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Industrial/Warehouse News
Acting on behalf of Gala Group Limited, Fisher Hargreaves Proctor have just completed the sale of a substantial development site forming part of the Southglade Business Park off Hucknall Road in Nottingham.
Dealt with by Tim Gilbertson at Fisher Hargreaves Proctor, the deal sees a surplus land holding sold to Nottingham City Council providing capital receipt for the vendors and the ability for the purchasers to extend and further develop the existing food centre owned by Nottingham City Council.
Tim Gilbertson BSc (Hons) MRICS, Partner of Fisher Hargreaves Proctor who dealt with the sale commented:
“After extensive interest in this site I am delighted to confirm that we have concluded a sale of the long leasehold interest of well over 100 years to Nottingham City Council.
Instructed by our clients, Gala Group Limited, to market this surplus site, extensive marketing produced strong interest, to the degree that a sale of the site was taken to an informal best bids conclusion.
An acceptable offer was obtained from Nottingham City Council and subsequently Heads of Terms were agreed and solicitors instructed.
Pleasingly, the deal has now exchanged and completed to the satisfaction of all parties.
The sale of the land will enable the City Council to extend and further develop their food park already set on Gala Way and we wish them well.”
For further information on this sale or to see how Fisher Hargreaves Proctor can help you with your disposal of any commercial land or buildings please contact the team on 0115 9507577.