REVIEW, ASSIGN, RELOCATE, FHP HELP PALMERS MOVE CLOSER TO HOME

Industrial/Warehouse News

The Assignment of Unit 2 Eldon Road, Attenborough has just completed from Palmers of Trent Bridge to KSM Limited.  Alastair Fearn of Fisher Hargreaves Proctor acted on behalf of the Tenant, Palmers of Trent Bridge in securing a suitable Assignee in KSM Limited.  The unit which extends to 5,855ft² has approximately 6 years unexpired on the term and was let at a rental of £25,760 per annum.

Palmers had been wishing to relocate to warehousing premises closer to their main showroom on Radcliffe Road, West Bridgford for some time and instructed FHP to advise them.  The first job for FHP was to settle the outstanding Rent Review with the Landlord and then find a suitable company to assign the lease to.  Once a suitable Assignee was found Palmers were able to relocate.

The new Tenant, KSM Limited are a cable stockists and distributor that supply cables, connectors, cabinets, tools and accessories to the Audio Visual, Data Networking, Security and Telecommunications Industries.  They are relocating from Stapleford and have been trading since 1991.

Rob King of KSM Limited commented:-

“The move to Eldon Road means that we are now in premises which serve all our needs in relation to size, profile and location.  We are extremely happy with our move and the unit will provide us with the ability to continue to provide our customers with the excellent service to which they have become accustomed”.

Jim Mersh of Palmers of Trent Bridge added:-

“The location of the Eldon Road warehouse was no longer suitable for us in relation to our main showroom on Radcliffe Road next to Trent Bridge Cricket Ground.  We are grateful to FHP for not only settling our Rent Review but also finding a suitable occupier to take on our unit in Eldon Road.  The removal of this liability from our portfolio means that we can work much more efficiently and provide our Clients with an excellent service in relation to their home fit out requirements”.

Alastair Fearn of FHP added:-

“To be able to find such a good Assignee was especially important for our Clients in order to relieve them of any future liability to the Landlord.  Settling the Rent Review prior to placing the property on the market was also crucial and we were pleased to be able to settle this at an agreeable figure without the need to go to arbitration”.

FHP are also marketing, on behalf of Tiger Developments, brand new offices at Eldon Road.  For further information on the availability of offices in this location or for further information on this transaction please contact Alastair Fearn of FHP.   With regard to the parties involved further information can be found at www.palmersoftrentbridge.co.uk and www.madaboutcable.com.