FHP Property Consultants are delighted to announce the sale of 3 St James Terrace, a 1,500ft² self contained office building located close to Nottingham Castle in the professional Quarter of Nottingham City Centre. The property has been sold to We Are Pure, a branding, packaging and communications experts already located in the City who are undertaking planned expansion following successful trading.
Mark Tomlinson of FHP Property Consultants who concluded the sale commented: –
“3 St James Terrace was brought to the market at the end of 2013 to let with the possibility that the Landlord would consider a sale. We received a number of freehold enquiries for the property which resulted in a competitive bidding process on the property and a very strong value was achieved. This indicates a certain level of confidence is returning to the office market. Of course properties in this area of the City are always in demand from owner occupiers but even I was surprised by the amount of interest that we received for the building.
We have now concluded a number of freehold transactions in the Professional Quarter of the City over the last 12 months and the general tone of values being achieved in the area is certainly increasing.”
