Nottingham city centre office building sold

8 Clinton Terrace, on Derby Road just north of Nottingham City Centre, has been sold in a deal brokered by FHP Property Consultants to Clinton View Ltd.

The property which extends to just under 3,000ft2 , provides modern office accommodation over three floors with substantial car parking to the rear.

Thomas Szymkiw, of FHP’s Office Department who agreed the sale, commented:

“8 Clinton Terrace is a great building, in a fantastic location bordering the desirable Park Estate and in an area that has seen some fantastic developments in recent years including both private and student residential schemes.

The property provided a perfect opportunity for either an office owner occupier or developer and we had high interest in the property on both fronts – resulting in a competitive bidding process that ended up with a fantastic result for our clients.

The purchaser is looking to undertake substantial redevelopment of the building for residential use and I am very excited to see how their ambitious plans evolve over the coming months.

Due to the lack of opportunities of this nature, interest is high for freehold offices and I am keen to hear from any other building owners who are considering a sale to see how we can also be of assistance”