A north Nottinghamshire industrial site has been bought up by a vehicle breakers for £2 million.
Bradford-based used car parts exporter Parts Emporium has bought the 6.2-acre site in Kirkby-in-Ashfield.
The sale was overseen by East Midlands commercial property consultancy Innes England.
READ MORE: {}
Innes England said the site includes a large amount of open storage land, with a pre-fabricated office building and gatehouse.
It also has long-term development potential with outline planning for 81 new homes.
It was sold on behalf of vehicle recycling company Charles Trent Properties.
It will become the second site for Parts Emporium, which specialises in breaking down cars and selling their parts to businesses overseas.
Innes England director Scott Osborne said: “This is a fantastic deal for Innes England and we are really pleased to have secured a great result the client in less than two months from receiving the instruction.
Most Read
“This is a sizeable deal surrounded by a mix of well-established industrial and residential dwellings in an appealing location, with easy access to the M1 motorway.
“We received strong interest early on and it is great that we were able to secure the sale within weeks of it first coming to the market.
“The industrial and logistics sector is buoyant at present and follows a trio of successful deals we secured recently at Castle Park, a prime industrial site in Nottingham city-centre – it is great that we are continuously disposing industrial property however there is becoming a shortage of supply and we would welcome the opportunity to discuss with property owners how best to disposal of their assets.”
Marc Trent, managing director of Charles Trent Properties, said: “We are really pleased with this deal and are delighted with Innes England’s ability to secure such a good value for this site.
“We chose to work with Innes England for this disposal for a number of reasons but felt that the consultancy was best placed to handle such a disposal in guiding us with in-depth knowledge and helping to manage our expectations.”