The former BAS Castings site on Brookhill Road, Pinxton has recently been acquired by George Dutton Trading Limited.  The 2.84 acre site comprises a former foundry works with some 45,000 sq ft of dilapidated buildings suitable for redevelopment.

The development sits just 5 minutes from Junction 28 of the M1 motorway with excellent access to major arterial road links including the A38.

George Dutton have recently started the demolition works and within a couple of months the site will be cleared.  The initial plans are to develop the site to provide a new industrial/warehouse scheme under the name of Foundry Business Park.  The units will be available on a build to suit basis ranging in size from 3,500 sq ft to 40,000 sq ft.

The units will be available to purchase.

Darran Severn from FHP Property Consultants comments:

“We are delighted to be instructed to market Foundry Business Park.  It is increasingly difficult to find good quality warehouse units that are available to buy.  These opportunities should prove popular with local businesses who are looking to move from rented accommodation into their own.  The units will be delivered in shell specification with capped services ready to go and I look forward to speaking with all interested parties.

For further information or to discuss the opportunities at Foundry Business Park, Pinxton, then please contact Darran Severn on 07917 460 031 / darran@fhp.co.uk or Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk

Acting on behalf of long-term private clients, Ketlin Maeorg and Tim Gilbertson of FHP have completed the letting of a good quality warehouse unit in Kirkby in Ashfield.  The property benefits from a large yard with fenced and gated access.

Ketlin Maeorg commented:

“I am really pleased with the recent completion of Mill Lane and to have secured this letting for our client.  I believe this deal is a great result for all parties and I wish the new tenants the best of luck in the future.  There are not many properties of such nature currently on the market and it was an ideal fit for the new occupier and their business operations.

The level of enquiries the subject property produced proves the continuously high demand we have for good quality industrial units.  I look forward to new completions and welcoming new stock to the market.”

For more information on this deal or to see how FHP can help you, please contact Ketlin Maeorg on 07929 673 232 / ketlin@fhp.co.uk or Tim Gilbertson on 07887 787 893 / tim@fhp.co.uk.

Acting on behalf of long term investor clients, Tim Gilbertson of FHP has completed the letting of further good quality modern warehouse/production space on Sherwood Business Park.

Following on from the sale earlier this month of 60,000ft² of space also on Sherwood Park at Junction 27, a further 10,000ft² has now been let on behalf of different long term clients to an unnamed PLC occupier who were represented by Sam Pearson of Gerald Eve in the transaction.

Tim Gilbertson commented:

“The deal concluded was great for both parties, we have secured a Plc occupier who had been searching for some time for the ideal unit with craneage and their agent did a great job of agreeing terms on this deal.

Whilst for my client this was a perfect transaction as the former occupier of the building left one day before completion of the new lease and took a larger 15,000ft² unit adjoining.  Therefore, we had no void period creating continued income for our clients.

This is the second deal on Sherwood Park that we have completed for this particular client this year and coupled with the sale I completed on Sherwood Park a few weeks ago, we have transacted in three deals just under 100,000ft² on this excellent location just off Junction 27 of the M1 motorway.

Despite the undeniably less than robust economic conditions the country faces as a whole, these deals show again the strength of some of our East Midlands locations and the very limited stock that is available.  Hopefully more industrial and warehouse buildings will come to the market soon as stock is certainly required to meet demand.

Pleasingly, we should have another unit of circa 30,000ft² coming to the market on the estate in the next few months, one to be aware of for any occupiers seeking to take advantage of Sherwood Park and its proximity to Junction 27 of the M1 motorway.”

Sam Pearson of Gerald Eve commented:

“I am delighted to have secured this letting for my client, and believe the deal represents a fantastic agreement for all parties. Working alongside FHP, we were able to secure a tri-party agreement, effectively navigating challenges along the way to reach a successful completion.”

For more information on this deal or to see how FHP can help you, please contact Tim Gilbertson on 07887 787 893 or email tim@fhp.co.uk.

ENDS

18 September 2023

Marc Freeman, Development Director at Clowes Developments (UK) Ltd has appointed FHP Property Consultants as joint agents with Carter Jonas at Dove Valley Park in Foston, South Derbyshire.

Joint agents will be marketing design and build opportunities ranging from 24,000sq ft to 132,000sq ft on a leasehold or freehold basis at Dove Valley Park (DVP).

DVP has seen considerable investment and development over the years and is already home to established occupiers including Top Hat, JCB, Müller, Futaba Ltd and GXO.

Recently, international property investment and asset management company, Hines took ownership of a large 190,000sq ft industrial/distribution warehouse with ancillary office space, they subsequently committed to two more units at DVP.

Separately, DVP has also welcomed a large bottling plant to serve supermarket giant Lidl. Hailed as the “largest single investment in South Derbyshire since Toyota” the 50,000sq m water processing, bottling and distribution site is reportedly set to create hundreds of jobs, with a reported investment of more than £50 million.

Terninex Flexibles, part of OGM Holdings, have secured a purpose built 46,000sq ft, state of the art premises featuring production, warehousing and research and development facilities. The building, which is nearing practical completion, will include advanced sustainable energy systems to recover heat for re-use, and solar panels for generating power to operate the factory. OGM Holdings is aiming to create the most sustainable, low carbon footprint, flexible packaging factory in the UK.

Despite such heavy investments, there remains a limited number of design and build plots available on an all enquires basis. Planning consent has been granted by South Derbyshire District Council for buildings ranging in size from 24,000sq ft to 132,000sq ft.

Tim Gilbertson, Director at FHP Property Consultants commented,

“We are delighted to come on board with the marketing of Dove Valley Park with Carter Jonas and create further interest in this outstanding scheme. 

DVP is not your ‘run of the mill’ design and build site and our longstanding clients, Clowes Developments, are more than happy to both sell or rent bespoke buildings, creating opportunities for occupiers who can sometimes be frustrated at the lack of freehold purchase opportunities elsewhere in the region, particularly when we have availability of space from as little as 24,000sq ft up to 132,000sq ft.

