On behalf of the landlord, BB&J Commercial is delighted to announce the successful completion of a new off-market lease at 772 London Road, Derby, DE24 8UT.
The property was let to Speedy Asset Service Limited, following the surrender of the existing lease with long term occupiers HSS Service Group Limited.
Acting on behalf of their client, Cameron Godfrey and Mark Richardson of BB&J Commercial navigated a complex and fast-moving transaction to secure the letting of this prominent industrial site.
The property, a well-located and versatile industrial unit measuring 21,170 sq ft (GIA) with a substantial yard area, occupies a key position on London Road, providing excellent accessibility to Derby and the wider East Midlands.
Cameron Godfrey, Surveyor at BB&J Commercial, commented: “Securing an off-market transaction of this scale presented a number of challenges. The existing lease with HSS needed to be successfully surrendered before a new tenant could be introduced. This required careful negotiation and coordination with all parties involved.
On top of that, high demand for well-located industrial units with significant yard space in Derby added pressure to deliver a solution quickly for the ingoing tenant whilst retaining our client’s position.
Despite these complexities, we were able to complete the deal in just five months, which was only made possible thanks to the tireless efforts of Zoe Romain and Oliver Maxwell at the Smith Partnership, whose guidance ensured a timely conclusion before the New Year’s end”.
Mark Richardson, Partner at BB&J Commercial, added: “This was a deal completed literally a couple of days before Christmas and against a very tight time-frame. With the benefit of very strong local evidence and market knowledge we were able to negotiate a new rent at nearly double what was being paid by the outgoing tenants so needless to say this was an extraordinarily great result for both us and our client.”
The deal highlights the continued strength of the Derby industrial property market, where operators are increasingly seeking well-located units with flexible layouts and generous external yard areas.
If you are an industrial landlord or property owner considering a lease event, re-gearing opportunity or exploring off-market demand for your asset, BB&J Commercial provides strategic, discreet advice tailored to the Derby and East Midlands market.
Our agency team works closely with landlords to maximise rental performance, reduce void periods and secure the right occupiers, even in complex or time-sensitive situations.
To discuss your property or receive confidential market advice, contact Cameron Godfrey or Mark Richardson at BB&J Commercial.
Call: 01332 292825
Email: commercial@bbandj.co.uk
