170,000 sq ft multi-let sold in Derbyshire
Commercial Property Partners (CPP) has brokered the sale of a multi-let business and distribution centre in Derbyshire.
EBDC, on the South Normanton Industrial Area, was acquired as part of a joint venture between Richardsons Capital and Thorngrove Land & Property.
The total site area is approximately 18 acres, including 3.5acres of higher value use development land. The current tenants include Equip Outdoor Technologies, Alliance Healthcare, Burrows Recovery and Morrison Utility Services.
Mark Watkins of Richardsons Capital of said: “We are very pleased to have secured the purchase of EBDC. The estate provides a good performing, income producing commercial complex with an impressive tenant line up providing opportunity for growth in the short term and obvious strategic plans moving forward.
“J28 is a popular part of the East Midlands and we are excited by the prospects this acquisition gives us.”
The instruction was handled by both CPP’s Sheffield office and Nottingham office, for client S Englender who had acquired the land and built a furniture manufacturing and distribution unit, which was later converted into a business and distribution centre.
Sean Bremner of CPP said: “This is a significant transaction for CPP demonstrating our ability to promote regional investment property to a national market. Strong interest has been expressed since its introduction and we are delighted to have secured the sale to Richardson’s Capital and Thorngrove Land & Property.
“Personally, it is a site I have worked on for 13 years dealing with various lettings and we look forward to continuing our involvement with the new owners both in an agency and property management capacity.”
