A significant industrial site in South Derbyshire has changed hands in a deal that underscores the continued strength of the East Midlands’ industrial property market.
Hay Lane Industrial Estate, located just off the A50 in Foston, has been sold following a relatively short marketing period. Described as a highly versatile and strategically located asset, the site spans several acres and offers extensive yard space and parking.
“I am delighted that the sale has now completed,” said William Speed of Salloways. “This was a rare opportunity to acquire a substantial and flexible industrial estate with real potential, both in terms of income and development.
“We received a great deal of interest from a diverse pool of prospective purchasers. The successful sale reinforces the enduring appeal of well-located industrial assets in the East Midlands.”
With Derbyshire continuing to perform strongly in the industrial sector, this deal adds to a growing list of transactions in the region.
Speed concluded: “Having now completed on two good sized industrial and storage sites in and around Foston it’s clear to see that this location continues to prove popular with investors, developers and occupiers alike.”
