PROPERTY


Units provide a home for small businesses


Associate Director at Innes England, Scott Osborne (pictured), considers how industrial units are giving small businesses a home to thrive in.


L-R: Martin Jinks, Partner at Nelsons, Ruby Ashby, Plot Sales Executive at Nelsons, Vanessa Gregory, Sales and Marketing Manager at Fairgrove, Mary Gharmount, Associate at Nelsons


Work starts on residential scheme at historic brewery


An historic brewery is being given a new lease of life as works start on a major housing development at the old Hardy and Hansons site in Kimberley, Nottinghamshire. Acting on behalf of house


builder and Chamber member Fairgrove Homes, fellow Chamber member Nelsons Solicitors has completed the purchase of phase one of the site, which has planning permission for 25 new build homes and five conversions. Contracts on the purchase


of the balance of the site have also been exchanged, which will lead to the refurbishment and conversion of the old tower and maltings buildings and the construction of new homes for Kimberley. Originally built in the 1800s,


the Kimberley brewery was a major employer in Nottingham but was sold in 2006 and since abandoned in 2011. Mary Gharmount, Associate


and Commercial Property Solicitor at Nelsons, said: “This development has been particularly challenging, due to the historic nature of the site and complexities surrounding applications for converting buildings in conservation areas. But a suitable agreement for Fairgrove Homes and the local authority has been reached and we think the planned properties will make excellent use of the derelict site.” Vanessa Gregory, Sales and


Marketing Manager at Fairgrove Homes, said: “Developing at historic sites can have its challenges, thankfully Nelsons is very experienced in the regulations for housebuilders and we have been really impressed with Mary and her team.”


58 business network October 2017


Industrial units were once exclusively home to the likes of factories, warehouses and workshops – but now small businesses are moving into the recycled buildings and turning them into trendy gyms and quirky microbreweries. Often the greatest hurdle for a


new company to overcome is securing a suitable property and committing itself to a commercial lease. But the numbers speak for


themselves – over the past 18 months, we have witnessed strong demand for small (sub 5,000sq ft) industrial units, which are attractive as they provide more flexibility and choice. In fact, the majority of property transactions have occurred in this sector and the demand is demonstrated by the strong rents in the market. We often hear about big


businesses and how the economy


‘Over the past 18 months we have witnessed strong demand for small (sub 5,000sq ft) industrial units’


and political landscape is affecting the way they trade, but what about smaller companies? It is small disruptive businesses that make a real change, paving the way for the


next generation of entrepreneurs. During 2016, there was record


take-up in the market, yet industrial supply in Nottingham is now at a ten-year low. The demand has been shown to exist but it can be difficult to reassure commercial property developers that this is the case. In Nottinghamshire, there is a


distinct shortage of commercial property and all forms of speculative development are warmly welcomed – these units are a good barometer of the local economy. Commercial property plays a vital role in the economy both as a direct and indirect employer as retail, financial and business sectors are impacted as a result of commercial development. Perhaps it’s worthwhile to note


that start-ups and small businesses need accommodation; in our opinion if you build it, they will come.


Development at Colliers Business Park is complete


FHP Property Consultants, in partnership with Rushcliffe Borough Council, has confirmed the practical completion of 15 industrial units at Colliers Business Park, with the first set of tenants already in occupation. The units range in size from 750sq ft to 1,750sq


ft and have been built to a high specification, providing quality warehousing situated in a shared and secure yard area with private parking. The estate benefits from transport links to


Nottingham, Newark on Trent and Leicester and is in close proximity to both the A46 and A52 dual carriageways, the latter giving good access to Nottingham’s Ring Road and the M1 Motorway. Anthony Barrowcliffe, of FHP’s Office and


Industrial Department, said: “We’ve been delighted with the levels of interest we have received, with lettings on ten units agreed before practical completion was announced. We are excited at the prospect of finding tenants for the remaining five units, which we are already seeing interest in.” FHP is now taking enquiries on


the second phase of the development, a commercial development plot available to purchase of circa 1.1 acres with planning consent for industrial, warehouse and office uses.


Anthony Barrowcliffe (right) with a new tenant


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