Loughborough property market is full of good news
29th April 2014
At NG Chartered Surveyors we’ve talked before about the gathering momentum of the commercial property market in the East Midlands, and 2014 appears to be gathering even more forward momentum if April’s activity levels are anything to go by.
At the beginning of March NG was marketing six different industrial units in Loughborough for a diverse range of clients ranging in size from 1,200-7,500 sq ft. Now they are all either sold, let or are under offer – a true barometer of the pace of the market. This pace of acceleration has been quite astonishing. NG represents individual property owners, privately owned property companies as well as the larger property owning institutions within the town.
Our successes have been across the board; in fact we have achieved disposal terms in excess of our client’s expectations – something that always goes down well.
It isn’t exactly a secret that Loughborough’s commercial property market hasn’t always been strong, but not since pre-recession days has interest been as positive as it is right now. NG Director Richard Sutton has had an involvement in all of this month’s deals, and is now reporting approaches from occupiers who want to try and secure buildings that aren’t even on the market.
Richard says: “Yes, it’s true; where we look after multi-occupied estates I am receiving interest particularly from owner occupiers wanting to try and secure a position on units that may be coming to the market later in the year. This is symptomatic of the steep upturn in the local market.”
Richard’s message is simple: if you have a property in Loughborough, and are considering a sale or letting, now might just be the right time to give NG a call.