Pizza Hut have taken a new unit on Osmaston Road, Allenton, Derby, in a deal brokered by FHP Property Consultants.

624 Osmaston Road is situated in the busy suburb of Allenton approximately 2.5 miles south of Derby City Centre.

Pizza Hut will open one of their takeaway/delivery stores.

Darran Severn from FHP Property Consultants commented:-

“The property was an obvious choice for Pizza Hut given its close proximity to local housing.  The neighbouring property is tenanted by a Co-op Convenience Store which is already popular with local residents and businesses.”

For further information on this letting please contact Darran Severn on 01332 343222 or darran@fhp.co.uk.

On behalf of private clients, FHP Property Consultants are pleased to announce the recent letting of 822 Osmaston Road, Allenton to the Air Ambulance Service.

The busy neighbourhood retail location is situated approximately 2.5 miles south of Derby City Centre.  The property sits within the main retail parade fronting Osmaston Road and provides a ground floor sales area of approximately 840ft².

Darran Severn from FHP Property Consultants comments:-

“Allenton is a busy suburb and there are few vacancies within the prime retail areas.  Once brought to market, we received a high level of interest, and were able to go under offer within a few weeks.  In addition we’ve been speaking with a number of occupiers who would locate here if a suitable property became available.”  

The Air Ambulance commented:-

“We’re really pleased to be continuing to grow our retail presence within the Derbyshire area, it’s an area where we’re really well supported by the local communities. Thanks to the speed of the offer we’ll be able to reach more people in the area faster”

For further information on this letting, please contact Darran Severn on 01332 343222 or darran@fhp.co.uk

Cliffe Interiors have recently signed a new five year lease on 16 St Peters Churchyard, Derby, in a deal brokered by FHP Property Consultants.

The property is situated in Derby City Centre within the pedestrianized Street of St Peters Churchyard, and extends to approximately 958ft².

Cliffe Interiors are a kitchen design and refurbishment business.

Darran Severn from FHP Property Consultants commented:-

“It’s great to see local business opening in Derby City Centre.  St Peters Churchyard is a good location close to St Peters Street and Intu Derby.

If you are looking for business premises in Derby please do not hesitate to contact us as we have a number of City Centre options available.”

Lee Cliffe, managing director of Cliffe Interiors commented:-

“We are delighted to open our showcase showroom in St Peters Churchyard. The location offers everyone shopping the opportunity to see how the can give their kitchen a new look with a makeover whilst in town”.

For further information on this letting please contact Darran Severn on 01332 343222 or darran@fhp.co.uk.

Following a run of lettings, FHP Property Consultants are pleased to have achieved full occupancy in Alvaston, on behalf of clients London and Cambridge Properties.

The shopping parade is prominently positioned on London Road, Alvaston, a busy suburb to the South East of Derby City Centre, and is anchored by a Co-op supermarket.  The most recent letting has been to local business Lucy Nails who have signed a new 10 year lease on 660ft². This follows lettings to Card Factory, Wokaholic and Mrs B’s Cafe.

Darran Severn from FHP Property Consultants Commented:-

“We’ve seen a great turn around in Alvaston.  Going back twelve months there were three vacancies with the possibility of another on the horizon. The parade now comprises a good mixture of national and local businesses”.      

Steve Pell on from London and Cambridge Properties commented:-

“Its great news for the local community that this parade is now fully let because it demonstrates that there is a renewed appetite for entrepreneurs to take the plunge and open their own business.  As a company we’ve focused on acquiring local convenience parades and investing in them and this approach is enriching local areas across the country because they are benefitting from better facilities on their doorsteps.”

For further information please contact Darran Severn on 01332 343222 or darran@fhp.co.uk.

FHP Property Consultants are pleased to announce the recent letting of 21 Albert Street, Derby.

The premises are situated in Derby City Centre, close to the junction of Albert Street and Exchange Street, which leads to Albion Street and the entrance to the Intu Derby Shopping Centre.

