Freehold property sold to vehicle handing and rescue firm

FHP has confirmed the sale of a freehold property in north Nottinghamshire, consisting of nearly 20,000 sq ft of trade counter and warehouse space in Mansfield.

The property was sold to Richford Motors, a vehicle handling and rescue solution firm.

Tim Gilbertson, who dealt with the sale, said: “My thanks to not only my longstanding clients here but also Phil Richford of Richford Motors for their assistance in ensuring that this sale went through quickly. It’s another success story for us, a further building of just under 20,000ft2 on a large site sold in north Nottinghamshire, reducing available stock yet again, particularly on a freehold basis.

“As we enter the summer period, there is undoubtedly better momentum in the industrial and distribution sector, particularly for freehold sales of all sizes as stock levels continue to diminish, which is great when it results from successful sales and lettings, as is the case here, but we are finding more and more parties frustrated by the lack of available options.

“Hopefully, this will change later in the summer once the holidays are over as it would be fabulous to build on the current momentum in the market and achieve more disposals before the end of the year. My thanks and best wishes to our purchaser here for his continued success and expansion.”