2NB Property Investments Limited, a Derby-based investment company, has acquired Prospect House, situated on Pride Park, Derby.
Prospect House was one of the first HQ office buildings built on Pride Park. The property occupies a highly visible position directly opposite Pride Park Stadium and the accommodation spans over three floors offering modern open plan space.
The property was sold on behalf of private clients by joint agents FHP Property Consultants and Andrew Butcher & Associates.
Darran Severn of FHP Property Consultants said: “I am pleased this sale has completed and I wish the new owners every future success with their investment which I understand will be occupied later this year after a comprehensive refurbishment. There is a continued demand for office premises across Derby with a significant focus on Pride Park at present.
“Occupiers are seeking to increase the quality of their working environments and to create more of a collaborative lifestyle choice to boost collaboration, mental health and wellbeing, team building and to support the upskilling of junior members of the workforce. With a general lack of stock in market particularly on Pride Park we are starting to see capital values rise.”
David Nelson from 2NB Property Investments Limited said: “We’re delighted to complete the purchase of Prospect House and wish to thank all the professionals that assisted with the transaction. We look forward to turning the building into high specification grade A office accommodation that will be occupied later this year.”
Andrew Butcher of Andrew Butcher & Associates said: “I am delighted to have concluded the sale of this property on behalf of our private clients, following a relatively short marketing period. The demand for freehold properties and the short supply saw competition for this property and it is good to see that after a refurbishment, this will be home to a growing professional occupier, further extending the occupational life of the building.”
