Hot property in Ashfield and Mansfield

August 4, 2017 10:56 am

Invest Ashfield & Mansfield - The area for growth

It’s official, Ashfield and Mansfield is hot property.  In other words, properties here are in high demand, not only from occupiers but also from property investors.  This is even more noteworthy since the national trend is for slower growth and reduced demand due to ongoing uncertainty around economic conditions.

CRT Property Investments Ltd

CRT Property Investments has acquired the freehold of one of the UK’s largest indoor trampoline parks.  Supported by real estate company, Blue Marble Asset Management, they bought the freehold of a former industrial unit.  Their investment was in Red Kangaroo’s trampoline park at 2 Dabell Avenue on Blenheim Industrial Estate.

CRT Property Investments acquired the 38,000 sq ft former industrial unit at a net initial yield of 8%.  This was effected through an off-market deal.  Red Kangaroo currently has a 15 year lease and has invested over £500,000 here.  Furthermore, this operation features more than 130 trampolines and employs over 70 people.  Backed by an experienced leisure operator, Red Kangaroo plans to open three trampoline parks this year.  This site is its second, opening in June 2017, following one in Reading.  A third park is scheduled to open later this year in Coventry.

Property Investment and Development Director for CRT Property Investments is Shaun O’Brien.  Shaun commented: “This is an excellent investment for us, providing good long-term income, and also backing a new job-creating business.”

Tim Matthews is the Chief Executive of Blue Marble Asset Management.  Tim added: “We secured this investment as part of a clear business plan to maximise performance over time.  The letting to Red Kangaroo has revitalised a former industrial unit.  Furthermore, it will generate good long-term income from a company backed by TeamSport’s original team, the UK’s leading indoor go-karting company.”

CRT Property Investments is a subsidiary of the Coalfields Regeneration Trust (CRT).  CRT is the only organisation dedicated to supporting coalfield communities to help themselves.  Responding to the Government’s challenge to become self-financing, the property investment company provides returns.  In turn, this will allow the Coalfields Regeneration Trust to continue to create programmes meeting the diverse and complex needs of communities throughout the UK.

Hucknall IMEX Enterprise Park

This local industrial estate has seen a raft of new tenants in Q1 2017, thanks to a proactive marketing campaign by Lambert Smith Hampton (LSH).  Altogether, six new tenants have signed leases at the IMEX Enterprise Park, Hucknall.  This was due to Ben Silcock’s efforts on a refreshed marketing campaign.  Ben is a surveyor in LSH’s industrial team in Nottingham.

Marquee company Marshall’s Events Ltd has taken a two-year lease for unit G3, a 3,461 sq ft premises, while other new tenants are: Exclusive Cars Ltd, Value Add Service Ltd, Tunstall Partnership Ltd, and Leader Signs Ltd, which has taken one further unit at  IMEX.  LSH was appointed by landlords Map Property Investments to market the self-contained light industrial estate, which comprises 33 warehouse units over a number of multi-terraced rows.

Before Christmas there were six vacant units, but Ben Silcock said LSH was able to attract new tenants after targeting local occupiers through proactive marketing.  He further commented: “The enterprise park is a modern industrial estate offering very good accommodation.  Equally, it’s in a great location for Hucknall town centre.”

“These units are ideal for businesses either just starting up or wanting to grow.  Furthermore, since small business units only make up 13% of availability in the East Midlands there is a demand for premises such as these.  Using our market knowledge, we were able to attract the right tenants quickly and negotiate excellent terms for both the landlord and tenant.”

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