Rare opportunity to purchase an ancient monument in Stamford

St Peters Bastion

Rare opportunity to purchase an ancient monument in Stamford

The Peterborough office of Eddisons presents a rare opportunity to acquire a storage yard in Stamford that is steeped in history.

Known locally as St Peters Bastion, the property is one of the few remaining examples of Stamford’s 12th Century Town Walls and is a Scheduled Monument under the English Heritage List.

The property is located on the edge of the market town of Stamford in Lincolnshire and comprises a site extending to approximately 0.171 acres.

Now available to purchase through Eddisons as the sole agent, this prominent landmark is offered for sale with established planning use for Open Storage.

According to the agent, the property potentially offers scope for future development, subject to planning permission and Scheduled Monument consent.

The property is available for sale freehold with the benefit of vacant possession. Offers are invited in the region of £50,000, subject to a claw back provision in the event of a more valuable planning consent being obtained by a future owner.

For full details of the property contact Julian Welch at Eddisons on 01733 556496 or [email protected] or see https://eddisons.com/properties/land-off-west-street-stamford-lincolnshire-pe9-2pr/

New phase of industrial development set to take off at Enterprise Park in Yaxley

Enterprise Park Yaxley

New phase of industrial development set to take off at Enterprise Park in Yaxley

Enterprise Park in Yaxley is set to take off now that planning permission has been granted for 12 acres of commercial development fronting Broadway and Eagle Business Park.

Confirmation that the new Enterprise Park has got the go-ahead comes from commercial property agency Eddisons and Savills who are instructed as joint sole agents.

The agents also report a high level of enquiries about units on the new phase ahead of details being released and is confident that a number of local businesses – and some from further afield – will be making their move to reserve units soon after the phase is officially launched.

The Park follows hard on the heels of the final phase at Eagle Business Park and can offer units suitable for trade counter, light industrial, showroom or even leisure uses.

There are two parts to the scheme being offered. Firstly a new speculative scheme of detached, semi-detached and terraced industrial / warehouse units are being offered for sale, ranging from 1,870 to 7,674 sq ft. Units are of steel portal frame construction, to an eaves height of 6m, have office and toilet facilities, electric loading door, concrete loading and block paviour parking. Secondly plots are available for companies wanting a more bespoke building. Plots front Broadway and can be offered for warehousing, trade counter and leisure uses. Plots are available to buy with a design and build offer. The developer will also consider building to lease if a long lease is taken and subject to covenant.

Commenting on the launch of this new phase of Enterprise Park, Richard Jones, Director, Eddisons Peterborough said, “Currently there is a severe shortage of available employment development land in the region causing a shortage of stock and potentially restricting local growth. We see this development coming at the right time to help fill some of the demand for freehold modern good specification warehousing. The developer, is also determined that high standards of build quality and landscaping are maintained on Enterprise Park – given its frontage and prominence on the edge of Yaxley village. The developer is now on site and first units will be available in late 2022 / early 2023.”

For more information about the development at Enterprise Park please contact Ed Gee at Savills 01733 344414 or Richard Jones at Eddisons on 01733 897722.

Construction company takes 32,000 sq ft unit at Bradford industrial park

Construction company takes 32,000 sq ft unit at Bradford industrial park

Commercial property consultant Eddisons’ Bradford agency team has completed a deal to let a 32,000 sq ft industrial unit at the city’s Dudley Hill Business Park on Rook Lane to high-tech construction firm Fast-Track Housing.

Acting on behalf of Blackburn-based industrial property developer EP Properties, which has a property portfolio of over 5 million sq ft, the unit is the sixth let by Eddisons on the 15-acre site, which now has only one vacant unit remaining.

Dudley Hill Business Park was originally a manufacturing site for cleaning products firm Robert McBride. It was acquired by EP Properties in 2020 and is now home to companies such as Amey Highways, manufacturer Mansfield Pollard and Ogden Fulfilment.

Fast-Track Housing, which specialises in durable alternative building products and rapid construction techniques for residential developments, is expected to create new jobs at its Bradford site.

Eddisons senior surveyor Matt Jennings said: “It is fantastic to have completed another letting for our client EP Properties. Dudley Hill Business Park is a great site that has seen huge improvement under their ownership. We have already seen a great deal of interest in the final remaining 40,000 sq ft unit and the whole development looks set to be fully let very shortly.”