Our aim here is to continue to raise the profile of this site further, not just amongst local occupiers who should be more than aware of the availability of opportunities here but further afield to occupiers throughout the East and West Midlands who can take advantage of the site’s attractive wage rates, fabulous location in the heart of the Midlands which provides access to over 48 million people within a 4 hour drive.  With site infrastructure and all main services installed and ready to go, I am sure that we will be able to create interest in opportunities both to buy and rent at DVP.”

Nick Waddington, Partner at Carter Jonas added,

“Following on from the conclusion of the successful deal with Hines to deliver three speculative units of 113,000sq ft – 196,000sq ft it is great to see that Clowes have also now successfully achieved detailed planning consent on the remaining plots at Dove Valley Park. These plots can deliver a range of unit sizes from 24,000sq ft – 132,000sq ft on either a lease hold or free hold design and build basis. We look forward to collaborating with FHP to bring further investment to the business park”.

Interested parties are invited to contact Tim Gilbertson of FHP on 07887 787 893 or email tim@fhp.co.uk

ENDS

Dove Way, Uttoxeter, will see the development of two new industrial and logistics units totalling 139,747ft², all to be delivered before the end of Q2 2024.

Positioned within direct access to the A50 linking to the M6, A38 and M1, Uttoxeter lies in a strategic location in the centre of the country providing excellent access to the north, south, east and west.

Dove Way will offer two new units from 34,455ft² to 107,822ft².  Each unit will benefit from an excellent specification including a glazed entranceway, 15% roof lights, floor slab load 50Kn/m², concrete delivery yard, 10/12 metre eaves and a mix of level and dock level loading doors.  It is anticipated that the units will achieve a BREEAM assessment of Excellent.

Both units will be available to purchase or lease.

Darran Severn of FHP Property Consultants comments:-

“What a fantastic opportunity this will be and I am excited to see the units take shape over the next few months.  Uttoxeter is an extremely accessible location which lies close to Derby, Stoke on Trent and Burton on Trent with excellent connectivity and labour. We are already in discussions with a couple of parties but we welcome all interest.” 

Phil Randle of Salloway Property Consultants comments:-

“It is wonderful to see these state-of-the-art units under construction and we’re very much looking forward to seeing the computer-generated images come to life.  We have a long-standing business relationship with PMW Property and like all of their developments because they are to such a high standard, we do not expect them to be on the market for very long.”

Matthew Wrigley of PMW Property comments:-

It’s great to see works finally commencing on site.  For PMW Property to be building speculatively in today’s market, shows the confidence that we have in the area and the buildings that we will be delivering.

It’s an area we haven’t built or purchased in previously, but we have property in a lot of the surrounding areas.  One of the main advantages to Dove Way are the excellent transport links from Uttoxeter and the surrounding areas.

We are looking forward to the completion of Dove Way in the not too distant future.”

Further information on the scheme will be released throughout the remainder of 2023 but for any industrial or distribution occupier seeking excellent accommodation in the region then please speak to Darran Severn (07917 40031 / darran@fhp.co.uk) or Tim Gilbertson (07887 787893 / tim@fhp.co.uk) at FHP Property Consultants and Phil Randle of Salloway (07970 293740 / phil@salloway.com).

ENDS

September 2023

On behalf of PMW Property, FHP Property Consultants are delighted to bring to the market Unit D Salcombe Court, Meadow Lane Industrial Estate, Alfreton, Derbyshire, DE55 7RG.

Forming part of the popular Meadow Lane Industrial Estate in Alfreton, Salcombe Court is well positioned for access to Junction 28 of the M1 motorway via the A38 and therefore having excellent access to the regional centres of Derby and Nottingham.

Unit D provides 19,860ft² of industrial/warehouse accommodation and benefits from 3 phase power, 2 electric roller shutter loading doors, LED lights and extensive parking with excellent delivery access.  Salcombe Court itself benefits from a gated entrance and shared yard.

The unit is available on new lease terms at a rent of £100,000 per annum.

Darran Severn of FHP Property Consultants comments:-

“There are not many opportunities to acquire good quality industrial/warehouse space for only £5.00 per ft².  The property presents very well and benefits from offices and a staff welfare block.  The landlord can even rack the unit out if required.

Please feel free to get in touch to discuss this opportunity.” 

Further information or to arrange a viewing, please contact Darran Severn on 07917 40 031 / darran@fhp.co.uk  or Tim Gilbertson on 07887 787 893 / tim@fhp.co.uk.

ENDS

September 2023

FHP Property Consultants are delighted to showcase a new letting opportunity at Ecclesbourne Park, Cotes Park Lane, Alfreton, Derbyshire, DE55 4RF.

Unit 13 Ecclesbourne Park is situated in Alfreton on the well-established Cotes Park Industrial Estate.  It comprises a 4,327ft² clear span industrial/warehouse unit with lighting, 3 phase power and concrete flooring.  The unit benefits from a full height roller shutter loading door with a large turning circle and generous car parking.

The property is well positioned with great transport links to the A38 and Junction 28 of the M1 motorway, approximately 2 miles east. The industrial estate is secured by full perimeter fencing.

This premises is available immediately on new lease terms at a rent of £31,371 per annum.

Harry Gamble of FHP Property Consultants comments: –

“This is a well maintained unit and is immediately available for occupation.  Given the location and lack of stock in this size range, I anticipate we will receive strong interest.  The unit would suit a number of uses from manufacturing, production or storage/distribution.  I look forward to speaking with interested parties.”

For further information or to arrange a viewing, please contact Darran Severn on 07917 460 031 / darran@fhp.co.uk or Harry Gamble on 07398 443 828 / harry.gamble@fhp.co.uk.

