• Let to Birds (Derby) Ltd at £18,750 pax from completion of the investment sale, for a term of 10 years with a 5th year rent review. There is a tenant option to break at the end of the 5th year
• Situated in the good secondary pedestrianised pitch of Bridge Street just off the historic Newark Market Place
• Nearby occupiers include Boyes, Nottingham Building Society, HSBC, Starbucks, Boots, Barclays and The Works
• Offers are sought in excess of £250,000 representing a net initial yield of 7.31%

• Ground and part first floor let to Birds (Derby) limited t/a The Ashbourne Gingerbread Shop at £25,000 pax from completion of the investment sale, for a term of 10 years with a 5th year rent review. There is a tenant option to break at the end of the 5th year
• Vacant three bedroom flat in need of refurbishment over first, second & attic floors, which presents an opportunity to asset manage the investment to improve rental returns
• Excellent location in the heart of Ashbourne
• Offers invited at £350,000 representing a net initial yield of 6.87%

FHP Property Consultants have agreed a pop up with Facebook for their seasonal promotion of local businesses in the Nottingham area.  Acting on behalf of private clients, Facebook have taken a pop up for a period of 2 months from December through to January as part of their national roll out.

The highly prominent 31 Upper Parliament Street, Nottingham which benefits from strong daily footfall and its proximity to the public transport network.

Alan Pearson, Director of FHP commented:-

“It is great to see Facebook continuing to improvise and acquire physical stores to promote local businesses, particularly at this time of year and in light of the economic back drop created by the Pandemic, over the last 18 months.  This is a highly prominent corner in Nottingham and presented the ideal opportunity to showcase these brands, who will hopefully have generated additional turnover during this period of festive trade.”

For further information please contact Alan Pearson on 07876 396005 or email alan@fhp.co.uk.

Demand for prime retail space continues with three further lettings at Victoria Centere, Nottingham, who are all set to open in time for Christmas.

International variety store brand Miniso have taken a unit of 2,100 sq ft on the upper mall opposite Tiger.  Established in 2013 in China, Miniso now trade from 79 countries.  Miniso opened their first store in the UK in November 2019 and the Nottingham store will be the 7^th store to open the UK.

Bestsellers are an established wholesaler of books, jigsaws and gifts based in Sheffield and have a growing retail estate.  They have taken a 2,800 sq ft store on the upper mall opposite House of Fraser.

Alan Pearson, Director of FHP commented:-

“We’re delighted to have attracted Miniso to Victoria Centre for their 7^th store in the UK, a deal that was concluded exactly 5 weeks from viewing to exchange.

We have seen growing demand from retailers throughout the year for prime retail locations and the latest three lettings, brings the total of new brands to open at Victoria Centre this year to fourteen, which clearly demonstrates growing market confidence following lifiting of lockdown three earlier this year.” 

Jewellers Austen & Blake, established in 2012, have taken a 500 sq ft store at the Clumber Street entrance into the centre opposite the recent letting to Laser Clinics, their 6^th UK store.  Austen & Blake offer a wide selection of diamond jewellery which can be customised to suit their clients requirements.

Jack Shakespeare at FHP commented:-

“It’s great to see activity continue to grow in the retail market.  All of these lettings are to strong regional brands who have been attracted to the centre by the quality of the retail offering and the strength of the centres footfall.”

For further information and leasing opportunites in Victoria Centre please contact Alan Pearson on 07876 396005 / alan@fhp.co.uk or Jack Shakespeare on 07817 924949 / jack@fhp.co.uk

FHP Property Consultants have agreed the investment sales on behalf of private clients of two blocks of prime retail assets in the heart of Nottingham city centre.

48-58 Bridlesmith Gate comprises of 4 retail units plus first floor hair salon and vacant office accommodation.  The retail units are occupied by 18 Montrose, Fred Perry and Sneakrverse.  The asset comprises of approximately 14,800ft² over basement, ground, first and second floor.

There was considerable interest and offers received, with a sale agreed to clients of the ALB Group, in excess of the quoting price of £1.95 million which represented a net initial yield of 12.77%.

The sale of 2-8 Byard Lane and 37-45 Bridlesmith Gate has been concluded to the ALB Group.  The investment comprises of approximately 15,000ft² arranged over basement, ground, first, second and third floors.  The property is occupied by Café Coco Tang, Coco Tang, Brik Barbers and The Tailor.  The property generated a significant level of interest driven by interest in repurposing the upper floors and rebasing the retail rents.  There were multiple offers received and an eventual sale being agreed to the ALB Group at £1.95 million.

