Last month Salloway successfully sold Unit 8 Westside Park, Derby, to Leicestershire based investors, Manston. Following this acquisition, the purchasers retained Salloway’s services to market the property on a leasehold basis and after a brief marketing period the property has now been let to SGS Engineering (UK) Ltd who have taken occupation by way of a new 5-year lease.
Chris Keogh, Associate Director, Salloway, commented:-
“Once we were appointed to market the leasehold interest, we quickly set about generating quality enquiries which resulted in strong interest from four potential tenants. SGS obviously have a heavy presence at this location and therefore, represented the most attractive proposition for our client so terms were quickly agreed.
“It’s a real positive outcome given that the property had only just been speculatively acquired with a view to generating a return and therefore to conclude the transaction in under a month is a testament to demand from tenants/owner occupiers seeking good quality industrial space. This summer we have already traded 70,000 sq ft of industrial space with a further 155,000 sq ft in the pipeline which is either under offer or due for completion shortly.
“A special word must also go to the legal counsels; Elvin Moore Solicitors (Rachel Briggs and Alison James-Moore) who represented our client and Underwood Vinecombe (Mark Vinecombe) on behalf of the tenant both of whom acted in a highly professional and skilled manner to expedite the transaction in such a short space of time.”