The Ropewalk Industrial Estate in Ilkeston, Derbyshire, has been sold.
Acting on behalf of private clients, FHP secured the sale of the multi-let industrial estate, comprising 40 individually let warehouse and workshop units.
The property provides a mixture of units for fledgling and growth business in the area which have proven popular over the years with consistently high occupancy rates.
The property was sold following a “highly competitive process with local, regional and national investors bidding competitively for the property.”
Mark Tomlinson, director at FHP, said: “We are delighted to have secured the sale of The Ropewalk Industrial Estate which we have managed on behalf of our clients for nearly ten years.
“The property was almost fully let at the time of sale and offers the new owners the ability to improve the rental income profile through asset management and an ongoing programme of refurbishments which will provide value improvement and a strong investment return.”
