KB Packaging acquires 4,500 sq ft property in Ilkeston

FHP Property Consultants, acting on behalf of private clients are delighted to announce the sale of the ML Automotive Unit, Griffon Road on Quarryhill Industrial Estate, Ilkeston.

Amid stiff competition, the property has been secured by KB Packaging Ltd, a well-established packaging business currently located across the road on Merlin Way. The company had been in the market for another warehouse to facilitate their expansion plans and this opportunity being in such close proximity was too good to turn down.

Built to a similar high specification as their current premises, the unit extends to over 4,500 sq ft and provides good quality warehousing/production space with ancillary offices with permanent mezzanine above.

Thomas Szymkiw, of FHP’s Industrial Department who brokered the deal commented;

“In a market starved of good quality freehold options I am pleased to have secured a sale price for the property which has both exceeded the asking price and my client’s expectations. Such was the level of interest in the unit, we were inundated with offers so I am very pleased that KB have managed to secure a unit located so close to their current operation.

This deal, further highlights the rise in capital values on the estate also demonstrates the demand out there for good quality units in the sub 10,000 sq ft bracket. I would therefore be delighted to assist any other parties looking to sell or let their property in the Ilkeston area.”

The vendor also commented; I just wanted to say how pleased we were with the professional and knowledgeable service we received whilst selling our industrial unit through FHP. Thomas gave us excellent advice and guidance through the whole process, dealing with the buyers in a courteous but firm manner that achieved a very successful outcome”.