Further Regeneration

In 2014 a small part-occupied industrial estate of three units, at Swains Park, Overseal on the Derbyshire/ Leicester border was identified. We quickly undertook due diligence and acquired the estate as soon as the legal process would allow. The ownership and rights were a little complex but we could see a way to add value by stripping out the empty units, refurbishing them and offering the attractive units to owner occupiers. We were once again pleased that a local and substantial manufacturer became interested and bought the whole estate for their own occupation within a matter of months. Keystone Ltd has since moved a new production facility onto the site and new life has been breathed into the estate.

In February 2015 a tenanted 48,000 sqft industrial unit was acquired from the Official Receiver at Clovernook Industrial Estate, Alfreton, Derbyshire. The lease had less than two years to expiry and the Regeneration Group, working with the multinational tenant Recticel, agreed and documented a new lease expiring in 2031 with a break in 2027. This significantly enhanced the investment value, and the property is being held for the medium term.

In October 2017 another investment property, this time comprising 17,500 sqft, was acquired at Kirkby-in-Ashfield, Nottinghamshire. The unit is being held as a short/ medium term investment with a refurbishment angle. This takes the investment activity of the Regeneration Group to over 235,000 sqft.

The Regeneration Group are actively seeking out further industrial investment/ development opportunities. We are cash buyers and make quick, decisive decisions.

For further information or property propositions please contact -
John Boanas
Tel: 07787 281 429

or
Colin Benson
Tel: 07881 780 077


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Swains Park, Overseal, Derbyshire