Smaller industrial units are flying off the shelf in record time – a testament to where the market is currently at with continued limited supply that simply cannot match the current demand.

Having received an excellent level of interest in the past month, FHP Property Consultants are pleased to put the 2,262ft² warehouse unit situated on Eagle Road, Quarry Hill Industrial Estate in Ilkeston under offer.  Previously the unit was let to a engineering firm in 2019, however most recently it was let to a growing storage business looking to expand their operations across the Derbyshire region.

Dan Mooney of FHP Property Consultants comments:

“This is an excellent result for all parties involved.  Not only were we able to assist a growing business with their next property move, but also help the client to gain the best result possible for their premises.  The property had previously been let for £13,500 per annum (£5.96psf) in March 2019, so to achieve a 15% rental increase in 3 years to £15,500 per annum (£6.86psf) is an excellent achievement.  All in all, I am sure the tenant will be very happy to move into the premises and we wish them the very best of luck.”

There still remains very little stock around the East Midlands region that provides clear span warehouse space with a good specification for growing businesses.  I suspect this will continue in 2022, therefore it is imperative that parties register their interest early even if the right property for you isn’t currently on the market.

In terms of remaining space, we are currently marketing a 3,814ft² unit on Prime Industrial Park off Shaftesbury Street, Derby on new lease terms at a rent of £21,500 per annum.

Whether you are a landlord looking to let or sell your premises or perhaps you are an occupier looking to rent or buy an industrial unit, please get in touch with me on 07929 716 330 / dan.mooney@fhp.co.uk as I would be delighted to help with your property needs.

ENDS

Dan Mooney

January 2022

Clowes Developments recently announced the exchange of contracts on the Groups’ largest deal to date. In 2021, the Derbyshire based property Group agreed a transaction to develop six logistics facilities throughout the UK with a landmark deal worth in the region of £100 million with UK insurance giant NFU Mutual.

East Midlands Distribution Centre (EMDC) at Castle Donington will house two of the six brand-new NFU Mutual properties agreed within the landmark deal. The two large scale properties will sit next to each other and are located on the central plot of land running through the middle of the wider business park. The units will be directly opposite the enormous 1m sq ft M&S distribution centre which spans the length of a half mile long road.

EMDC190 will be a 190,000sq ft unit benefiting from a large 15m haunch warehouse with 18 loading bays, over 10,000sq ft of office space over two floors and associated welfare facilities for staff.

EMDC280 will be largest of the units built for NFU Mutual achieving an impressive footprint of 280,000ft comprising of another spacious warehouse again achieving 15 m in height with 26 loading bays, 17,000sq ft of office allocation which again will be dispersed over two floors. Both properties will have their own secure compound and parking spaces including electric charging points.

Planning consent was confirmed by North West Leicestershire District Council at the very start of January. Jon Brice from NFU Mutual together with construction contractor Winvic, and the lead developer, Paul Shanley from Clowes Developments met on site on Thursday 13^th January for an official sod cutting ceremony to officially kick start the build.

Paul Shanley, Consultant at Clowes Developments commented on the progress of the developments at EMDC.

“Since our ownership of EMDC began we have continually bought world class businesses to the development. Thousands of jobs have been generated on the former power station site and we endeavour to deliver further regeneration with the remaining plots at the site. The addition of two brand-new units for NFU Mutual will bring a new dimension to the site and we are confident the new occupiers will benefit from all that EMDC and its locality has to offer.”

EMDC is a nationally recognised Distribution Park dominated by the one million square foot e-commerce Distribution Centre of M&S. The site is also the home to Moran Logistics who relocated their UK HQ to EMDC and to Birlea Furniture who are one of the fastest growing online furniture providers within the UK. EMDC is also on the doorstep on East Midlands Airport, the only UK inland airport to achieve freeport status. The popular development is a stone’s throw away from the M1, a main arterial road network linking the north to the south of the UK. EMDC provides speedy access to the motorway connecting the site to the rest of the East Midlands within a half an hour drive in either direction.

Jon Brice, NFU Mutual added,

“NFU Mutual are delighted to be working with Clowes Developments to bring through developments across three strategically located sites in the East Midlands.

This project forms a key part of NFU Mutual’s strategy and we are excited that planning permission has been achieved and works are now progressing at EMDC.

This marks a significant milestone in our ongoing story with Clowes Developments, and we can’t wait to watch the construction process orchestrated by world class professionals evolve over the coming months.”

With all units bundled into the landmark deal with NFU Mutual now under construction and progressing at an impressive pace, the project looks to complete in its entirety by the end of the year delivering an impressive lead time of less than 18 months to deliver just short of 1m sq ft of quality logistic facilities across 3 East Midlands sites.

On behalf of private clients, Chris Proctor of FHP Property Consultants is delighted to confirm that the sales of 192 Nottingham Road, Mansfield and 2 Stanley Road, Mansfield have now completed.  The properties were previously used by Europcar for a car hire, car storage, car repairs, car washing and valeting site.  Both sites have been purchased by Starfish Mansfield Ltd as an investment and potential redevelopment.

Michael Artemis of Starfish Mansfield Ltd commented:

“Pleased to have acquired this gem of a site.  Another smooth and dynamic transaction all managed and facilitated by Chris Proctor of FHP”.

