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Industrial/Warehouse News
For many years industrial and warehouse units of all shapes and sizes south of Nottingham have been a sought after commodity, with so few industrial estates in existence south of the City and with many company owners living in this region. Additionally, the hugely improved transport links in recent times as a result of the recent dualling of the A46, providing a quick north south link, have made the location even more attractive.
At a time therefore when demand for commercial property overall continues to rise and the supply of space is at an all time low, when asked to market substantial warehouse premises on Moorbridge Road Industrial Estate at Bingham, an ideal location for so many business owners and their employees, this seemed a great opportunity to secure a quick sale to test the theory of overall improved demand in the industrial and distribution market, particularly in sought after locations such as Bingham.
The hypothesis of strong demand for an opportunity such as this has pleasingly been proved rapidly in a deal completed by Tim Gilbertson which has seen an 18,000ft² warehouse in Bingham sold off market to enable the expansion and relocation of TLA Electrical Distribution, a company that have had a requirement in this location for many years.
Tim Gilbertson commented:
“I was delighted to have the opportunity to put this property to the market and test the long held theory that South Nottingham property on this scale would sell quickly and indeed off market. Pleasingly the results of this sale of a good quality warehouse of 18,000ft² have proved my theory correct as simply through market knowledge, having spoken with the eventual purchaser regarding their property requirements for any number of years, this enabled me to make contact with them direct as soon as our instructions to progress were confirmed by our client and a sale was agreed within a matter of hours.
Whilst many surveyors view agency as putting up a board and waiting for enquiries to come, I always try and take the opposite approach by speaking with any party in the market to understand fully their requirement, such that as and when new property instructions are received I can hopefully quickly marry potential buyers with their dream destination.
This was certainly the case this time around and I was delighted to see the sale to TLA Distribution conclude, particularly as they have been a pleasure to deal with throughout.
I wish Dean Curtis of TLA and his team well for the future in this excellent building.
To suppress disappointment to any parties missing out on this opportunity though, fear not as I have another opportunity on the estate which again provides a rare chance to buy.
Slightly smaller at 1,302m² (14,017ft²) this again is a good quality building forming part of the Moorbridge Road Industrial Estate in Bingham and now openly on the market I would be delighted to show any interested parties around the party.”
For any party seeking to buy or rent industrial or distribution space, or indeed those owners looking to sell or let commercial, industrial or warehousing units, then Tim Gilbertson can be contacted on 0115 9507577.