A dual-franchise car dealership site on Hucknall Road, Bobbers Mill, Nottingham, has changed hands in a discreet off-market transaction. The high-profile property, home to Hyundai and Citroën dealerships operated by Vertu Motors, has been owned by private investors for several years.
The sale was handled by Salloway Property Consultants on behalf of the sellers. Director Stephen Salloway said: “Our clients are prudent family investors who regularly review their portfolio. While there was no immediate plan to sell, the timing of this approach aligned with other opportunities, and they were willing to consider a serious offer.”
The buyer was represented by Will Torr of heb: “We were actively seeking long term income for private investor clients and we identified this site as a suitable addition to their portfolio. We opened a discussion with Steve Salloway and quickly reached terms that satisfied both parties.”
Salloway added: “The transaction progressed smoothly, thanks in large part to the professional efforts of Kerry Elliott of Actons, who acted for the seller, and Carla Dawn and Heather Jellyman at RJS Solicitors, who represented the buyer. Their work was instrumental in bringing the deal to a successful close.”
The Hyundai and Citroën dealerships are unaffected by the transaction.
