Insider Media Limited

Another piece of Chek Whyte’s former property empire has been sold. CBRE Investors have bought a 32,165 sq ft warehouse in Mansfield for £1.4m from A B Saville and Peter A Blair, the receivers for Chek Whyte Industries. Whyte appeared on Channel Four’s Secret Millionaire three years ago.

The latest property to be sold off comprises six warehouse industrial units occupied by four tenants as well as one vacant unit. The site was constructed by Chek Whyte Industries in 2006. The vacant unit 3B is a self-contained unit of 3,270 sq ft. Current tenants include Andrew Page, Hertalan and Temati.

Noel Roper, managing partner at Fisher Hargreaves Proctor which sold the unit on behalf of the receivers, said: “Because this was a receivership sale, it was particularly complicated in view of the fact there were outstanding overidge payments to be made to Mansfield Council together with a number of legal issues which had to be resolved before the sale could be completed.”

Ben Blackwall, associate of FSP, said: “The property comprises a modern industrial estate which Client’s of CBRE Investors were able to acquire for a low capital value of £43.54 per sq ft. The age of the units means that capital expenditure will be low in the short to medium term and there is a good tenant demand for units, which is evidenced by the recent letting of the last available unit.”

CBRE Investors was represented by Franck-Steier Price (FSP).