Derby Wholesale Market (Sale)
Rotherhill has successfully sold the former Derby Wholesale Market which is situated off Pentagon Island, Derby. The site is positioned on Chequers Road which runs parallel with the A52 thus being highly visible from the A52, a major dual carriageway linking to the M1 motorway.
The 3-acre site comprises a 25,000ft2 warehouse with ancillary buildings, with the remaining area comprising hard surfaced storage land.
The site has been sold to Richford Motors in a multi-million-pound deal. Richford Motors will occupy the site to service a number of contracts across Derby.
Edward Jeffrey of Rotherhill commented: “We are very pleased to have successfully completed a sale of the former Derby Wholesale Market site to Richford Motors having explored a range of development options. This is a well-configured site of scale with frontage to Derby’s principal access corridor, demonstrating excellent fundamentals. It was a pleasure to work with Richford Motors who were efficient and delivered. Our thanks go to joint agents FHP and CPP, together with our legal advisor, Howes Percival, for acting on our behalf.”
Darran Severn, Director at FHP Property Consultants commented: “This must be one of the most prominent sites in Derby and I am pleased to have completed the sale in what has been a great result for all parties involved. We received significant interest from day one from both owner-occupiers and developers. There were over 40 credible enquiries which we were able to whittle down to 9 serious offers, eventually going under offer to Richford Motors.”
Sean Bremner, Director at Commercial Property Partners commented: “From the inception of this project, we were all very confident this would prove to be an attractive opportunity to offer to the market. Numerous enquiries from a wide range of end users were forthcoming all wanting to take advantage of the profile and flexibility that the site offered. Congratulations to Richford Motors for securing it.”