The retail unit provides a ground floor sales area of 791ft² with ancillary first floor storage.

Steam Vaping Café have signed a new five year lease.

Darran Severn of FHP Property Consultants commented:-

“Albert Street is a good secondary retail location close to the Bus Station and Guildhall Market.  After completing a comprehensive refurbishment the property went under offer within three weeks.  If you are currently searching for retail space in Derby City Centre, we have a number of opportunities available, and I would be more than happy to discuss these further if you would like to call.”

For further information, please contact Darran Severn on 01332 343222 or darran@fhp.co.uk.

Nottingham city centre shopping arcade Flying Horse Walk is celebrating full occupancy after new arrivals, tenant anniversaries and store refurbishments.

Flying Horse Walk is located between South Parade and St Peter’s Gate, and houses a mixture of national and independent luxury brands – selling fashion, art, technology, food and drink, and arts and crafts.

Retailers within the arcade now includes fashion boutiques Vivienne Westwood, Gigi Bottega and Pearl Boutique, art galleries George Thornton Art and Whitewall Galleries, food and drink units The Cheese Shop and Brew Cavern, wedding shop Berketex Bride, arts and crafts store Inspired, Brik Squared Barbershop, Flying Horse Vapes, and alterations service Apalts.

This year has seen a number of changes to Flying Horse Walk, including the arrival of hi-fi and home cinema retailer Sevenoaks Sound and Vision.

The national electrical retailer chain opened its Nottingham doors for the first time on September 23, specialising in hi-fi and home cinema systems and stocking products including 4K UHD TVs, home cinema equipment, turntables, amplifiers and speakers.

The new store is located in the arcade next to Vivienne Westwood and opposite Whitewall Galleries – which also underwent an extensive refurbishment this year.

The national art gallery chain completed a major renovation and modernisation project to its existing unit in February, which involved moving the shop frontage further into the walkway at the northern entrance of the arcade.

The interior of the store was also expanded and modernised, with the installation of backlit LED walls to further enhance the artwork on sale, and a new entertainment and bar area.

Within the changes to the northern entrance, a new digital touch screen was installed to an exterior wall on South Parade – with an aim to benefit the entire arcade and all of its retailers.

The touch screen now provides on-the-go content for passers-by and visitors, including a useful site map, store directory and individual tenant sections listing opening times, product information, offers and contact details.

2017 also saw the celebration of a number of key milestones for tenants within Flying Horse Walk, including the second anniversary of luxury fashion boutique Gigi Bottega, the third anniversaries of specialist craft beer, real ale and cider shop Brew Cavern and popular coffee shop 200 Degrees, and the sixth anniversary of gallery George Thornton Art.

Jack Shakespeare at FHP said:

“It’s been a good year for the arcade – we’ve had the arrival of a new tenant, a number of refurbishments and some proud anniversaries.

It’s amazing to be at full occupancy, we’re proud to champion both independent and national names in Flying Horse Walk.”

Hi-fi and home cinema retailer Sevenoaks Sound and Vision is set to open a Nottingham store in the Flying Horse Walk shopping arcade.

Work has already started on the unit and is expected to take around six weeks to complete – with an opening in late September.

Sevenoaks Sound and Vision is a national, electrical retailer chain that specialises in hi-fi and home cinema systems, stocking products including 4K UHD TVs, home cinema equipment, turntables, amplifiers and speakers.

The firm supplies products from well-known major brands such as Sony, Samsung, LG and Sonos, as well as specialist names including Naim Audio, Bluesound, Bowers & Wilkins, Denon and Yamaha – with a number planned to be exclusive to the city centre shop.

The company has been trading for 45 years, with the Nottingham opening marking their 26th nationwide store.

Sevenoaks Sound and Vision has recently opened a branch in Solihull but the Flying Horse Walk store will be their first venture into the East Midlands region.

