Sole agency on office freehold sale to charity occupier

Sole agency on office freehold sale to charity occupier

Eddisons incorporating Barker Storey Matthews was the sole agent acting for the landlord in the sale of the freehold of office space in north Cambridge to a faith-based charity.

The charity is the owner occupier of 6 Trust Court at the Vision Park office complex in Histon, three miles from the/Cambridge city centre

The 1,749 sq ft (162 sq m) recently, refurbished, self-contained office accommodation was offered to let with six car parking spaces.

The sale price remains commercially confidential.

Vision Park, Histon is a popular business park with good access to the nearby A14 and public transport options via the Cambridgeshire Guided Busway.

In commenting on the office market in the area, Ben Green, of Eddisons’ Cambridge office, said, “Despite the pandemic and a weakened office market, freeholds are in high demand – particularly from owner occupiers, as in this instance – in the context of very low supply in the market, presently.”

For more information on office accommodation for sale or to let in the Cambridge area, contact Ben Green at the local office of Eddisons, tel 01223 467155, [email protected] or see eddisons.com/barker-storey-matthews.

Budget 2021: Eddisons incorporating Barker Storey Matthews comments

Budget 2021: Eddisons incorporating Barker Storey Matthews comments

Measures announced by the Chancellor of the Exchequer in the Budget Statement (03 March) regarding the extension of business rates relief, reduced VAT rates and the furlough scheme are welcome but remain too focused on the short term and the assumption of the smooth roll-out of the current roadmap out of business lockdown.

That’s the view of leisure and retail specialists of Eddisons incorporating Barker Storey Matthews in considering the effect the Budget Statement will have on operators in the sector.

The extension of full business rates relief will now run until the end of June (2021) and at two thirds of the normal charge for the remainder of the year. Yet, as it stands presently, all current lockdown legal restrictions will not be lifted until 21 June.

Many business operators in the retail and leisure sectors will be ‘testing the water’, as they are permitted, in the months running up until June. However, it will only be from mid-June when hospitality businesses can operate in anything like pre-pandemic circumstances in anticipating also that customers will return with confidence too.

The timeline for the maintenance of lower VAT rates is also too short for leisure operators against the backdrop of lockdown lifting and consumer confidence returning, according to Eddisons.

The current five per cent reduced VAT rate will operate only until the end of September this year (2021), lifting to 12.5 per cent until April 2022 when it will resume at 20 per cent – the pre-pandemic level.

Again, in following the current roadmap for the lifting of lockdown restrictions in England, this means that, in just over a year’s time (April 2022), businesses who have been closed for the best part of 12 months at this point (March 2021) will be expected to be operating at a level at which they can return to VAT outlay at the 2019 level.

The announcement in the Budget of the retention of the furlough scheme until the end of this September will help businesses to plan, in one respect, contrasting with the previous announcement of the scheme’s extension which was so close to the end-of-scheme deadline.

Commenting further on Eddisons’ response to measures affecting the retail and leisure sectors, Julian Welch, Director – who is based in the Eastern region – said, “The measures are welcome but could have been more meaningful were they extended to a more mid-term timescale.

“If there are no bumps in the roadmap and we have a spring and summer of something like ‘normal’ trading, that will only claw back some of a year’s severely restricted – or totally absent – trade.

“There may, indeed, be an initial consumer spend bounce in the late spring and early summer. But many consumers may take any window of opportunity open to travel abroad in the late summer and not spend in the UK.

“But, after that, consumers’ thoughts will, undoubtedly, be turning to September, the end of the furlough scheme and the consideration of their own household’s financial circumstances for what might lie ahead.

“As notable for the measures the Chancellor did address were those that were absent from the statement.

“The chance has been missed to address the glaring power imbalance between high street retailers and the online giants that existed before the pandemic.

“Lockdown has served to boost online operators pre-pandemic ascendance – and profits – at the expense of traditional high street operators who were forced to close.

“Much deeper fiscal easing for high street retailers and operators in the food and beverage sectors is required in order to ensure their survival and in recognition of their contribution to the viability of town and city centre economies.

“Similarly, the inequality of the business rates regime has been thrown in to sharp relief by the pandemic. This presents the authorities with the ideal opportunity to address this outdated regime – the reform of which business operators and sector professionals have long been calling on.”

