Wednesday 17 July 2024
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Nottingham

Landa Associates complete off-market deal to acquire Clifton high street retail investment

Nottingham-based commercial property experts Landa Associates have completed an off-market deal to acquire a commercial property investment in Clifton on behalf of their longstanding clients, Nijjar Group Ltd.

226-228 Southchurch Drive, prominently located in the heart of the Nottingham suburb, is let to a branch of Card Factory. The property includes retail accommodation on the ground floor and a hairdressing salon on the first and second floors.

Neighbouring occupiers include Boots, Greggs and Lloyds Bank.

Nijjar Group, a third-generation family property company headed up by experienced investor Kam Nijjar, acquired the property from an unnamed vendor who was represented by Bowcliffe Chartered Surveyors.

Nijjar turned to Landa Associates director Sunny Landa due to his long-established reputation for delivering high-level advice on commercial property acquisitions, encompassing valuation, strategies for rental growth and short, medium and long-term strategic planning.

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He said: “It was a pleasure to work with Sunny on this transaction. He was instrumental in getting the deal over the line – as I knew he would be after our many years of working together!

“Clifton has a lot of potential, retail-wise, but it needs fresh thinking to make it work. That is what we aim to bring, and Sunny understood this from the word go. His advice was invaluable.”

Landa said: “Kam is one of the leading lights of the Nottingham property scene, and as ever it was a huge honour to work on his behalf.

“This deal shows that off-market transactions are still very much achievable provided investors are willing to listen to an expert.

“It pays to bring a knowledgeable advisor on board. You can rest assured your future investment is safe and will meet your company’s objectives.

“I’d also like to thank Bowcliffe Chartered Surveyors, who acted for the vendor on this deal. They were consummately professional at every stage of the sale process – fantastic to work with. Hats off to them for making this a highly enjoyable transaction.”

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