Sevenoaks Sound and Vision’s new premises is 1,647 sq ft in total, and was previously leased to specialist clothing chain High & Mighty, who sub-let it to childrenswear brand Pud. The firm closed the unit in January 2016.

Managing director of Sevenoaks Sound and Vision, Rob Lawley, said: “We are especially excited to be opening in Nottingham in this superb, central location. Nottingham is a city full of music lovers, film goers and technology enthusiasts, and I am confident that we can deliver a first class experience to anyone who visits our new concept store.

“We have recruited an experienced team of specialists, who are ready to demonstrate how lifelike pictures now look, and how great music sounds on a modern system.”

Jack Shakespeare at FHP, the agents for Flying Horse Walk, said: “We are delighted to welcome Sevenoaks Sound and Vision to Flying Horse Walk. They are going to make a great addition to the arcade offering something new and exciting. We look forward to their opening.”

Rental growth is occurring once again in Clumber Street following a number of recent transactions achieved by FHP on behalf of landlord clients.

Prior to the economic downturn, Clumber Street rents were at levels of around £250 Zone A but fell to lows of around £150 during the recession and have stagnated at those levels for a number of years.

However, two recent lettings from 2017 to Vodafone and Holland & Barrett show net Zone A levels of between £208 and £238 per sq ft and in addition the rent review on the Lush unit effective from March 2016 has been settled at £200 Zone A.

In our view, the refurbishment of the Victoria Centre together with the continuing delays on the Broadmarsh development have prompted retailers to consider Clumber Street once again and market demand is pushing rents upwards which is good news for landlords with forthcoming rent reviews where the passing rents are still below £200 Zone A.

It also provides a stimulus to the investment market where potential rental growth can be expected in the future.

For further advice in respect of lease renewals and rent reviews in Nottingham city centre, please contact Mark Bradley.

The former Mackworth College site on the outskirts of Derby city centre is set to be transformed into a brand new retail park in a development led by Wheatcroft Land.

College Retail Park is located on Burton Road to the south of the city and will include a brand new ALDI store as well as seven well sized retail units, three of which are already under offer to national operators.

The scheme, which is being marketed by Derby-based FHP Property Consultants, is expected to be complete in summer next year, with ALDI expected to open its doors in Spring.

This is one of the first projects undertaken by Wheatcroft Land director, Catherine Haward, who took over the family business in 2013 after her father fell ill.

She said: “My father set up the business in 1989 and worked on some significant projects in the local area, including Meteor Retail Park here in Derby – Wheatcroft Land has traditionally focused on retail and leisure schemes. I had been working for Leicestershire Police, but decided to resign so I could manage and develop the business. This scheme will be my second retail development.

“This is a site which has been left undeveloped over the past 20 years and I am really pleased to be bringing it back to life – things are finally happening. Work commenced on site this Spring to construct a new road and access to the existing highways, and we are expecting work to start on the retail units later this year. It’s exciting.”

College Retail Park will include a 15,000 sq ft ALDI store as well as six additional units ranging in size from 1,250 sq ft to 5,500 sq ft. National operators including Card Factory, Indigo Sun and Greggs currently have units under offer.

Director at FHP, David Hargreaves is marketing the scheme. He said: “This is a well-positioned site on the outskirts of Derby, which will really benefit from this type of value-led retail scheme.

“The site has sat undeveloped for a number of years and we are very pleased to see Wheatcroft Land take this scheme forward. We have a number of well-sized units available ranging from around 1,250 sq ft up to 5,500 sq ft, which are suitable for a range of different operators. Interest in the scheme has already been strong from national operators, with four units currently remaining.”

Doughnotts are to become the most recent addition to Sadler Gate, having recently signed a new lease on the former 420 Skate Store.

Sadler Gate is situated in the heart of the Cathedral Quarter within Derby City Centre and is home to a number of niche fashion retailers.  The property is prominently positioned within the top half of Sadler Gate within close proximity of Dr Martens, Canopy and Joules.

