Rotherhill in conjunction with one of its private investor clients has recently purchased an 8,000 sq ft industrial warehouse with a substantial and secure 1-acre yard from insolvency practitioners.
The transaction was agreed upon and completed within a tight timescale, demonstrating Rotherhill’s commitment to perform. The property has since required clearance and partial demolition whilst a planning application was prepared.
Planning has now been submitted for the subdivision of the existing accommodation and the construction of a further c9,000 sq ft to deliver a small business unit scheme of up to 9 units. Unit sizes are flexible, with the potential to obtain ‘small business’ rates relief.
The submitted scheme aims to provide much-needed small business unit accommodation to the freehold owner-occupier market. The location offers excellent accessibility to the M1 and convenient public transport links to Nottingham city centre.
Further information including availability can be obtained via marketing agents, FHP, on 0115 950 7577.
Rotherhill is continuing to look for similar ‘unloved’ properties in need of repositioning and has funds in place to move quickly for similar transactions.
For more information, Paul Bagshaw and Ed Jeffrey of Rotherhill can be contacted on 01476 861 797 or via the website: www.rotherhill.com.
