Independent property consultancy, , has assisted Highfields Properties with the letting of four commercial units in the Staffordshire Moorlands.

 

The local developer investors were considering the purchase of the 8,677 sq. ft unit on Station Street, Leek, but the building was in a severely dilapidated state. As a building formerly occupied by an engineering company, it had quirky features like a cellar and lean-to extensions, and it was in a general poor state of repair after being vacant for a period of time.

 

Highfields Properties approached the property consultancy for advice about the potential of the building and how it could be transformed into a profitable asset. Richard Mounsey, Director at Mounsey Chartered Surveyors, advised the client to divide the building into smaller units, improve the parking facilities and invest in a new roof. Knowing the scope of its potential, the client purchased the property and put the refurbishment into action to transform the asset into market-facing units.

 

The four finished units were put to the commercial rental market by Mounsey Chartered Surveyors, where the team tested the waters on social media for an initial soft launch. Three of the units were snapped up almost instantly by local businesses, including luxury fashion brand British Boxers. And with a bit of extra marketing, including a brochure and website listing, the fourth unit was let to a local personal trainer.

 

CEO of British-Boxers.com, Deb Price, was extremely happy with the whole renting process. She said,

“When we first found Station Works it was a derelict warehouse with no roof. Mounsey Chartered Surveyors were great to work with because they acted as a go-between with ourselves and the landlords. Working with Mounsey’s made the whole process a pleasure to complete.”

The landlords made the necessary adjustments to the warehouse and attached office so that it quickly became a workable building again. We were even able to move product into the warehouse before the main office was completed. Working with a surveyor [Mounsey] who understood the need to complete as soon as possible and then most importantly, to act on that and make it happen was an absolute pleasure. We cannot recommend them highly enough.”

 

The sought-after units are already proving to be a successful investment for both the client and tenants. Richard Mounsey commented, “We part-managed this property investment from start to finish. It’s been a pleasure to continue our working partnership with a fantastic local developer. From advising them on the initial potential of the property, to seeing the final product with sitting tenants is a stellar achievement for all businesses involved as well as the local area.”

 

With planning consent in place to build a fifth unit on-site in the future, this investment continues to offer opportunities for local businesses to set up shop in the Staffordshire Moorlands.

 

Steve Dale, Director of Highfields Properties, commented,

“Mounsey Chartered Surveyors have played a crucial part in the success of Station Works Industrial Estate, they provided expert advice and assistance from the initial consultancy advice through to the completion of the lettings.

The advice provided gave us the confidence to proceed with the development which has proven to be a success and, as such, we are looking to have another unit built on site which we will instruct Mounsey Surveyors to dispose of.”

 

Mounsey Chartered Surveyors specialise in commercial property advice, including surveys and valuations. Visit www.mounseysurveyors.co.uk for more information.

Richard Mounsey Director

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