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Acquisition of Units for McDonnell Price (Roofing) Contractors Ltd
Hughes Paddison recently acted on the successful acquisition of 3 Units for McDonell-Price (Roofing) Contractors Limited at the newly constructed Gabwell Business Centre at Quadrants Way, Hardwicke, Gloucester.
McDonnell-Price initially approached Hughes Paddison to assist them with the purchase of 1 Unit in November 2018 to be used as the growing roofing contractors new head office having outgrown their previous premises in Stroud. Hughes Paddison, subsequently advised and assisted McDonnell-Price with the acquisition of two further Units over the course of 2019.
Patrick McDonnell the Managing Director of McDonnell Price states that “the acquisition of the Units on the Gabwell Business Centre is a culmination of many years hard labour in the roofing trade and it is a very proud moment for me personally to see the fruition of a vision that I have held for quite some time now”.
Patrick masterminded the fit out of Unit 1 Gabwell Business Centre to be used as the headquarters of the McDonnell-Price operation which was purchased as a vacant shell on completion. Paul Harris comments that “it is very impressive to see the transition from essentially an empty shed to an incredibly smart and professionally fitted set of offices”.
Of the other two Units that McDonnell-Price purchased – one is currently being let out to a commercial tenant and the other one is currently vacant although may well serve as another rental property for McDonnell-Price. Patrick says that they have no plans to further expand the McDonnell-Price empire just yet but watch this space……
If you require any advice on commercial property purchases, leases on any other commercial property matters generally please contact firstname.lastname@example.org and one of the team will be happy to assist.