Car dealership site in Nottingham changes hands

A dual-franchise car dealership site on Hucknall Road in Nottingham has changed ownership in a private off-market transaction.

The property, home to Hyundai and Citroën dealerships operated by Vertu Motors, had been owned by private investors for several years.

Salloway Property Consultants handled the sale on behalf of the sellers.

Director Stephen Salloway said: “Our clients are prudent family investors who regularly review their portfolio. While there was no immediate plan to sell, the timing of this approach aligned with other opportunities, and they were willing to consider a serious offer.”

The buyer was represented by Will Torr of heb, who said: “We were actively seeking long-term income for private investor clients and identified this site as a suitable addition to their portfolio. We opened a discussion with Steve Salloway and quickly reached terms that satisfied both parties.”

The Hyundai and Citroën dealerships on the site remain unaffected by the change in ownership.