With Autumn nearly upon us, BB&J Commercial have been as active as ever within the commercial property market.
With the start of the school summer holidays back in July, it would have been common to expect a drop in the demand for commercial acquisitions across the sector, however BB&J are pleased to have been consistently active during these typically quiet months. We have had a busy time agreeing a number of disposals such as: –
The successful sale of 1-3 Carlton Road, a potential redevelopment site located in a former children’s day care nursery situated just off Burton Road. The freehold was purchased for £260,000 by a local developer looking to return the nursery to its former glory facilitated by BB&J’s Mark Richardson.
The recent purchase of 52 Ashbourne Road by local investors The Sadler Gate Co for a price of £550,000. The sale was overseen by Cameron Godfrey and went to a best bids scenario. The investment comprised an existing residential building split into 4 self-contained flats along with 14 lock-up garages, each occupied generating a total of circa £33,000 per annum representing a return of 6%.
We have also agreed both sales and lettings of numerous opportunities across the region including a deal agreed for the freehold interest of 4a & 5 Bramble Street Derby, a site that includes two office buildings with development potential within close proximity to the much-anticipated Becketwell Regeneration scheme. We have also agreed a deal for the freehold interest on 73 Monk Street, a site comprising 0.22 acres currently used for car sales that has re-development potential for residential apartments, and a lease agreed on Unit B3 Crown Park, a newly constructed mid-terraced trade counter/warehouse unit located on Parcel Terrace.
Cameron Godfrey of BB&J Commercial comments:
“The summer holidays have not affected BB&J’s activity within the market, which as seen with our recent successes highlights the commercial property market has remained active through what would usually be assumed a ‘quiet period’. We are currently marketing a number of opportunities across numerous sectors throughout the region and would urge any interested party to get in touch to discuss further details and their requirements. “
If you are looking to sell or lease an existing property or need more information on our available properties, get in touch with our agents today on 01332 292 825 or alternatively email commercial@bbandj.co.uk
