NG Chartered Surveyors has completed an off-market deal which has seen a 6,438 sq ft premises at Trent Lane Industrial Estate let.
With two other premises under offer, the deal means that there is just one empty unit remaining at the popular Trent Lane location.
Sunny Landa, director at NG, says: “We’re delighted that Trent Lane continues to be such a popular destination for growing businesses. The business park continues to thrive in what is still an extremely competitive market – the fact that only one unit remains there is testament to its excellent location and transport links.”
“The speed at which this deal was done was very satisfying, and it’s been an impressive team effort to get what has been an off-market deal over the line so soon after the unit was vacated by the previous occupier.”
The deal, which is for an initial five year period, was as a consequence of the new tenant expanding and winning new contracts.
Sunny added: “It was important for the business to stay around the Long Eaton / Castle Donington area because of well-established links with their existing base. The deal has worked out very well for all concerned.”
Trent Lane is just 2.5 miles from Junction 24a of the M1, as is easily accessible from East Midlands Airport.
Joint agent on Trent Lane is Mather Jamie. Alex Reid, director at Mather Jamie, said: “We’ve found the response to Trent Lane from businesses looking to grow extremely encouraging, and over the last 12 months we’ve regularly been letting space there. I believe it will only be a matter of time before the remaining unit is taken.”
Trent Lane Industrial Estate is asset managed by Collingwood Rigby LLP on behalf of Threadneedle Property Investments Limited.
David Burns of Collingwood Rigby added: “This deal is an excellent achievement by all concerned. Within 12 weeks of the landlord taking the unit back in hand following the expiry of a previous lease, it was refurbished and successfully re-let. We’re very pleased with the outcome.”
