FHP AND FHPLIVING have been instructed to market a 1.5 acre Residential Development site on Melton Road in Edwalton.

David Hargreaves said the site had planning for a truly stunning mansion of 24,000 sq ft but also has consent for a development of 4 large Executive Homes.

Jules Hunt of FHP Living said: “the approach off Melton Road up a tree lined drive is beautiful, whilst the cleared site has so much potential.”

Hargreaves said: “if we don’t find the buyer who wants to build the “mega house” that would be worth £10m+ when finished I could see a High Net Worth Family building 3 or 4 houses for the whole family here in a secure private setting accessed off a long private drive, but within easy access of all that West Bridgford has to offer. I could also see a top end luxury Boutique apartment scheme of say 10 Apartments of 2,000 sq ft each with its own Health & Fitness facilities and secure parking that would sell at £500/sq ft probably to “Downsizers” already living locally.”

The guide price for the site is £3,500,000.

ENDS

Contact David Hargreaves – 07876 396003

25 September 2024

After spending my placement year in the Retail and Leisure Team at FHP in 2019, I graduated from Sheffield Hallam University with a 2:1 BSc (Hons) in Real Estate with my Dissertation focused on whether the Nottingham student accommodation market was going to become over supplied. After graduating I did a Ski season in Canada to become an instructor and then spent a year in the Student Lettings and Management Team at FHP Student Living. I also gained experience at Sladen Estates in their development department.

FHP working closely with sister company FHP Living Limited, have completed the sale of a development site on Melton Road in Edwalton, for housing on behalf of a private client.

David Hargreaves of FHP said: “The site was 1.5 acres and had the significant benefit of planning consent being in place for 9 detached executive homes, each of 4,500-5,500 sq ft each.”

Jules Hunt of FHP Living, who has sold a number of similar houses in the area over the past couple of years said: “This is one of the best small development sites to hit the market for a long time and unsurprisingly attracted a lot of developer interest.”

Hargreaves said:  “Despite the undoubted strength of the site in terms of its location and planning permission being in place, our clients had a pretty rough ride with this sale, as indeed did many vendors selling development sites this past 18 months, with 2 sales collapsing.

This was due firstly to the Russian invasion of Ukraine and the subsequent levels of inflation which fed into much higher build costs.

Thereafter we had the Liz Truss budget and the resulting record increases in base rates from 1.00% to 5.25% which undermined confidence and made developers and their funders pretty nervous about any form of property development.

However, despite these “head winds” the many hours we put in to selling this site, the hundreds of phone calls and our dedication to the job  we were eventually rewarded with a sale to a local family development company who, once terms had been agreed, exchanged contracts and completed the acquisition quickly with the sale completing just before Christmas last year.”

Hargreaves concluded by saying:

“The buyers and their solicitors were great, they were quick and they did exactly what they said they would do, which was a nice change after the previous sales had collapsed – I guess we got our due reward in the end as did our clients.”

The price achieved equated to circa £285,000/plot or £1,700,000/acre.

ENDS

David Hargreaves

1 February 2024

FHP Property Consultants acting on behalf of Cadman Capital Group have concluded the sale of a 2 acre development site on Bective Road, Northampton.

The purchasers, Jardine Homes Limited, intend to submit a new application for a luxury apartment scheme on the site.  The site previously had consent for 293 student bedrooms and prior to this a consent for 155 residential apartments.

Phil Daniels of FHP Property Consultants commented:

“We continue to see strong demand for residential development opportunities in the regions and the demand for good quality sites continues to be strong with or without planning consents.  We have recently concluded sales in Stoke on Trent, Coventry and Market Harborough.  Whilst based in Nottingham, Birmingham and Derby FHP Property Consultants continue to advise clients over an extensive patch over the wider Midlands area.  We are keen to identify new opportunities to discuss with our contacts in the residential development market.

It was a pleasure to deal with the purchaser, Jardine Homes, who were represented by Paul Scotney of Proactive Development Services.”

Asha Winterflood Rivers of Cadman Capital Group commented:

“We are in the process of restructuring our land holdings to focus on sites for the development of high quality family housing.  Whilst an excellent site, Bective Road falls outside this remit but we were pleased to sell it to a quality developer of flats and apartments.”

If you have any development opportunities upon which you would like advice please contact Phil Daniels of FHP Property Consultants on 07976 318269 or email phil@fhp.co.uk.

Acting on behalf of Gilbert & Hall, the long established luxury family house builders, David Hargreaves of FHP Property Consultants has completed the sale of a prime site at Riverside Way next to the Wilford Toll Bridge overlooking the River Trent.

Hargreaves said: “This is a really clever site overlooking the River Trent, just 30 metres from Victoria Embankment and with a Tram Stop on its doorstep .”