ENDS

August 2023

Acting on behalf of private investor clients, Tim Gilbertson director of FHP Property Consultants is delighted to confirm the sale of substantial warehouse space at Sherwood Park, Nottingham, J27 M1 to Parkside Steel which will facilitate their expansion and relocation from their current unit on the estate.

The building sits in a prime position just off Junction27 of the M1 motorway and offers an excellent mix of storage and production space with two storey offices augmented by extensive car parking and separate delivery yard.

The deal concluded sees the sale of just under 60,000ft² of space enabling Parkside Steel to expand and relocate as their business continues to grow.

Tim Gilbertson commented:

“I was delighted to see this sale go through on Sherwood Park which remains an attractive and sought after location just off Junction 27 of the M1 motorway. 

It was a pleasure to deal with our purchasers, Jack Audley of Parkside Steel throughout and as ever it is good to see a local company growing and expanding. 

Equally, my vendor clients were delighted with the disposal in a deal where both parties behaved impeccably and despite having some hurdles to cross with the sale, both did their utmost to achieve a common goal of a transaction in the simplest manner. 

Thank you to my clients for this instruction and I wish Parkside Steel well. 

Once again, this sale highlights the very limited number of opportunities to buy that are on the market in the industrial and warehousing sectors in the East Midlands and it would be great to have more opportunities like this to put to the market.  I would delighted to discuss with any potential new clients as whilst demand for space may have reduced slightly compared with the heady days of early 2022, we still are seeing good demand across all sizes and sectors of the market and limited supply for both freehold and leasehold space.” 

Jack Audley of Parkside Steel commented:

“Parkside Steel has been based on Sherwood Park since 2006 and with our continued growth it became clear that space was going to be our biggest hurdle. Byron House presented the perfect solution and will allow us to keep up with customer demand as we expand into other markets. Opportunities like this don’t come around often, especially for privately owned family businesses such as ours, so our thanks go to Tim Gilbertson at FHP for his help in reaching a deal both parties were happy with. Our aim is to be the market leader in steel supply and processing and Byron House means we have a clear roadmap to making that happen.”

For further details on this transaction or to see how FHP could help you with any commercial property matter, then please  contact Tim Gilbertson on 07887 787 893 or email tim@fhp.co.uk.

ENDS

Tim Gilbertson

29 August 2023

Scientific Laboratory Supplies (SLS) has agreed a long-term lease with Clowes Developments for a purpose-built 56,000 sq ft property at the brand-new Fairham Business Park. The unit has recently achieved practical completion by lead contractor, TanRo, and the keys have been handed over to the client. SLS’s fit-out contractors are currently on site, completing the necessary works with the aim of being fully operational at the start of 2024.

SLS first began trading in 1991 and has since grown to become the UK’s largest independent supplier of laboratory equipment, chemicals and consumables. Having outgrown their headquarters in neighbouring town, Wilford, SLS wanted to remain local but make the move to a purpose-built facility.

The 56,000 sq ft building located on ‘plot A’ at Fairham Business Park sits prominently close to the entrance to the business park and has direct access to the A453 via Mill Hill Island. SLS’s bespoke unit will span 56,000 sq ft in total, incorporating approximately 12,000 sq ft of office space. There’s a large, secure yard with two loading docks and two-level loading doors to assist with their distribution and logistics requirements.

On a particularly wet and muddy Tuesday afternoon at the start of November last year, members of SLS’s leadership team met with Clowes Developments’ Development Director, James Richards and his team of professional advisors to officially ‘cut the sod’ and start construction.  Now, eight months on, SLS is setting up their unit, ready for operations.

Tim Gilbertson, Director at FHP Property Consultants negotiated the deal with SLS and Clowes Developments, he commented,

“It is a pleasure to see SLS choose Fairham for their relocation. Having worked with SLS many times over the years, I have seen first-hand the success of their business. I remember vividly my first conversation with them regarding Fairham and how, once they had seen the location of the site, enthused they were, which is why we have interest not only from SLS but so many other companies at present and are speculatively developing stock. They, like so many others, have been blown away by the connectivity of the site being outside of Nottingham’s Workplace Parking Levy but benefiting from a location that provides access to a dual carriageway link to the M1 motorway and Nottingham City Centre whilst having bus and tram stops and park & ride scheme next door to the site and being within spitting distance of East Midlands Parkway Station and of course East Midlands Airport. 

It is a delight to see the way in which we have moved that first conversation through to reality and I look forward to seeing SLS grow still further at Fairham Business Park.”

James Richards, Director at Clowes Developments added,

“It’s been a long time coming, but finally, Fairham is really starting to take shape. SLS will occupy the fourth unit to be built at Fairham Business Park and we are thrilled to have them on board. Fairham will become a place like no other, a combination of one million square foot of commercial development connected to a residential scheme for 3,000 brand new homes and a neighbourhood centre at the core knitting Fairham together as one. We look forward to announcing more businesses choosing to make Fairham Business Park their home over the next few months.”

Further information regarding site wide activity and latest news can be found at www.fairhamlife.co.uk. Parties interested to learn more about the commercial opportunities at Fairham Business Park are invited to contact the site’s agent, FHP Property Consultants.

New roof and cladding is only the start of this refurbishment!  These two warehouse units are situated within close proximity of Derby City Centre on Cotton Brook Road within the Sir Francis Ley Industrial Park and comprises 6,500ft² each.  Both the A38 and A50 trunk roads are approximately 4 miles to the south and the M1 only being 10 miles to the east of Cotton Brook Road.

Both units are currently undergoing a comprehensive refurbishment to include a new roof, cladding, loading doors, windows, lighting and fully refurbished offices.   They will also benefit from a secure gated shared yard.

Each unit is available to purchase at a price of £650,000 plus VAT.

