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FHP secure sale of substantial industrial premises on Codnor Gate Industrial Estate Ripley

wantspacegotspace.co.uk - FHP secure sale of substantial industrial premises on Codnor Gate Industrial Estate RipleyFurther signs that the market is improving can again be viewed from the latest sale that Tim Gilbertson at FHP has completed on Codnor Gate Industrial Estate in Ripley.

Acting on behalf of private property company clients, the deal agreed has seen 43,000ft² of modern warehouse space sold to expanding local company, Eden Tyre Sales.  

At a time when there seems to be signs of increased demand in the market place for both freehold and leasehold industrial and warehouse space across Nottinghamshire and Derbyshire, this sale

confirms that thought and reduces still further the supply of good quality stock available in the market.

The deal was brokered by Tim Gilbertson with ETS’s agent, Andrew Nichols of Gadsby Orridge.  Tim Gilbertson commented:

“This property was a rare visitor to the market, offering a large detached warehouse on a good sized site on an ever popular industrial estate in Ripley.  Having previously sold for the same client the

adjoining site of over 100,000ft², when their tenant on this building vacated we were immediately charged with the responsibility of selling with equal speed.  

Pleasingly, ETS tyres were targeted through their agent and after a single viewing terms were quickly agreed and the deal progressed.

The ability to minimise the void period between the end of the former tenancy and the sale to the new occupier really was key to our client here and in achieving our goal of a quick sale we still secured a

competitive price and managed to negate the impact of empty rates upon our clients.  

Equally pleasing is that the sale was concluded to a local company, Eden Tyre Sales Limited, and this will further help and strengthen their ever expanding business and we wish them well for the future.

Again we are seeing sensibly priced and good quality stock sell quickly as the squeeze on supply in the region continues to be felt.  With signs of increased demand now is certainly the time to bring

property to the market and we are hopeful of announcing further new instructions and deals shortly.  As ever though, we are eager for more stock and for any parties considering a sale or letting of their

premises then I would be delighted to speak with them.”
Tim Gilbertson acted on behalf Stainton Capital Limited and Director Hugo Jackson commented on the deal:

“Stainton are happy to recommend Tim having sold over 150,000ft² of units through him over a three year period.  Tim quickly found us a buyer for this unit and at a very competitive price.”

Posted by The Editor (wantspacegotspace) on 29th July 2013 (updated 05/08/2013)

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