go on to sell the investment. Having offered this to a select number of investors I was able to obtain off-market interest. Ross Whiting of Innes England represented the eventual purchaser and terms were agreed and a deal was concluded.
At present there are very few opportunities within Nottinghamshire to secure good quality industrial investments with few assets coming to the market of this size and nature, which meant I was able to agree the sale of this property before placing it on the market. There is strong investment demand for high-calibre industrial assets like Pintail Close which has meant investments like this have become very sought after.
FHP have new and exciting things happening in Netherfield and Colwick, and we look forward to engaging with businesses and investors alike, so we can understand requirements and put together more transactions like this in the future.
The industrial market sentiment remains positive with demand outstripping supply and we continue to see rental and capital values in the industrial sector improve, with some of the highest occupancy levels in 10 years, despite everyone’s fears of the implications of Brexit and Covid-19.”
For further information on the industrial market, other opportunities, or how FHP can assist you please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.
4 December 2020
The Duchess of Rutland, Emma Manners is offering a range of industrial units to let for commercial use in Belvoir, Grantham.
The estate of warehousing which was previously a site of Belvoir Fruit Farms is located a few minutes drive from Belvoir Castle and the Engine Yard and is located close to the A52 and A46 dual carriageway and most importantly the A1 trunk road. The units provide excellent access to Nottingham, Leicester, Lincoln and Grantham and are in the process of a full landlord refurbishment.
The site comprises several steel portal framed warehouse/industrial units with roller shutter doors, 3 Phase power and lighting on a large gated and secure yard. Units can be combined to meet size requirements ranging from 1,000ft² to 7,500ft² and can be adapted to suit lots of requirements also offering a hardstanding gated yard with a portacabin office.
Anthony Barrowcliffe of FHP Property Consultants commented:
“This is an excellent opportunity to get industrial space on flexible terms and competitive rents to service the local or East Midlands market. Landlord works are to follow and over time I believe this will become a thriving industrial estate. Not only can we provide lots of different size options, but we can also offer flexible lease terms and can do specific works to the units to appeal to individual requirements.
The appetite within the Grantham, Newark and A1 region is exceptionally strong and offering refurbishes small to medium sized industrial units ideal for B1, B2 and B8 uses fulfils the shortage of stock within the market and this region.
I look forward to engaging with interested parties and discussing this with occupiers wanting to benefit from the A1 and A46. I have had great success in this region over the last few months and continue to build FHP’s profile in this area.”
For further information on Belvoir Business Park or for an informal chat to discuss the local industrial market or free initial property advice please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.
Acting on behalf of the landlord Storer Holdings Limited FHP are pleased to announce that we have successfully let three small industrial units within an exceptionally short time frame in Daybrook and Arnold.
The units varied in size and consisted of simple commercial space ranging from 1,184ft² to 2,772ft² proving very popular throughout the marketing receiving strong interest and lots of enquiries.
The lettings were as follows:
Unit 2, Newstead Industrial Estate, Arnold – 2,772ft²
Unit 1, Morley Street, Daybrook – 1,412ft²
Unit 3, Morley Street, Daybrook – 1,184ft²
Anthony Barrowcliffe of FHP commented:
“The landlord contacted me regarding three industrial instructions he wished to market. Upon receiving the initial call and inspecting the units I had the properties on the market within the week and received strong interest almost immediately after conducting a thorough marketing campaign.
After several viewings we managed to agree strong terms on all three vacant units bringing the landlord’s portfolio back to full occupation. This demonstrates how strong the small industrial sector is performing and how quickly stock is moving with still so many live requirements out there with simply not enough stock.
I believed our reactive response from initial enquiry through to completion met the client’s requirements perfectly and I look forward to working with the client again in the future.”
Graham Storer (the landlord) commented:
“Your company has been brilliant in getting our three units let. Anthony has worked very hard on these lettings and I wanted to state that he has looked after us so well that I would always use FHP for any future lettings we may require.”
For further information on this transaction or for other opportunities within the industrial sector or to learn how FHP can help you please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.
11 industrial units were built at Balderton Business Park by Denmar Property Developments Limited and I am thrilled with the success we have had with only 3 units remaining to purchase. This small industrial development has been hugely successful and has met market demand at a point where supply within the small industrial sector has been very low, especially on a freehold basis in the Newark and A1 region.
The units have been built around a central tarmac surfaced courtyard with allocated car parking and electric security gate at the entrance. The units benefit from an eave hight of 5 metres, WC facilities, 3 phase power and are accessed by an electric roller shutter door, units ranging from 750ft² to 1,600ft².
The last units remaining are:
Unit 2 – 759ft² – £120,000
Unit 6 – 1,456ft² – £195,000
Unit 8 – 1,576ft² – £195,000
Anthony Barrowcliffe of FHP Property Consultants commented:
“I have been involved with Balderton Business Park from the beginning working closely with Denmar Property Developments Limited throughout the process and am delighted we have been able to sell most of the units. With such limited stock on the market I feel optimistic we will sell the last remaining units quickly. The appetite within the Newark and A1 region is strong with many industrial requirements out there with limited stock to fulfil it. This is a great opportunity for an owner occupier or investor to purchase a new build unit in what is the leading property sector in performance.”
For further information on Balderton Business Park or for assistance or free advice with your industrial unit/estate please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.
FHP are very pleased to announce yet another warehouse/industrial deal has completed throughout the lockdown period and Covid. This sale along with many more industrial transactions being conducted by FHP demonstrates the appetite within this sector and market activity.