Jamie Gilbertson and Harry Gamble of FHP Property Consultants comment:

“Due to a lack of freehold properties in Derby and Derbyshire these units have already generated a good level of interest.  The refurbishment works are due to complete in October and its only a matter of time before they get snapped up.  Please feel free to get in touch with us if you would any further information.” 

For further information or to arrange a viewing, please contact Jamie Gilbertson or Harry Gamble on jamie.gilbertson@fhp.co.uk / harry.gamble@fhp.co.uk

ENDS

August 2023

There continues to be a shortage of good quality modern industrial/warehouse space in Burton upon Trent which is evident in this latest deal completed by FHP Property Consultants.  On behalf of private clients, Unit 7 Stretton Business Park, Brunel Drive, Burton upon Trent has been let on a new 5 year deal.

The unit is located within the first phase of Stretton Business Park, an established industrial estate situated approximately 1.5 miles north of Burton upon Trent.  The property comprises a 5,082ft² industrial/warehouse unit benefitting from a comprehensive fit out including offices, kitchen and W/C.

The property has been let on new lease terms at a rent breaking back to £7.60 per ft².

Darran Severn of FHP Property Consultants comments;

“What a excellent unit this is and it has been great to secure an established tenant for our client.  The main benefit of this unit is its proximity to both the A38 and Burton upon Trent.  That coupled with modern accommodation has enabled us to agree a strong rent with minimal incentives.

We received several offers on this unit and as a result there are some good businesses still searching for space.  I would certainly be interested to hear from any other landlords who own similar units to this.”

For further information on this letting, please contact Darran Severn on 07917 460 031 or Darran@fhp.co.uk.

ENDS

August 2023

On behalf of private clients, FHP Property Consultants are delighted to announce the letting of Romney Unit 95 West Hallam Industrial Estate, Ilkeston.  The unit is situated on the popular West Hallam Industrial Estate which covers 118 acres and includes 113 buildings totalling 1,280,000ft².  The site is fully secured with CCTV and full perimeter fencing and benefits from 24/7 security incorporating a gate house at the site entrance. The site is somewhat unique as it offers new build industrial units, to parcels of land and cost-effective industrial units such as the Romney units. The unit itself has concrete flooring with strip lighting and make for the ideal storage unit.  The property extends to a total of 3,425ft².

On site we currently have Romney units that are 6,851 ft² or 3,425ft² which are available on flexible lease terms.

Corbin Archer of FHP Property Consultants comments:

“I am happy to have recently completed the letting of the above property and I wish the new tenant the best of luck in the future.  There are still more Romney units available at West Hallam Industrial Estate which break back to a rent of £3.35 per square foot.  If you are interested in renting a unit on the estate, please do not hesitate to contact me on the details below”.

Corbin Archer telephone number 07929 716 330 or email corbin.archer@fhp.co.uk

ENDS

Corbin Archer

August 2023

In July 2023 I joined FHP’s Derby Office where I work on industrial, office and retail instructions across the region. I am currently in my second year of a Degree Apprenticeship in Real Estate at Nottingham Trent University, intending to graduate and qualify as a Chartered Surveyor. FHP will provide me with hands-on experience that will benefit my learning and development in my career in property.

Despite the ongoing economic uncertainty, the FHP Industrial and Logistics Team have, in the first two quarters of 2023, handled the sale/letting/acquisition of 991,084ft² in 54 transactions.

The pandemic led to an exponential surge in demand across all size sectors with record levels of take up having been recorded across the UK during 2020 and 2021.

The events which unfolded during 2022 with both Russia’s invasion of Ukraine and the onshore volatility within the financial markets with a series of interest rates and the cost-of-living crisis has led to all companies being prudent in their business making decisions.

Nevertheless, we are still seeing an imbalance between supply and demand and we are, in the majority of locations, still finding that we have more enquiries than available stock within the smaller size ranges in particular.

The speculative development supply pipeline has slowed down – developers are finding it difficult to reconcile the uncertainty within the market with increased build costs and investor’s nervousness, but we have been very fortunate at FHP in handling a speculative development pipeline of nearly 2 million square feet where practical completion on those units was taken from the summer of last year.

We have seen a good take up and demand within the smaller to mid-sized speculative schemes undertaken by Chancerygate at Trent Gateway in Nottingham, by Roe Developments at Clay Cross and by Urban Logistics Reit who funded Wilson Bowden Developments units in Nottingham, Castle Donington, and Leicester.

Acting on behalf of Rotherhill Developments, we have also seen a 125,000ft² scheme at Rothley in Leicester reach practical completion – the two units were pre let to EM Pharma and FHP successfully introduced funding from London Metric to enable this scheme to be delivered.

In the larger size range, Panattoni have recently practically completed on two units of 230,000ft² and 345,000ft² at J28.  NFU completed on units at J24 and J28 totalling 775,000ft² in units of 134,000ft² up to 343,000ft² in size with NFU selling the two units at Castlewood, J28 to GLP – a 134,000ft² unit being let and discussions ongoing on the remaining space.  We have also let a 101,000ft² industrial unit at Fairham Business Park in Clifton.

Our message in the market is quite simple – from a property perspective we are still seeing continued demand in most sectors and we would welcome the opportunity of speaking to any businesses/developers about your property thoughts.  As a business, if you are thinking of a move then in most cases whilst the market is a little bit more pragmatic than previous there is still adequate demand to support a business case relocation within the short to medium term.

For further information please feel free to contact one of the team.

ENDS

July 2023

FHP Property Consultants are delighted to confirm the availability of Unit 36 Longbridge Lane which comprises 2,974ft² of industrial/office accommodation. Internally the property benefits from clear span warehouse accommodation on the ground floor with a reception room, office, kitchen and W/C.  The first floor comprises of three offices rooms accessed via a hallway and a small kitchenette and W/C.

The property is situated within the established Ascot Business Park Industrial Estate on the east side of the city and is accessed via Longbridge Lane off Ascot Drive.  Ascot Drive is a very busy arterial road which is home to numerous trade counter operators.  The unit is available on new lease terms for a rent of £26,000 per annum.

