Acting on behalf of Foxhall Business Centres, heb and NG have completed a sale of 70-78 High Pavement in Sutton in Ashfield.
The building extends to almost 17,000 sq ft and was last occupied by the Department of Work and Pensions.
“We are extremely pleased to have concluded this transaction” commented Robert Maxey at heb.
“This large building is in a prominent location on one of the main routes into the town centre.
The occupiers are undertaking a full refurbishment programme which will greatly improve the local street scene”.
John Brame of ‘The Really Good Group’ commented:
“As we come to the end of phase one (of three) of our redevelopment of 70-78 High Pavement I am excited to start looking toward the completion of the project and opening our doors to the local community.
The ground floor is and will be the home to our UK sportswear manufacturing business along with being a showroom for our products and brands that we hope will have a national audience with some of our products only being available in the one place outside of via online platforms. The showroom will also offer a coffee shop and some sports specific services such as sports massage therapies and bike fitting and bio-mechanics
The first floor ‘phase two’ will offer the local community a business hub alongside serviced spaces to suit all small to medium sized businesses, a café, communal areas and more…
Across all of this we think we have a great offering to enable us to shout about Sutton and the East Midlands and over the coming months we will be announcing the opening of the different parts of the building and we welcome the local community to come and have a look.”
Joint agents were NG Surveyors of Nottingham. Sunny Landa, director at NG, said: “We always says that landlords who invest in their portfolio will reap the rewards and so it’s pleasing to have concluded a deal to sell this property to a proactive new owner.
“John has some exciting plans for High Pavement and I’m really looking forward to seeing them realised. Sutton’s town centre will be greatly enhanced by this deal and it’s been a pleasure to be involved in the transaction.”