Paul Tewson and Chris Hall of Gilbert & Hall had worked with Steve Rayner of Rayner Davies to secure Planning Consent for the redevelopment of the old industrial units and have secured planning consent for a stunning 42 unit – 30,000 sq ft apartment scheme including 24 Duplex Apartments.

As Paul Tewson said: “We work really well with FHP Living and FHP and had instructed them back in February last year, but when the magnitude of the Pandemic started to be realised David advised us to put the launch on hold  until market sentiment improved which we did.

However, in November David had an enquiry from Unitech Plus, to whom he had sold 3 other sites, looking for a further site to buy and within 2 weeks he had agreed terms for the sale of the site at circa £40,000 per unit in an off market transaction at our target price.”

Hargreaves said: “Gilbert & Hall are great to deal with as they are so organised, with all the documents ready for a speedy transaction, with solicitors instructed on the 11th November and the sale completed early February 202, which given Christmas, New Year and a national lockdown was impressive stuff.”

Ehsan Sabet of Unitech Plus said:  “David Hargreaves and FHP are straight forward people and easy to deal with – they do not over-complicate matters and we trust them. They always have some great sites and we have bought sites in Beeston, Bramcote and now Riverside Way from them. This is a stunning site and we are really looking forward to getting on site and delivering these beautiful apartments on the River.”

Chris Hall of Gilbert & Hall said: “Although as a company we have built apartments in the past, including the very successful Anglo Scotian Mills site in Beeston, we are now more focused on the top end luxury family homes market with our recent schemes in Bramcote and Beeston and our current scheme of 6 large 5 bed homes in Wysall where we have recently started on site and which will be launched shortly.  We are delighted with the outcome and as always FHP and FHP Living delivered.”

David Hargreaves said: “When the design and location is as good as this and with planning in place and ready to go, finding a buyer when you are specialists in this market is relative straight forward and so much credit should go to Rayner Davies and Gilbert & Hall as well as the Lawyers, for the speed of the transaction under trying circumstances.”

Antony Fyson of Rotheras acted for Gilbert & Hall on the sale and Miriam Lowry of Ellis-Fermor & Negus acted for Unitech Plus on the purchase.

END

30th April 2021

FHP Property Consultants acting on behalf of Langham Park Developments Limited have concluded the sale of a 15 acre development site in Nuthall, Nottingham to Peveril Homes.

Mike Wrigley and Fin Mitchell of Langham Park Developments Ltd originally purchased the site in 2009 as a long term strategic opportunity.

Mike and Fin commented of Langham Park Developments commented:

“The fundamentals of this site in terms of accessibility and location always appealed to us.  We worked hard to achieve an excellent planning consent and are pleased that Peveril Homes will be developing much needed homes here.

The site which has the benefit of planning consent to construct 116 dwellings is located just off the A610 Kimberly/Eastwood Bypass and provides excellent access to the M1, Nottingham City Centre and the close by Phoenix Park NET tram terminus.”

Phill Daniels of FHP Property Consultants commented:

“It was a pleasure to work with Langham Park Developments and Peveril Homes – we look forward to seeing development commence in the near future.

The demand for good quality residential sites with or without planning continues to be strong.  With the sale of other substantial residential sites in Stoke on Trent and Coventry to conclude shortly we are keen to identify new opportunities to discuss with our contacts in the residential development market.”

If you have an opportunity you would like to discuss please contact Phil Daniels of FHP Property Consultants on 07976 318269 or email phil@fhp.co.uk.

FHP Property Consultants acting on behalf of Cassidy Group have advised on the letting of 229 student bedrooms at DAGFA House in Beeston, next to Broadgate Park, to The University of Nottingham.

David Hargreaves, who structured the deal on behalf of Cassidy said:  “FHP originally acquired this former school site in Beeston for clients 4 years ago and subsequently sold the site on with the benefit of planning permission to Cassidy Group.

Construction was by J Tomlinson which included the refurbishment of the Grade 2 listed old school house in to Studios and communal facilities overlooking a mature garden with the rest new build.

In year 2019/20 the 229 beds were fully let on a direct let basis, but from September this year FHP were able to put in place a straight 10 year lease with annual rent increases to RPI to The University of Nottingham off a rent of £1,327,000 per annum.

Hargreaves said that by putting in place a 10 year unbroken lease to Russell Group University with annual rent increases the yield profile improved significantly with the created Investment being sold for a little over £27million showing the purchaser a net initial yield of circa 4.75%.

FHP Property Consultants acted for Cassidy Group throughout, with Savills’ London office representing the University. Legal advisers were Felton Dunsmore and Freeths.