Founded in 2015, Doughnotts opened their first Doughnut shop in Nottingham and due to high demand have now chosen Derby for their second store.

Darran Severn from FHP Property Consultants comments:

“Sadler Gate continues to be a popular destination for both shoppers and retailers and we have seen a number of national retailers locate on Sadler Gate within the last 18 months.  These coupled with existing local businesses create an excellent pitch.

We received strong interest when this property went to market and within the first few weeks we had four offers on the table.”

For further information on this letting, please contact Darran Severn on 01332 343222 or darran@fhp.co.uk.

Well done Mark.  You did a great job.

FHP Property Consultants are pleased to announce the recent letting of 30 East Street, Derby to Goddess Hair and Beauty Salon.

Goddess Hair and Beauty Salon have taken this unit in addition to their existing shop on Crown Walk within Intu Derby.

The property is located in a prominent position on East Street opposite Intu Derby. East Street links Derby bus station with St Peters Street thus providing a high footfall.

Darran Severn from FHP Property Consultants comments:

“I am pleased we were able to complete this letting and achieve a 10 year lease for our clients. Derby’s High Street is ever evolving and it is great to see local businesses expanding.”

If you are looking for retail space in Derby City Centre, please get in touch as we have a number of units still available in various locations.

For further information on this letting, please contact Darran Severn on 01332 343222 or darran@fhp.co.uk.

FHP and Innes England have been appointed by the owners of the former Courtaulds building at Haydn to market up to 30,000 sq ft of retail accommodation which will be created from former premises of Courtaulds and the former Courtaulds Factory Shop.

David Hargreaves said:

“This is a “clever” location in that it is easily accessible and has the benefit of 150 on-site car parking spaces and yet the rent is just £10/sq ft.”

Early interest has come from the furniture sector in particular and also the gym sector.

Units are available from 3,000 sq ft up to 32,000 sq ft.

The instruction is being handled by David Hargreaves and Oliver Marshall from FHP and Ben Taylor from Innes England.

END

David Hargreaves

6 June 2017

Experienced Retail and Leisure Agency Surveyor with a useful background in residential, development and investment – winner of back-to-back Estates Gazette Dealmaker Awards as the most active retail agent in the UK in both 2022 and 2023.

I have been with FHP for 14 years and am part of the Retail and Leisure Agency team advising on leasing, sale, asset management and acquisitions. I cover a wide spectrum of property including High Street, Retail Parks, Leisure Schemes, Shopping Centres, Neighbourhood Parades and Out of Town.

I pride myself on my pro-active, honest approach and determination to get deals over the line, delivering the best results for my clients.  I work for a range of clients from corporate funds through to private individuals, some of which include Tesco, DTZ Investors, Blackrock, LCP/MCore, Evolve Estates, Threadneedle, Nottingham City Council and ALB Group.

Acting on behalf of private clients, Darran Severn of FHP Property Consultants has completed the letting of 72 St Peters Street, Derby to Stylers Hairdressers.

The premises occupies a prominent position on St Peters Street within Derby City Centre and provides ground floor sales of 1,426ft².  St Peters Street is a busy thoroughfare linking the Intu Shopping Centre with the Cathedral Quarter.

Stylers have taken a 10 year lease on this, being there 17^th salon.

Darran Severn of FHP Property Consultants commented:-

“This has been an excellent result for all involved.  Our clients recently bought the property at auction after some initial advice from FHP.  The upper floors were tenanted but the ground floor had been vacant for several months.  After an extensive marketing campaign we were able to go under offer to Stylers within one month.”

Nick Cheek, owner of the property commented:-

“‘FHP did a great job finding a tenant and progressing the legals through to completion. We look forward to dealing with FHP again in the future”

For further information on this letting, please contact Darran Severn of FHP Property Consultants on 01332 343222 or darran@fhp.co.uk.

FHP did a great job finding a tenant and progressing the legals through to completion. We look forward to dealing with FHP again in the future

On behalf of Private Clients, FHP Property Consultants are please to bring to the market 4-5 Strand Arcade, Derby.

