Carlton Mill Sold to Residential Developer
15th January 2015
NG Chartered Surveyors has completed the sale of Carlton Mill in Nottingham.
Henry Henson at NG Chartered Surveyors acted for the Vendor who owns a company creating bespoke high end furniture at the premises, but was looking to downsize his office and factory space.
Carton Mill is a three storey brick built former mill building with planning consent which was granted in 2004 for 3 one bedroom flats and 8 two bedroomed flats with an adjacent three bedroom townhouse.
Henry said: “Interest for the property was extremely high which was predominately from investors and developers. We received numerous offers and proposals but by understanding the client’s objectives, we were able to tailor a deal to best suit their requirements and help factor in a suitable time frame for their relocation.”
The purchaser, Aldred Property Management, will now be carrying out the redevelopment of the property themselves.
Andrew Aldred said: “We bought Carlton Mill as part of a long-term investment strategy.
“The building came with the benefit of planning in place, so the Works that had been started, a residential conversion, will be completed.
“Henry was professional, reliable, responsive, pragmatic and straightforward throughout the deal process.”