Chris Proctor of FHP Property Consultants commented:

“It has been a pleasure working for the vendors of this site over the past two years, which has involved agreeing a surrender of Europcar’s existing lease on the property and then most recently an off-market sale of the property to Starfish Group.

Both parties acted extremely pragmatic to achieve a very swift sale on the property and thanks must go to both Vik Moothia of Landsmiths and Sean Isherwood of Hawkins Hatton Corporate Lawyers.”

For further information on the sales or to see how FHP can help you with any commercial property matter, please contact Chris Proctor on 07747 464 770 or email chris@fhp.co.uk.

ENDS

Chris Proctor

Associate Director

Date:  14 January 2021

Without a doubt, 2021 has been an exceptional year for the industrial sector.

Having joined FHP as a graduate in June 2021, I have already witnessed hand in hand a promising level of demand for industrial stock under 5,000ft² in Derbyshire and the wider East Midlands area. Thus far, I have dealt with a small number of units in Derby and Ilkeston both on a freehold and leasehold basis.  As an example Unit 10b Sawley Park, Nottingham Road, Derby, which comprises 1,219ft² and is currently under offer by way of sale with completion anticipated in January 2022.

It is no secret that landlords are witnessing rental levels increasing across the region due to exceptional demand. Many industrial estates have reached full occupancy in 2021 including the Ropewalk Industrial Estate in Ilkeston, Prime Industrial Park in Derby and Amber Business Centre in Alfreton, which is a fantastic achievement for all involved.

Nevertheless, I am continuing to take enquiries from numerous occupiers despite stock being somewhat limited, including those within distribution, furniture manufacturing, vehicle storage, and transport/logistics. More often than not, I have seen many occupiers showing flexibility with their requirements in terms of size, rent/price, location, and unit specification, with some perhaps willing to wait a number of months or pay considerably more for the right property. This clearly shows how strong the market is and I anticipate that this will continue well into the new year.

That said, in my experience to date I have noticed more and more occupiers are being attentive of their specific needs, including quality security measures, yard space and parking. Unfortunately finding a property that meets all the above requirements are becoming more difficult to find, but FHP are working with numerous clients who can deliver a range of suitable options including build-to-suit and new build units in 2022/23.

With regards to current availability, there are some units available to let on new lease terms in Derby, Ilkeston and Swadlincote. For example, Unit 4 & 5 Eagle Road in Ilkeston comprises of 2,262ft² of warehouse space with a shared yard area, and Unit 9 Viking Business Centre in Swadlincote comprises 1,360ft² clear span warehouse accommodation on a popular estate. Both options are immediately available by way of a new lease.

Should you be looking to discuss your property requirements for 2022, whether you are interested in a property that we are currently marketing or perhaps there may be something else suitable in the near future, please feel free to contact me in the first instance on 07929 716 330 or dan.mooney@fhp.co.uk.

ENDS

Dan Mooney

January 2022

FHP Property Consultants are pleased to bring a 3,814ft² warehouse unit to the market.  The premises is situated on Prime Industrial Park, a well-established estate fronting Shaftesbury Street and just off Osmaston Road in Derby.

The property comprises a quality end-terraced industrial/warehouse unit providing a good specification to include a roller shutter loading door, generous office space, kitchen and WC’s on ground floor level, and a mezzanine with further office space on the first floor accessible via internal stairs off the main warehouse floor. In addition, there is some parking adjacent to the unit and delivery access from the securely gated courtyard.  The property is to be cleared out and lightly refurbished prior to let.

The property is available on new lease terms for a term of 3-5 years, for a rent of £21,500 per annum.

Dan Mooney of FHP Property Consultants commented:

“We have already seen tremendous success at Prime Industrial Park especially having achieved full occupancy in late 2021.  The area is popular with manufacturers, storage operators and trade counter outlets, so any new occupier perhaps operating within these trades would be a good fit.

The availability of Unit 5 comes at a good time given the limited stock we have in Derby and the East Midlands.  Opportunities to let a warehouse unit of this size are rare and we have already received good interest from existing enquiries. We fully expect the success at this estate to continue well into 2022.  If you are interested, then please contact me for more details.”

For further information or to arrange a viewing, please contact Dan Mooney on 07929 716 330 / email dan.mooney@fhp.co.uk or Darran Severn on 07917 460 031 / darran@fhp.co.uk.

ENDS

Dan Mooney

January 2022

FHP Property Consultants are pleased to bring to the market this former Distribution Depot which is situated on Melbourne Road in Lount, Leicestershire.

The site is strategically located only 2 miles from Junction 13 of the A42 with Junction 23A of the M1 only 9 miles away to the north east.

The property sits on a self-contained site extending to approximately 3.2 acres and comprises a single storey warehouse, a separate workshop facility and a 2 storey office building.  There are extensive hardsurfaced areas providing access, parking and loading facilities to each of the buildings as well as being suitable for open storage.  The site also benefits from being recently fenced and gated.

The accommodation totals 37,302ft² and is available on new lease terms direct with the landlord at a rent of £165,000 per annum.