Alan Pearson, Director of FHP commented:-

“These two properties are prime retail assets in the heart of Nottingham City Centre, with the potential for repurposing the upper floors for alternative student accommodation or residential use subject to securing the necessary planning consents.  There was significant interest in both assets with multiple offers received.  I am delighted to have secured the sale to the ALB Group, an established investor in Nottingham city centre with a proven track record of repurposing upper floor accommodation throughout the region and will deliver lettings on the ground floor retail units, whilst not being constrained by historic asset values of the previous custodians.”

Arran Bailey, Managing Director of ALB Group commented:-

“I am delighted to have been able to purchase these two blocks as we want to make this area cool again – bring a vibrancy back that Nottingham was once known for.  We want to see this part of Nottingham get a buzz like we’ve seen in areas like Hockley.

With the neighbouring Broadmarsh regeneration core to this end of the city centre, we want to also encourage independent retailers, restaurants, bars and coffee shops to get on board and embrace our vision for a reawakened café culture and thriving retail district.”

If you would like any further information about these disposals or would like to discuss investment opportunities, please contact Alan Pearson on 07876 396005 or email alan@fhp.co.uk.

• Excellent Retail/Leisure opportunity
• Located in the heart of Buxton Town Centre
• Between The University of Derby (Buxton Campus), The Buxton Crescent Hotel and Buxton Train Station
• Passing rent is £41,500 per annum
• Nearby occupiers include a mix of retail and leisure operators such as Seasons Buxton, Toni & Guy, Pizza Express and Dominos

• Prime Town Centre Location
• Ground Floor 99.00m² (1,066ft²)
• Part First Floor 64.98m² (699ft²)
• Nearby occupiers include Boots, Card Factory, Birds Bakery, Ladbrokes, Dominos, Age UK, Betfred and Boyes
• Rent Passing £18,000 per annum

• Ground floor sales 219.20m² (2,359ft²)
• Storage space over ground floor and Basement 82.14m² (884ft²)
• Prime town centre location
• Passing rent £17,000 per annum
• Nearby occupiers include; Wilko, Nationwide, HSBC, Cherry Pharmacy, Betfred, Iceland and Specsavers.

• Prime fashion, footwear, cosmetics and accessories location
• Ground Floor Sales 181.44m² (1,953ft²)
• Ground Floor Ancillary 4.83m² (52ft²)
• First Floor 247.31m² (2,662ft²)
• Nearby occupiers include; Hugo Boss, Fred Perry, Flannels, Ecco, Ted Baker, Jack Wills, Molton Brown, Kurt Geiger, Joules and Jo Malone
• Rent on application

Birds Bakery, the family owned bakery have secured their 62^nd site to open at 83 Melton Road, West Bridgford in a deal brokered by Alan Pearson, Director of FHP Property Consultants.  The new opening will complement the chain’s existing representation on Central Avenue in West Bridgford.

83 Melton Road is situated within an established neighbourhood parade alongside Brumptons Butchers & Delicatessen, Chao Chao, Indian Nights, Bridgford Carpets, Slades Greengrocers & Florists, The Refinery and Sainsburys petrol station and convenience store opposite.

The property extends to approximately 1,195ft² and will provide seating for up to 24 people.  The store will have customer forecourt car parking in addition to the existing roadside provision.

Mike Holling, Sales & Marketing Director of Birds Bakery commented:-

“We are delighted to be opening our latest store in the popular suburb of West Bridgford.  It is our second store in the area and with our first store opening on Central Avenue nearly 40 years ago.  We believe Melton Road is a perfect location for us surrounded by complementary local shops catering for both the surrounding population and commuter traffic too.”

Alan Pearson of FHP commented:-

“Melton Road is an established neighbourhood retail destination with a number of complementary retailers and is a strong draw for West Bridgford with its plentiful free on street car parking and in addition the store will benefit from its own forecourt customer car park too.  The store is of sufficient size to provide Birds’ full offer including hot & cold food to go and coffee offer with associated seating.”

FHP are retained to acquire further stores for Birds throughout the Midlands.  If you have any opportunities for consideration, please send through to alan@fhp.co.uk / 07876 396005.

