FHP BROKER MAJOR OFF MARKET INDUSTRIAL SALE AT CODNOR GATE INDUSTRIAL ESTATE, RIPLEY, DERBYSHIRE

Industrial/Warehouse News

Acting on behalf of Stainton Capital, Tim Gilbertson, Partner of Fisher Hargreaves Proctor has secured an off market sale of a substantial site and premises on the Codnor Gate Industrial Estate to local developers PMW Property.

The sale represents one of the largest transactions in the region this quarter and with FHP retained by the new purchaser to let/sell on the various premises on the site our involvement is far from over with this opportunity.

Tim Gilbertson commented:

“We were approached by our clients to put forward marketing thoughts on the disposal of this site following the departure of the former tenants.  We were delighted not only to be able to swiftly put forward marketing proposals, but equally to identify a party likely to be in the market for the space and in doing so we saved our clients significant time as we created and brokered an off market transaction.

This is one the largest site and land disposals in the East Midlands this quarter and FHP are now retained by the new owners, PMW Property, to sell/let on the constituent elements of the site.

As a result, we will shortly start marketing all units after refurbishment on flexible leasehold or freehold terms and anticipate strong interest. 

We are grateful to our clients for their instructions to secure this disposal and look forward to working onwardly with the new owners and utilising our in depth knowledge of this site for the benefit of all.”

The site will be marketed shortly on behalf of the new owners, PMW Property and FHP are retained to act onwardly.

Jo Jones from PMW Property commented:

“We are delighted to have secured this opportunity off market and we are sure that it will serve us well for the future.  The units are set in a fantastic spot, have been refurbished throughout and are available on flexible leasehold or freehold terms.  We have such a huge range of space available that we can meet the needs of virtually any requirement in the market place for industrial requirement in this area.

We are grateful to Tim at FHP and his team for bringing us this opportunity  and they have been asked to act on our behalf onwardly in the marketing together with BB & J,”

As a result, we will be able to offer high calibre refurbished space for purchase or rent from as little as 504m² (5,426ft²) and upwards.

All of the units offer good quality self contained space, on a securely fenced and gated site.  Two of the units benefit from their own extensive yard and separate accesses from the main estate road and all will be offered on flexible and attractive terms to either rent or purchase.  Any parties wishing to express an early interest are warmly invited to contact Tim Gilbertson at FHP on 0115 9507577.