Darran Severn of FHP Property Consultants commented:

“This is a rear opportunity providing good warehouse/workshop accommodation situated on a securely fenced and gated large surfaced site, just off the motorway and Junction 23A.  On that basis I am expecting a lot of interest and I look forward to hearing from any interested businesses.  Whilst the site would suit a distribution business, it would also lend itself well to other uses such as general storage or vehicle parking.”

For further information or to arrange a viewing, please contact Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk or contact our joint agent, Richard Tilbrook of Roger Etchells on 07767 334 744 / richard@rogeretchells.co.uk

ENDS

Darran Severn

December 2021

Acting on behalf of Northwood Urban Logistics, Agents FHP and Phillips Sutton are delighted to announce that the first phase of trade counter units at the Teal Trade Park scheme in Nottingham is now fully let having put together an excellent quality trade line up which includes the Screwfix, Howdens, Tool Station, Trent Valley Windows, Trent Vehicle Charging and PaintWell.

The final two units on the scheme are now under offer with details to be revealed shortly.

The second phase of the scheme is set to be completed in April 2022 and three of the units have already been pre-let.

The Teal Park scheme comprises two terraces of trade counter units which have prominence to the Colwick Loop Road and sits adjacent to the Persimmon Housing development which is due to deliver some 800 houses surrounding the scheme, alongside a new school, care home and Aldi Supermarket.

The completion of the Gedling Relief Road is anticipated for Spring 2022 which provides even further accessibility to this location which will effectively form the eastern loop road of Nottingham.

Further units are set to be delivered in the Summer of 2022 where FHP and Phillips Sutton will be offering units from 9,000ft² to 35,000ft² for further trade, warehouse and industrial occupiers.

Iain Taylor, Director at Northwood Investors, commented:-

’We are very excited to have made our recent acquisition of Teal Park at a time when there is chronic lack of supply in the area. Teal Park is able to cater to a wide range of occupiers who will be able to adapt the units for a variety of uses.’’

Mark Tomlinson, Director at FHP, commented:-

“We are delighted to have put together such a strong trade line up for this scheme within weeks of practical completion of the first phase and we look forward to working with further Tenants on the scheme in the early part of next year. With the amount of development going on in this locality and the new housing being delivered in the immediate location it isn’t surprising that we have brought forward such good levels of interest in the scheme to date”.

Brodie Faint of Phillips Sutton commented:-

“We are very pleased to see the quality of occupier that the scheme has attracted, especially as we have been involved with this site from the initial acquisition.  It is testament to the strength of the area, with new housing schemes, road infrastructure and now Teal Park contributing.

With limited supply in Nottingham and the surrounding areas, we look forward to securing further complementary occupiers for the second phase which will be completed in April 2022”.

Anthony Barrowcliffe of FHP Property Consultants is very pleased to have completed on the sale of 35 Moorbridge Road in Bingham to Crocodile Stores.  The industrial unit comprised of a semi-detached warehouse, of 5,588ft², with 4.5 metre eaves, located within this established industrial location of Bingham.

Anthony Barrowcliffe of FHP Property Consultants commented:

“I realised quickly when I met Matt Kirby that he had a rapidly growing business working in the e-commerce sector which has seen huge growth, especially due to Covid-19.  He was already operating three warehouses from Cotgrave so 35 Moorbridge Road worked brilliantly for this already established business due to it being located a short simple drive away on the A46. 

The warehouse consisted of simple storage space with only a small office to the front which suited Crocodile Stores operation perfectly.  I hope to work with Matt Kirby again as I know he has already almost filled 35 Moorbridge Road and is still winning more and more business due to his brilliant operation/reputation.” 

Matt Kirby of Crocodile Stores commented: 

“We were thrilled with how well Anthony at FHP worked with everyone involved to ensure a really quick purchase took place.  Crocodile Stores offer e-commerce fulfilment services and Christmas is a key time of year so time was of the essence in getting the deal done in order to be ready for our peak season.  Securing the additional space has allowed our business to service significant growth for our clients with order volumes doubling compared to Quarter 4 in 2020. 

Crocodile Stores is an e-commerce fulfilment business offering pick, pack and dispatch services across a range of sectors.  Ranging from toys and games to clothing and sports equipment as well as eco cleaning products.   Approaching 20 years in business Crocodile’s early days were spent as a multichannel e-commerce retailer.  The business model has changed but the vast experience of our team remains and we are happy to share our knowledge to help our clients navigate the complex world of e-commerce.  We pride ourselves on a personal and friendly service backed up super-efficient order processing.” 

For further information on this transaction or how FHP can help you with your property matters please contact Anthony Barrowcliffe on 07557 972008 / anthony@fhp.co.uk.

Anthony Barrowcliffe of FHP Property Consultants is pleased to have let 5 Daleside Road, Colwick, a prominent warehouse/trade counter fronting Daleside Road at Colwick to Lindleys Autocentres.

Lindleys Autocentres are a Nottingham based garage offering a range of vehicle services with over 50 years experience in the motor industry.

5 Daleside Road benefits from a very prominent position with a large car park to the front, secure rear yard area, alongside glazed entrance and fitted offices within, measuring 2,631ft².