Cassidy Group have 2 further student schemes in Nottingham – York House on Mansfield Road, which FHP sold to Cassidy Group on behalf of Intu Plc and which won the Bricks “Deal of the Year 2020” for the East Midlands, which will provide 470 beds and is forward funded to Student Roost; and Deakins Place where construction of a further 703 beds is about to begin with Bowmer & Kirkland the appointed contractor.

End

FHP Property Consultants are pleased to have acted for ALB Group in the acquisition of a prime retail unit with upper parts at 2-4 Albert Street, Nottingham.

The property is situated in a prime location opposite Marks & Spencer in close proximity to Hotel Chocolat and McDonalds.

The property’s ground floor comprises some 1,120ft² and is currently let on a temporary lease.  The Property is being marketed by Oliver Marshall at FHP Property Consultants.

ALB Group plan to convert the upper parts into residential accommodation.

Phil Daniels of FHP Property Consultants commented:

“We are pleased to have secured this property  for our client in an off market transaction in a deal which took only 2 weeks from start to finish.”

We are actively seeking similar retail investments of all lot sizes and to discuss please contact Phil Daniels of FHP Property Consultants on 07976 318269 or email phil@fhp.co.uk.

FHP Property Consultants acting on behalf of private land owners have concluded the sale of a 20 acre site in Bilsthorpe to Gleeson Plc.

The site which has the benefit of an outline planning consent for up to 113 dwellings sits on the periphery of the village and will be developed by Gleeson Plc with a range of family and affordable housing.

Phil Daniels of FHP Property Consultants commented:

“It was a pleasure to deal again with Gleeson Plc to whom we have sold a number of sites in the past.

We look forward to seeing the site developed with quality affordable homes for residents in Newark & Sherwood.”

The demand for good quality residential development sites with or without planning continues to be strong throughout 2020 and if you have any opportunity you would like to discuss please contact Phil Daniels of FHP Property Consultants on 07976 318269 or email phil@fhp.co.uk.

FHP acting on behalf of private land owners have sold a prominent road side site totalling 0.45 acres on London Road, Nottingham, between Hooters and the Fire Station.

David Hargreaves of FHP said “the sale of the former “Recliner Shop” and “Car Wash” site is another step forward in the regeneration of the southern part of the City.”

The site is in a very prominent position on the approach road into the City from the South, but has sat derelict for many years.

Following the development of the 350 Apartment Saffron Court PRS scheme to the rear by Cassidy Group, which has been sold as a completed scheme to Cording Group, this sale was a logical next step.

Cassidy bought the site Subject to Planning and with Maber Architects secured a Planning Consent for 150 Studios 1, 2 and 3 Bed Apartments.

“The challenge was incorporating the derelict building in to the new build scheme, and both Cassidy and Mabers deserve huge credit for achieving this” said Hargreaves.

Completion of Chainey Place, as the development is to be known, is expected early 2021.

Geldards acted with FHP for the Vendor.

End

28 October 2019

Elevate Property Group and JV partner Investin Plc have appointed FHP Waterside Living as sole selling Agents for their 95 unit scheme fronting the River at Trent Bridge.

David Hargreaves, who Heads the new development side of FHP Living said:  “This is a stunning site with a 100 metre frontage to the River Trent directly opposite the City Ground – home to Nottingham Forest.

The Development will see 74 Apartments in 5 Apartment Blocks built overlooking the River Trent and one fronting Meadow Lane next to Turneys Quay.  In addition there will be 21 Town Houses.

Steve Parker, who heads the Sales side at FHP Waterside Living, said: “At long last Nottingham is starting to make the most of its water. These new build Apartments and Houses within walking distance of West Bridgford and the City have a stunning but relaxing environment yet with all the facilities you could need on your door step.”

David Hargreaves said: “FHP Waterside Living are currently marketing 5 sites along the River with end values of £125 million+.

Prices at Trent Bridge Quays range from £165,000 for a 1 Bed Apartment to £535,000 for a 3 Bed Penthouse Apartment with large balcony overlooking the River.

The first Residents are due to move in early summer.”

NMCN from North Nottinghamshire are the contractors with development due to complete late summer 2020.

For further details of the opportunities available contact Steve Parker 07917 460027 or Natasha Goodman 07980 959735 at FHP Waterside Living.

End

28 October 2019

FHP is pleased to announce the sale of the first and second floors of the old Post Office, Chesterfield to Balmoral Investment & Development Limited.

Following the refurbishment and letting of the ground floor to Loungers by PDR Construction, the upper floors were marketed with the benefit of a planning consent to convert the upper parts into 10 high quality apartments.

Work will commence shortly on site for a scheme aimed at the rentals market.

Phil Daniels at FHP commented:

“There is still an appetite for small scale town centre living and this property’s excellent location on the historic Market Square appealed to the purchaser for their rental model.  We are currently advising a number of clients on former office properties suitable for residential development, with this market continuing to remain buoyant”.