Corbin Archer of FHP Property Consultants comments:

“This is a great opportunity to acquire a hybrid industrial unit that comes with a large amount of office accommodation and is well connected to main arterial roads.  There is not a lot of stock available in the area as it is a very popular estate among industrial occupiers.  I look forward to speaking with interested parties.”

For further information or to arrange a viewing, please contact Corbin Archer on 07929 716 330 or corbin.archer@fhp.co.uk.

ENDS

July 2023

Amber Business Centre is a popular and well established distribution and manufacturing estate located in Riddings, Derbyshire.  The estate is easily accessible to the A38 and A610 dual carriageways and thereby Junction 26, 27 and 28 of the M1.

Block 19 comprises a detached industrial/warehouse unit providing clear span accommodation with offices, kitchen and W/facilities.  The premises benefit from two level access roller shutter loading doors and a securely fenced yard to the front and rear.

The unit has just undergone a refurbishment and is immediately available for occupation on new lease terms at a rent of £6.00ft^2.

Darran Severn of FHP Property Consultants comments:

“The refurbishment works are now complete and this has truly transformed the unit. This is an excellent opportunity for any business looking for space around Junction 28 of the M1 motorway and more importantly the refurbishment works will ensure the building is hassle free for the duration of the lease. 

There are a number of smaller units available on the estate so please feel free to get in touch if this one is too large.  I look forward to speaking with all interested parties.”

For further information or to arrange a viewing, please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

June 2023

On behalf of private clients, FHP Property Consultants are delighted to announce the letting of Unit 5 Prime Industrial Park, Derby.

The unit is situated on Prime Industrial Park and is situated fronting Shaftesbury Street on the A514 Osmaston Road, a main arterial road which connects the inner and outer ring roads to the south of the city.  The premises comprises a good quality light industrial/warehouse unit with roller shutter loading door accessed from the courtyard.  The property extends to a total of 3,814ft² .

Corbin Archer comments:

“I am happy to have let the above property and  I wish the new tenant the best of luck in the future.  Small sized units like this are still available including Unit 7 Prime Industrial Park which is just two doors down on the same estate. We also have two more in Derby city centre that are available. If you are interested in having a small industrial unit of your own please contact me on the information below.”

For further information regarding this letting or further available, please get in touch on 07929 716 330 / corbin.archer@fhp.co.uk .

ENDS

June 2023

Drakelow Business Park is a multi-let industrial estate comprising industrial/warehouse accommodation and hard surfaced storage land.  FHP Property Consultants are delighted to confirm the availability of Block 3.2 which comprises 33,279ft²  of industrial/warehouse accommodation.

The business park is situated on Walton Road in South Derbyshire, approximately 2 miles south of Burton upon Trent.  The unit is available on new lease terms for a minimum period of 12 months at a rent breaking back to £4.00 per ft².

Darran Severn of FHP Property Consultants comments:

“This is a great opportunity to acquire short term cost effective warehouse space that is well connected to the A38, A50, M1 and M6.  Not only that, but Drakelow Business Park benefits from 24 hour security with a gatehouse entrance.  The unit could suit a variety of uses including storage and distribution, production or manufacturing.  There is still not a lot of stock available in the immediate area and I look forward to speaking with all interested parties.

In addition, we have several smaller units available (3,000ft² – 12,000ft²) at Drakelow Business Park and hardstanding land from 1 – 2 acres.  I would be more than happy to share further information on these if you would like to get in touch with us.”

For further information or to arrange a viewing then please contact Darran Severn on 07917 460 031 / darran@fhp.co.uk or Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk.

ENDS

June 2023

FHP Property Consultants are delighted to have sold and let 2b Aspen Business Park, Spondon, Derby, DE21 7SG, a warehouse/industrial unit located just off the A52 with easy links to the M1 motorway at Junction 25 which is approximately 4 miles east of Derby city centre.

The building comprises of an end terraced unit which provides good quality office space with ancillary storage.  The property benefits from parking at the front and an onsite storage area. The specification includes suspended ceilings with lighting, air conditioning, full height roller shutter door and 3 phase power.

Corbin Archer of FHP Property Consultants comments:

“It feels great to have completed my first double header.  Selling the unit to an investor and then subsequently letting the unit with completion being on the same day.  This property had strong interest from the get-go, and we had it under offer within a matter of weeks and even then, I still received calls from occupiers wanting to take the unit.

There is still a general lack of good quality warehouse units available on a freehold basis hence the strong demand but even on a leasehold basis we had lots of interest meaning we were able to find a tenant quickly.”

To discuss any of your property needs, please do give me a call on 07929 716330 or email corbin.archer@fhp.co.uk.

ENDS

June 2023

On behalf of private clients, FHP Property Consultants are delighted to offer to market the freehold interest of Unit B Salcombe Court, Alfreton, Derbyshire, DE55 7EG.

Salcombe Court is situated on Meadow Lane Industrial Estate in Alfreton and benefits from quick access to the A38 and Junction 28 of the M1 motorway.

The property provides industrial/warehouse space set on a securely fenced and gated site.  The accommodation extends to approximately 16,674ft² and is available to purchase at a guide price of £1.35 million.

Darran Severn of FHP Property Consultants comments:

“This is an excellent opportunity to purchase an industrial/warehouse unit that is within a short drive of Junction 28 of the M1 motorway.  The space would suit any expanding production or distribution company and benefits from good loading facilities via a shared yard.  Alternatively it could suit an investor looking to add to their portfolio.

There is still a general lack of good quality warehouse units available on a freehold basis and I don’t think this unit will be available for long.  Please get in touch for more details.”

Should you require any further information or wish to arrange a viewing then please contact Darran Severn on 07917 460 031 or darran@fhp.co.uk.

