As the £1.5 billion capital investment programme of works to upgrade the A14 reaches a pivotal point in Huntingdon this summer, Richard Adam, Director, Barker Storey Matthews now part of Eddisons is not alone in taking the long view to see beyond traffic delays.
Impressed To Invest In Huntingdon
Reports of travel delays and vehicle queues at Spittals roundabout, Brampton Hut and the Bar Hill junction on the A14 make these locations notorious with radio listeners across the land. If you’re local, you know these congestion hotspots all too well as you go about your daily business. However, the once-familiar landscapes around these and other points of the A14 have changed – some beyond all recognition – since the mammoth task of re-engineering this road began in November 2016.
This summer we’ve had a digital sneak preview of how the road will eventually look through Highways England’s bird’s-eye fly through. Thankfully for those of us who live and work in the area, investors’ eyes have been on the prize for years and those who have commercial property development interests are beginning to reap the rewards of those investors’ confidence.
The erection of steel frame portals and occupiers moving in to completed brand new business and industrial units in the area are the physical manifestation of this confidence, as any property agent operating here is happy to confirm.
While Alconbury Weald and its Enterprise Campus is the largest example of masterplan developer confidence, a number of other commercial developments are coming to fruition in the area thanks to the foresight of speculative investors and developers.
At Willow Court within The Lakes Business Park, construction of four new industrial/business units is underway by DEP Construction Ltd with three plots under offer already. It is no coincidence that the business park is at Junction 26 on the A14, a prominent location overlooking what will be the much improved trunk road upon the completion of its upgrade and that of local, parallel roads at this key interchange at St Ives.
Similarly, speculative development by Barnack Estates UK Ltd at Kingfisher Court and Falcon Court at Hinchingbrooke Business Park has seen brisk business this year. Over half of the eight new-build units Kingfisher Court were allocated to occupiers prior to construction and completion. All the units at Falcon Court have been either sold to investors or let to occupiers.
The popularity of these developments is a microcosm of the quality and quantity of occupier demand, particularly in the industrial sector, across Huntingdonshire.
In Huntingdon town centre itself, we’re looking forward to 2022 when the massive undertaking of reconfiguring and building the new road system in the town is complete. The scheduled end of the A14 trunk road upgrade in 2020 is sharpening occupiers’ minds now, whereas speculative developers have had to be more forward thinking in securing and realising investment potential in our area of Cambridgeshire.
For enquries or further information from Barker Storey Matthews now part of Eddisons about commercial property and premises in the Huntingdon corridor, contact (http://www.bsm.uk.com/our-people/?keyword=richard+adam&office=all) Richard Adam in Huntingdon, 01480 451578.