Land deal to bring forward new Nottinghamshire light industrial scheme
Nottingham developer Decorum Estates has completed a deal to buy a site on Tulip Lane on the Hollygate 46 industrial park in Cotgrave, Nottinghamshire, which will bring forward 11 light industrial units targeting the owner occupier and investor market.
The site will be marketed exclusively by NG Chartered Surveyors.
A planning application has been submitted to Rushcliffe Borough Council, with Decorum targeting a start on-site date of late Spring, with the units ready for occupation by tenants towards the end of the year.
Decorum bought the site from Wilson Bowden/Homes England, who were represented on the deal by Mark Tomlinson at FHP.
NG acted for Decorum Estates.
Richard Sutton, managing director at NG is marketing the project and has already reported strong interest at this preliminary stage. He said: “It’s so rare that units like this are built to be sold as opposed to let. They are perfect for small businesses or SIPP investors, and the quality of this project will be ahead of anything else in the Rushcliffe area.”
Chris Carlisle, director at Decorum Estates, added: “We are delighted to have secured this opportunity to deliver a further quality scheme, addressing the on-going demand for accommodation of this nature. Please get in touch.”