Anthony Barrowcliffe of FHP Property Consultants commented:

“Completing with Lindleys on 5 Daleside Road was a perfect match which saw a successful Nottingham based company taking occupation on one of the busiest roads into Nottingham City Centre.  I have no doubt a wonderful relationship will be formed between landlord and tenant and Lindleys will flourish in this location and property.”   

For further information on this transaction or the other sales/lettings completed in the Colwick area please contact Anthony Barrowcliffe on 07557 972008 / anthony@fhp.co.uk.

FHP Property Consultants are delighted to bring to the market a 2,262ft² warehouse unit located on Eagle Road situated within the Quarry Hill Industrial Estate in Ilkeston.

The premises comprises an end terraced unit and benefits from concrete parking with loading area which is accessible via a secure gated courtyard shared amongst two other occupiers. The specification of this unit includes manual roller shutter door, security grills on the fire door and roof lights, three phase power, small front office, male & female WCs, and a kitchenette.

The property is available on new lease terms, for a rent of £15,500 per annum.

Dan Mooney of FHP Property Consultants commented:

“This is a fantastic opportunity for a small business to find a new home for their business, whether they are looking for additional space or to begin their business venture. It is no hidden secret that the industrial market remains very strong in this area. Opportunities like this are far from few and between and given that we continue to receive daily enquiries for units like this, we expect the property to be snapped up very quickly. Please feel free to contact me if you are interested.”

For any further information or to arrange a viewing, please contact Dan Mooney on 07929 716 330 or email dan.mooney@fhp.co.uk.

ENDS

Dan Mooney

December 2021

Anthony Barrowcliffe of FHP is pleased to have agreed a letting on behalf of clients, Venus Estates, at Colwick Industrial Estate of 11,250ft² of industrial space alongside first floor office space of 1,635ft² totalling 12,885ft² of space let.

The incoming tenant, PAGE Freight Services were relocating due to their rapid expansion.  PAGE Freight are a premier company for all parcel distribution needs both nationally and internationally and are specialists in providing an end to end service from storage, warehousing, pick and pack operations right the way through to delivery destination.

Anthony Barrowcliffe of FHP Property Consultants commented:

“This combined letting to an already established operator has almost brought Colwick Industrial Estate up to full occupation.  I feel PAGE Freight are a great addition to an estate of already excellent tenants.  The Colwick market is getting stronger and stronger with limited stock now being the issue.” 

Trisha Gutcher of PAGE Freight Services Limited commented:

“A huge thank you to FHP for their help in finding us a perfect warehouse and office so quickly.  Venus Estates have been very welcoming and accommodating and we anticipate spending many successful years here.” 

For further information on this letting or to see how FHP can help you please contact Anthony Barrowcliffe on 07557 972008/anthony@fhp.co.uk.

The former Anthony Peters manufacturing premises in Melton Mowbray was purchased by East Midlands developer Rotherhill Developments and fully refurbished/reconstructed to create an estate of small to medium sized industrial units.

Practical completion of these units was announced on the 15 November 2021 with 13 out of 14 units under offer and due to complete by the end of November 2021.

The popularity of this freehold/leasehold industrial scheme has proven phenomenal with only Unit D1 remaining for sale or to let.

Anthony Barrowcliffe of FHP Property Consultants commented:

“The industrial market is incredibly strong in the Melton Mowbray area with little stock on both a leasehold and freehold basis and strong demand.  This is a high quality redevelopment which has been a huge success.  I strongly advise interested parties to get in touch to discuss Unit D1 as I am sure it will only be available for a limited time.” 

Helen Vesper-Smith of Shoulers of commented: 

“Being so close to Melton town centre and onward access to Grantham, Leicester and Nottingham, these units have proved popular with investors and occupiers.  Industrial freeholds are rarely available in the town centre so we are anticipating keen interest in the remaining unit and would urge interested parties to act sooner rather than later.” 

For further information please contact Anthony Barrowcliffe on 07557 972008/anthony@fhp.co.uk or our joint agents Shoulers on 01664 560181/helenvs@shoulers.co.uk.

FHP Property Consultants are delighted to have been instructed to market Coach Gap Lane, Bingham on a leasehold basis.  With the property comprising of 4 detached units and a mixture of industrial/storage and office space, it really is a unique opportunity with the potential to cater for a mix of uses.

The secure fenced and gated site and ideal location, sitting on the edge of Langar, makes it an opportunity not to miss out on.  It provides easy access to both the A52 and A46 and is in close proximity to Bingham.  Whilst one unit is dedicated to a mix of storage, office and canteen space, the other 3 units all obtain full height roller shutter doors, clear span space and the potential to be used for a variety of uses – subject to planning.

Now more than ever, we are experiencing how the industrial sector is changing, a soar in demand has left little supply out there for interested parties, and potential chances to rent a warehouse unit has significantly lowered, especially in the East Midlands.  That being said, it is without a doubt this property will have a lot of interest and I anticipate it to spend very little time on the market.

I would be delighted to discuss this leasehold opportunity with any potentially interested parties.  If this is something of interest to you, then please contact either myself or Chris Proctor and we would be happy to discuss in further detail.

For full details or to arrange to view, please contact Amy Howard (07887 787 894 / amy.howard@fhp.co.uk) or Chris Proctor (07747 464 770 / chris@fhp.co.uk) of FHP Property Consultants.

