Just under 20,000ft² of trade counter/warehouse space has been sold in the heart of Mansfield.
The freehold opportunity was snapped up by the expanding Richford Motors, an Alfreton-headquartered vehicle recovery operator established in 1990.
The purchaser of the site and premises, Phil Richford of Richford Motors, said: “We are very happy with our new site in Mansfield, this site is to complement Richford Motor Services Ltd in their continuing growth and keep vehicle recoveries local to the Mansfield area, create more jobs locally and help with minimising our carbon footprint.
“The site will be fully refurbished to a high standard. We will be advertising for job opportunities to get the site up and running promptly.”
Tim Gilbertson, of FHP, who dealt with the sale, said: “My thanks to not only my longstanding clients here but also Phil Richford of Richford Motors for their assistance in
ensuring that this sale went through quickly.
“It’s another success story for us, a further building of just under 20,000ft² on a large site sold in north Nottinghamshire, reducing available stock yet again, particularly on a freehold basis.
“As we enter the summer period, there is undoubtedly better momentum in the industrial and distribution sector, particularly for freehold sales of all sizes as stock levels continue to diminish, which is great when it results from successful sales and lettings, as is the case here, but we are finding more and more parties frustrated by the lack of available options.
“Hopefully, this will change later in the summer once the holidays are over as it would be fabulous to build on the current momentum in the market and achieve more disposals before the end of the year. My thanks and best wishes to our purchaser here for his continued success and expansion.”
