FHP were pleased to handover the keys to SHAPE (Safe Haven Alternative Provision of Excellence) for the premises known as The Exchange Building, Alfreton Road, last week as they start their new project for bringing further teaching support for children within Nottingham. The former CityCare building on Alfreton Road presented a rare opportunity to acquire a prominent office / warehouse property within close proximity to Nottingham City Centre, consisting of a modern detached two storey office building providing a mixture of open plan and cellular office space with an additional clear span warehouse to the rear. The Exchange Building providing excellent accessibility fronting onto the A610 with further access to J26 of the M1 Motorway and good transport links nearby.
The property, as expected, generated a high level of enquiries throughout the marketing, resulting in numerous viewings and offers, which lead to best and final bids in order to secure the best possible price for our client. It certainly exceeded our expectations with the achieved sale price and was an excellent result for our client who was thrilled with the result.
Amy Howard, Surveyor at FHP Property Consultants commented:
“The Exchange Building was always going to be in popular demand, given the lack of freehold stock within easy access to the City Centre and the hybrid approach the property offered, making it suitable for a variety of uses. The sale reflected a great price and I am delighted to see SHAPE handed the keys to endure their new project. It is a great concept for the property and the area, providing additional support for students and I wish them all the best.”
Shamraiz Younas, CEO at SHAPE commented:
“It has been a delight to work alongside Amy Howard of FHP, & Will Torr of heb Surveyors on the acquisition of The Exchange Building, a great effort by all in seeing this over the line. This iconic building on one of the main routes into Nottingham is a great asset to add to our fast growing portfolio in our hometown.”
Will Torr, Partner at Heb Surveyors added:
“The search to find an alternative education facility for our client was a difficult brief to meet but the availability of The Exchange Building meant we could fulfil the requirement perfectly. The prominent building is ideally located and the internal configuration enables all of the education provisions to be provided under one roof. Thanks to Amy at FHP who ensured a smooth transaction and we hope Shamraiz and the team have a successful launch.”
If you are looking to dispose of your property on a freehold or leasehold basis and would like further information, please contact me on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk
FHP are delighted to have secured a letting on Evelyn Street, one of the former Mill units that lies just off Queens Road East, Beeston. The unit benefits from enhanced period features throughout showcasing the characteristics of its former use and comprises 4,090 sq. ft of good quality warehouse space with ample parking to the front of the property, just off Evelyn Street. The new tenant, Vortex Systems Ltd have been in the market for some time now and were seeking larger space, due to their future growth and expansion plans. After viewing several properties with FHP Property Consultants, they decided that Unit 36 Evelyn Street was their ideal premises, and the enhanced features certainly caught their eyes.
We were originally marketing the property on a freehold basis and secured a lot of interest, although our client decided to go down the leasehold route in order to maximise their potential investment return within future years. The interest remained a strong level throughout the marketing, and we generated a good amount of enquiries which pleased my client and enabled us to achieve a strong rental tone on the unit. Evidentially, the interest was a result of my client refurbishing the property by reinstating the windows, retarmacking the front area for parking and installing new WC & kitchenette facilities to offer a higher quality unit, to best present it to the market. This is a prime example of landlord’s adapting to consumer needs and listening to the current requirements within the market, as a result of this we were able to secure a tenant and complete within a quick timeframe.
Amy Howard, Surveyor at FHP Property Consultant commented:
“It certainly was a great result to get this deal over the line, given the initial marketing on a freehold basis and then switching the leasehold, I have spent a lot of time with this client, and I am pleased to have secured this for them. The client showed willingness to work with the perspective tenants and enhancing the unit to attract further enquiries.
It was also a delight to work alongside Vortex Systems, they showed willingness throughout to get the deal secured within a quick timeframe and I wish them all the best in the future.
Beeston is a popular area with excellent transport links, we have several units on Evelyn Street, and it is a great estate for local occupiers with excellent access to J25, of the M1 Motorway. I hope to secure some further tenants with the remaining units that we have available within Beeston.’’
For further information, please feel free to contact myself on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.
ENDS
Amy Howard
1st December 2023
FHP are pleased to announce the purchase of 23 Rectory Road by an Accountants firm, in West Bridgford. The property consisted of a semi-detached office building situated across three floors of cellular office accommodation with ample car parking to the rear. Benefiting from being situated within walking distance of West Bridgford Town Centre that provides a plethora of amenities, it was certainly going to be a popular sale.
23 Rectory Road was originally on the market on a leasehold basis in which it managed to achieve a rental of £20.00psf, the decision was then made to explore freehold options that proved to be popular. The level of interested on this property was stronger than anticipated and we received a strong level of offers. The property was well suited to a variety of uses, owner occupier, local investor or for residential redevelopment which was evident within the level of enquiries. We secured an excellent sale price for the subject property and managed to complete the sale within a reasonable time, allowing the purchasers to gain occupation and start their move across the road.
Amy Howard, Surveyor at FHP Property Consultants commented:
“This property is something I have been working on for some months now, given the initial leasehold route and then exploring the freehold option so I am delighted that we have now managed to complete on this sale.