ENDS

Amy Howard

Surveyor

17 November 2021

It is true to say that any unit on an oversized site always attracts attention, therefore, we are pleased to bring to the market premises on Lowmoor Road at Kirkby in Ashfield which should, we expect, attract significant interest given the scarcity of buildings on such large sites as we have here of up to 6.5 acres.

Given that the building is to be refurbished throughout as well and can be adopted at this stage to an occupier’s requirements, it is hoped that the building will be let very quickly.

To be marketed by Tim Gilbertson and Chris Proctor of FHP, they commented:

“In total the site extends to around 6.5 acres and we have just under 50,000ft² of space upon it, all to be refurbished by our client.  It truly is a rare opportunity to rent a building of such a large plot and given the size of the plot, our client is actually happy to let the space with less than the 6.5 acres in total and retain part, so we really have a lot of flexibility here.

Being set within moments of Junction 28 of the M1 via the A38 as well, the positioning of the building is great and at a time when units of this size are really in short supply, we do hope that this will be well received in the market and provide a terrific new home for a local expanding company.”

For further information or to arrange to view, please contact Tim Gilbertson (07887 787 893 / tim@fhp.co.uk) or Chris Proctor (07747 464 770 / chris@fhp.co.uk).

ENDS

Tim Gilbertson

Director

15 November 2021

Industrial land continues to let exceptionally well, and Ilkeston has notably been a hot spot in recent months.

It is fantastic to receive enquiries on a daily basis. We have witnessed growing interest for land between 0.5 acres and 1 acre from businesses looking for parking, storage or distribution space.

We are delighted to have recently completed on the letting of plot EA03 at West Hallam Industrial Estate to Hilliard Civils Engineering, which comprises 0.5 acres of hard standing securely fenced land.

In addition to this, all units under 10,000ft² at West Hallam Industrial Estate are fully let. However, I am pleased to have additional warehouses between 6,000ft² and 12,000ft² in the pipeline for Q2 2022. Further details are to be confirmed shortly.

Dan Mooney of FHP Property Consultants commented:

“This is the latest of the deals we have achieved at West Hallam Industrial Estate and it is fantastic to have got this one over the line. I am sure Hilliard Civils will be a fantastic addition to the estate and they have already settled in well, which is good to see.  Industrial units sub-10,000ft² and land up to 1 acre are widely popular amongst smaller businesses and with that opportunities are becoming increasingly limited. We are close to putting another 0.7-acre plot under offer at the estate and have another plot available to let on new lease terms just outside the estate measuring approximately 1.2 acres. If you are looking for an industrial unit or land for your business and would like to discuss your requirement further, please feel free to contact me.”

For any further details, please contact Dan Mooney on 07929 716 330 or email dan.mooney@fhp.co.uk.

ENDS

Dan Mooney

15 November 2021

The employment and trade phases of a £30m mixed-use development in Nottingham have been acquired by investment firm Northwood Urban Logistics.

Teal Park, off the Colwick Loop Road in Netherfield, has been jointly developed by Warwickshire-based AC Lloyd Commercial (ACL) and Nottingham-based Henry Davidson Developments (HDD).

Northwood Urban Logistics has bought the entire industrial element of the scheme which will be delivered by ACL and HDD in three phases. Mark Tomlinson of FHP advised the sellers in the deal.

The first phase of this development is now completed and fully-let which includes 33,300 sq ft of trade units with Toolstation and Screwfix now open and Howdens due to start their fitting out works imminently.

Phase 2 consists of 19,500 sq ft of trade units with 50% already under offer and Phase 3 consists of six mid-range industrial units ranging from 9,000 sq ft to 30,000 sq ft, totalling 111,000 sq ft.

Mark Edwards, managing director at AC Lloyd Commercial, said this deal highlighted the investor demand for employment led development in Nottingham.  He said:

“Nottingham has a great reputation for its innovation which, coupled with its fantastic transport links, make it an attractive proposition for investors.  Northwood Urban Logistics were looking for a site in this part of the city and it met all their needs.

From day one, the response we received from Gedling Borough Council to our plans and from national and regional businesses wanting to locate at Teal Park has been hugely positive and we look forward to completing the development by autumn 2022.”

Iain Taylor, director at Northwood Urban Logistics, said:

“We are very excited to have purchased Teal Park at a time when there is a chronic lack of supply in the area. Teal Park is able to cater to a wide range of occupiers who will be able to adapt the units for a variety of uses.”

Richard Croft, director at HDD, added:

“There is a very strong market for well-located trade and mid-box industrial sites as we start to emerge from Covid-19 and this was reflected in the interest and subsequent sale to Northwood Urban Logistics.

It has been a real pleasure dealing with Northwood Urban Logistics on the first phase and we look forward to working closely with them on delivering the next trade and industrial phases at Teal Park.”

ENDS

Mark Tomlinson

DD: 07917 576 254

November 2021

Tim Gilbertson of FHP was immediately contacted to make him aware of our interest in the property.  Tim wasted no time in relaying our intent to his clients and the wheels were put in motion very quickly.  The process was challenging for both parties to get the deal over the line quickly and smoothly, but we would like to thank Tim and his clients for their efforts, especially Tim, who was instrumental throughout and played a big part in the success of the deal.

