Six-month turnaround for Newark industrial unit acquired by Rotherhill

Rotherhill has announced the sale of Brunel House, located within Brunel Drive Industrial Estate in Newark, following its acquisition of the unit in March 2023.

Purchased by a local creative event production company, the property is based in Newark’s principal industrial area and comprises a building of 27,500 sq ft with an additional extensive mezzanine, set upon a total site area of 2.65 acres.

Rotherhill purchased the property from Vodafone which operated it as a call centre facility. The building was originally constructed in 1989 as an industrial facility for Fleur de Lys Automobiles to manufacture vehicles.

Ed Jeffrey of Rotherhill says: “This property is in an excellent location within an established industrial estate and benefits from strong transport links. Understanding the local market and demand for good quality second-hand industrial space with extensive hardstanding / yard areas, we saw the opportunity to return the property to its originally intended, industrial, use. We are pleased to have sold the property to a successful Newark based business. The building will facilitate their growth and future job creation.”

Will Torr of heb acted on behalf of Rotherhill in the acquisition of the property and marketed the building alongside joint agent Anthony Barrowcliffe from FHP.

Will Torr of heb commented: “The acquisition strategy centred on repositioning the well-known call centre and re-offering to the market a detached warehouse with high quality offices, mezzanine and substantial yard. Subsequently, we received a large amount of interest and were pleased to see the building sell to an expanding local owner occupier.”

Anthony Barrowcliffe from FHP added: “I am delighted that after high levels of interest we could find the right buyer for this building. This new facility will support a local business’ growth and secure their future.”