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Industrial/Warehouse News
Having acquired this site for Rotherhill Developments, FHP are immensely proud that we proceeded to let the unit and then dispose of the investment.
The site is located on Daniels Way, Hucknall and was purchased from Administrators. Rotherhill Developments submitted a planning application once purchased to subdivide the existing building into a terrace of three smaller units and to deliver up to six new build business units within the extensive yard area.
Following site clearance and partial demolition, FHP commenced marketing and generated significant interest. GEOAmey PECs Limited came forward as a single occupier, requiring a full refurbishment of the existing building, the creation of new high-specification first floor office accommodation and a warehouse extension. Following the works and lease completion, the investment was sold ahead of asking price.
Anthony Barrowcliffe of FHP Property Consultants commented:
“This was a fantastic instruction to work on from the start and shows how a plan can be executed. It demonstrates the continued demand for high quality industrial units and industrial investments.
There remains significant unfulfilled occupational requirements in Hucknall, Linby, Basford, Bulwell and indeed the Greater Nottingham area. FHP would be delighted to speak with industrial property owners with vacant space and upcoming vacancies so that we can provide dedicated, site specific advice and deliver a strategy that maximises returns.”
Ed Jeffrey of Rotherhill Developments commented:
“Our thanks go to FHP and Anthony for their assistance in securing GEOAmey as occupier and to Commercial Property Partners who acted jointly with FHP in the disposal of the investment. This project demonstrates Rotherhill’s flexible approach, establishing a range of development options and then delivering based upon the interest received. We worked closely with GEOAmey to develop a high-specification building that future proofs their business and created an attractive investment product.”
For further information on this transaction or to see how FHP can help you with any commercial property matter, please contact Anthony Barrowcliffe on 07917 576254 / anthony@fhp.co.uk, Mark Tomlinson on 07917 576254 / mark@fhp.co.uk.