• Potential to have the two units combined (warehouse and offices) or let individually.
• Recently refurbished WC facilities with a kitchenette on ground floor
• Suitable for a variety of uses (STP)
• Excellent parking facilities with the potential to have additional spaces
• Situated on a securely fenced and gated site
• 5 tonne cranage in the warehouse
• Ample power supply
• Immediately available

• Undergone an extensive refurbishment to offer high quality office space
• Suitable for a variety of uses (STP)
• Forecourt area providing good parking levels
• Self-contained detached office property on gated site
• Well located close to Nottingham City Centre
• Excellent rare freehold opportunity

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.

• 5.7 metre eaves rising to 6.6 metres at the apex
• Clear span warehouse space
• 3 phase power and full height roller shutter door
• First floor offices
• Fenced and secure business park with security and 24/7 access
• Walking distance from Beeston train station
• Excellent nearby transport links and close access to J25 M1 & Nottingham City Centre

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.

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

• Clear span good quality warehouse space
• Fitted out office/ancillary space on both ground and first floor
• Large reception and entrance area
• 15 designated car parking spaces
• Situated within a securely fenced and gated site
• Popular industrial location
• Immediately available

• High specification industrial / warehouse units available
• Lighting, WCs, kitchen and offices installed
• Situated on a securely fenced and gated site with a shared yard area, providing turning circulation
• Specification to include PV solar panels and EV charging points
• Situated within a popular industrial location
• Immediately available

• To be refurbished to a high standard throughout
• Located just off the A52 Derby Road within easy reach of Nottingham City Centre and beyond
• Fantastic levels of on-site car parking outside the workplace parking levy
• Self contained glazed entrance lobby/reception

• To be refurbished to a high standard throughout
• Located just off the A52 Derby Road within easy reach of Nottingham City Centre and beyond
• Fantastic levels of on-site car parking outside the workplace parking levy
• Self contained glazed entrance lobby/reception

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

• A high quality open plan office adopting an exposed services feel showcasing the features of the property
• Fluted columns and feature windows
• A short walking distance from the vibrant area of Hockley
• Good connectivity to NET tram, train station and bus station
• Immediately available for occupation
• Readily fitting out with meeting rooms and individual office spaces available

• Recently refurbished offering high quality office space throughout
• Excellent location situated on the popular and well-established Nottingham Science Park
• In close proximity to Nottingham University, Queens Medical Centre and the A52 ring road, one of Nottingham’s main arterial routes
• NET tram stop within walking distance of the site
• 4 designated car parking spaces available per unit

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

• Self-contained two storey office premises
• 4 designated car parking spaces available
• Good connectivity to the NET tram, bus station and train station
• Within walking distance from Cosy Club, Bear, 200 Degrees Coffee and Piccolino
• Flexible terms and immediately available
• Suitable for a variety of uses (STP)

• Two-storey offices
• Gross internal area 2,687 ft² (249.6 m²)
• Ten car parking spaces
• Located to the rear of Adbolton Hall
• One mile from West Bridgford town centre
• Suitable for a variety of uses with redevelopment potential (STP)

• A high quality open plan office adopting an exposed services feel showcasing the features of the property
• Fluted columns and feature windows
• A short walking distance from the vibrant area of Hockley
• Good connectivity to NET tram, train station and bus station
• Immediately available for occupation
• Suitable for a variety of uses (STP)

“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

• Undergoing full strip out and refurbishment including new roof
• Open plan manufacturing/storage space
• Circa 6.1 metre eaves
• 3 Phase power, electric roller shutter door, lighting and WC facilities
• Allocated car parking
• Close proximity to the City Centre

• Undergoing full strip out and refurbishment including new roof
• Open plan manufacturing/storage space
• Circa 6.1 metre eaves
• 3 Phase power, electric roller shutter door, lighting and WC facilities
• Allocated car parking
• Close proximity to the City Centre

• Undergoing full strip out and refurbishment including new roof
• Open plan manufacturing/storage space
• Circa 6.1 metre eaves
• 3 Phase power, electric roller shutter door, lighting and WC facilities
• Allocated car parking
• Close proximity to the City Centre

