Commercial Property Partners (CPP) has sold the final unit on Aria Park, part of Sherwood Oaks Business Park located in Mansfield, on behalf of clients Priority Space and HG Sites.
CPP has advised on the project from the acquisition of the 2.7-acre site, right through to the successful marketing and sale of all 18 commercial units.
The land acquisition was completed in April 2020, upon receipt of planning permission for 18 new starter business units, which range in size from 1,250–2,750 sq. ft – totalling 36,2350 sq. ft. Construction began in April 2021 with 15 of the units sold off plan due to the strength of interest in the scheme, followed swiftly by a disposal of the final 3 units.
The sale of the final unit marks the successful conclusion of deals on Aria Park which have helped to attract a range of SMEs and start-ups to on site, resulting in new employment opportunities and further inward investment for Mansfield and the local area.
Commenting on the deal, CPP Director Stuart Waite said: “We are delighted to have advised on this scheme from site acquisition through to completing the sale of all 18 units. To have sold a considerable proportion of these units ‘off plan’ demonstrates the level of demand for high quality business space in the area.
“Congratulations to Priority Space and HG Sites for delivering the scheme in a challenging environment. We wish all of the new occupiers success in their new premises.”
Current occupiers include Diamante Crafts, Titan Stretchfilm, PW Pro, PNE Controls, Hall Fast and Morgan Wright, demonstrating the strong demand from local businesses for excellent quality premises with easy access to the town centre and the major road network.
Aria Park occupiers enjoy modern warehouse/industrial accommodation that includes security fencing and a gated entrance, designated car and cycle parking, electric car charging points, disabled toilets and kitchenettes.
Situated off Sherwood Avenue it is just 2.5 miles south of Mansfield and has excellent access to the A617, leading to the A38 and J28 of the M1, the A1 and Newark. Nottingham is approximately 14 miles to the south, via the A60.
Lee Buchanan from Priority Space added: “We are delighted to have completed the disposal of all 18 units so swiftly after achieving Practical Completion in April 2022. We purchased this site in 2020 with a view to developing out a speculative scheme to address the supply and demand imbalance for units of this size in and around the town, and to have sold all of the units to a such a diverse mix of local and regional companies is a fantastic result”
