NG motors on with another £1m deal
28th October 2019
Commercial property specialists NG Chartered Surveyors have brokered a sale and leaseback deal of a 9,500 sq ft industrial property in Loughborough.
NG acted on behalf of S&A Auto Services who will take a 10-year lease of the unit, which is located at Unit 7, Messenger Close. The private investor buyers, REIG, were clients of MK2 represented by Mark Rooke.
Richard Sutton, managing director at NG who brokered the deal, said:
“NG have acted for S&A Auto Services for over 20 years and through Local Mechanic this is the latest of a number of transactions we have completed for the company, which have included purchases, lettings, lease renewals and rent reviews – all of which highlight the versatility of the NG offer.”
“The deal will free up equity to help S&A continue to grow and I look forward to working with them in the future. helping the company to continue to thrive.”
Mark Rooke said:
“We were delighted to act for REGI in this purchase which represents another great deal for them adding to their existing portfolio.”
The property enjoys a prominent position on Messenger Close and is situated off the A6 Derby Road in the popular Belton Road Industrial Area to the north of Loughborough town centre.
The unit’s location just off the A6 provides easy access to J23 & J24 of the M1 being approximately 5 miles away. Companies located close by include 3M, Polypipe Civils, Artform and Barclays Bank.