Strand Arcade is a popular boutique shopping arcade comprising ten retail units and adjoins the popular street of Sadler Gate within the Cathedral Quarter.

The property provides a ground floor sales area of approximately 1,629ft² and benefits from kitchen and WC facilities.

The property is available on a new lease at an annual rent of £16,950 per annum.

Darran Severn from FHP Property Consultants comments:-

“Strand Arcade is ideally situated within the Cathedral Quarter and I envisage this will appeal to a number of retailers.  There are few voids in this area and I look forward to handling all enquiries.”

For further information or to arrange a viewing, please contact Darran Severn on 01332 343222 or darran@fhp.co.uk.

FHP Property Consultants are pleased to announce the recent letting of 10 Strand Arcade, Derby to GGG Jewellery Co.

Strand Arcade is well located in the heart of Derby’s Cathedral Quarter, and comprises a small boutique shopping parade of 10 retail units.  The property provides ground and first floor sales extending to 260ft² and has been taken on a new 5 year lease.

Paris Slack, who set up GGG Jewellery Co. commented:-

“GGG Jewellery Co. had been looking for a brick and mortar store for quite some time, but before now nothing had really jumped out.  We’re hoping to utilise the space and expand across two floors, offering Silver Jewellery on the ground and Homeware, accessories and clothing on the first.  Darran was really efficient and helped us every step of the way.”

Darran Severn from FHP Property Consultants commented:-

“We were able to agree a back to back letting here resulting in a null void period for our client.  There continues to be good demand for retail units within the Sadler Gate/Strand area and we are continually receiving enquiries from retailers looking in this area.  If you are a landlord with property in Derby and would like to discuss your options, please do not hesitate to contact me.”

For further information on this letting please contact Darran Severn on 01332 343222 or darran@fhp.co.uk.

On behalf of private clients, FHP Property Consultants are pleased to offer to let a ground floor self-contained shop unit on St Peter’s Churchyard, at the heart of Derby City Centre.

The property forms part of the Thurman & Malin Building close to St Peter’s Church and amongst a cluster of independent retailers and outlets including Sally Montague Salon, Café Lavante, and Mark Scott, and is just off the main pedestrianized shopping thoroughfare off St Peter’s Street.

Tim Richardson of FHP Property Consultants comments:

“This is a well presented retail or professional services unit in the heart of the City Centre and offered at a very competitive rental of only £16,000 per annum..”

The premises extend to 958ft² and include sales area, stores, kitchen and wc’s.

For further information please contact Tim Richardson at FHP Property Consultants on 01332 343 222 or timr@fhp.co.uk.

The UK’s leading mother and baby boutique retailer JoJo Maman Bebe is to open in West Bridgford following a letting secured by FHP Property Consultants on behalf of a private property company landlord.

The premises at 20 Tudor Square became vacant at the end of last year following the lease expiry of the former travel agents and a letting was quickly secured to JMB for the unit which comprises 771ft² ground floor sales.  JMB have taken a 10 year fixed lease and will be opening on March 4^th.

The store will stock the full range of baby and children’s clothing in addition to gifts and toys.

Mark Bradley of FHP Property Consultants commented:-

“This was a rare opportunity to acquire presence in the heart of West Bridgford town centre and we knew there would be a lot of demand for this unit with several other national multiples also expressing interest.  We were aware of JMB’s long standing requirement for the town and ultimately our client decided they were the most suitable use for both tenant mix in their parade and also their business model is well suited to serve the affluent local market”.

We would like to thank FHP for all their help and all of our staff that have worked tirelessly to make this happen with us, we look forward to the opening and hope that the residents of West Bridgford are as excited as we are!

Acting on behalf of private clients, FHP Property Consultants have agreed a deal with electronic cigarette company Cloud 57 at 3 Trent Boulevard in West Bridgford.

