On behalf of clients Clowes Developments, FHP Property Consultants are pleased to confirm the sale of Unit 5 Key Point Office Village, Keys Road, Alfreton, Derbyshire.
Key Point Office Village is situated off the A38, approximately 2 miles from Junction 28 of the M1 motorway. The property comprises a mid-terraced two storey office building finished to a good specification providing a modern working environment.
The property has been sold in an off market deal to local business Wycliff Services.
Gillian Minogue, Management Surveyor at Clowes Developments commented:
“This is the second quick turnaround deal orchestrated by FHP to be concluded in Alfreton within a matter of months. Demand and interest in our commercial portfolio remains high on a freehold and leasehold basis. We wish Wycliff Services all the best in their premises.”
Darran Severn of FHP Property Consultants commented:
“This is an excellent result for all involved. The sale completed within days of the property becoming vacant keeping void periods to an absolute minimum. Freehold properties are still very much in demand and as people begin to return to the office, we are seeing a noticeable increase in office enquiries which is positive news.
If you are looking for a similar property that provides self contained office accommodation with the ability to use the ground floor for storage, then we also have Unit 1 Key Point Office Village available. Unit 1 Key Point Office Village extends to 180m2 (1,938ft2) and is available on a freehold or leasehold basis.”
For further information on this sale or to discuss your property requirement, please contact Darran Severn on 01332 224 854 / darran@fhp.co.uk.
12 May 2021
FHP Property Consultants are delighted to announce on behalf of private clients the letting of Unit 3 Raynesway Park, Raynesway, Derby to Powerslide Motorcycles.
Raynesway Park is prominently positioned fronting Raynesway (A6) and provides modern trade counter/warehouse accommodation with excellent road links to the A50, A52 and M1 Motorway.
Darran Severn of FHP Property Consultants commented:
“We received good interest in this particular unit which became vacant earlier this year, and as a result, we quickly placed the unit under offer minimising any void period. This has been an excellent result for both the landlord and tenant. The new tenant currently occupy premises in Stoke on Trent and have chosen Derby for their second branch.
This leaves us with Unit 10 Raynesway Park, which has just come to market providing 9,744 sq ft of modern warehousing, available on new lease terms. If any interested parties would like to view, then please let me know.”
Brad Clarke, Director of Powerslide Motorcycles commented:
“The unit was perfectly situated for our growing motorcycle business. Easy access for customers is a must these days and also a fresh, clean place of work, which was found at this location.
For further information on this letting please contact Darran Severn on 01332 224 854 / darran@fhp.co.uk.
26 April 2021
The last 12 months has certainly been a rollercoaster journey for many businesses. As we begin to look forward once again, I thought it would be worthwhile looking at the take up within the industrial and logistics sector during this period with a particular focus on the mid-sized sector of the market within Derbyshire.
I am pleased to say that activity during the last 12 months has superseded expectations and the industrial/warehouse market has remained positively buoyant. Demand from local business has far outweighed supply resulting in excellent take up across the county. Both new build and second hand units have been let or sold to a variety of users including those within manufacturing/production, storage/distribution and trade counter sales sectors. As a result, the Derby Office of FHP have alone concluded 24 industrial/distribution transactions within this period and currently have a further 8 similar buildings under offer. This ignores both acquisition and Design and Build work that we have completed throughout the county during this time as well, quite a remarkable 12 month period.
We’ve seen a year on year uplift in rental values since March 2020 with an average increase between 5% and 10% over the last 12 months. Typical lease lengths remain between 5 and 10 years and pleasingly rent free periods are being kept to a minimum, if any. There appears to be an even stronger appetite for businesses to buy property to occupy thus benefitting from placing these assets within their pension schemes. With that in mind we are seeing uplifts in capital values in the region of 10% over the last 12 months. As demand continues to outweigh supply and it becomes increasingly difficult to source steel to build new schemes, I can see further growth in values over the next 6 -12 month period.
As a result of the exceptional interest, we have a number of clients speculatively building space throughout Derbyshire and the wider East Midlands area, schemes are coming out of the ground in various M1 corridor locations and more traditional manufacturing hot spots in an attempt to meet the ongoing demand we encounter, and I would be delighted to discuss these and indeed existing stock with any potential occupiers or provide disposal advice to any potential landlord or vendor client.
Whilst we have a selection of stock available, we do require more. We are speaking with occupiers on a day to day basis that require industrial/warehouse accommodation within Derby, Ilkeston, Alfreton, Ashbourne and Swadlincote. If you are having difficulty finding the right premises or are looking to sell or rent your premises, then we would be delighted to chat through and advise you accordingly.
For further information please contact Darran Severn of FHP Property Consultants on 01332 224854 or darran@fhp.co.uk.
ENDS
Darran Severn
20 April 2021
Darran Severn of FHP Property Consultants is delighted to announce on behalf of private clients the letting of Unit G4 Cranmer Road, West Meadows Industrial Estate, Derby to Widezone International Limited.
West Meadows Industrial Estate is conveniently located off Pentagon Island, at the intersection of the A52 and the A61 Sir Frank Whittle Road. The property comprises clear span industrial/warehouse space with a two storey office section at the front and benefitted from a recent landlord’s refurbishment.
