Sandyford Properties has acquired Salcombe Road Industrial Estate in Alfreton, Derbyshire, marking its first investment in the East Midlands. The 35,300 sq ft multi-let estate comprises 16 units ranging from 1,550 sq ft to 3,100 sq ft.
The estate was purchased at auction for £2.5 million from Derbyshire County Council, which had owned the property since its original development. It generates a gross rental income of £203,114 annually, with potential to increase in line with market trends. The units feature steel portal frame construction, brick and block elevations, high eaves, roller shutters, and a large forecourt with dedicated parking.
Sandyford plans refurbishment and proactive asset management across the estate. Salcombe Road Industrial Estate benefits from direct access to the M1 motorway and strong connectivity to Derby, Nottingha,m and Mansfield.
The acquisition extends Sandyford’s portfolio beyond Staffordshire and Cheshire and positions the company for further growth in the region. FHP acted as advisor and will manage lettings, while Hill Dickinson provided legal counsel.
