A former industrial site near Wisbech has turned its fortunes around after facing a bleak future thanks to the collaborative support of Fisher German’s teams. The site off Middle Drove became available when former owner RJ Herbert Engineering went into administration in 2017, and Fisher German’s commercial agency team arranged a sale with MCR Property Group.
The new owner subsequently hired Fisher German to manage the site and maximise the value of the site’s buildings and assets. Since our involvement, 36,500 sq ft of space on the site has been sold or leased to four new occupiers, making the warehouse commercially viable again.
Our planning team also secured residential permission to convert an old chapel on the site into a two or three bedroom house.
Mathew Brandon, associate at Fisher German’s Bedford office, said: “When we were appointed to sell the site, we negotiated RJ Herbert Engineering’s surrender of the lease and the re-granting of a temporary lease as the company began to wind down. We then identified the units on the site that could be separated and launched a marketing campaign to sell the remaining industrial space. Three units have been sold and another leased to four different occupiers, which is a great outcome.
Our planning team’s achievement in getting permission to turn the tired chapel into a new home is an impressive result too. It was a challenging site due to the remote location, but by utilising the expertise of our planning and commercial agency departments we have turned an ailing industrial site into a multi-occupied business industrial park with a bright future.”
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