Darran Severn comments:
“There is currently great demand for warehouse units in Derby, especially those under 10,000ft². This is the 3rd letting in as many weeks that has completed, and this has been a fantastic result for both the landlord and tenant. In addition to this letting we have recently placed G1 Cranmer Road under offer and will announce further details on completion. Both deals have been agreed at quoting terms which is excellent.
For any businesses out there, who are finding it difficult to source the right property, please feel free to get in touch as we would be more than happy to help.”
Should you require any further information on this letting then please contact Darran Severn on 07917 460 031 / darran@fhp.co.uk.
8 April 2021
FHP Property Consultants are pleased to confirm the letting of units 3 and 4 Ecclesbourne Park Industrial Estate, Cotes Park Lane, Alfreton, Derbyshire.
The property comprises 9,897ft² of good quality industrial/warehouse accommodation and is situated on the well located and popular estate of Ecclesbourne Park. The unit has been let to Lymers Assist who have signed a new lease for a term of 5 years.
Darran Severn of FHP Property Consultants comments:
“This is a great result for everyone involved and we were able to turn this letting around within 3 weeks from the initial viewing to lease completion. There continues to be a lack of stock around Junction 28 of the M1 and we are continually speaking with local occupiers in this area, who are actively seeking units for expansion. There is great demand for modern warehouse units between 10,000ft² and 50,000ft² both on a leasehold and freehold basis.
If you are looking for a similar property, then we have just placed units 1 & 2 Ecclesbourne Park on the market on a leasehold basis. This unit measures 9,915ft² and will be available in June.”
For further information on this letting or to discuss your property requirements from either a landlord or tenants perspective, then please contact Darran Severn of FHP Property Consultants on 07917 460 031 or darran@fhp.co.uk.
19 March 2021
FHP Property Consultants are pleased to bring to market Units 1 and 2 Ecclesbourne Park Industrial Estate, Cotes Park Lane, Alfreton.
Ecclesbourne Park is located on the Cotes Park Industrial Estate, a well established industrial and distribution location with access directly off the A38, close to Junction 28 of the M1 motorway.
The property provides excellent storage/production space extending to approximately 921m2 (9,915ft2). The premises benefits from two full height loading doors and separate personnel access doors along with allocated parking and a large delivery yard.
The units are available on new lease terms at a rent of £52,055 per annum.
Darran Severn of FHP Property Consultants comments:
“I’m pleased to place this property on the market and I look forward to speaking with prospective occupiers. We recently completed the letting of Units 3 & 4 Ecclesbourne Park in a deal which took 3 weeks from the initial viewing to completion. There continues to be a lack of stock in this size range and I expect to receive good levels of interest.”
For further information or arrange to view, please contact either Darran Severn (07917 460 031/darran@fhp.co.uk), Estée Coulthard-Boardman (07917 576 251/estee@fhp.co.uk or our joint agent Stuart Waite of CPP (07432 472402/stuart@cppartners.co.uk).
12 March 2021
The Industrial and logistics market continues to perform and there is very much a lack of space throughout the East Midlands. With this in mind, Darran Severn of FHP Property Consultants is pleased to bring to market approximately 50,000ft2 of good quality warehouse accommodation at West Hallam Industrial Estate on the edge of Ilkeston, Derbyshire.
Darran Severn comments:
Located approximately 7 miles north east of Derby and 10 miles west of Nottingham, the property offers affordable industrial/warehouse space benefitting from both dock and level access loading bays.
West Hallam Industrial Estate benefits from good road links with Junction 25 of the M1 located approximately 6 miles south east via the A52 and Junction 26 of the M1 located approximately 9 miles north via the A610.
The property is immediately available on new lease terms and at £3.75ft2 is very affordable. I look forward to speaking with all interested parties.”
For further information on the building or to discuss or arrange to view, please contact either Darran Severn (07917 460 031/ darran@fhp.co.uk), Tim Gilbertson (07887 787 893/ tim@fhp.co.uk) or Chris Proctor (07747 464770/ chris@fhp.co.uk).
11 March 2021
FHP Property Consultants are pleased to bring to the market two freehold office buildings known as 2 and 2a Wentworth House, Vernon Gate, Derby.
The buildings provide self-contained good quality office accommodation set in a popular development within close proximity of Derby City Centre. Building 2 provides 151.98m2 (1,636ft2) of accommodation over three floors and 2a provides 253.27m2 (2,726ft2) of accommodation on a similar basis.
The properties are finished to a good specification including double glazing, suspended ceilings with inset lighting, heating and perimeter trunking. In addition, there is on site parking for 25 vehicles.
The units are available to purchase either individually or combined.
Darran Severn of FHP Property Consultants comments:
“The Vernon Gate office park is a popular location being easily accessible to Friar Gate connecting the offices to the A38, A52 and Derby City Centre. The offices provide a mixture of cellular and open plan accommodation with the added benefit of having your own front door. There are few opportunities to buy your own offices in Derby and I look forward to speaking with interested parties, whether that’s owner occupiers or investors.”
For further information or to arrange a viewing, please contact either Darran Severn (07917 460 031/darran@fhp.co.uk) or Estée Coulthard-Boardman (07917 576251/estee@fhp.co.uk).
4 March 2021
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