Major disposal on Cotes Park Industrial Estate, Somercotes, J28, M1

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Tim Gilbertson of FHP has confirmed one of the largest recent sales of a single industrial/warehouse unit in the region having just completed the disposal of over 70,000ft² at Bichwood Way, Somercotes, Alfreton.

Acting on behalf of private clients this modern warehouse/industrial unit has been sold to a growing local company who are expanding into the building from their current base nearby.

Tim Gilbertson commented:

“I always seem to be saying that stock levels are low and that deals are being done as a result and that continues to be the case here.

This building of just over 70,000ft² has been sold in a multi-million pound deal with the sale being concluded quickly to an expanding local company.

My client built this property for his own business some years ago and subsequently rented it out but with the market being strong for freehold sales the decision was made to dispose of the building.  As a result we quickly encouraged interest from the eventual buyers, who have been a pleasure to deal with throughout and concluded the sale.

Both my client and the purchasers have been terrific to deal with during the negotiations and I wish both parties well for the future.”

FHP’s client commented:

“It was a pleasure to deal with Tim Gilbertson at FHP on the sale, he has been superb throughout.

The whole process was extremely well executed and concluded I believe to every parties satisfaction.”

Tim Gilbertson concluded:

“A very satisfying deal all around, both buyer and purchaser were happy and again we wish them both well for the future.  This sale leaves another hole in the market for any freehold or indeed leasehold substantial buildings in the region as supply is at such low levels and I would be delighted to speak to any potential vendors or landlords to market their property as there are certainly buyers and indeed tenants in the market for space such as this.”