All enquiries to Phil Daniels.

END

Phil Daniels

Date:  31 May 2019

Tel:            0115 950 7577/01332 224 855

Email:        phil@fhp.co.uk

FHP Property Consultants are pleased to be able to offer this site which already has outline planning consent for 9 residential units.

The plot extends to just under half an acre and is located in Ilkeston, Derbyshire on Rose Avenue on the north west side of the town centre.  Ilkeston has a host of amenities and transport connections including a railway station.

Tim Richardson of FHP Property Consultants comments:

“The proposed scheme is for 9 two bedroom dwellings in an accessible location and it is rare for a site of this size to come available.  Outline planning permission has been granted by Erewash Borough Council”

Offers are invited by Friday 3^rd May 2019 and particulars are available from the agents.

Contact FHP Property Consultants on 01332 343 222 or email timr@fhp.co.uk.

FHP LIVING and FHP Waterside Living have been appointed as the sole selling and lettings agent on The Waterside Apartments – the iconic former Rushcliffe Civic Centre on Trent Bridge.

As one of Nottingham’s most exclusive new riverside developments, designed by Leonard Design and developed by Harmony Bridge and Monk Estates, will have 121 apartments available in total with 82 for sale and 39 to let – ranging from one-bedroom apartments to three-bedroom duplex penthouse apartments. The scheme is expected to be complete by Christmas 2019.

“The panoramic views from the penthouses and the top floors are absolutely amazing while the lower floors provide a more intimate relationship with the river and the associated lifestyle – this development will be truly stunning and is going to be one of the hottest postcodes in Nottingham,” said Steve Parker, Director of New Homes, Land and Developments at FHP Waterside Living.

“We’re incredibly proud to be talking to people both from Nottingham, London, and across the UK about the available apartments – it’s a chance for people to buy a piece of the city’s history as well as being in a unique and exciting location.”

Sam Monk, Managing Director of Monk Estates Ltd, added: “FHP Living and FHP Waterside Living was selected as the sole agent due to its strong reputation and unrivalled local knowledge. The team is well-recognised across the city and deliver a high-level of customer service; having the dedicated waterside team demonstrates their experience in marketing a development of this type.”

David Hargreaves, Managing Director of FHP Living, said: “The Waterside Apartments is a significant piece of the exciting regeneration taking place along the Trent to transform underused sites into stunning residential communities.

“Living along the river offers a lifestyle not available anywhere else; a relaxing waterside environment with a focus on leisure within walking distance to the bustling social scene of West Bridgford and a short commute to the city and main business hubs.

“Interest in this scheme has already been incredibly strong with more than 300 people registering interest and 80 people attending our first pre-launch event in August, so I would advise anyone who is considering finding out more to get in touch or attend one of our upcoming events.”

The second launch event is being held on the 20th September at Brewhouse & Kitchen on Trent Bridge at 7pm to explain more about the apartments available and the facilities on offer such as free use for residents of the business centre, exclusive terrace and roof garden area, serviced apartments, car club, concierge service and personal training gym.

To register for the September event, contact FHP Living on 0115 841 1155.

FHP Waterside Living is part of FHP Living; with three Nottingham offices, it is one of the city’s most active agencies with specialist teams covering the Park, Mapperley Park, Nottingham city centre, Bramcote, Wollaton, Beeston, West Bridgford and beyond.

End

7th September 2018

FHP and FHP Living, acting on behalf of Cassidy Group, have helped conclude the forward funding of a major PRS (Private Rented Sector) development in Nottingham.

The development, which has been forward sold to Cording Real Estate Group, is the first PRS scheme to be funded in Nottingham and follows a national trend of institutions looking to invest in major residential schemes in the core cities.

David Hargreaves, who fronted the deal on behalf of FHP and FHP Living, said:  “We worked closely with Patric Cassidy and the Cassidy Group to convince Cording Real Estate Group and their investors, which include European Funds, that Nottingham was the place to invest.”

The forward sale, which was for approximately £45 million, will see 350 studio 1 and 2 bedroom apartments built on a cleared site next to the Hicking Building.  Saffron Court will have 130 car parking spaces when completed and is now under construction.  Winvic are the contractors.

Hargreaves said: “Much of Nottingham’s city centre residential stock dates back 10 years and therefore the rents achieved are relatively low due to the condition of the properties.  We have been able to show investors, however, that for newly refurbished properties or small new developments, significantly increased rents can be achieved which in turn has given Cording Real Estate Group the confidence to invest in this project.”