He added: “Fast-Track Housing will also be a great addition to the local economy in Bradford. They construct modern, sustainable homes within rapid turnaround times and will create much needed job opportunities in the city.”

Arif Patel, property director for EP Properties, said: “It’s testament to the quality of units we have on the estate that we have another tenant on site. Eddisons have done a great job in attracting a huge amount of interest from good quality tenants in the short time we have owned the estate.”

Eddisons comments on £3.5 million funding announcement for St Neots

St Neots Eddisons

Eddisons comments on £3.5 million funding announcement for St Neots

Huntingdonshire District Council has this week announced an additional £3.5 million of funding from National Highways for the St Neots Future High Streets Fund town centre regeneration projects.

With the total investment into the regeneration programme now at £16.3 million, the extra funding from National Highways will help to deliver three of the six Future High Streets Fund projects, including pedestrian and cycling improvements, High Street improvements and Market Square improvements.

Commenting on the announcement, Matthew Hunt , Surveyor at Eddisons said:

“We are pleased to see further funding being injected into the local centres to provide essential repairs and maintenance where required. Projects such as this go a long way to ensuring the security of our High Street shopping locations from both a commercial and consumer standpoint.

“We welcome any incentives the local authorities are able to secure to provide better facilities for local people and visitors alike”.

To view the full announcement, click here.

Eddisons secure new office space for local HR consultancy company

Eddisons Avro Court

Eddisons secure new office space for local HR consultancy company

A HR consultancy is relocating to a new office in Huntingdon having outgrown its existing serviced office in the town, according to the local office of Eddisons.

Eddisons acted on behalf of the vendor to secure a new lease at 1 Avro Court, Ermine Business Park to HR consultancy company, face2faceHR.

The first floor premises provides 1,052 sq ft of modern office accommodation with parking and is located in a prominent location close to the entrance of Ermine Business Park.

The market town of Huntingdon has been improved over the recent years with the completion of the A14 upgrade between Huntingdon and Cambridge and also benefits from excellent access to the A1.

Eddisons’ Matthew Hunt confirms that the property generated a good level of interest from several local occupiers looking for modern office accommodation in the Huntingdon area.

Owner Lorraine Canham said, “From our initial enquiry Matt was able to support our business and find the right property for us, nothing was too much trouble and he listened to what we needed from a commercial property as this was a big step up for our growing business.

“Thank you to Eddisons who I would highly recommend.”

For more information on office units to let in Huntingdon, contact Matthew Hunt at Eddisons, on 01480 451578 or [email protected]

 

The A47: Only connect

In the first in a series of guest blogs, Rob Facer, Managing Director of developer, Barnack Estates UK Ltd , joins the chorus of approval for the dualling of the A47.

The A47: Only connect

The route of the A47 forms an arc between Peterborough’s and Norwich’s areas of influence – a part of the Eastern region which has yet to benefit from the economic prosperity which much of the rest of this region has enjoyed. A proposal to make this arc of the A47 a dual carriageway, with associated improved junctions for access, will go some way to unlock the full economic potential of this rump of the Fens which, arguably, is the final commercial development frontier of East Anglia.

The business case for the Highways England scheme for the dualling of the 115 mile stretch of the road between Peterborough and Great Yarmouth is indisputable and it is backed by some of the region’s political hard hitters who, with Whitehall and central government support, are set to make this happen.

Earlier this year (2019), I was part of a business delegation invited by the Cambridge & Peterborough Combined Authority to state the case and justify central funding for the dualling of the A47 to the then Secretary of State for Transport and his departmental advisors. I have no reason to think his successors in the current or any future administrations will not be equally as receptive to the rationale.

The area’s Combined Authority is four-square behind the dualling of the A47 in meeting its remit to serve the whole of the Cambridge and Peterborough areas of Cambridgeshire. Indeed, the Authority’s Mayor, James Palmer, cut his political teeth in the local town and district politics of the East Cambridgeshire fen district and acknowledges that better transport links are required.

But the A47 doesn’t just belong to Cambridgeshire; Norfolk County Council is also a driving force behind the dualling project which will put Norfolk’s fen and coastal areas in a more advantageous commercial position.

In terms of untapping the remaining potential in the Eastern region – internationally acknowledged as one of UK plc’s powerhouses with Cambridge and, I would argue for different reasons, Peterborough at its heart – the multimillion pound investment to dual the A47 will be a pump-priming project.