For any press queries, please contact:
Richard Jones, Eddisons incorporating Barker Storey Matthews, 01733 897722, [email protected]

New industrial premises in place for summer occupation

New industrial premises in place for summer occupation

The roof is in place on brand new industrial premises at Eagle Business Park, Yaxley, on the southern outskirts of Peterborough, where Barnack Estates UK Ltd is well underway with phase two of this development.

Falcon House, Harrier Way is a 10,050 sq ft, detached, two storey industrial unit which, as the sole agent, Eddisons incorporating Barker Storey Matthews  is offering to let as one, large, full sized unit or as two semi-detached units of 4,050 sq ft and 6,050 sq ft and will be ready for occupation early this summer (2021).

Joinery giant Howdens is the neighbouring occupier of a 10,000 sq ft warehouse/trade counter unit at the companion development of Harrier Court, where it began trading last autumn (2020).

Whether one or two units, the Falcon Court premises have offices and cloakrooms with the option to add additional office at ground floor and first floor levels, subject to negotiation and the internal build schedule.

Falcon House is approved for B1 & B8 uses and offers good levels of parking and a yard with security barrier. It is the latest new-build addition to be offered to let on this, the second phase of development at Eagle Business Park which fronts on to Broadway in Yaxley and is now a well-established business location.

Eagle Business Park is close to Junction 16 of the A1(M) at Norman Cross and onward connections to Peterborough’s Parkway System and, to the south, the newly upgraded A14 and network of local access roads across Huntingdon.

According to the agent, the development of Eagle Business Park’s phases have played a leading role over the past decade in profiling commercial and industrial opportunities on the southern side of Peterborough.

Richard Jones of Eddisons said, “The presence of national operators boosts that of regional and independent occupiers at Eagle Business Park.

“The second phase of development has built on the success of the park’s original phase and provided an additional opportunity for light industrial occupiers to trade from what is now an established business location.”

Viewing of Falcon House, Harrier Way, Eagle Business Park, Yaxley is strictly by appointment through Eddisons as the sole agent.

To arrange a viewing or for more information, contact Richard Jones at the Peterborough office, tel 01733 897722, [email protected] or see eddisons.com/properties/falcon-house-harrier-way-yaxley-peterborough-cambridgeshire-pe7.

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For any press queries, please contact:
Richard Jones, Eddisons incorporating Barker Storey Matthews, 01733 897722, [email protected]

Refurbished warehouse let on Thetford trade park

Refurbished warehouse let on Thetford trade park

A 36,000 sq ft, newly refurbished warehouse on a 1.86 acre site in Thetford has been let through joint agents Eddisons incorporating Barker Storey Matthews and Merrifields.

Specialist building products distributor, Encon Insulation & Neville Long has taken a new lease on 10 Burrell Way Trade Park which is a popular and established trading estate, half a mile from the A11.

The premises were substantially refurbished prior to being marketed by the agents and see the new occupier with a high specification trade counter and distribution warehouse with a secure yard.

Announcing the conclusion of this latest industrial letting, Eddisons’ Simon Burton, said, “Thetford is an increasingly popular commercial hub owing to its strategic location along the A11 corridor between Cambridge and Norwich – allowing business to serve customers across a large geographical area via its excellent road communications.

“All indications are that the demand for industrial business units – suitable for warehouse and distribution uses, such as this at 10 Burrell Way Trade Park – will endure this year.”

For more information on industrial premises to let, contact Simon Burton at the Bury St Edmunds office of Eddisons, tel 01284 702655, [email protected] or see eddisons.com/barker-storey-matthews.

Industrial freehold interest sold

Industrial freehold interest sold

The Cambridge office of Eddisons now incorporating Barker Storey Matthews has sold the freehold interest of an industrial unit in a rural village location in Cambridgeshire for £140,000.

Unit 2 Hall Barn Industrial Estate in Isleham is a modern, mid-terrace industrial unit of 1,992 sq ft (185.01 sq m) on an established industrial estate.

