Laura West undertook various commercial property transactions between January 2012 and March 2013, including sales, lettings, and acquisitions of industrial, warehouse, and office spaces across Nottinghamshire and Derbyshire. Some highlights included the sale of a 31,331 square foot property in Newark for £787,500 in January 2012, letting a 15,000 square foot space in Riddings for indoor sports use at £2.50 per square foot in March 2012, and selling and letting several units at Park Court Business Park in Kirkby in Ashfield in September 2012.
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Lw deals done
1. A Selection of Transactions Personally Undertaken
by Laura West
January 2012 to March 2013
2. January 2012
Sale of Hawton Lane, Newark
+ Client – Wolsey Group
+ Type of Transaction – Surrender of an existing
12 year lease and sale to two local occupiers.
+ Size – 2,911m² (31,331ft²) on a site of 4.09 acres
+ Price - £787,500 (£25 ft²)
3. February 2012
Thurgarton Lane, Hoveringham
+ Client – Bell & Webster
+ Type of Transaction – Lease assignment from
14th July 1961 expiring 24th December 2059.
+ Size – 6,045m² (65,057ft²)
+ 3.606 hectares (8.913 acres)
+ Price – £500,000
+ 7.8m eaves with 12 tonne cranage!
4. March 2012
Amber Business Centre, Riddings
+ Client – Commercial Estates Group
+ Type of Transaction – Letting
+ Size – 15,000 ft²
+ User – change of use successfully granted for an
Indoor cricket and soft play operation
+ Rent - £2.50ft²
+ Over 180,000ft² of lettings concluded in last 2 years
5. April 2012
Berristow Lane, South Normanton
+ Client – Langham Park Developments
+ Type of Transaction – Letting
+ Size – 24,726ft²
+ Rent – £3.50 per sq ft
+ Final letting within a scheme of 5 units, totaling
145,000ft²
6. May 2012
Isabella Court, Mansfield
+ Client – Royal Ordnance (Crown Services)
Pension Scheme
+ Type of Transaction – Investment Purchased and
Several Lettings concluded throughout 2012
+ Size – 32,165ft²
+ Rent - £5ft²
7. June 2012
Giltbrook Industrial Estate
+ Client – PMW Property Developments
+ Type of Transaction – Sale
+ Size – (11,629ft²)
+ Price – £450,000
+ Under Offer in 2 months – after another agent
had marketed the unit for 18 months!
8. July 2012
Family Church, Basford
+ Client – Trustees of the Family Church
+ Type of Transaction – Sale
+ Size – 3,045ft²
+ Price – £165,000
+ Prominent detached premises, lots of interest
from an early stage of marketing!
9. August 2012
Air Cargo Centre, East Midlands Airport
+ Client – Segro
+ Type of Transaction – Letting
+ Size – 3,851ft²
+ Rent – £6ft²
+ Estate now fully let!
10. September 2012
Park Court Business Park, Kirkby in Ashfield
+ Client – Richard Walker & Son Hauliers Limited
+ Type of Transaction – Sale (2 units Sold)!
+ Size – 2,500ft²
+ Purchase Price – £165,000 (£66ft²)
11. October 2012
West 28, Alfreton
+ Client – PMW Property Developments Ltd
+ Type of Transaction – Acquisition
+ Size – 74,000ft²
+ Price – £950,000
+ Price reduced from £2.7million having been on
the market for over 2 years!
12. November 2012
The Courtyard at The Village
+ Client – NAMA
+ Size – 1,066 – 2,069ft²
+ Price – reduction from £175ft² to £115ft²!
+ Acting on behalf of the Receivers, we have taken a scheme
with only 2 occupiers to having a further 2 units sold and
another 2 under offer.
13. December 2012
Abbey Trade Park, Mansfield
+ Client – Abbeyfield Estates
+ 5 new trade counter operators welcomed to the estate.
+ Travis Perkins, Yesss Electrical, Hi-Q, Chips Away and Tru
Plastics
+ 100% let within 12 months
14. January 2013
Lockwood Close
+ Refurbished office and light industrial unit - 7,352ft²
+ Successful change of use application granted from
B1/B8 to D1 (Non Residential-Institutions)
+ 5 year lease with an option to purchase at £325,000
15. February 2013
Chrysalis Way, Langley Mill
+ Bespoke industrial/warehouse/office premises
+ Sold part way through construction
+ On the market with another agent for 2 years.
+ Sale agreed and completed within 6 months of marketing.
16. March 2013
Amber Business Centre, Riddings
+ 25,200ft² detached unit with a large secure yard!
+ Let to an existing occupier expanding from 10,000ft²
Looking to remain on the estate.
+ Full refurbishment program agreed between both
parties.
+ Straight 10 year lease term!