Improved roads and, thereby, transport connectivity are what attract private commercial developers like me. In bringing land forward for commercial development, the speculative development industry creates obvious and direct employment in construction and the related trades.

In turn, new companies or those re-locating to new commercial developments to take advantage of improved road links, create or add to local employment opportunities and the skill sets of the local population. Then follows the service industries, who finance or advise or feed or supply the new business area’s companies. We all generate tax revenue for central government coffers as well as creating wealth in the locale.

Finally, the “Fen Frontier” will have improved connectivity with the A11/A14 East-West corridor and the East Coast ports in one direction and the North-South opportunities of the A1(M) and the A14/M11 Cambridge to Stansted corridor and the improved A14 beyond Huntingdon to Midlands and the North and North West via the M6/M1 Catthorpe interchange.

Commercial development opportunities are all about making connections.

http://www.bsm.uk.com Barker Storey Matthews now the part of Eddisons is the sole agent on a number of Barnack Estates’ new commercial developments in Peterborough and Huntingdon and advises on the developer’s long term land interests and projects in the region.

Run of freehold disposals continues with sale of Stukeley Meadows industrial unit

Run of freehold disposals continues with sale of Stukeley Meadows industrial unit

The Huntingdon office of Barker Storey Matthews – now part of Eddisons – has confirmed the freehold sale of an industrial unit on the Stukeley Meadows Industrial Estate in the town to Playfords Ltd, a building services and engineering contractor.

Unit 18 Blackstone Road is a two storey, 496.25 sq m (5,341 sq ft), semi-detached industrial unit with production, storage and office accommodation and is Playford Ltd’s new premises where it will begin trading before the end of the year (2019) on its relocation from another unit on the Stukeley Meadows Industrial Estate where it has been since 2014.

Playfords Ltd – whose other locations are in Durham and Dartford – has purchased Unit 18 Blackstone Road following the review of its commercial accommodation requirements, prompted by the change in working practices in its sector where operational teams work on-site with clients on long term project contracts rather than service clients’ needs remotely from a central office.

According to Barker Storey Matthews now part of Eddisons, who was the sole agent instructed in the sale of Unit 18, Playfords Ltd wanted to remain on the Stukeley Meadows business district given the estate’s proximity to the A14 and A1(M) and onward road links across the country.

While the final sale price achieved is not disclosed, Richard Adam of Barker Storey Matthews confirmed that Unit 18 Blackstone Road was marketed for sale with a guide price of £480,000.

He added, “This latest sale continues the run of freehold disposals in Huntingdon which companies in a position to purchase, such as Playfords Ltd, favour – subject to the availability of stock in the right location.”

For more information on the availability of industrial premises for sale or to let in the Huntingdon area, contact Richard Adam at Barker Storey Matthews now part of Eddisons, tel 01480 451578 or see bsm.uk.com.

The A14 funnel effect

The beefed-up A14 is bringing forward a number of new enquiries for the Huntingdon office of Barker Storey Matthews which is now part of Eddisons. Richard Adam, Director and the office’s head of agency, considers the benefit of being perfectly placed.

The A14 funnel effect

Half an hour’s drive and just over a 22 mile drive to the north of our Huntingdon office sees you in Peterborough, just over 34 minutes away by car and just over 18 miles to the south is Cambridge where Barker Storey Matthews also has an office.

So our Huntingdon office couldn’t be more perfectly placed to benefit from the ripple effects of the commercial property market in the county’s two main cities.

Huntingdon is second only to Peterborough in our agency areas of operation for being a hive of industrial activity and premises and it’s a market sector in which operators are prevailing as we begin the phases of lifting out of pandemic business lockdown.

The landmark Alconbury Weald development off the A1(M), en route to Peterborough, offers a number of property opportunities on which we are instructed, including a phases offering industrial, office and R&D possibilities.

Particularly from the Cambridge side, we’ve seen a marked a number of enquiries funnelling up towards Huntingdon in the first half of the year. It can be no coincidence that the new 12 mile stretch of the A14 Huntingdon Southern bypass opened last December.

Huntingdon’s business sphere of influence extends to the market town of St Ives which has benefitted – and is set to benefit further – from the £1.5 billion investment programme to upgrade the A14 and the local road network.

There are a number of planned new developments coming through now on which we have instructions in St Ives.

New phases at Lakes Business Park, on the edge of the town – accessed from what is now the A1307, formerly the ‘old’ A14 route – are being marketed.