The Fenland village of Isleham is 10 miles from Ely and Newmarket and five miles from Mildenhall. The A11, with onward access to the M11 and London and connections to the A14 for the Midlands and the East Coast ports, is also five miles from the industrial estate.

Commenting on the sale, Laurence Gercke of Eddisons’ Cambridge office, said, “We are continuing to see strong demand for freehold properties which, in turn, is resulting in high capital values being achieved.

“This property attracted a large amount of interest from occupiers and investors alike and was quickly put under offer after a short marketing period.”

For more information on industrial premises for sale or to let in the area, contact Laurence Gercke at the Cambridge office of Eddisons incorporating Barker Storey Matthews, tel 01223 456155, [email protected] or through eddisons.com/barker-storey-matthews.

Automotive specialist gears up for additional premises

Automotive specialist gears up for additional premises

VW group automotive parts and service specialist, Quattro Tech is the latest occupier at Solopark Trading Estate in Pampisford, South Cambridgeshire to be confirmed Eddisons incorporating Barker Storey Matthews who acted as the sole agent on behalf of the landlord.

Unit 11A is the final unit let by the agent and it sees Quattro Tech with a new lease on brand new premises of 3,247 sq ft (301.71 sq m) across ground floor and mezzanine levels.

Quattro Tech was established in 2013 and has premises in two other Cambridgeshire locations, St Ives and Peterborough.  With a staff of 25, currently, and specialising in parts and servicing of both commercial and private vehicles covered by the Volkswagen, Audi, SEAT and Skoda brands, the unit at Solopark Trading Estate is an additional location to serve customers in Cambridge city and the south of the county.

Justin Reason, Head of Operations, said, “Customers appreciate the convenience of as local a garage facility as possible when it comes to accessing full vehicle services.

“To have premises in the south of the county – which will open next month (March) – give us a more comprehensive spread in Cambridgeshire and are part of our planned business expansion which now includes VW camper van sales.”

Ben Green of Eddisons’ Cambridge office, added, “Lettings at Solopark Trading Estate are now complete.

“Quattro Tech is the latest, and final, occupier at this South Cambridgeshire location which has proved popular with an eclectic range of occupiers who have refreshed the profile of the estate to the benefit of all operators.”

For information about industrial units available to let in the Cambridge area, contact Ben Green at the Cambridge office of Eddisons, tel 01223 467155, [email protected] or see eddisons.com/barker-storey-matthews.

Hunts agent instructed on freehold of mixed-use investment opportunity

Hunts agent instructed on freehold of mixed-use investment opportunity

The Huntingdon office of Eddisons incorporating Barker Storey Matthews is the sole agent instructed to market the freehold of a mixed-use commercial property with planning permission for a residential element in Sandy, Bedfordshire.

Shannon Court is a three storey building, totalling 1,372 sq m (14,770 sq ft), and is in the town centre. It comprises a ground floor retail arcade, and first and second floor offices and has an open courtyard.

The upper parts have planning permission granted for up to 17 one and two bedroom apartments.

Shannon Court connects a large public car park, at the rear of the property, to the town’s high street and is situated close to Sandy railway station which, on the East Coast mainline, has regular services to London King’s Cross.

Sandy is set for development in accordance with Bedfordshire’s local plan and, the agent adds, is a key location in ongoing discussions of the Oxford-Cambridge development arc.

The freehold of Shannon Court, High Street, Sandy is for sale with offers invited IRO £1.4 million – representing a capital value of £100 psf.

Matthew Hunt, of Eddisons’ local office, commented, “The appetite for property investment endures in the current economic climate.

“Set against historically low interest rates, bricks and mortar in good locations remain an attractive opportunity for investors looking to returns in the long term.”

Viewing of Shannon Court, High Street, Sandy is strictly by appointment only through Eddisons as the sole agent.

For more information or to arrange a viewing, contact Matthew Hunt at the Huntingdon office, tel 01480 451578, [email protected] or see eddisons.com/properties/shannon-court-high-street-sandy-bedfordshire-sg19.

New lease on roadside industrial instruction to let

New lease on roadside industrial instruction to let

A new lease on large warehouse premises to let in South Cambridgeshire is available to through the Huntingdon office of Eddisons incorporating Barker Storey Matthews.

