An oriental food wholesaler has sold off its Nottingham warehouse for more than £2 million as part of a business restructure.
Asiana Ltd has offloaded the property at Blenheim Industrial Park, in Bulwell, to an unnamed investor.
The 38,000 sq ft unit, in Dabell Avenue, was home to the firm’s headquarters as well as a warehousing operation. The £2.2 million deal was brokered by commercial property agents Innes England.
Kapil Lathia, director of Asiana Developments, said: “We’re really pleased with this deal and it’s a great opportunity for the business torelocate to a more suitable premises.
“It’s been a win-win situation for both Asiana Ltd and Asiana Developments.
“As a result of the recent family business restructure we have now been able fulfil the requirements for each of our individual businesses.
“We chose Innes England for the disposal as we felt the firm was best suited due to its national contacts and expertise of the area.”
Scott Osborne, director at Innes England, who has been retained by the purchaser to identify a tenant, said: “Blenheim Industrial Estate is regarded as one of the prime industrial estates in the region and we received interest in the unit from a number of parties.
“Despite the current economic uncertainty, there is still strong demand for well-located and high-quality warehouse and industrial properties and we’ve already had enquiries about the lease.”
The modern, detached unit offers open span warehouse space, complete with two-storey offices and on-site parking, set within a secure gated site.
Located in a prominent position, the Blenheim Industrial Estate is just off Junction 26 of the M1 motorway and only five miles north of Nottingham city centre.
