Fox Lloyd Jones facilitates commercial property sale to Apollo Capital Group
Posted by The Editor
Strategic property and construction advisors, Fox Lloyd Jones (FLJ) has completed the sale of Cardale House, a 14,162 sq. ft. purpose-built office building in Harrogate’s established Cardale Park, to Apollo Capital Group for an undisclosed amount in the region of the £1.4m original guide price.
Acting on behalf of private investor and developer Trevor Wheatley, FLJ secured the sale of the freehold property on an owner occupier basis to Apollo Capital Group so that it can relocate its operations from Hornbeam Park in Harrogate and establish new headquarters in the town.
Apollo Capital Group, founded by industry specialists Andy King and David Moss, provides funding solutions for luxury, supercar, hypercar and classic vehicles for private clients and businesses. The directors have been active in the high-value automotive finance sector since 1997.
The sale generated strong interest from parties seeking rare freehold opportunities within Harrogate’s office market. Apollo identified Cardale House as a strategic opportunity to create a flagship base aligned with its future growth ambitions.
As part of its relocation, Apollo plans to transform the ground floor into a client entertainment space including the ability to showcase cars and creating a bespoke headquarters environment for their staff tailored to its brand and enhancing customer experience.
Originally developed by Wheatley in 2001, Cardale House has been occupied throughout by Intechnology and was constructed to a high specification, featuring a full-height entrance atrium, open-plan floorplates and secure on-site car parking spaces. The property occupies a prominent position within the established Cardale Park business district, just outside of Harrogate Town Centre.
Apollo’s directors, David Moss & Andy King, said: “Cardale House represents an exciting chapter for Apollo Capital Group. The acquisition of the 14,000 sq ft building provides the opportunity to create a bespoke headquarters for our business in a great location, and a working environment aligned with our reputation as specialists in the high-value vehicle finance sector, supporting high net worth clients and specialist motor dealers.”
“Importantly, now this will be an amazing space for the team and company to flourish in the next stage of our growth plan. We are extremely grateful for the support from Nick Salkeld and FLJ throughout the process.”
Nick Salkeld, director at Fox Lloyd Jones, said: “Cardale House represented a rare opportunity to acquire a high-quality freehold building within one of Harrogate’s most established business districts. Demand throughout the process demonstrated the continued strength of the Harrogate office market and the growing appeal of the town as a business destination beyond Leeds.”
“We’re pleased to have secured a successful outcome for our client and to support Apollo Capital Group in delivering its new headquarters. This transaction further reflects FLJ’s continued commitment to the Harrogate market and our track record of advising on landmark property deals across the town and wider Yorkshire region.”
