PRE-AUCTION SUCCESS

Industrial/Warehouse News

FHP Property Consultants acting jointly with Savills are delighted to announce the sale of Alpha House, Bulwell days before it reached the auction room! Alpha House, a property comprising a range of office and industrial accommodation totalling 9,867ft² was due to be entered into the March Savills auction. Strong interest was generated only days after putting the property on the market and several offers received.

Paul Giles, Head of Commercial Auction at Savills Nottingham comments:

“The sale of Alpha House prior to auction demonstrates the pent up demand from owner occupiers looking to secure premises quickly and this trend is anticipated to grow as the perception of the traditional auction dies away and buyers realise there is far more than exhausted stock on offer.”

Ilkeston based, family run business, Tank Farm Services successfully secured the premises, ahead of the auction date. Jason Tooley, Managing Director commented “We have been actively looking for new business premises for the past six months, this property ticked all the boxes in terms of the company’s expansion plans and we will be investing further in upgrading the property. The search for a new premises was prompted by gaining substantial orders totalling £2m for the supply & installation of  tank cleaning equipment to a Middle Eastern and a Major UK oil company.”

Vendor, Steve Ellis of Ellis Interiors commented

“We have found the auction process to be very effective and unlike the Private Treaty method of sale where properties can remain on the market for several months, the sale was concluded in a matter of weeks and a far stronger sale price has been achieved.  The swift sale will allow us to relocate to a new showroom where we can place more emphasis on the display of the finished products and where customers can see for themselves the quality of our kitchens and discuss their own bespoke requirements.”

Laura West, Surveyor at FHP Property Consultants concludes:

“I was delighted to be involved in this successful transaction, it is refreshing to deal with two parties who were keen to have a sale concluded swiftly. The strong interest in this site and suitability for Tank Farm Services as new occupiers further strengthens my comments that demand for premises on a freehold basis is strong for well-placed and presented stock.“

For further information on this disposal or other opportunities in the area please contact Laura West, FHP Property Consultants on 0115 841 1149 or Paul Giles, Savills on 0115 934 8054.

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