• Located in the heart of Nottingham city centre, close to Bridlesmith Gate, High Street, Clumber Street and Hockley
• Victoria Street is home to an eclectic mix of occupiers including Lacoste, Jigsaw, Bird & Blend, Goldsmiths, Delilah Delicatessen, Be At One and Red Dog Saloon
• Ground Floor Sales 1,041ft²
• First Floor Sales 997ft²
• Second Floor Stores 1,133ft²
• Third Floor Stores 1,140ft²
• Quoting Rent £55,000 per annum

• Former banking hall premises occupying a prominent corner position at the junction of Evington Road and St Stephens Road
• Ground Floor 202.62m² (2,181ft²)
• First Floor 106.51m² (1,146ft²)
• Second Floor 31.25m² (336ft²)
• Assignment of lease expiring 9th April 2028
• Tenant option to break on 9th April 2023
• Rent Passing £25,000 pax

• Former banking hall premises with car parking for approximately 72 vehicles
• E Class planning consent
• Rent Passing £70,000 pax
• Available by way of assignment with lease expiring 21st June 2027
• Tenant option to break 21st June 2022

• Prime pedestrian frontage on major thoroughfare
• Ground floor 773ft²
• First floor 979ft²
• Nearby retailers include Marks & Spencer, H&M, New Look, River Island, Holland &   Barrett, WH Smith & Boots
• E Class planning consent
• £29,000 per annum exclusive

• Prime pedestrian frontage on major thoroughfare
• Ground Floor 1,636ft²
• First Floor 978ft²
• Nearby retailers include Marks & Spencer, H&M, New Look, River Island, Holland & Barrett, WH Smith & Boots
• E Class planning consent
• £65,000 per annum exclusive

• Prime pedestrian frontage on major thoroughfare
• Ground Floor 881ft²
• First Floor 681ft²
• Nearby retailers include Marks & Spencer, H&M, New Look, River Island, Holland & Barrett, WH Smith & Boots
• E Class planning consent
• £38,000 per annum exclusive

Nottingham’s leading leisure and restaurant business, Fletcher Gate Industries, have secured their 7^th Nottingham venue in the former Jamie’s Italian at 24-26 Low Pavement, Nottingham.

Magic Garden is opening in the former Jamie’s Italian premises, a Grade II Listed Georgian building with south facing terrace and rear garden in the heart of Nottingham city centre.

Magic Garden has been developed by the creative minds behind Hockley Arts Club, Penny Lane and Das Kino and are proud to present this new project as they transform the idyllic garden and property in the heart of Nottingham’s Lace Market.

Alan Pearson of FHP commented:-

“Fletcher Gate Industries are an established bar and restaurant operator in Nottingham with a track record of success and this made it an easy decision for my client to proceed with them in what was a seamless transaction over the period of 3 weeks, enabling them to open as the country came out of lockdown.

 The venue has been very successful since its opening on 4^th July, as people have sought to take advantage of the sun drenched (when the UK’s weather permits) south facing garden, a hidden gem in Nottingham’s city centre.”

 Adam Pereira of Fletcher Gate Industries commented:-

“We are delighted to have opened our 7^th venue in the city, we were drawn to the property due to its idyllic garden and truly beautiful Grade II Listed building to create a venue for the post Covid world.  The garden features Chinese lanterns, glitter balls, ribbons and bunting, and will feature an outside cinema over August.  The venue is well spaced for social distancing and allows for 196 people in the garden plus more inside, where we offer cocktails, beer, cider and spirits, alongside stonebaked pizza and a selection of summer influenced nibbles.”

For further information, please contact Alan Pearson on 07876 396005 or email alan@fhp.co.uk

A newly developed Starbucks drive-thru located on land adjacent to Dunelm on Queens Drive, Nottingham, which was granted planning consent earlier this year, has been sold in a forward funding investment transaction to Custodian REIT in a deal secured by Alan Pearson, Director of FHP Property Consultants.

The site which extends to 0.6 acres occupies a highly prominent position on the main arterial route into and out of Nottingham city centre on Queens Drive, adjacent to the Dunelm store which was developed some 5 years ago.  The unit extends to 2,163ft² and benefits from an external terrace and free parking has been let on a 20 year unbroken lease at a commencing rent of £115,000 pax.

Alan Pearson of FHP commented:-

“We took this site to market early last year and received three offers from drive-thru operators, with Starbucks proving successful.  We agreed terms in an off-market investment transaction with Custodian REIT via a forward funding route which represents a net initial yield of 6.25%.

 Despite the Pandemic the drive thru asset class is continuing to fare well in terms of operators trade and investor appetite.”   

