Savills has completed the sale of one of the former F W Mason & Sons industrial buildings on Private Road No.8, Colwick, Nottingham.
The factory/warehouse premises only recently became vacant in December, following the restructuring of the former Masons timber company.
Director Ian Muxlow of Savills represented the vendors and said: “Colwick has a good established industrial base and continues to attract occupiers due to its excellent location, lying just to the east of Nottingham City Centre. Despite the
continued challenging market conditions, we are still receiving a good level of enquiries for freehold industrial property on Nottingham’s main industrial estates. We are pleased to have secured a sale of this property within such a short space of
time.”
The property comprises a detached industrial/warehouse unit with two storey offices providing a gross internal area of 27,069 sq ft on a site of approximately 1.04 acres.
An established leader in the field of door furniture design and manufacturing, A S Hardware have acquired the property to facilitate their expansion and relocation from their existing premises on the Lenton Lane Industrial Estate. Tony Ellis,
Managing Director of A S Hardware comments: “Our business and workforce have grown significantly over the last 12 years since we purchased our current factory in Lenton and we have been seeking suitable premises to facilitate our expansion for some time.
Given that our most valuable assets are our skilled employees, a site close to the centre of Nottingham was a major factor in our search criteria so as to ensure minimum disruption to their day, and the new site is ideal with both good public transport and road links”.
Savills are also retained by the same Private Pension Fund clients to dispose of a another similar sized building, but on a much larger site in Colwick, which comprises an industrial/warehouse unit extending to 30,105 sq ft on a site just in excess of 3 acres. The property is available on either a freehold or leasehold basis.
