Eight’s just great for region’s most active property agent

Eight’s just great for region’s most active property agent

Eddisons incorporating Barker Storey Matthews has been identified as the East of England’s most active commercial agent for the eighth year in a row in the annual deals competition run by property research specialists EG Radius.

In each successive year of the competition since 2013, the agent – whose regional offices are in Peterborough, Cambridge, Huntingdon and Bury St Edmunds – has been awarded the title of East of England Overall Winner.

This year sees further success as the region’s most active agent for deals in the industrial, retail and investment sectors.

It’s the fourth consecutive year in which the firm has triumphed in the industrial category and the third successive year in both the retail and investment deals categories.

The annual deals competition is open to all commercial agents who complete commercial property transactions in Cambridgeshire, Suffolk and Norfolk and is assessed on the volume of deals done for lettings and sales.

Commenting on the agency’s sustained success in the regional competition, Steve Hawkins, Partner, Eddisons, said, “To have maintained our position in the top slot and the individual sector categories in this latest year of the competition is enormously gratifying.

“The Covid-19 pandemic and phases of lockdown during the past twelve months have stress tested every sector of business – and commercial property agency is no exception.

“Notwithstanding, our firm’s presence on the ground in the eastern region and the insider knowledge and expertise of our agents when it comes to their markets, means we have continued to push deals through in a timely fashion to the satisfaction of all clients for whom we act and all parties benefitting from the transaction.

“Barker Storey Matthews’ full integration with Eddisons last November (2020) can only serve to reinforce the agency offer that our ongoing success in this competition highlights.”

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

Premises let for cosmetic services

Premises let for cosmetic services

Studio premises on Lincoln Road, Peterborough have been let by city agent

Eddisons incorporating Barker Storey Matthews  for use by two cosmetic therapy practitioners who have taken a three year lease.

The self-contained, 380 sq ft (35.34 sq m) premises at 967 Lincoln Road will be the new base for Caroline Briston and Kerry Hutson, both experienced professionals in their chosen field of cosmetics and who previously practised from city centre premises on Priestgate.

Having been looking for new business premises in which they could offer their combined specialist services – which include advanced laser hair removal and permanent make-up among other cosmetic and beauty procedures – 967 Lincoln Road came to their attention at the right time with space to grow their successful businesses together.

Speaking on behalf of both practitioners, Caroline Briston said, “It’s a great location for our businesses.

“We are gearing up for the easing of lockdown restrictions next month (April) and look forward to welcoming our loyal clients and a new customer base to our new treatment facilities.”

Eddisons was the sole agent instructed by the landlord in the letting of 967 Lincoln Road, Peterborough.

For more information business premises to let in Peterborough, contact the local office of Eddisons incorporating Barker Storey Matthews, tel 01733 897722, or through eddisons.com/barker-storey-matthews.

Find out more 

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

Keighley Industrial Investment Acquired

Keighley Industrial Investment Acquired

Acting on behalf of Malco Holdings, Eddisons have acquired Foundry Park, Dalton Lane, Keighley, BD21 4LG, a new build industrial investment, from Dalton Lane Properties who were represented by Brackenridge Hanson Tate.  The investment was acquired for £4.1 million showing a net initial yield of 5.8%.

The property comprises a new build warehouse totalling 3,650 sq m (39,289 sq ft) on a 0.85Ha (2.1 acre) site.   Whilst it is currently being occupied as one property, it was constructed as two semi-detached units, so the building is capable of future subdivision.   The property is let to Platinum Stairlifts on a 15-year unbroken lease at a rent of £253,500 pax (£6.45 per sq ft).  Rent reviews are every 5 years, to the higher of open market rent or linked to the Retail Prices Index.

The tenants are a Keighley based manufacturer who were seeking a new facility to consolidate their multi-site operation into. Platinum Stairlifts secured a new facility retaining over 200 jobs within Keighley and because of their investment in the building, were prepared to commit to a long-term lease.

Steve Hawkins, Partner at Eddisons commented “Dalton Lane Properties speculatively developed an excellent product based on the strength of the Keighley industrial market.   Platinum Stairlifts secured a new facility retaining over 200 jobs within Keighley and because of their investment in the building, were prepared to commit to a long-term lease. Malco Holdings secured a great investment opportunity with guaranteed growth”.

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

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.

Find out more 

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.