FHP has sold the former JK Design & Manufacture Limited premises on Private Road No.1, Colwick Industrial Estate, Nottingham.
The 18,701ft² property on a 1.2 acre plot comprises a two storey office block, production/warehouse space, a car park, and a self contained rear yard.
The buyer has decided to retain FHP as their letting agents whilst they undertake a substantial refurbishment. The unit has already been stripped out and brand new cladding has been ordered.
Works scheduled include full refurbishment of the office block, new roller shutter doors, new cladding on all elevations, redecoration throughout, new lighting, replacement/repair of roof lights, external landscaping, new fencing and car park re-lining. The property’s EPC will also be significantly improved.
Anthony Barrowcliffe of FHP said: “We are delighted that we managed to sell this building and to do so off market, this method suited the vendor as well as the purchaser. The purchaser has already commenced the full refurbishment and we are delighted that we have been retained to find them a new tenant.
“I have worked alongside the purchaser previously and am very excited to see the high level of refurbishment that they will undertake and to see the end product once the refurbishment has completed which is expected for April 2025.
“We are always hungry for new freehold instructions and have a fantastic database of live requirements and clients who are eager to buy alongside a really good database of tenants looking to let, especially within Nottingham.”