Freehold stock in West Bridgford is a rarity so we always knew it was going to be popular, but it certainly generated a high level of enquiries which was positive to see and proves the freehold office market demand is still strong in the suburb areas of Nottingham.
The sale price achieved was a great result in the end for my client and it has been a pleasure to work alongside them, as well as help Bexon in their process of gaining a new office space.
West Bridgford continues to be a prestigious office location and the nearby town centre amenities continue to grow, with 200 Degrees Coffee and Sexy Mama being the newest member it certainly is a great location for office occupiers who wish to be outside the City Centre but still feel connected.’’
The retained client, commented:
“I was very pleased with the level of service shown by FHP Property Consultants, especially Amy who we worked closely with throughout. We regarded the price obtained as excellent in today’s market and fully approved of the professional way that matters were handled by FHP and brought to a swift and satisfactory conclusion”.
For further information, please feel free to contact myself on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.
ENDS
Amy Howard
1st December 2023
FHP are delighted to bring to market a high quality clear span warehouse unit situated on Colwick Industrial Estate, just off Private Road No. 2. The estate is situated within a popular industrial location and provides a variety of occupiers from both national and regional Screwfix, Chris Allsop Holdings Limited, Hillarys and Jewson to name a few. It is situated with excellent links to the A52 and A46 connecting to Newark, Grantham and approximately 2.5 miles East of Nottingham City Centre, with access links to A60 , Mansfield. The estate is located adjacent to the Colwick Loop Road, one of Nottingham’s main arterial routes.
Unit 2 Colwick Business Park incorporates a mid-terraced unit just off Private Road No. 2 and benefits from designated parking to the front of the property and a roller shutter door to the rear. There are internal offices to the front which have undergone an extensive refurbishment offering a high quality fit-out throughout, making it the perfect fit for client meetings. The unit is available by March 2024 with the potential to occupy the unit sooner, and we are quoting £40,000 per annum on new lease terms.
Amy Howard, Surveyor at FHP Property Consultants commented:
“It is great to have another unit come available on Colwick Industrial Estate, this industrial location always seems to do well with a variety of occupiers and it is always proving to be popular. These units offer a high quality finish throughout from both the interior and exterior allowing for a professional feel. I imagine that this property will generate a lot of interest, and hopefully we can look to attract a strong tenant.”
For further information contact Amy Howard on 07887 787894 / amy.howard@fhp.co.uk or Anthony Barrowcliffe on 07557 972008 / anthony@fhp.co.uk.
FHP are pleased to bring to market two new office suites on the popular Office Village, after achieving another successful letting at Units 5/6 Castlebridge to Frontline Recruitment with a speedy completion. Castlebridge Office Villages is set within Castle Marina which offers excellent complementary retail and leisure facilities, as well as providing good connectivity to tram and bus services. The Village is occupied by a variety of high quality tenants ABG Law, Cerca Magnetics, Avery Dennison and Transform Trust to name a few.
The property’s benefit from high quality self-contained open plan office accommodation situated across two levels, with an excellent level of onsite parking for both suites. With well presented comfort cooling and LED lighting throughout, also benefitting from additional amenities including showers and bike storages.
Amy Howard, Surveyor at FHP Property Consultants commented:
“I am excited to bring to more office suites to market on this popular office village, Castlebridge is an excellent office scheme and we have witnessed a number of successful lettings over the years which will hopefully with these two suites. The high quality finishes throughout and attractive ESG credentials will certainly entice occupiers, not to mention the benefit of designated car parking within such close situ to Nottingham City Centre. I am hopeful that we will be able to secure further high quality tenants to add to the diverse and popular scheme.’’
For further information, please feel free to contact myself on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.
ENDS
Amy Howard
20th July 2023
FHP are delighted to bring to market a new office suite situated at The Clock Tower, Talbot Street with close proximity to Nottingham City Centre populated by professional occupiers, medical consultants, solicitors and property professionals. The suite benefits from a plethora or nearby amenities including shops, cafes, bars and restaurants amongst others. Additionally, there are excellent nearby transport links including NET, bus routes and accessibility to Nottingham’s Train Station on-foot, and lies directly opposite to Crown Plaza Car Park.
The suite sits on the third floor of The Clock Tower and is accessed by lift, it has recently undergone an extensive refurbishment offering newly installed air conditioning throughout, LED lighting and grey carpet tiles, with a newly refurbished entrance area providing a highly professional standard throughout. It comprises 2,773ft² of office plan office accommodation with surrounding views and natural light throughout.
Amy Howard, Surveyor at FHP Property Consultants commented:
“This property has undergone an extensive level of refurbishment to meet occupier requirements and improve ESG credentials. We are witnessing a shift in preference within the office market, whereby occupiers are now seeking higher quality stock over quantity and this property provides just that. The suite benefits from nearby parking, as well as a plethora of amenities that Nottingham City Centre has to offer all within minutes’ walk.’’
I look forward to securing a tenant for my client on this suite and liaising with all occupiers currently in the market seeking office premises.
For further information, please feel free to contact myself on 07887 787894, alternatively you can email me at amy.howard@fhp.co.uk.
ENDS
Amy Howard
19th July 2023
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