Cloud 57 are a new and fast growing electronic cigarette company,  renowned in the East Midlands particularly for  bringing quality products and great customer service to the growing e-cigarette industry.

Natalie Fisher of Cloud 57 commented:-

“We are very excited to be opening our second premises here in West Bridgford! We are looking forward to bringing something a little different to the table and we hope that our new and existing customers enjoy the industrial boutique atmosphere.  Cloud 57 Vape lounge will be opening on the 11th March and we will be celebrating by offering 10% off all stock and all customers that our new to vaping a free e-cig starter kit. We would like to thank Matt from FHP for all of his help and all of our staff that have worked tirelessly to make this happen with us, we look forward to the opening and hope that the residents of west Bridgford are as excited as we are!

Matt Revill of FHP Property Consultants who agreed the deal commented:-

“Natalie and Joe, the owners of Cloud 57 were great operators to deal with and are proof of how the ever growing electronic cigarette market is thriving with their decision to expand their business into West Bridgford. The property at 3 Trent Boulevard was previously under offer at the end of 2016, however due to abortive negotiations we were forced to put the property back on the market in January 2017. After Cloud 57 viewed the premises midway through January they were determined to secure the site. We agreed Heads of Terms within two days of their first viewing and had completed the lease some 14 days later.”

For further information on the transaction or to see how FHP can assist you with the acquisition of retail premises in the future please contact Matt Revill on 0115 9507577 or matt@fhp.co.uk.

On behalf of private clients, FHP Property Consultants are pleased to bring to the market 72 St Peter’s Street, Derby.

The property occupies a prominent corner position on St Peters Street at the intersection with Babington Lane.  St Peters Street is a busy pedestrianised thoroughfare linking the Intu Shopping Centre with the Cathedral Quarter thus providing strong footfall.

The accommodation provides a ground floor sales area of 1,426ft² which benefits from a corner frontage, and is available to let on a new lease with the landlord.

Darran Severn from FHP Property Consultants comments:

“This opportunity is located within a busy location and would suit retailers, charities or professional services.  There has been a good level of enquiries through January in Derby and I look forward to speaking with interested occupiers”.

For further information or to arrange a viewing please contact Darran Severn on 01332 343 222 or darran@fhp.co.uk.

31/01/2017

On behalf of private clients, FHP Property Consultants have been instructed to market the ground floor leisure units of Norman House, Friar Gate, Derby on a leasehold basis.

Norman House occupies a prominent position fronting, Friar Gate, with Derby City Centre.  Friar Gate is one of the primary leisure pitches in Derby and other occupiers include: Prezzo, Zizzi’s Pierre Bistrot, Las Iguanas, Pitcher & Piano and The Friary.

The property is available to let on a new lease with the landlord and can be split to suit individual requirements between 2,131ft² and 15,164ft².  The units are suitable for a variety of uses including; A1 (Shops), A3 (Restaurants & Cafes), A4 (Drinking Establishments, and D2 (Assembly & Leisure).

Darran Severn from FHP Property Consultants comments:

“Friar Gate is a popular leisure destination with a number of busy restaurant already in situ.  In addition, there are several residential developments close to completion, which will complement the area once complete”.

For further information or to arrange a viewing, please contact Darran Severn on 01332 343 222 or darran@fhp.co.uk.

27/01/2017

FHP Property Consultants are pleased to have been instructed to market the leasehold interest of 10 Strand Arcade, Derby.

Strand Arcade is a popular boutique shopping arcade comprising ten retail units and adjoins the popular street of Sadler Gate within the Cathedral Quarter.

The property provides a ground floor sales area of approximately 142ft² and benefits from first floor ancillary storage.  In addition, there are kitchen and WC facilities situated within the basement.

The property is available on a new lease at an annual rent of £8,000 per annum.

Darran Severn from FHP Property Consultants comments:-

“Strand Arcade is ideally situated within the Cathedral Quarter and I envisage this will appeal to a number of smaller niche retailers.  There are few voids in this area and I look forward to handling all enquiries.”

