NG Limbers Up with Loughborough Gymnastics Club Gym Expansion
31st January 2017
Commercial property specialists at NG Chartered Surveyors have completed a deal that is set to bring forward the next generation of Olympic gymnast hopefuls.
NG, acting on behalf of its client, Dean Property, has let the 7,500 sq ft Unit 9 on Weldon Road Industrial Estate in Loughborough to the Loughborough Gymnastics Club.
The club took its first unit in Spring 2014. The deal to expand into Unit 9 will see it double in size on the Weldon Road Estate.
Richard Sutton, director at NG Chartered Surveyors said:
“Having secured the continued support of Charnwood Borough Council, which granted them a personal planning consent for their necessary change of use, the landlords were delighted to do a deal which will go a long way to supporting Olympians of the future.
“NG also worked on the initial deal to bring Loughborough Gymnastics Club to Weldon Road, so it’s particularly pleasing to see that the move has brought such swift success. We look forward to watching the club grow further over the years.”
Kathryn Ford, Head Coach and Club Trustee, said:
“Our vision was always to expand, but we had set a five-year target, so with Unit 9 becoming available only 18 months after we had moved into Unit 8, we were not even considering expanding at this point. However, with 600 people on our waiting lists and current sessions maxed out every day of the week and at weekends, we decided it was worth the risk and to increase our capacity now.
“The whole club is now very excited about the pending expansion, and the impact that this will have on both our existing participants and those who have been waiting for a long time for a space will be huge. We will be able to offer new sessions, more space and equipment as well as new employment and voluntary opportunities.
“We have a long way to go with fundraising, but thanks to our recent Aviva win, the expansion can start. As a charity and mostly reliant on volunteers, sometimes it can be a challenge, but we are confident that we will make this a success and look forward to opening the new centre along with many new opportunities for people in our local community.”
Ian Torr of Cleggs Solicitors provided legal advice to Loughborough Gymnastics Club.
Coming straight off the back of this success, NG have also completed the letting of 5700 sq ft on Kernan Drive to Eurocell and sold the hybrid Innovation House, another 5700 sq ft unit to owner occupiers 19 Ltd. These three deals take both Weldon Road and the Swingbridge Road Trading Estate back to 100% occupancy and consolidated rental growth.
The Swingbridge Estate ,totalling some 55,000 sq ft in 5 units, has just been sold to Catalyst Capital as part of a multi-million pound portfolio. NG have been retained by the new owners as sole agents to continue the good work.