Hermitage Lane, which we acquired in May 2018, consists of two terraces of eight units, totalling 23,750 sq ft. At purchase, the site was let to Mansfield District Council, which had sub-let the property to five different tenants.
Since acquisition, we have negotiated a dilapidations settlement with the council and sub-tenants and comprehensively refurbished the estate. The marketing campaign for the newly-refurbished units is now underway.
