NG’s Double DIY Firm Success on Ivanhoe Business Park
2nd June 2017
Commercial property specialists NG Chartered Surveyors have brokered an off-market deal to buy two high-quality trade counters on the Ivanhoe Business Park in Ashby-de-la-Zouch.
Acting on behalf of Bassi Properties, part of Bassi Group Nottingham Ltd, Richard Sutton from NG Chartered Surveyors has bought two 5,000 sq ft units let to household names Screwfix and Toolstation.
“It’s great to get this deal over the line for our client. The units will be a fantastic addition to the Bassi Properties Portfolio offering excellent covenant strength. Once again, this deals amply shows NG’s local commercial property knowledge, and being able to source opportunities like this on an “off-market” basis is always advantageous to our clients.
“Ivanhoe Business Park is one of the East Midlands’ most exciting locations, and is home to some of the most successful businesses in the region. As the it grows, we look forward to completing more deals there for clients old and new.”
Avinash Bassi of Bassi Properties said:
“We are excited to add these two trade counters to our ever-growing portfolio, it is our first investment in Ashby-de-la-zouch which is fantastic as we are focussing our investments in the East Midlands area.”
Phil Randall of Salloway acted for vendor Clowes Developments and brokered the deal with Richard. Ian Torr at Cleggs Solicitors acted for Bassi Properties on the purchase.
Ivanhoe Business Park offers bespoke business and industrial units suitable for all types of business, from small independent start-ups to major manufacturers or distribution companies.
Totalling 29 acres, the site has seen extensive development in recent years with now over 47,000 sq ft of office space and 50,000 sq ft of industrial/warehouse space constructed.