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Industrial unit sold in Throckley

Chris Dent / 9 Apr, 21

Unit 2 Westway Industrial Estate, Throckley has recently been sold as previous owners Hoults Enterprises Ltd seek to raise funds for further flexspace expansion.

The 9,816 sq ft property comprises a single storey semi-detached warehouse unit primely located adjacent to the A69.

“It’s great to get support from a local lynchpin surveyor,” says Charlie Hoult, fourth generation MD of the family firm. “Given the speed of this transaction, SW clearly has an excellent network across commercial and industrial property, drawing several offers in just days of placing this unit on the market. It’s great for us to free up capital which is earmarked for our expansion of Hyhubs co-working brand – we aspire to open more business centres configured for hybrid working post-pandemic.”

Acting for the Purchaser, Senior Partner Jabad Jaigirdar of JLF Law Firm said, “We were very pleased to advise on this important acquisition in an intensely competitive sector. I am delighted that the transaction completed at very high speed and in an efficient way, while also working fully remotely, which demonstrates the close collaboration between all parties involved.”

 

“We’re delighted to have completed on the sale of this unit on behalf of our retained clients Hoults. We were able to put the property under offer within days off bringing it to market which highlighted the units quality and the current strength of the industrial market in the North East.”

Chris Dent - Agent at Sanderson Weatherall
Topics: News

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