For further information or to arrange a viewing, please contact Darran Severn on 01332 343222 or darran@fhp.co.uk.

On behalf of private clients, FHP Property Consultants are pleased to bring to the market the leasehold interest of 11 Sadler Gate, Derby.

The retail premises are well located in the heart of Derby’s Cathedral Quarter within the niche fashion pitch of Sadler Gate.  Nearby occupiers include; Dr Martens, Joules, White Stuff, Cruise Clothing, and Canopy.

The accommodation is arranged over three floors totalling 1,529ft² and is available to let on a new lease for a term of years to be agreed.

Darran Severn from FHP Property Consultants comments:

“This is a popular retail pitch, and I expect to receive a variety of enquiries from local, regional and national retailers.  Sadler Gate has excelled over the last twelve months and is becoming a popular shopping destination within the City Centre.”

For further information or to arrange a viewing, please contact Darran Severn on 01332 343222 or darran@fhp.co.uk.

FHP Property Consultants are pleased to announce the recent letting of 72 Babington Lane, Derby.

The property is situated on Babington Lane which in turn links in with St Peters Street, which is Derby’s main retail thoroughfare.

Internally the accommodations provides a ground floor retail unit with prominent frontage and extends to 212 ft².

The new tenants have taken a new 10 year lease and will open their Barbers shop in the New Year.

Darran Severn from FHP Property Consultants comments:

“Babington Lane continues to attract small local businesses and I wish the new tenants every success.  We still have a couple of vacant units available in this area ranging from 500ft² to 6,000ft².”

For further information on this letting, please contact Darran Severn on 01332 343222 or darran@fhp.co.uk.

Nottinghamshire based Cardzone have now hit the 100 store mark following the recent acquisition of the Hallmark Retail business which trades from 14 Outlet Centres including McArthur Glen East Midlands near Mansfield and the Springfields Outlet Centre at Spalding.

In addition, other “high street” acquisitions of the core Cardzone business in the last quarter of 2016 include new branches in Ludlow, Beeston, Melton Mowbray and Ashton Under Lyne.  A number of these new stores will trade under the combined Cardzone/Home & Fragrance fascia offering greeting cards/novelty gifts and the branded candle and accessories range.

Mark Bradley of FHP Property Consultants who acts for Cardzone in connection with their property matters commented:-

“It has been an extremely successful year for Cardzone with the acquisition of the Hallmark Retail business in the UK.  This has opened up substantial opportunities to further grow the business in outlet centres, shopping centres and high street locations.  The improved strength of the Cardzone covenant will also benefit new and existing landlords and help to re-position the company profile and secure new stores in major centres.”

Mark added “In addition to the acquisitions, I have also been instrumental in achieving a number of lease re-gearing opportunities on the existing branch portfolio resulting in reduced rents or rent free incentives for an extended lease term, all of which produce immediate savings directly to the bottom line of the business.”

Cardzone will be looking to acquire further units in 2017 in major towns and cities within the geographical area bounded by the M62 and M4 Corridors and will also be looking to expand by the acquisition of independent card and gift businesses.

FHP Property Consultants are pleased to announce the completion of two retail investment sales along the street of Sadler Gate, Derby.

Earlier this year 34/35 Sadler Gate, home to the Brooklyn Social was sold within weeks of being on the market.  The property was purchased by a local investor for a figure of £295,000.  This reflects a yield of 7.8% after purchaser’s costs.

More recently, 36 Sadler Gate was sold for a similar value reflecting a yield of 9.75% after purchasers costs.

Darran Severn of FHP Property Consultants comments:

“I was pleased to have been instructed to sell both these properties having only recently secured both tenants.  There is currently good demand from local and regional investors for this type of retail investment and this enabled us to complete both sales relatively quickly.”

For further information on the sale, please contact Darran Severn on 01332 343 222 or email darran@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.