ENDS

June 2023

On behalf of private clients, FHP Property Consultants are pleased to bring to the market a rare leasehold opportunity at Mill Lane, Kirkby in Ashfield, Nottinghamshire, NG17 9LE.

The industrial warehouse unit is located in the Park Lane Industrial Estate, which is conveniently situated just off the A38, offering quick access to Junctions 27 and 28 of the M1 motorway.

The property comprises a 3,921ft² warehouse building and an additional 283ft² portable cabin.  The unit benefits from a large yard space with fenced and gated access.  Currently being refurbished, the property will be available on a new lease at a rent of £40,000 per annum.

Ketlin Mäeorg of FHP Property Consultants commented:

“This is a unique opportunity as there are not many similar properties currently on the market.  The site could suit a variety of uses such as potential storage or production.  Activity in the industrial sector remains high and I am expecting the subject property to be in great demand due to the location and the additional large secure yard.  I look forward to working on this and speaking to any interested parties.”

For further information on the property or to arrange a viewing, please contact Ketlin Mäeorg on 07929 673 232 / ketlin@fhp.co.uk or Tim Gilbertson on 07887 787 893 / tim@fhp.co.uk.

ENDS

Ketlin Mäeorg

15 June 2023

The final deals at Rotherhill Developments’ Crosslink 646 scheme just south of Loughborough and north of the A46 at Junction 21a of the M1 motorway have been completed which sees EM Pharma Limited take two further buildings totalling well over 100,000ft².

This brings to an end this very successful development and EM Pharma will join BPX and Selective Marketplace as occupiers on the site.

Occupying a prime position just off the A6 at Rothley, south of Loughborough and just north of the A46 and Junction 21a of the M1, the scheme has been a resounding success for Rotherhill Developments with these final two deals taking the floor area developed to circa 250,000ft².

Paul Bagshaw of Rotherhill Developments commented:

“Following the successful funding of the final units by London and Metric we are delighted to complete the pre-let and spec unit for  EM Pharma and Day Lewis PLC respectively.”

The scheme has been marketed from its inception by Mike Allwood of Andrew & Ashwell and Tim Gilbertson of FHP Property Consultants and they commented:

“Completing the letting of the final plot to EM Pharma further demonstrates the continued demand within Leicestershire for well located distribution units. The scheme attracted strong occupier interest from Day 1 and has ultimately enabled three established businesses to expand and remain locally.”

Tim Gilbertson added:

“What a great scheme this has been and a pleasure to deal with from start to finish!  Having helped Rotherhill purchase the site initially, we were then retained alongside Mike of Andrew & Ashwell to find local occupiers and I am pleased to say that this has been very successfully concluded with the final units now let to another expanding local business to join BPX and Selective Marketplace on site.

The four units built benefit from a fabulous location, within moments access of Loughborough but also the M1 and indeed Leicester and it’s no surprise given the location and the quality of build that we managed to secure such a strong list of occupiers.

It has been a pleasure dealing with all at Rotherhill over the last couple of years and the success of this scheme shows again how more land and more development opportunities are needed throughout Leicestershire and the wider M1 Corridor in the East Midlands.”

For full details of the latest deal, please contact either Tim Gilbertson at FHP Property Consultants (07887 787 893 / tim@fhp.co.uk) or Mike Allwood at Andrew and Ashwell (07969 149 386 / mra@andash.co.uk).

ENDS

Tim Gilbertson

Director

6 June 2023

Corbin Archer – one of our graduate surveyors – wrote this article sharing his varied week in the life as surveyor ranging from a trip to London for an all-day event to onsite inspections and assisting with professional work.

What I most enjoy about working here at FHP is the wide range of experience I am getting, in any given week. I predominately focus on office and industrial agency however I also assist on retail agency and professional work from valuation reports to lease renewals. When I first started I had assumed that I would only focus on one department however I have been able to help out in different departments which has helped me gain a lot more experience than I had originally expected.

Monday

A usual Monday morning at FHP consists of getting to the office early opening up and setting up our 8:30am Office and Industrial Meeting in the Nottingham office. Within the meeting we run through the enquiries we had for the week, any deals that have completed or any property that we have put under offer. We then usually discuss the current market conditions and how we can push the FHP brand further.

Following this, it’s a quick trip across the A52 to the Derby Office, where I am based. On this particular Monday I was immediately out on an inspection of an office on Pride Park. A usual inspection of an office includes measuring the property using NIA, noting the external and internal conditions of the property and taking lots of photos. Then it is immediately back to the office to write a market appraisal, calculating the values of the office if we were to bring it to market and what our fees would be to do so. Usually, lunch consists of eating a sandwich while still working especially during busy periods. In the afternoon I walked into Derby City Centre to do a couple of retail viewings and then back to the office to catch up on emails.

Tuesday

Today was a trip down to London for an all-day retail event, Completely Retail. We caught the early train down and arrived at Old Billingsgate Market, where the event was being held. FHP had a stand so I would often go and speak to various individuals and network and then ‘return to base’ for a coffee break when my social battery was running low. It was a great experience, getting to speak to national occupiers and surveyors from all over the UK. I particularly enjoyed when the bar opened at 4pm!

Wednesday

The morning consisted of drafting a valuation report on an Office in Derby. I gathered comparable evidence, assessed all the due diligence and placed market values on the freehold with vacant possession and market rent of the subject property. The afternoon I also assisted on a rent review for a retail unit in Derby by going to inspect the unit and measure and zone the property which I then reported back and began looking for rental values on the same street.

Thursday

On this particular Thursday we had two meetings scheduled, the first being the APC meeting which helps prepare us for the trials and tribulations of becoming chartered. I was to answer/ present 5 typical questions that the interviewers might ask about ethical standards and how to identify the difference between a bribe and a gift. Then two hours later we had our monthly Derby office meeting where we discuss all things Derby and review what we have done in the past month. The afternoon consisted of more viewings and a whole lot of emails. In the evening it was the RICS Matrics Nottingham event which starts at the Castle Pub straight after work and ends eating great curry.

