90,0000 sq ft building sold in ‘biggest deal for years’ for town
A 90,000 sq ft mixed-use building in Chesterfield is set for a widescale refurbishment after a deal described as “the single largest transaction in Chesterfield town centre for many years”.
Commercial Property Partners brokered the off-market deal to sell Markham House on behalf of MCR Property.
Situated on a prominent site in Chesterfield Town Centre and home to myriad businesses including retailers, a Kwik-Fit, the central Job Centre and 20,000 sq ft of offices, Markham House was acquired by local Chesterfield-based Property Investment Company Lodge Farm Estates for an undisclosed sum.
Plans are now afoot for a full refurbishment of the mixed-use site, with the new owners looking to bring the building ‘back up to a modern standard’.
Rob Darrington, partner at CPP, said: “Markham House is situated in a very prominent position in Chesterfield, which is a significant factor in its success attracting such a unique mix of tenants – from retailers, through to office-based businesses and service providers.
“I’m sure this will be a great addition Lodge Farm Estate’s portfolio due to its size and potential for future development – providing the much needed town centre office accommodation and retail space, which is high in demand – and we were delighted to have facilitated its sale off-market.”
David Tate, Lodge Farm Estates Director, said: “Markham House offers a significant opportunity to Chesterfield town centre.
“It is our intention to refurbish the property and bring it back up to a modern standard to offer good quality, functional space for a variety of uses, well needed by business in the region. The property will offer a variety of accommodation from traditional office suites between 1,000 sq ft – 10,000 sq ft, to self contained small studios suitable for private gym uses, medical purposes or similar.”
