Industrial/Warehouse News

Mark Tomlinson at FHP Property Consultants has recently concluded a further sale at Drakehouse Court in Sutton in Ashfield close to Junction 28 of the M1 Motorway to Deep Sea Plc. This marks yet further activity at Junction 28 of the M1 where we are seeing increased demand but increasingly short supply of commercial properties for occupiers seeking properties in that area.

The property was marketed on a leasehold basis but such is the freehold demand in the Junction 28 area we were able to achieve a strong freehold price for the client enabling him to re-invest the proceeds into other investment markets.

The property has been on the market with another Agent for 6 months but FHP managed to find a buyer within a fortnight.

There is now a real shortage of available stock in the market generally, and especially at Junction 28. We have healthy numbers of occupiers looking for opportunities in this area.

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