A 2.52-acre site at Pye Bridge Industrial Estate, with approximately 29,500 sq ft of accommodation, has been purchased by an investor for £2 million.
The site, located in Alfreton, provides opportunity for long term redevelopment, subject to the necessary planning consents.
The property was marketed and sold by local agents, BB&J Commercial.
Mark Richardson, Partner at BB&J Commercial, stated “This is an outstanding investment. There has been a distinct lack of freehold investment opportunities coming to market over recent years so the opportunity to acquire this one with such a strong tenant generated a lot of interest from a variety of potential purchasers.”
Richardson continued, “The market for this type of stock remains strong and the industrial property sector has generally been the one that keeps performing regardless of changes and differing demand in other types of property. As such we have a good list of potential investors on the lookout to add this type of stock to their portfolio.”
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