Friday

I make it my first priority on a Friday to contact all the clients giving them a weekly update of any interest we might have had or offers that have come in – if I haven’t already. I also usually leave all my ‘admin’ jobs for a Friday. I spend a lot of the day on Excel making note of occupiers on various estates so we can direct mail to the correct address. It is also the day that I do press releases such as this one and create the word document for any updates from the surveyors for our Monday morning meetings.

To discuss any of your property needs, we do far more than just sell and let property. Please do give me a call on 07929 716330 to get in touch.

ENDS

June 2023

On behalf of private clients, FHP Property Consultants are pleased to bring to the market a rare freehold opportunity at Primrose Business Park, Whites Lane, Blackwell, Derbyshire, DE55 5GZ.

Primrose Business Park comprises two detached commercial buildings on a 2.80 acre site and is located in Blackwell, Derbyshire, approximately 3 miles from Junction 28 of the M1 Motorway.  The site is split 50/50 between general industrial land and grassland.  The accommodation comprises a 2,444ft² office building and a 3,726ft² industrial/warehouse unit.

The freehold is available with vacant possession at a guide price of £625,000.

Darran Severn of FHP Property Consultants commented:

“This is a rare opportunity to purchase a substantial site close to the M1 Motorway (J28).  The buildings in situ offer a good mix of office and industrial accommodation benefiting from large areas of hard standing land. The site has most recently been used for storage of plant and machinery but could suit a variety of uses.  I suspect the majority of enquiries will be from local businesses looking to occupy the site themselves, however the site could lend its self to redevelopment.  I look forward to speaking with any interested parties.”    

For further information or to arrange a viewing, then please contact Darran Severn on 07917 460031 / darran@fhp.co.uk or Jamie Gilbertson on 07398 443 828 /  jamie.gilbertson@fhp.co.uk.

On behalf of private clients, FHP Property Consultants are delighted to bring to the market Unit 18 Dunton Close, West Meadows Industrial Estate, Derby, DE21 6XB.

The Industrial/warehouse unit is located on the popular West Meadows Industrial Estate which is conveniently situated off the A52 at Pentagon Island.  This location provides great access to Derby City Centre and to the wider East Midlands.

The property comprises a modern mid terraced industrial/warehouse unit with integral office, WC, Kitchen, and storeroom. The unit provides clear span storage accommodation with up and over loading door and allocated parking to the front of the unit.

The property measures 2,389ft² and is available on new lease terms at a rent of £20,500 per annum.

Jamie Gilbertson of FHP Property Consultants comments:

“This is an extremely rare opportunity to lease a small unit of this nature, and I believe this property will be in high demand due to the size and location.  I look forward to speaking with all interested parties. 

For further Information on the property or to arrange a viewing, please contact Jamie Gilbertson on 07398 443828/ jamie.gilbertson@FHP.co.uk or Corbin Archer on 07929 716330/corbin.archer@fhp.co.uk.

Following the relocation of their Birmingham distribution centre last year to a new facility of just under 40,000ft², Tim Gilbertson Director at FHP Property Consultants is pleased to confirm the acquisition of a further 30,000ft² of prime new build warehouse space in Bristol to aid Falcon Timber’s expansion and business growth throughout the country.

Aided throughout the acquisition by Graham Collier of Mills & Reeve and Simon Molsom of Gaskell Associates, the trio of trusted advisers have completed this further acquisition for Falcon dealing respectively with commercial terms, legal terms and building specification and compliance between them.

This is the latest in a string of acquisitions on behalf of Falcon over the last five or six years which sees their expansion countrywide as Managing Director – Distribution and Product Group Steve Whysall explained:

“Falcon Timber has been servicing customers in the South West for many years, mainly through our depots in High Wycombe and Birmingham. To truly offer existing and prospective customers the service levels and range of product expected from a Falcon Timber customer, a permanent presence in this part of the country was required.

The site that Tim found was perfect and as an out of the ground project, it has allowed some bespoke modification that will aid our nationwide distribution model. The support and management from the whole acquisition team has been first rate and highly welcomed during this exciting step of Falcon Timber’s growth”.

Initially tasked with the job of searching for and highlighting potential new bases in the South West, Tim Gilbertson of FHP commented:

“It was great to complete a further acquisition for Falcon as we followed a well-trod path as this is the seventh acquisition as a team we have completed for them in the last few years.  It’s great to see this business expand and grow again and I am particularly pleased with this location given the real lack of stock and opportunities in Bristol.

Nothing was available on the market which suited us but by approaching developers and investors throughout the region we were able to source an off-market opportunity and be the first occupier on this prime site in exactly our client’s preferred part of the region.

Negotiations with the developer and their agents were swift enabling us to instruct solicitors quickly and start liaison with Graham Collier at Mills & Reeve to see a lease agreed and push the deal over the line”.

Acting on behalf of Falcon Timber yet again was Graham Collier of Mills & Reeve who commented:

“As always it has been great to work with the team at Falcon in order to deliver a new site for their expanding network with this new build site in Bristol.  It is an exciting time for the business as they look to grow their regional presence, and it has been great to advise them, alongside my colleagues Danielle Hudson, Emily Revel and Barry Herholdt, on the next phase of that with their second acquisition in the past twelve months.”

Throughout the build period, Simon Molsom of Gaskell Associates acted on behalf of Falcon to ensure that the agreed specification for the property was delivered to our client’s exact specifications and on time and again in conjunction with both Graham and Tim, Simon oversaw this matter through to practical completion of the building and the keys being handed over to Falcon.

Once again, the advisers wish Falcon well in their expansion and hope very much that there will be a further need for additional space elsewhere in the country in the coming months.