The team at APF are flattered by the increasing reputation we have secured, which is now paying dividends and a just reward for our team’s hard work and efforts over the past few years to carry out our targets.  Our success would not be possible without having the right manufacturing units, so thank you again Tim and all involved in its completion.

As a result of FHP’s client’s relocation, they were tasked with disposing of just under 80,000ft² of good quality second-hand space on Long Eaton Industrial Estate in Long Eaton, Nottinghamshire, just off the M1 motorway at Junction 25.

Tim Gilbertson, who dealt with the disposal, is pleased to confirm the successful sublease of the premises to expanding local furniture company Andrew Paul Furniture.  Tim commented:

“It has been a pleasure seeing this deal complete, making our clients happy in disposing of the premises, but also it is great to help a successful Long Eaton based company, Andrew Paul Furniture, to expand further.  Their growth has been remarkable over the last few years and I am sure this new facility will help them still further.

From my perspective, Andrew Paul were terrific to deal with but also very sensible in their approach, jumping on this opportunity as soon as it came to market given the paucity of space available throughout the region, particularly in terms of large scale production and distribution facilities.

I wish them well in their additional home and hope their business continues to grow and go from strength to strength.”

Andrew Cooke and Paul Bradbery of Andrew Paul Furniture commented:

“Due to our ever increasing order book and expanding client base, we were in desperate need of additional manufacturing space.  We were thrilled to learn of an 80,000ft² unit that had become available close to our other four sites in Long Eaton.

Tim Gilbertson of FHP was immediately contacted to make him aware of our interest in the property.  Tim wasted no time in relaying our intent to his clients and the wheels were put in motion very quickly.  The process was challenging for both parties to get the deal over the line quickly and smoothly, but we would like to thank Tim and his clients for their efforts, especially Tim, who was instrumental throughout and played a big part in the success of the deal.

The new premises will mean more employment for the local area and bring the APF portfolio of production units in Long Eaton over five sites to 155,000ft².  It will also play a fundamental role in meeting demand, allowing greater flexibility for future growth and progress APF expansion plans.

The team at APF are flattered by the increasing reputation we have secured, which is now paying dividends and a just reward for our team’s hard work and efforts over the past few years to carry out our targets.  Our success would not be possible without having the right manufacturing units, so thank you again Tim and all involved in its completion.”

For further information on this deal or to see how FHP can help you with the disposal or letting of your premises, please contact Tim Gilbertson on 07887 787 893 or email tim@fhp.co.uk.

ENDS

Tim Gilbertson

Director

8 November 2021

Anthony Barrowcliffe of FHP Property Consultants is thrilled to announce yet another successful industrial letting in Kirkby in Ashfield.  Unit 1, Wolsey Drive comprised of circa 6,500ft² and catered perfectly for Campervan Bits requirement.

The unit consisted of good quality warehouse/production space with 5 metre eaves, first floor offices and excellent parking provisions being located close to Junction 28 of the M1.

Campervan Bits Limited are an extremely friendly team who pride themselves on helping you find the perfect must have camping accessories.  Offering a wide range of camping equipment whether you have a campervan, motorhome, caravan or tent.

Anthony Barrowcliffe of FHP commented:

“I am very pleased to have found Campervan Bits a unit as I have known about their requirement for some time.  I love the brand and I am so impressed with how quickly these guys have expanded and wish them all the best going forward.  Having got to know the landlord alongside the tenant I feel they are perfectly suited and I am very confident that a wonderful commercial relationship will be established.”

For further information on this transaction or the other sales/lettings completed in the region please contact Anthony Barrowcliffe on 07557 972008 / anthony@fhp.co.uk.

Developer Chancerygate has acquired a 6.35-acre site in Colwick to speculatively build 137,852ft² of industrial and warehousing space and create hundreds of jobs.

The site, which was formerly a major fuel distribution centre for Total Petroleum but has been unused since 2019, is located off Colwick Loop Road in Colwick Industrial Estate. It is around five miles east of the city centre.

Chancerygate acquired the site from commercial property development and investment company, City Estates. FHP Property Consultants marketed the site on behalf of the vendor with competitive bids received on the property.

The developer plans to redevelop the site to deliver a speculative scheme of 15 freehold and leasehold units ranging from 5,920ft² to 23,864ft². The scheme has a projected gross development value of around £20m.

Neighbouring occupiers to the proposed development include Jewson, Sainsbury’s, Biffa, Nottingham Steel Supplies and Tile Tec Fireplaces.

Chancerygate development director and head of its Birmingham office, Mark Garrity, said: “We’re very pleased to have secured this development opportunity in a prime industrial area of Nottingham.

“Colwick is an up-and-coming area of the city benefitting from extensive redevelopment and regeneration. The delivery of this site has the potential to create hundreds of jobs in the local area.

“We already have interest from a variety of potential occupiers and we’re looking forward to submitting plans for the development to Gedling Borough Council towards the end of the year.”

Chancerygate was advised by Gerald Eve on the site acquisition whilst FHP advised City Estates. FHP and Gerald Eve will be the retained agents on the development.