Tim Holden, Director of Residential Development and Asset Management, at Cording said: “David Hargreaves and his team at FHP spent a number of hours driving us around the city and “selling” Nottingham, which helped to give ourselves and our investors confidence in both the city as a whole and also the development.  The demographics, the local economy and the affordability indices were all right for Nottingham and with the recent successes of Nottingham Trent University winning University of the Year and the evolution of the Creative Quarter, we think Nottingham has a bright future.  48% of the 300,000 people living in Nottingham are under the age of 30.”

Patric Cassidy said: “We think Nottingham has a great offer and now that we have secured our first 350 apartment PRS scheme, we are keen to find further opportunities in the city, both for PRS and students.”

END

David Hargreaves

Date:  3 April 2018

With the focus on the reuse of brownfield sites to provide both employment and residential accommodation, FHP Property Consultants are able to offer one such opportunity.  The site lies in Riddings, situated to the south of Alfreton and having excellent access to the A38 dual carriageway and thereby Junction 28 of the M1 to the east, Ripley to the south and Derby to the south west.

Extending to just under 6 acres, the site comprises both modern and older manufacturing and storage premises in excess of 60,000 sq ft and suitable for redevelopment.  Potential uses include reconfiguring for continued production/storage use, or complete redevelopment for either commercial or residential purposes, subject to the necessary planning consent.

Tim Richardson from FHP Property Consultants comments:

“It is rare for a site of this size to come available in an urban area and it would be suited equally to continued industrial use, residential redevelopment, or even a combination of the two.  Access is very good both to the A38 to the north, and to the south to Ripley and we shall be pleased to discuss this opportunity with interested parties.”

For further information please contact Tim Richardson at FHP Property Consultants on 01332 224 857 or timr@fhp.co.uk.

Elevate Property Group has announced it is to start building 95 houses and apartments on the banks of the River Trent, midway between the city centre and West Bridgford, Nottingham.

The development, to be known as Trent Bridge Quays, is Elevate’s first project in the East Midlands and its second joint venture with Investin.

The project has been hailed by David Hargreaves, Managing Director of agents FHP Waterside Living as one of the best located developments in the area.

He said: “Trent Bridge Quays provides purchasers with easy access to the city for work and West Bridgford’s bars, restaurants and retail offering for leisure. It’s a very clever location for all sorts of reasons.

“It is not in the city centre nor in West Bridgford but has a foot in both camps, with easy access to both the city centre and West Bridgford.”

He said the announcement further enhanced Nottingham’s burgeoning riverside community with other developments such as Park Yacht Club and Trent Basin all adding to the mix.

“Trent Bridge Quays and these developments all benefit from each other and deliver something different.

“There is a lot of pent up demand in Nottingham for innovative developments such as this,” he said.

Trent Bridge Quays will priced from £135,000 for a one-bedroom apartment, to £750,000 for a three-bedroom penthouse with rooftop garden and views across Nottingham and along the River Trent.

The development will consist of a range of three storey townhouses, all with terraces either to the front or rear, and apartments in large blocks flanking the River Trent and Meadow Lane.

There will also be retail opportunities with two units in the development.

Elevate Property Group is the company behind a number of successful residential developments in Birmingham including Concord House, Honduras Wharf, St Paul’s House and Queensway House.

Its first joint venture with Investin was the development of Queens House in Coventry, a 62 apartment development that is almost sold out.

Steve Dodd, managing director of Elevate Property Group, said: “Trent Bridge Quays is being built in one of the most desirable areas in Nottingham.

“West Bridgford is the most expensive area of real estate in the East Midlands and so this development represents a significant project for Elevate.”

“The development sits within the Waterside Regeneration Area and has been specifically designed to provide a new public promenade along the river for pedestrians and cyclists.”

The project has been designed by the Birmingham office of international architects BDP and construction is expected to soon with the first homes available in the third quarter of 2018.

David Hargreaves said they were anticipating keen demand for Trent Bridge Quays.

“It is close by West Bridgford where house prices range from £200,000 to £4m, an area that has the feel of a London suburb such as Chiswick or Putney. The area was named in a 2016 Lloyds Bank survey as a property hotspot and one of the most desirable places to live in the UK.

“We are already receiving inquiries about early off-plan opportunities, and we believe this reflects the strong interest there will be in this development.”

END

David Hargreaves

14 September 2017

FHP Property Consultants acting on behalf of Unique Pub Properties Limited have sold a site at Lloyd Street, Sherwood, which was previously part of the car park for the Robin Hood Pub, to Norse Homes Limited at a price of £150,000.

The site, which was marketed several years ago, has now secured Planning Consent for the development of 7 town houses.

The price achieved of £150,000 equates to £21,500 per plot.

FHP represented Unique Pub Properties Limited in the transaction.

END

David Hargreaves

26 June 2017

Mayor of Mansfield Kate Allsop has visited one of the area’s key development schemes following the start of infrastructure works on site.