• Undergoing full strip out and refurbishment including new roof
• Open plan manufacturing/storage space
• Circa 6.1 metre eaves
• 3 Phase power, electric roller shutter door, lighting and WC facilities
• Allocated car parking
• Close proximity to the City Centre

• Undergoing full strip out and refurbishment including new roof
• Open plan manufacturing/storage space
• Circa 6.1 metre eaves
• 3 Phase power, electric roller shutter door, lighting and WC facilities
• Allocated car parking
• Close proximity to the City Centre

• Undergoing full strip out and refurbishment including new roof
• Open plan manufacturing/storage space
• Circa 6.1 metre eaves
• 3 Phase power, electric roller shutter door, lighting and WC facilities
• Allocated car parking
• Close proximity to the City Centre

• Undergoing full strip out and refurbishment including new roof
• Open plan manufacturing/storage space
• Circa 6.1 metre eaves
• 3 Phase power, electric roller shutter door, lighting and WC facilities
• Allocated car parking
• Close proximity to the City Centre

• Beautiful character office building
• Stunning views over the south of the city
• Central location adjacent to Nottingham Contemporary and surrounded by a plethora of amenities
• Excellent nearby nearby transport links including NET tram stop, bus routes and Nottingham Train Station
• Well-presented office space with a fitted meeting room area on the fourth floor
• Self-contained building

FHP are delighted to announce the successful completion of additional lettings at Headstocks Industrial Park, with two more units currently under offer and nearing completion. Headstocks is a newly developed scheme in Watnall, featuring 22 high-quality industrial/warehouse units. The Park offers excellent access to J26, of the M1 Motorway and is approximately 6 miles northwest of Central Nottingham, with nearby transport links. The locality of the units to the M1 Motorway is a key drive for industrial occupiers on-site, as well as a crucial attraction for potential new tenants.

Headstocks Industrial Park ranges in sizes available from as small as 2,500ft² to 30,000ft² all featuring high-quality finishes, WC facilities and well-fitted kitchens equipped with hot water taps – ideal for tea and coffee enthusiasts! Additionally, the units boast a high level power supply, ensuring they meet the demands of various businesses on the site.

Proving to be a successful site, we have now secured 11 lettings with a further 3 under offer leaving only two 15,000ft² and several 3,500ft² units remaining. The site benefits from a diverse range of occupiers on the estate including Oshino Lamps UK, Park Safe Ltd, Simcas Composites, CC Signs, Precision Engineering amongst others. FHP are pleased with the successful activity so far and look forward to generating new enquiries to hopefully lead to securing more lettings on the site.

A new occupier at Headstocks, commented:

“The transition from the initial viewing to securing the keys was smooth and the interaction with the landlord throughout the process allowed us to quickly resolve any outstanding queries and start to develop a good landlord-tenant relationship. FHP were helpful and efficient throughout and provided a professional but personal approach all the way through to securing the keys. It is great to see the mixture of tenants on the estate and we are excited to see who our new neighbours will be.”

Amy Howard, Surveyor at FHP Property Consultants commented:

“The scheme is off to a great start with the successful lettings at Headstocks, and it is always positive to see a happy client. The process from initial viewings to handing over the keys has been completed within a quick timeframe, benefiting all parties involved. It is also pleasing to witness the strong relationships already being developed between our client and the tenants.

Securing full occupancy on the site is a key target for us and we hope to achieve this within the upcoming months. Our aim is to push the marketing on this and hopefully secure some further successful viewings to lead to more take-up.”

If you are interested in the remaining units at Headstocks Industrial Park or require some further information, please feel free to contact myself on 07887 787894 or email me at amy.howard@fhp.co.uk.

ENDS

26 July 2024

• Good quality hybrid unit with three-phase power
• Large front yard and parking area situated within a fenced and gated site
• Suitable for a variety of uses (STP)
• Fully fitted out office area providing partitioned meeting room/office space
• Situated within an established industrial location with excellent access to the M1 motorway and greater Nottingham via Junction 26

• Good quality hybrid unit with three-phase power
• Large front yard and parking area situated within a fenced and gated site
• Suitable for a variety of uses (STP)
• Fully fitted out office area providing partitioned meeting room/office space
• Situated within an established industrial location with excellent access to the M1 motorway and greater Nottingham via Junction 26