ENDS

1 November 2021

On behalf of private clients, Chris Proctor of FHP Property Consultants is pleased to confirm the sale of Spring Road, Ibstock, Leicester.  The property generated a large amount of interest with 19 viewings and 7 offers received on the property.  The quoting price was vastly exceeded, with the purchaser being Tyrefix UK Limited, a local business represented by Alex Reid of Mather Jamie.

Chris Proctor of FHP Property Consultants, who acted for the vendor commented:

“This was an excellent opportunity, which attracted both owner occupier and investor interest. With such a vast number of underbidders on the property, there remains a strong unfulfilled freehold industrial market in Leicester and the UK wide.

The result exceeded my client’s expectations, and I am delighted to have concluded this sale with Tyrefix UK, who are an excellent fit for the property.”

Luke Smith of Rotheras Solicitors acted for the vendor and Rebecca Cleal of Prettys Solicitors LLP acted for the purchaser.

ENDS

Chris Proctor

Associate Director

22 October 2021

I am delighted to have started my real estate career in a company such as FHP who are the leading property consultants within the East Midlands. After just completing a Master’s degree in Real Estate at Nottingham Trent University, I am excited to progress within the property industry and see what the future holds for me at FHP. With some experience in the office sector already, I am looking forward to growing my knowledge and gaining new experience within the other sectors.

We have been delighted with the service we have received from FHP and in particular Anthony, he was attentive to our needs and understood the speed at which we had to move.  As gas boilers are being phased out in favour of air source heat pumps it was imperative we increased our storage capability to keep up with demand, Anthony worked closely with us and expedited the whole transaction in a very timely manner, something rare in these Covid times

Anthony Barrowcliffe of FHP Property Consultants is thrilled to announce yet another industrial letting on the Millennium Business Park in Mansfield.  The most recent letting to Oceanair UK Limited, an existing growing occupier of the estate.

Oceanair UK Limited are an award-winning distributor of air conditioning and heating products. Their existing air conditioning business has seen growth in the domestic air conditioning market and a massive growth in air to water heat pumps ahead of boilers being banned in new builds from 2025.

The industrial unit comprised 6,597ft² of good quality warehouse space with 6 metre eaves, being ideal for Oceanair UK’s storage requirement due to their growth.

Anthony Barrowcliffe of FHP Property Consultants commented:

“Unit 3C Isabella Court is personally my ninth completed industrial transaction in the Mansfield area this year with a further three properties under offer.  The Mansfield area is a fantastic industrial market with excellent access to the M1 and huge employment opportunities.  The unit in its isolation was a great letting for both landlord and tenant and it was a pleasure to work with Tony Evanson, Managing Director of Oceanair UK Limited, who was honest, straightforward and did everything promised to a high professional level.” 

Tony Evanson, Managing Director of Ocean Air UK Limited, commented:

“We have been delighted with the service we have received from FHP and in Particular Anthony, he was attentive to our needs and understood the speed at which we had to move.  As gas boilers are being phased out in favour of air source heat pumps it was imperative we increased our storage capability to keep up with demand, Anthony worked closely with us and expedited the whole transaction in a very timely manner something rare in these Covid times.” 

For further information on this transaction or the other sales/lettings completed in the Mansfield region please contact Anthony Barrowcliffe on 07557 972008 / anthony@fhp.co.uk.

The industrial and logistics sector continues to thrive as demand far outweighs supply across the East Midlands.  More locally this trend is witnessed between Derby and the neighbouring town of Burton on Trent which is connected via the A38 corridor.  The A38 corridor is a busy north/south connection between the M1 and M6 Motorway thus a popular location for mid to large sheds.  Existing stock levels are low due to unprecedented activity within the sector on both a leasehold and freehold basis.  Whilst new schemes are in motion, we are unlikely to see these delivered within the next 6 – 12 months.  Developers are trying to meet demand but there is an obvious time lag between deciding to speculatively develop and delivering buildings of 100,000ft²

Darran Severn of FHP Property Consultants comments:

“Despite the pandemic, stock levels have never really risen to anything more than a bare minimum and we are now at an all time low.  The market has since been extremely active.  We have disposed of almost all our existing stock between 1,000ft² and 30,000ft² completing over 30 deals within the last 9 months across the region.  We have seen a pleasing uplift in both rental and capital values.  Whilst we currently have a selection of stock available, we do require more.  We are speaking with occupiers on a day to day basis that require industrial/warehouse premises along the A38 corridor from 10,000ft² – 100,000ft² plus.”

Dan Mooney from FHP Property Consultants comments:

“We are pleased to have been recently instructed to market several land opportunities at Drakelow Business Park, which is located to the south of Burton.  We have seen excellent take up for land across the county within the last 4 months and are pleased to be taking frequent enquires for industrial/land in Burton on Trent from various occupiers including local businesses to those based within the wider East Midlands area.  In the past couple of weeks, we have put a ½ acre plot under offer with another ½ acre plot just about to go under offer in the coming weeks.  We still have further sites available up to 2½ acres, but I expect these will be taken shortly.  Whilst we only have sites available, I am speaking with numerous businesses seeking 1,000ft² – 10,000 ft² units but unfortunately have few opportunities to show them.”

Should you require any further information or wish to discuss any of the above in more detail, then please contact Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk or Dan Mooney on 07929 716330 / dan.mooney@fhp.co.uk.