The warehouse space available is at Middleton Business Park, on the edge of the village of Fen Drayton, adjacent to the village’s road junction to the former A14, now the A1307 local road.

The park is nine miles from both Cambridge in one direction and the A1 in another, with Huntingdon at seven miles.

The 12,787 sq ft (1,198.91 sq m) warehouse is a large open plan unit and is being offered to let with parking.

Eddisons advises that there is potential for division of the available space on application.

Viewing of the warehouse premises to let at Middleton Business Park, Middleton Way, Fen Drayton is by appointment only through Eddisons as the sole agent.

To arrange a viewing or for more information, contact Richard Adam at the Huntingdon office, tel 01480 451578, [email protected] or see eddisons.com/properties/middleton-business-park-middleton-way-fen-drayton-cambridge-cambridgeshire-cb24-4su.

Final unit fulfils premises search for IT solutions co

Final unit fulfils premises search for IT solutions co

The letting of the final unit by Eddisons incorporating Barker Storey Matthews at the latest phase of a business park in St Ives, Huntingdonshire sees an international IT solutions company relocate from premises in Duxford, South Cambridgeshire.

ISDM Solutions Ltd is the new occupier of Unit 6, the final unit, at Chestnut Court, Willow Road at The Lakes Business Park, St Ives.

Chestnut Court, together with Oak Court, are the latest new-build schemes to be developed at The Lakes Business Park and, as the sole agent, the Huntingdon office of Eddisons has confirmed that both schemes are now fully sold or leased.

Unit 6 Chestnut Court gives ISDM Solutions 207 sq m (2,225 sq ft) of brand new production/workshop and office space across two storey premises.

ISDM is one of the UK’s leading experts in remote working and space management solutions. The company was established in 2012 and has grown to become a global player with offices in China, the United States, Eire and a UK office in West Yorkshire.

Following an extended period of significant growth, the company required larger premises than those in Duxford where its Cambridge base had been for three years.

Ben Ketteridge, Project Manager, ISDM Solutions, explained, “The past twelve months has seen our local office scaling up to meet the demands of one of the world’s highest profile pharmaceutical companies and we had outgrown our former premises.

“In leasing a unit at Chestnut Court, we now have brand new premises of a quality, size, layout and location to enable us to continue to meet our key client’s growing needs at this important time in its field of work.”

The Lakes Business Park is adjacent to the former A14 (now designated as local road, the A1307, between Cambridge and Godmanchester), to the south of the market town of St Ives.

The park’s newest occupiers – those at Chestnut and Oak Courts join an established band of businesses at The Lakes Business Park, including Cambridgeshire Bathrooms, Vindis Bentley and Cambridgeshire Constabulary.

Eddisons, as the sole agent, confirmed that the developers of The Lakes Business Park are planning a further phase of light industrial units within the existing site this year (2021).

For more information on business units to let in the St Ives or Huntingdon areas, contact Richard Adam at the local office of Eddisons, tel 01480 451578, [email protected] or see eddisons.com/barker-storey-matthews.

Deal sealed on Ely mixed-use investment

Deal sealed on Ely mixed-use investment

The latest investment deal to be announced by the Cambridge office of Eddisons incorporating Barker Storey Matthews is the sale of a mixed-use period property in the cathedral city of Ely to a private individual.

The property spans 30-36 Market Street in the central area of Ely and is 2,381 sq ft (221 sq m) in total.

Two occupied ground floor retail units bookend the property at 30 and 36 and fully let residential 1-bedroom and 2-bedroom flats, with their own private courtyard gardens, at 34 and 32, respectively.

With an extensive yard, parking area and outbuildings to the rear, the premises were marketed for sale with a guide price of £625,000 and saw Eddisons acting as the sole agent.

The sale price achieved is undisclosed, but Laurence Gercke of the agent’s Cambridge office confirmed that the property attracted good interest from local investors.

He added, “This Market Street mixed-use property offered an attractive investment with established tenants and offered further potential for residential development in the rear yard.”

For more information on commercial property investment opportunities in the Ely and Cambridge areas, contact Laurence Gercke at the local office of Eddisons incorporating Barker Storey Matthews, tel 01223 456155, [email protected] or see eddisons.com/barker-storey-matthews.