Commercial property agents, Rushton Hickman Ltd, has just sold an 11,769 sq ft two storey modern office property on behalf of a private investment client to local businessman and optometrist, Mr Raheel Fayyaz.
The Derby Turn Building is located along Derby Road, Burton upon Trent and is a part let investment, providing ample car parking.
Mr Fayyaz intends to convert the unoccupied space into high quality two bed residential apartments, which he hopes to bring to the market in February 2022. Rushton Hickman have been retained immediately as the commercial property agents for marketing ground floor Suite 2, which will provide office or dry storage accommodation suitable for a business looking for swift occupation on a short or long term basis.
Mr Fayyaz said: “The Derby Turn building presented an attractive opportunity for a residential conversion following a viewing with Simon from Rushton Hickman. The location and numerous parking spaces further added to the viability of the project.
“I have worked with Simon and his colleagues for a number of years, having completed a number of acquisitions through them and trust their knowledge and guidance completely. We hope to add quality housing which is much needed in the area to the rental market in Burton on Trent, by offering luxury living at affordable prices.”
Rushton Hickman commercial property agent, Simon Walker, said: “We are delighted to have recently concluded the sale of The Derby Turn Building. The property benefits from easy access to the main A38 arterial route and is close to Burton upon Trent town centre and railway station, which makes for an ideal site to consider for a residential accommodation conversion.
“We very much look forward to continuing our business relationship with Raheel in the future and agreeing terms on more property projects with him.”