The first phase of the Berry Hill Mansfield development, a mixed-use scheme on the boundary of Nottingham and Mansfield, will see the delivery of approximately 500 new homes as part of an urban extension to the south of the town.

The scheme, which received £8.5m in in funding from the Homes and Communities Agency (HCA) earlier this year, will provide much-needed homes for west Nottinghamshire as well as creating jobs and business opportunities through a new innovation park, varied employment land opportunities as well as a retail and leisure offering.

Kate Allsop, executive elected mayor of Mansfield, said: “There is a real need for new housing within Mansfield and the large development at Berry Hill, currently underway will be a fantastic site. There will also be community facilities, such as shops, a school and a medical centre to facilitate a new community within the district.

“We are starting to see the detailed plans for a phased development, which will see a good mix of housing and employment land. It will be advantageous to see plenty of open spaces and play areas for the new families to enjoy. This has been a long time in the planning and I am excited to finally start to see the detailed plans, followed by new homes coming forward.

“With works now beginning on site we are keen to keep residents informed, we know there will be disruption and we are working with the developers to keep that to a minimum.   The HCA funding received will make a huge difference to our district, as with it will bring new homes, jobs and opportunities for local people. The boost to the local economy will be significant and we are looking forward to seeing new homes available in Berry Hill very soon.”

Not only has work started on site, but housebuilder Avant Homes has recently received approval on its reserved matters application for up to 99 new homes.

Richard Bowden, project representative for The Lindhurst Group, developers of Berry Hill Mansfield, said: “We are very pleased that work on this significant scheme is progressing ahead of housebuilders moving into the site later this year.

“The support from the HCA is hugely important in allowing us to deliver this scheme, which will have a really positive impact on the local area; it will have a real impact on the local economy through job creation as well as creating a community where people want to live, work and spend their leisure time.”

The Lindhurst Group is to develop some 480 acres of land, delivering up to 1,700 new homes, a brand new primary school, children’s nursery, health centre and care facilities; the scheme will also include serviced land for hi-tech research and development facilities, offices and industrial accommodation and leisure and retail uses.

Jas Hundal, service director for environment, transport & property at Nottinghamshire County Council said: “We’re delighted to see work starting on the Berry Hill development, which will provide a massive boost to the economic prospects of the whole area and a significant extension to Mansfield’s southern boundary. This is exactly the type of development and regeneration we envisaged when we built the Mansfield & Ashfield Regeneration Route (MARR) in 2004.

“This development will provide significant economic boost to the area, bringing over £100 million of investment, creating new jobs, 1,700 much needed new homes, over 40 acres of high-tech offices and commercial/industrial premises, a new school and many other community facilities.”

Mike Robinson, director of economic growth at Mansfield District Council, added: “We are extremely pleased that work has started on site. The much-needed high quality family homes, employment and leisure opportunities this development will bring are vital for the regeneration and growth of the entire district.”

This long-term collaboration between Nottinghamshire County Council, Lindhurst Jersey Ltd and W Westerman Ltd will bring more than £100m of investment into the area and will provide much-needed homes as well as high-tech office space and commercial land opportunities.

For further information please contact David Hargreaves on 07876 396003 or davidh@fhp.co.uk

Maryland Securities Group is driving the transformation of a former lace factory on Alfreton Road.

Known as Avitus, it will provide 300 apartments and 10,000 sq ft of leisure and retail space if approved.

David Hargreaves, director of FHP Living, who is working with Maryland on the scheme, said:  “Maryland has brought forward plans for a high quality major regeneration project, designed by one of the leading architects in the UK.

“This extends the well-established Arboretum residential and student area of Nottingham and is to be a key asset to the local community.”

About 650 jobs are expected to be created during the construction phase of Avitus, as well as 100 permanent roles. About £124m will be invested in the Nottingham economy during the build.

Hargreaves added: “The scheme will plug the housing gap in the city centre and is perfectly placed for both universities, and the Queen’s Medical Centre.”

The former factory, known as Forest Mills was originally built in 1950. It was closed down in the 1960s.

At FHP I undertake a diverse range of work with the central theme being development and investment.  Land, properties for conversion to alternative uses, investments requiring active asset management and everything in between.  Retail, family home residential, affordable housing, city living, private rented sector and student housing are all areas that float my boat…!

My work ranges over the wider Midlands area to include Nottinghamshire, Derbyshire, Leicestershire, Lincolnshire, Staffordshire, Northamptonshire and Yorkshire. 

Originally from the South, I relocated to Nottingham in 2003. My background includes being a West End Office Agent, City of London Leasing Agent, Development Director for a Midlands property company and working at a senior level in Local Government.

I have wide experience in all property sectors from both a professional and Agency/Development perspective.

Maybe a bit Jack of all Trades but I think I can claim to master some of them!

