BB&J Commercial are pleased to announce the freehold disposal of Powermec House, Spondon to a local businessman.
The former cotton bud factory which is situated on a 0.34 acre plot and offers good quality office and workshop accommodation was the subject of high interest levels from owner occupiers, investors and developers alike. As a result of this interest and following a brief but intense marketing campaign we were able to invite offers on a ‘Best and Final’ basis with the agreed purchase figure surpassing the initial guide price of £300,000.
“The unique characteristics which Powermec House provides and the succinct lack of ‘bricks and mortar’ opportunities have combined to create a perfect storm which in turn and has driven freehold values in excess of the quoting price. It helps that the building appealed to a wide audience and given this factor, during our marketing campaign and indeed even whilst the property was under offer, the interest levels received were very impressive which shows that the appetite in the market for commercial property is as strong as ever.”
Should you have a property requirement or are considering disposing of your commercial property and require advice please do not hesitate to contact a member of our team either by phone 01332 292825 or e-mail commercial@bbandj.co.uk and we will be more than happy to assist.
