I am pleased to announce that I have now completed on an off market industrial investment property on Pintail Close in Netherfield, located behind the Victoria Retail park. The units totalled 8,103ft² and had a 5-year lease in place to an excellent tenant on attractive terms. The investment included two steel portal frame mid-terrace industrial units with 5.5 metre eaves on an excellent service yard benefiting from quick access to Nottingham City Centre via the Colwick Loop Road.
Anthony Barrowcliffe MRICS of FHP Property Consultants acted on behalf of the vendor and Ross Whiting MRICS of Innes England acting on behalf of the purchaser.
Anthony Barrowcliffe of FHP Property Consultants who brokered the deal comments:
“I initially let these Units on Pintail Close for the landlord, so I am particularly pleased that I could go on to sell the investment. Having offered this to a select number of investors I was able to obtain off-market interest. Ross Whiting of Innes England represented the eventual purchaser and terms were agreed and a deal was concluded.
At present there are very few opportunities within Nottinghamshire to secure good quality industrial investments with few assets coming to the market of this size and nature, which meant I was able to agree the sale of this property before placing it on the market. There is strong investment demand for high-calibre industrial assets like Pintail Close which has meant investments like this have become very sought after.
FHP have new and exciting things happening in Netherfield and Colwick, and we look forward to engaging with businesses and investors alike, so we can understand requirements and put together more transactions like this in the future.
The industrial market sentiment remains positive with demand outstripping supply and we continue to see rental and capital values in the industrial sector improve, with some of the highest occupancy levels in 10 years, despite everyone’s fears of the implications of Brexit and Covid-19.”
