Regentsmead sells Nottingham office building

FHP has sold a fully-let office building on the Castle Quay development in Nottingham.

Acting on behalf of Regentsmead, FHP has sold the building to a private investor. The tenants at the office building are Heart Internet.

Mark Tomlinson of FHP said: “We are seeing good levels of interest in the East Midlands market across a range of lot sizes and sectors for well let investments such as this.

“We are seeing especially good levels of interest in the sub £500,000 bracket where there are a number of active cash buyers for whom the entry costs of purchasing commercial property is now significantly lower than an equivalent residential investment.

“There remains relatively few investment opportunities coming to the market so we do see competitive bidding for those rare opportunities which do come up.”