Investment success for FHP across Chesterfield and North Derbyshire
FHP Property Consultants has reported a strong first half of the year in Chesterfield and North Derbyshire, with strong demand for its sites and properties across the area.
The company says it has seen a high amount of interest, particularly between Junctions 29 and 30 of the M1 motorway.
The office agency team has been dealing with a number of good quality enquiries which has led to the letting of 12,000ft² at Holmewood Business Park, Holmewood, a modern office park approximately 4 miles south east of Chesterfield. The 12,000 sq ft development comprises two lettings, one to Rutland UK , and the second to Harmony Fire who have several offices located across the country. Both businesses have committed to new 5 year terms and chose this location due to the connectivity to the M1.
FHP says there is one remaining office building at Holmewood Business Park comprising 5,267 sq ft, for which it already has strong interest, and the company believes it will be able to declare this “under offer” within the next couple of weeks.
The office team also has 6,000 sq ft “under offer” in Barlborough, just off Junction 30 which is due to complete any week with terms also out on an additional 12,000 sq ft office building in this location.
Darran Severn, Director at FHP Property Consultants commented: “It’s been hard work but pleasing we are seeing some of the deals we agreed earlier in the year completing. We are finding that enquiry levels are consistent and in some of these locations it’s a matter of unearthing the right occupier for the building.
Quality is key, and many of the businesses we are speaking with are looking for refurbished space that is immediately available for occupation. Both capital and rental values remain at existing levels, with typical lease lengths being between 5 and 10 years with breaks in year 3. Whilst there is an element of uncertainty in the air due to political and world events, we do require more stock across Derbyshire to satisfy ongoing requirements.”
The industrial agency team has also been busy working on several schemes in Clay Cross, the first being Wingfield View Business Park, which is being developed by Roe Developments. Wingfield View Business Park is a new industrial estate comprising 19 units totalling some 60,000 sq ft. The units range in size from 2,091 sq ft to 12,062 sq ft and have been available to purchase or lease.
FHP Property Consultants alongside joint agents are pleased to confirm that all units are now under offer with practical completion imminent.
Following the success at Wingfield View Business Park, Roe Developments has started construction on Egstow View Business Park, Clay Cross, which will offer a mix of trade counter and warehouse units. The scheme should be available for occupation around Q2 2025 and FHP has confirmed that there are already four units under offer on a leasehold basis including one drive-through unit.
Elsewhere in the Chesterfield area, FHP completed the sale of 12,500 sq ft unit in Whittington to another local occupier and haa let a further 3,000 sq ft at Spectrum Business Park, just south of the town centre. Due to the success at Spectrum Business Park, the owners are now looking to deliver further units that will hopefully be available in Q1 2025.
Looking to locate your business in a superb central location with proximity to several major UK cities? Find out more about investing in Chesterfield at: https://www.chesterfield.co.uk/business/invest-in-chesterfield/
FHP Property Consultants supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.