The unit was located within the well established industrial location of Calverton Business Park located 8 miles north of Nottingham City Centre and 10 miles from Mansfield town centre. The unit consisted of a simple steel framed construction with an eaves height of 4.3 metres offering simple warehouse space with two large roller shutter doors, internal offices alongside a gated rear yard.
Anthony Barrowcliffe of FHP commented:
“This was a great industrial opportunity for an owner occupier or investor. I received lots of interest from both and due to this had to go from a private treaty sale to an informal tender (best and finals). FHP worked alongside the purchaser throughout lockdown and Covid to get this transaction through and I am delighted with the result. The investor since purchasing the property has wasted no time and has already started works refurbishing and splitting the units.
Giles Davis of Geo Hallam & Sons who represented the purchaser commented:
“Our client was keen to secure the premises on Park Road in Calverton which will sit well in their existing portfolio. The property is currently undergoing a light refurbishment in readiness for marketing and securing a new tenant.
I look forward to working with Anthony and the FHP team on future deals.”
For further information on this deal or for other opportunities within the industrial sector or to learn how FHP can help you please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.
FHP Property Consultants are pleased to announce that Emily Burgwin and Anthony Barrowcliffe have passed their Assessment of Professional Competence and are now professionally qualified Chartered Surveyors.
Emily joined FHP in 2017 and graduated from Nottingham Trent University with a Distinction in MSc Real Estate. Emily works within the Professional Services team at FHP giving bespoke advice on business rates and landlord and tenant matters. Commenting on her new qualification Emily said:
“I am really pleased that all my hard work over the last few years has been recognised and that I now have the recognition and status of Chartered Surveyor. I would like to thank everyone at FHP for their continued support.”
Anthony joined FHP in 2017 working with the Office and Industrial agency team at FHP. Commenting on his new qualification Anthony said:
“I am very pleased with this achievement and that I can now call myself a Chartered Surveyor. It has entailed a lot of work and dedication and I look forward to the challenges ahead throughout my career”.
Sian Cawthorne who oversees the APC candidates at FHP said:
“This is a true testament to the hard work Emily and Anthony have put in throughout the year and is brilliant news.”
Emily and Anthony join a number of their colleagues to achieve MRICS status in the last 12 months including Jack Shakespeare, Chris Kenealy, Chris Proctor and Mairead Gethings.
For further information or if you would like to speak to FHP about how we may be able to help you with any commercial property matters, please contact us on 0115 9507577.
FHP are very pleased to announce that the Former Classic Rewind Building on Park Road in Lenton has now sold. The building had been occupied for many years by Classic Rewinds for commercial purposes but was sold with planning permission to be demolished and converted into 3 town houses. The building consisted of 3,859ft² on a 0.09 acre site situated just off Castle Boulevard, a 5 minute walk to the City Centre.
Anthony Barrowcliffe of FHP Property Consultants commented:
“I met with Trevor Norman (owner occupier) over 2 years ago to discuss the options available with his building due to his retirement.
After understanding the situation and from working through the appraisals I established that converting the building into residential would derive the highest freehold figure and would meet market demand within the area.
The unit was in a residential location and was a great opportunity for a developer, builder, or investor to convert. Trevor took my advice and instructed an architect to get the necessary residential consent prior to marketing. The application was granted, and I proceeded to market this opportunity, which we went on to sell to Isla Investments Limited.
I am very pleased with the outcome of this sale having advised the client from the very start right through to completion. I was satisfied the correct advice was given and that I could advise on different strategies to achieve the highest freehold figure opposed to just marketing the site ‘for sale’ as its existing use.”
Fiona Moore of Rotheras Solicitors represented the vendor and Vik Moothia of Elvin Moore solicitors represented the purchaser.
For further information on this deal or advice on development or conversion options available for your property please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.
Empire Interior Contractors Limited have recently completed on the purchase of 7A & 7B, Portland Drive in Shirebrook as their new manufacturing and head office facility. Empire Contractors specialise in the manufacturing and installation of bespoke joinery and associated products operating nationally and internationally across all sectors.
Units 7A & 7B, Portland Drive consisted of a 10,150ft² unit set on a large secure self contained yard with an eaves height of 4.7 metres ideal for B1, B2 and B8 uses.
Anthony Barrowcliffe of FHP Property Consultants commented:
“I was very pleased to have been instructed to sell this unit on behalf of a longstanding client of FHP. After a good marketing campaign, we engaged with Empire Interior Contractors who were a growing local company wanting to expand and purchase their own premises. FHP worked closely with the vendor and the purchaser throughout lockdown and through combined efforts and cooperation we managed to complete on this 10,150ft² unit.”
Dean Strouther and Luke Pella of Empire Interior Contractors Limited commented:
“Purchasing the property on Portland Drive was our first venture into commercial ownership and was a major stepping stone for our business, a process that was equally rewarding and nerve racking. With limited knowledge of this process our minds were quickly put at ease with Anthony taking lead of the sale to ensure everything was processed in a timely, yet accurate manner. Although the sale was during the Covid-19 lockdown, the focus remained, and we were over the moon to complete mid-September and get the transitional process underway.”
Kirsty Courtney-May of Hopkins Solicitors represented the vendor and Matthew Maiden of Banner Jones Solicitors represented the purchaser.
For further information on this deal or for other opportunities within the industrial sector or to learn how FHP can help you please contact Anthony Barrowcliffe of FHP Property Consultants on 07557 972008 or email anthony@fhp.co.uk.
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