FHP acting on behalf of Cawbourn Limited have completed the sale of an 8 acre site off Smithurst Road at Giltbrook to Peter James Homes.

The site, which is situated close to the Ikea Retail Park, provides 5.7 acres of developable residential land and has Planning Consent for the development of 91 houses.

The Purchasers, Peter James Homes, are part of the McCann Group owned by John McCann.  Simon Gardiner the Managing Director of Peter James Homes said:

“This is an excellent site providing a buyer with quick and easy access to J26 of the M1, with the significant benefit of the Giltbrook Retail Park close by where tenants include the likes of Next, Boots, Ikea, Decathlon as well as leisure operators including Starbucks, Pizza Express and Frankie & Benny’s.

John McCann said:  “We hope to be on site in 6 months time and have the first houses available for occupation by this time next year.  We worked closely with David Hargreaves of FHP to conclude this deal and are delighted to have secured this “oven ready” site.

Peter James Homes, who have recently become the main sponsor of Nottingham Rugby Club, are currently on site in East Leake where we are building 28 houses and we hope to follow on with this site shortly thereafter.”

David Hargreaves confirmed the price achieved broke back to approximately £350,000 per net developable acre.

FHP acting on behalf of private land owners have completed the sale of a 10 acre site on Cockett Lane at Farnsfield, Nottinghamshire to Barratt Homes.

FHP were brought in to advise the land owners some 5 years ago when the site was outside of the village boundary.

The Vendor said: “David Hargreaves outlined the various routes we could go down including entering into an Option Agreement with a developer, or a Subject to Planning sale.  We knew the sale would not be quick, but through the constant support of FHP and Freeths, and the professionalism of Barratt Homes and in particular their Planning Team, we were able to manoeuvre our way through the planning process to finally secure a Planning Consent for the development of 88 no. 4 and 5 bedroomed houses.

David Hargreaves confirmed:  “We had a lot of interest in this site by virtue of its location and there were various routes we could progress.  However, the strength of Barratt’s Planning Team and their relationship with Newark & Sherwood District Council ultimately persuaded us to proceed with a conditional contract with Barratt Homes.  I am pleased to say that they are now on site, building houses, whilst FHP have been retained to market a small industrial site which is part of the Planning Consent.”

FHP advised the vendors with Barratt Homes representing themselves.

Acting on behalf of the vendors, FHP and FHP Living have disposed of a 0.8 acre Greenfield development site fronting the busy Nottingham Road in Hucknall.

The site which has historically benefitted from outline planning permission for 15 units has been purchased by McCarthy & Stone who are already on site constructing the 37 apartments which are to be built.

Theo Till commented:

“All parties are delighted with the result of this transaction with completion taking place following the purchasers receipt of planning permission in late May.  This deal exchanged only five months ago and FHP and FHP Living encouraged the purchaser to submit their planning application as soon as possible in order to keep the momentum of the transaction.  As agents we understand the importance of monitoring this type of deal and it is a pleasure to have met the client’s objectives in such a swift manner.”

New opportunities to develop land for housebuilding will come to the fore under a new government which has pledged to increase the number of new homes being built.

And a Nottingham property consultancy is well-placed to help landowners and house builders make progress with the appointment of a specialist surveyor whose knowledge of the industry goes all the way from the building site to the planning committee.

Theo Till comes to FHP as a development surveyor with a knowledge of the industry which stems from his own family’s involvement in property.

He said: “My family has been involved in both development and investment, so I’ve practically grown up in property, getting stuck in on site and building up a knowledge of how development works literally from ground level.”

He joins FHP at a time when the business is celebrating its 25th anniversary while also pursuing an ambitious growth strategy.

Theo Till commented: “I came to FHP for two reasons. One was an opportunity to work with David Hargreaves, one of the founders of the business, who has enormous experience of making things happen in property, and the second was the chance to be part of a team that has a very entrepreneurial attitude.

There is enormous, pent-up demand for new housing and increasing the number of homes which get built is going to be a big priority for the new government, not just because of the demand but because it believes construction can give a boost to the economy.

The challenge is how to make that happen and one of the hurdles surrounds planning – which is where FHP’s expertise comes in. The breadth of our business means that we have a detailed knowledge of all aspects of the planning and development timeline of events, ranging from land acquisition and disposal, to planning and development consultancy, through to strategic and tailored marketing advice. But we also have a track record of finding innovative ways of making things happen.

My focus is on residential development consultancy and transactional advice – so if a client has land where they’re not sure of the potential we can develop an appropriate marketing strategy based on our market knowledge and the current status of strategic planning in the area, which can have a decisive impact on the sale price of their land.”