For further information on the transaction or to discuss your property requirements, please contact Tim Gilbertson on  07887 787 893 or email tim@fhp.co.uk.

ENDS

Tim Gilbertson

25 May 2023

FHP are pleased to bring to market a rare freehold opportunity within West Bridgford on Rectory Road within minutes’ walk of the town centre which offers a plethora of amenities including shops, bars, restaurants and cafes. The unit comprises 1,036ft² of office cellular accommodation situated across three floors with an additional useable basement area. The property also benefits from 6 designated car parking spaces with shared access to the left of the unit.

Rectory Road consists of residential and a variety of mixed office occupiers such as lawyers, accountants and estate agents making it suitable for both residential redevelopment or commercial offices for a local investor / owner occupier. West Bridgford lies 3 miles south east of Nottingham City Centre within minutes’ access of the A60, one of Nottingham’s main arterial routes.

Amy Howard, Graduate Surveyor at FHP Property Consultants, commented:

“My client previously had this on the market for leasehold purposes and has now decided to explore the freehold market which I imagine will lead to a strong level of enquiries. Small office freehold options always present well within the West Bridgford market and we have recently completed the sale of The Coach House on North Road where we exceeded our expectations on the freehold figure. I am confident in securing my client an attractive offer on 23 Rectory Road and look forward to working on this.”

If you would like any further information, please feel free to contact me on 07887 787894 or you can email me at amy.howard@fhp.co.uk

ENDS

Amy Howard

18 May 2023

FHP Property Consultants are pleased to report that so far this year we have seen a good level of activity within the industrial/warehouse sector.  Despite the economic uncertainty we faced towards the end of last year, enquiries have remained constant and offers are still being presented.  As a result, capital and rental values remain strong.  Stock levels under 10,000ft² in Derby are currently very low and the properties we do have on the market are quickly being placed under offer.

We are regularly receiving good quality enquiries from local businesses who are looking to move into their first warehouse or expand into a larger premises as a result of growth.  The problem being, we have few industrial/warehouse units available to match these enquiries.  This is evident in both Derby and across Derbyshire.  We are therefore seeking more stock to satisfy this demand.

Jamie Gilbertson of FHP Property Consultants comments:

“There is generally a lack of small industrial/warehouse opportunities on the market as a result of good activity over the past 12+ months and due to a limited supply.  Whilst there are a number of new build schemes coming through such as one we have at Clay Cross, these are being sold/let prior to practical completion which shows the strength of the market.  I’d be more than happy to speak with anyone who is contemplating letting or selling their warehouse or any business that is looking to relocate across Derby and Derbyshire.”

Should you require any further information the please do not hesitate to contact me on 07398 443 828 / Jamie.gilbertson@fhp.co.uk.

ENDS

May 2023

Despite economic uncertainty at the end of last year and a reduced appetite from investors, the FHP industrial team has managed to deal 625,664ft² in the first quarter of 2023 with 24 properties either completed or under offer, showing that the East Midlands industrial market remains resilient to the economic changes the country has faced recently as deals are still being done and activity remains high.

This trend is in line with current market conditions. The industrial/logistics market at present has returned to pre-pandemic levels as the warehouse ‘space race’ has ended and a more settled and balanced market has risen.  Activity in Q1 has been down on the first quarters of the last two or three years, reflecting economic uncertainty and the general cost of living issue, with Q1 of 2023 also seeing lower investment volumes than in recent times.  However we are now seeing an upturn in activity and as the year progresses, hopefully as economic conditions improve, we will see this trend accelerate as investors are starting to come back into the market.

There still remains an imbalance between supply and demand and whilst some speculatively built space is still in situ and not occupied, there are numerous conversations going on in the background and there is a real lack of good quality or even mid-range second-hand space available across all areas of our East Midlands patch.  Freeholds are virtually impossible to find still and we regularly see occurrences where when they do become available, we generate interest quickly leading to best bids scenarios.

We are seeing a reduction in speculative development of warehouse and manufacturing space primarily due to the lack of opportunities as land and development possibilities remain in short supply.  Whilst demand has dropped, the supply of the next phase of speculative industrial and distribution space throughout the region is a concern.  We are already turning our sights towards trying to unearth new development opportunities for clients given the confidence we have that the market will return shortly.  From proposals that we have submitted to potential occupiers on speculatively built units, we have to have regard to where the next phase of development will come from and more sites throughout the East Midlands need opening up to meet what we know is strong latent demand.

ENDS

May 2023

FHP Property Consultants are delighted to bring to market a number of storage units situated at West Hallam Industrial Estate, West Hallam, Ilkeston, DE7 6HE.  West Hallam Industrial Estate is a well-established industrial estate and sits within a 15 minute drive of J25 and J26 of the M1 motorway.

The estate benefits from 24 hour security with a gatehouse entrance.  The units themselves are very basic, but provide clear span accommodation ideal for storage of goods, vehicles or materials. There are a number of units available ranging in size from 318m² (3,425ft²) to 636m² (6,851ft²).  Rents range between £2.75ft² and £3.00ft² dependant on size.

Jamie Gilbertson and Corbin Archer of FHP Property Consultants comment:

“We are delighted to offer these units to market.  There’s not a lot, if anything on the market at present where you can get secure storage accommodation for under £3.00ft².  These units will suit a number of uses and we expect them to appeal to local individuals or small businesses that are looking for cost effective storage space.   As a result we already have a couple of viewings lined up and I suspect these will not hang around for long.

If you are looking for something slightly larger, we also have three new 12,000ft² units at West Hallam which practically complete in May and are available for immediate occupation.   Rents on these units are £6.00ft² which is still economical given these are new units”.   

For further information or to arrange a viewing, then please contact Jamie Gilbertson on 07398 443 828 /  jamie.gilbertson@fhp.co.uk or Corbin Archer on 07929 716 330 / corbin.archer@fhp.co.uk

ENDS

May 2023