 Will Torr of heb commented:-

“We are delighted to have acted on behalf of Custodian REIT on the forward funding acquisition of this well let Starbucks drive-thru investment.  The development is situated adjacent to the Castle Marina Retail Park and fronting the busy A453 Queens Drive, which is the main arterial route into Nottingham city centre from the south.

The demand for drive-thru stores continues to grow and the 20 year unbroken lease provides our client with long term income in a resilient and expanding sector”

For further information, please contact Alan Pearson on 07876 396005 or email alan@fhp.co.uk

• Derbion Centre comprises 1,300,000ft² with an annual footfall of 22 million
• Scheme anchored by M&S, Next, Boots, Showcase Cinema De Lux and Hollywood Bowl
• Nearby occupiers include M&S, Debenhams, Beaverbrooks, Ernest Jones, Next, Superdry

• Intu Derby comprises 1,300,000ft² with an annual footfall of 22 million
• Scheme anchored by M&S, Debenhams, Next, Boots and a 12 screen Showcase Cinema De Lux
• Unit located on the first floor prime fashion pitch
• Nearby occupiers include Zara, Superdry, Next, H & M, Hugo Boss, Whistles and Hobbs

• Derbion Centre comprises 1,300,000ft² with an annual footfall of 22 million
• Scheme anchored by M&S, Next, Boots, Showcase Cinema De Lux and Hollywood Bowl
• Nearby occupiers include M&S, The Entertainer, Deichmann, Costa, Greggs and BB’s

• Derbion Centre comprises 1,300,000ft² with an annual footfall of 22 million
• Scheme anchored by M&S, Next, Boots, Showcase Cinema De Lux and Hollywood Bowl
• Nearby occupiers include Vodafone, Tiger, Vision Express and Holland & Barrett

• Prime retail unit within Newark town centre
• Ground floor 2,506ft² (232.81m²)
• Upper floor ancillary 1,511ft² (140.38m²)
• Nearby occupiers include Boots, Holland & Barrett, White Stuff, Keith Hall Hair, Three, Vodafone, Monsoon, Phase Eight, Co-op Travel, Savers, Oxygen Menswear and Tambo Lounge
• £45,000 per annum exclusive
• May sell

• Opposite Derbion Centre
• Scheme anchored by M&S, Debenhams, Next, Boots and a 12 screen Showcase Cinema De Lux
• Nearby occupiers include Wilko, Argos, Pure Electric, Matalan & Cosmo World Buffet

• Derbion Centre comprises 1,300,000ft² with an annual footfall of 22 million
• Scheme anchored by M&S, Next, Boots, Showcase Cinema De Lux and Hollywood Bowl
• External unit facing London Road
• Nearby occupiers include Pure Gym, Wilko, Poundland, WH Smith & Heavenly Desserts

• Derbion comprises 1.3 million ft² with an annual footfall of 20 million
• Scheme anchored by FRASERS, M&S, NEXT, Boots, Showcase Cinema De Lux and Hollywood Bowl
• External unit facing London Road
• Nearby occupiers include M&S, Wilko, Poundland, WH Smith, Heavenly Desserts and CEX

• Annual footfall of 23 million
• Anchored by John Lewis, Boots and Next
• Major retailers include JD, River Island, WH Smith, Superdry and Urban Outfitters
• Unit located near to the Clock Tower Dining Quarter where operators include Krispy Kreme, Tortilla, Birds Bakery, Subway and McDonalds
• Nearby occupiers include House of Fraser, Holland & Barrett, HMV, Vision Express, Costa and Tesco Metro

• Annual footfall of 23 million
• Anchored by John Lewis, Boots and Next
• Major retailers include JD, River Island, WH Smith, Superdry and Urban Outfitters
• Nearby occupiers include WH Smith, River Island, Yankee Store, The Entertainer, Disney Store, Muffin Break and Tiger

• Annual footfall of 23 million
• Anchored by John Lewis, Boots and Next
• Major retailers include JD, River Island, WH Smith, Superdry and Urban Outfitters
• Located close to the shopping centre’s principal entrance
• Nearby occupiers include Beaverbrooks, Superdry, John Lewis, Urban Outfitters, Boots and Next

• Annual footfall of 23 million
• Anchored by John Lewis, Boots and Next
• Major retailers include JD, River Island, WH Smith, Superdry and Urban Outfitter
• Situated opposite the Clock Tower Dining
• Quarter where occupiers include Nottingham Street Food Club, Pokewaves, Ed’s Easy Diner and Monga Taiwanese Chicken
• Nearby occupiers include WH Smith, Supercuts, Muffin Break and Tiger