FHP have sold a mixed office and industrial property on Abbeyfield Road on Lenton Lane Industrial Estate to one of the largest garden machinery distributors in the UK. Henton & Chattell have acquired three buildings on the Lenton Lane Industrial Estate from FHP intending to utilise the 40,000ft² warehouse for their own purposes to expand their additional growth.
The property was sold on a long leasehold interest with an average unexpired term of circa 43 years from Nottingham City Council and was income producing, producing a rent of £287,500 per annum with the sale price agreed understood to be in excess of £3 million.
John Proctor of FHP acted on behalf of Abbeyfield Estates on the sale.