ENDS

Darran Severn

12 October 2021

FHP Property Consultants are pleased to announce the recent letting of Units 1 & 2, Ecclesbourne Park, Cotes Park Industrial Estate, Alfreton to JPL Upholstery Limited.

Ecclesbourne Park is located on the Cotes Park Industrial Estate, a well established industrial and distribution location which is accessed directly off the A38.  The unit comprises an end terrace light industrial property providing clear span industrial/warehouse accommodation with parking/loading to the front.

The unit has been let on new lease terms for a period of 5 years.

Darran Severn from FHP Property Consultants comments:

“I am pleased this letting has completed, even more so that Ecclesbourne Park is now fully let.  Demand around Junction 28 of the M1 continues to rise as existing stock become more and more scarce.  As a result we have been able to push on rents by another 25p per sq ft, in turn increasing the investment value of the site.”

Should you require any further information on this letting then please contact Darran Severn of FHP Property Consultants on 07917 460 031 / darran@fhp.co.uk.

FHP are exceptionally pleased to announce that we have now let ten units at Quayside Court and have the last remaining two industrial units under offer, which means full capacity/occupancy has almost been achieved.

Alongside the standard 3-5-year lettings we have also managed to agree between three short term lettings on license agreements, two of which have been to television companies filming from the units with presenters such as Stacey Solomon and Nick Knowles.

New tenants to the site coming soon include an established dance school taking occupation of Unit 3 (above the Quayside Café) and Batfast, a global sports and entertainment business powered by world class technology, taking occupation of Unit 12.

Anthony Barrowcliffe of FHP Property Consultants commented:

“Sensible rents (£8 per sq ft) alongside a reasonable and fair service charge and excellent product is the reason I believe this scheme has flourished, as well as a landlord who is open to all types of occupiers and potential deals.  I am exceptionally confident the estate will be full by Christmas achieving 100% occupancy.” 

Nigel Rhodes of DL Rhodes & Sons, the landlord, commented:

“The interest generated by Anthony from FHP has been amazing, we will have 100% occupancy within the next month with the last two units in legals.  Even when we had a few empty units Anthony managed to get some short term lets to TV companies who were filming in the area.  I am really pleased with how quick Anthony has filled the units and also filled my two other units in Arnold.”

For further information on this transaction or to see how FHP can help you with any commercial property matter, please contact Anthony Barrowcliffe on 07557 972008 / anthony@fhp.co.uk.

Activity continues to shine in the industrial/warehouse sector as demand far outweighs current supply. This is evidenced by Unit 8 Prime Industrial Park, Derby which despite having considerably low eaves, has now been let. This clearly shows the confidence that many occupiers have in their business direction particularly given the previous year of lockdowns and economic uncertainty.

Prime Industrial Park is situated on Shaftesbury Street and just off Ormaston Road which provides important road connections into the city. The industrial park comprises 10 units ranging from 2,000ft² to 8,200 ft², with Unit 8 being one of the larger units measuring 8,156ft².

Unit 8 has been let on new lease terms to Arm Furniture Ltd for a period of 5 years. This letting follows the recent lettings of Unit 3, 4, 7 and 10 earlier this year, with the last remaining Unit 9 anticipated to complete by the end of October.

Dan Mooney of FHP Property Consultants commented:

“It’s fantastic to see the Unit 8 deal cross the line. Arm Furniture Ltd will be a great addition to the Industrial Park and are expected to use the unit for their growing furniture storage business. With Unit 9 next door currently under offer, this will see Prime Industrial Park reach full occupancy which is an excellent achievement for the team at FHP Property Consultants.”

If you are currently looking for industrial/warehouse accommodation in Derby, stock is increasingly limited so please get in touch to discuss your requirement.

For further information, please contact Dan Mooney on 07929 716 330 / dan.mooney@fhp.co.uk or Darran Severn (07917 460 031 / darran@fhp.co.uk).

Working with North West Leicestershire District Council since April 2020, FHP Property Consultants are pleased to announce their commercial property portfolio is fully occupied.  In the past year, the mix of office and industrial units across their portfolio has gone from 17 voids to fully occupied.

Chris Proctor, Associate Director at FHP Property Consultants, commented:

“It has been a pleasure working with North West Leicestershire District Council and a real success story taking this portfolio from 17 voids last year to a fully let portfolio. The past year has been a difficult period for businesses. NWLDC offer of flexible leases on small office and industrial space has been a fantastic support for many businesses. I look forward to continuing our partnership with North West Leicestershire District Council and continuing to help local businesses with their property requirements.

Stacey Harris, Property Officer at North West Leicestershire District Council, commented:

“We are delighted to have completed 17 lettings bringing new businesses and business expansion to the local area. We hope to continue supporting businesses through our partnership with FHP Property Consultants”.

North West Leicestershire District Council and FHP Property Consultants continue to receive enquiries and will look to work with local businesses to find suitable premises.  Please get in touch today if you are searching for your next property in the local area.

For further information on the deal or to discuss your property requirements in further detail, please do not hesitate to contact Chris Proctor of FHP Property Consultants on 07747 464 770 or email chris@fhp.co.uk.