FHP completes sale of Ilkeston industrial estate

FHP has completed the sale of The Ropewalk Industrial Estate in Ilkeston to an unnamed buyer.

The East Midlands property agency sold the site – which comprises 40 individually let warehouse and workshop units – on behalf of private clients.

FHP said the 22,954 sq ft estate was sold following a “highly competitive” bidding process involving local, regional and national investors.

Mark Tomlinson, director at FHP, added: “We are delighted to have secured the sale of The Ropewalk Industrial Estate which we have managed on behalf of our clients for nearly ten years. The property was almost fully let at the time of sale and offers the new owners the ability to improve the rental income profile through asset management and an ongoing programme of refurbishments which will provide value improvement and a strong investment return.”