Screwfix investment sold on Crown Park, Derby

Anthony Barrowcliffe of FHP Property Consultants, on behalf of Clowes Developments, has announced the completion of the off market investment sale of Unit B2, Crown Park on Parcel Terrace in Derby which provides a securely let industrial investment let to Screwfix.

FHP Property Consultants acted on behalf of Clowes Developments, the vendor, with Will Torr of HEB Chartered Surveyors acting on behalf of the purchaser, Bassi Properties Limited.

Crown Park is made up of five new build units ranging from 2,508ft² to 7,696ft. The estate is situated just off the A516 Uttoxeter New Road which provides rapid access to both the centre of Derby and the A38.

Anthony Barrowcliffe who brokered the deal commented:

“I am delighted with the outcome of this investment sale having offered this to a select number of investors with Will Torr’s client agreeing a figure satisfactory to both parties.

I personally enjoyed dealing with my old university colleague on this deal and felt this was an excellent and efficient business transaction all round.”

Will Torr who acted for the purchaser commented:

“We are really pleased to have secured this off market investment which will provide Bassi Properties with an unbroken 10 year lease to the excellent covenant of Screwfix. Thanks to Anthony for helping get this over the line given the uncertainty of the recent months.”