David Hargreaves said: “By common consent, the residential market looks like it is in for a period of sustained, long-term growth and there are many locations across the East Midlands where we believe the pent-up demand for new homes is going to make itself felt pretty quickly.

“We’ve been involved in this market for many years, all the way from development through to residential sales by our estate agency business, FHP Living. In Theo, we have appointed someone whose age belies his detailed experience of the market. He will be in a very strong position to advise landowners and developers at a time when the market is going to have to find a way of overcoming planning hurdles to meet demand.”

FHP acting on behalf of Regent Street Developments Limited have completed the sale of a site of 0.47 acres at Orchard Street in Mansfield which had the benefit of Planning Consent for 10 houses, to Dan Developments Limited.

The site, which is adjacent to the new retail scheme that includes a One Stop Convenience Store, was sold for £165,000 which breaks back to a price per plot of £16,500 or £350,000/acre.

David Hargreaves of FHP confirmed the site had been on the market for approximately 2 years and that the sale of this site was indicative of the significant improvement in the “residential land market” in the past 3 to 4 months.

The improvement in the availability of funding from Banks and the Government’s Help To Buy scheme have encouraged many small builders to re-enter the property development market with support from their Bank.

FHP acting on behalf of clients, CJS Properties, have completed the sale of the former Lion & Dragon Public House on Wilmot Street in Long Eaton to Rippon Homes.

The site, which totals 0.48 acres, had detailed Planning Consent for the development of 8 semi-detached houses and 1 detached house.

The price achieved equated to almost £700,000 per acre, or £41,500 per plot.

David Hargreaves of FHP confirmed that small sites with Planning Permission that are ready to be developed continue to find a market, with there having been a significant increase in developer interest over the past 6 – 12 months.

The Government’s Help to Buy policy has also helped considerably and we have seen a large increase in the number of first time buyer mortgages over the past few months as well. Indeed Government figures show that mortgages to first time buyers in July were up 40% on the previous year to 26,100.

Charlotte Sawford, Proprietor of CJS Properties, said: “I am delighted with the price achieved by FHP, which was well in excess of the suggested price from other local agents.  This sale shows that if you put the work in up front and secure Planning Permission on a site to create an “oven ready” development, it will sell.”

FHP have a number of other similar sites including Worksop, Top Valley, Sherwood and Mansfield, with strong interest in all.

FHP acting on behalf of private clients have completed the sale of a site on Castle Boulevard, adjacent to the Canal and opposite the Baltimore Exchange and Castle Rock.

The site, which was sold to clients of Andy Roberts at Church Lukas, is to be developed in the longer term for residential overlooking the Canal.

David Hargreaves confirmed that a 12 month option was agreed to provide sufficient clarity for the purchaser to carry out their due diligence in terms of the costs of cleaning up the site, but that the option to purchase at £300,000 has now been exercised.

Fraser Brown acted on behalf of the vendor in the transaction, with FHP and FHP Living Land & New Homes representing the vendor.

End

FHP and FHP Living Land & New Homes have been instructed to sell a site of 7 acres in Mansfield.

The site, which is on the edge of Mansfield Town Centre, is the former Crown Packaging site and includes the famous Clock Tower which has recently been refurbished.

An Outline Planning Consent exists for a maximum of 70 dwellings on the site, together with public open space.

Of the 70 dwellings, 57 will be located in the valley surrounded by dramatic rock outcrop, with 13 dwellings and the second part of the site accessed from Recreation Street.

The Outline Planning Consent was secured by Pegasus Urban Design.  Steve Gillott of FHP said: “This is a dramatic setting with the River Maun running through the site and the rock outcrop creating a unique environment within walking distance of Mansfield Town Centre.

David Hargreaves of FHP said that offers in the region of £1.25 million were required for this excellent opportunity.

FHP and FHP Living Land & New Homes are retained as the sole agents for the site owners.

FHP and FHP Living Land & New Homes have been instructed to sell 4 relatively small residential sites throughout the county at Worksop, Long Eaton, Lambley and Bestwood. 

The Worksop site has the benefit of Planning Permission for 19 starter homes, whilst the Long Eaton site has the benefit of Planning Permission for 12 houses and is for sale at £300,000. 

The site in Lambley is “Greenfield” but next to the Lambley Public House and is likely to be sold on an unconditional basis for the development of 1 residential property – the guide price is £100,000. 

FHP have also been instructed by Metier Limited to sell a site of 1.62 acres at Bestwood Drive.  The site could accommodate up to 21 houses and has a guide price of £750,000.

FHP recently exchanged contracts on a “Subject to Planning” basis for the sale of a site of 1.1 acres in Swadlincote for the same client where Planning Consent has just been secured at a price of £525,000.

At Beechdale Road a 2.35 acre site has just been sold at £650,000 and a site at Alexander Park in Nottingham for £300,000.

END