A building occupied by The Gym Group in Northampton has been sold in a deal brokered by commercial property consultancy Johnson Fellows.
AMK2 Real Estate Ltd has acquired the 16,963 sq ft unit on a 1.26-acre site at Gambrel Road from the leading retail chain for an undisclosed sum.
The property is currently occupied by The Gym Group on a 15-year lease, expiring in 2033. AMK2 Real Estate was represented by Jack Brown of TDB Real Estate.
The former purpose-built supermarket, with 75 parking spaces, occupies a prominent roadside position alongside Sixfields Retail Park. Occupiers nearby include Sainsbury’s, Next, M&S, Boots, TUI, Poundland, Costa and Lidl.
Johnson Fellows’ agency partner Chris Gaskell works alongside Lidl on the acquisition and disposal of sites across the country.
He said: “We are working hand in hand with Lidl to identify sites for new supermarkets, while also disposing of land and property that is no longer required. The site at Gambrel Road, which has an excellent occupier, was surplus to requirements and we are therefore delighted to announce that it has been acquired by AMK2 Real Estate.”
Advised by Johnson Fellows, Lidl also recently completed the sale of a one-acre parcel of development land at Yardley in Birmingham. Johnson Fellows was appointed to sell the site following successful disposals for the company of surplus land at Erdington and Hamstead.
Johnson Fellows, established in 1984, is based in Birmingham with offices also in London and Manchester. The practice acts for a wide variety of clients including retailers, investors, developers, financiers and occupiers of commercial property. Services include agency, lease advisory, property management, building surveying and valuation. In particular, the firm advises many of the UK’s leading national multiple retailers on a nationwide basis.
The firm specialises in providing high quality professional advice with the latest market information and analysis, guidance through constantly changing legal issues and, above all, in providing a service which achieves the optimum commercial outcome for clients.