Oak Court and Chestnut Court are schemes at the development on which we have been recently instructed following the success of Willow Court which is now developed out and fully occupied.

Also in St Ives, Enfield Court is a brand new development of ten units in the town’s most established industrial location, on Nuffield Road.

How business lockdown and the office life experience of working from home will shake-up office requirements remains to be seen and that’s something on which the head of agency in our Cambridge office has recently shared his thoughts.

However, the road improvements in the Huntingdon to Cambridge corridor do now afford the opportunity for the Huntingdon district to funnel through a genre and calibre of blue chip level office occupier who, historically, may have looked more to Cambridge.

For enquiries or further information from Barker Storey Matthews now part of Eddisons about commercial property and premises, contact the office in Huntingdon, 01480 451578.

Double win at the Estates Gazette awards

Eddisons (incorporating Barker Storey Matthews) has bagged a brace of trophies at the Estates Gazette Cambridgeshire 2020 Awards.

The company was confirmed as winners of the region’s “Most Active Agent” award this week – a continuation of BSM’s winning the award for the past 6 years.

The firm’s Julian Welch also garnered the EG “Dealmaker of the Year” award, and was delighted with the outcome.

“These awards mean a great deal to us as a national business and help us to continue cementing Eddisons’ presence as market leaders across the East of England region,” he said.

“It’s great news and testament to the ongoing hard work of the whole team for continuing our winning streak.”

Also name in the awards were Cheffins in second place, with Bidwells in third, Carter Jonas in fourth and JLL in fifth.

Postponement of 2021 Rating Revaluation

Martin Hughes of Barker Storey Matthews (now part of Eddisons) considers the Government’s announcement of the postponement of next year’s scheduled revaluation which will now take place in 2022.

Postponement of 2021 Rating Revaluation

Last month’s announcement by the Communities Secretary advising of the postponement of next year’s rating revaluation was just one in the wave of government announcements whose effect will have an impact on business occupiers as we move forward in the setting of the Covid-19 pandemic.

The announcement has not passed by without comment from property industry professionals because business rates are one of the fixed costs occupiers and operators face. Arguably, it’s been the one most subject to scrutiny and criticism in recent years as being antiquated and not flexible enough – particularly in markets which have suffered structural change during a rating period.

The May announcement, against the backdrop of easing the business lockdown, supercedes that of last spring (2019) when it was intended that the planned 2022 revaluation exercise was brought forward by twelve months to 2021.

The rationale for the postponement is that the antecedent valuation date is always two years prior to the new assessments becoming effective. That is, the 2021 revaluation figures would have been based on the market of spring 2019 and, therefore, not reflect the impact of Covid-19 on the property market.

The one year delay in the revaluation date will see it based on rents as at April this year (2020) – before the effects of lockdown had played out in the market (in whatever form that will take).

The proposed delay to 2022 of the exercise will not, therefore, be as helpful as intended. As in the last downturn – immediately following the 2008 financial crash – by the 01 April 2020 date there will have been little or no actual evidence of the impact of Covid-19 on rents.

The VOA (Valuations Office Agency resolutely defended ratings appeal against the 2010 revaluations list where rents were anchored round values as at 01 April 2008.

The basis of the defence being that there was no evidence to prove an adverse impact which would come about later in 2008, post-September, when the crash was spearheaded by the collapse of Lehman Brothers (15 September 2008).

The VOA could well argue the same case again about 01 April 2019 rental values and not take a charitable view when challenges to the post-2022 rates regime may be aired.

Given that we are in such, to coin the phrase du jour, such ‘unprecedented times’, we can’t rule out another postponement to beyond 2022. It if were later, there will be some fair and useful evidence available if the antecedent date to the revaluation exercise were to be 01 April 2021, for example.

Of course, the property industry would like to see a complete overhaul to the current regime rather than a simple delay to the revaluation.

That being said, alongside other announcements intended to mitigate the effect on businesses of trading in Covid-19 times, there are some relief and grant schemes already in place for the retail, hospitality and children’s day nurseries, among other occupiers.

In addition, many local authorities are being proactive in this respect. However, business rate payers are advised to approach their billing authority sooner rather than later to ensure they are receiving and claiming every benefit or grant for which they qualify and are entitled.

For more information about valuation services see bsm.uk.com/our-services/rating-compulsory-purchase-&-compensation.