Former Lemington Glass Works site brought to the market

The site of the former Lemington Glass Works in Newcastle is being marketed for sale on behalf of the Joint LPA Receivers through Eddisons.

Situated on a site extending to approximately 2.76 acres, the property comprises a modern car showroom, workshops, parts store and office accommodation, along with ample parking to the front and rear. The property also benefits from further showroom accommodation in the former Cone of the building which is currently let.

Situated in Lemington just outside Newcastle and located approximately 6.5 miles from Gateshead, the site is accessed directly off the A6085 with excellent access to the A1.

The Grade II listed building was the site of glass production in Lemington for over 200 years.

More recently, it was redeveloped as a car showroom and service centre.

Matthew Hattersley, associate director of Eddisons, comments: “This is a rare opportunity for parties to own or occupy a property that is steeped in history.

“The former glassworks cone building is the last surviving element of the former glassworks site and remains a local landmark. “

“We believe that interest will be strong for this excellent opportunity.”

Viewing of the former Lemington Glass Works, Lemington is strictly by appointment only through Eddisons as the sole agent.

For more information on the former Lemington Glass Works, contact Matthew Hattersley at Eddisons, tel 0113 209 1064, [email protected].

Eddisons comments on latest RICS Commercial Property Market Survey

The Royal Institution of Chartered Surveyors (RICS) has just published its latest quarterly UK Commercial Property Market Survey (Q2 2021), headlined, ‘Industrial market remains robust while demand appears to be stabilising across the office sector’.

In reaction to the latest survey from RICS, Ben Green, director of Eddisons in Cambridge, comments: “Secondary office rents are unlikely to decline in Cambridge in the next 12 months, and could, along with prime office rents, see some modest growth, assuming no more lockdowns.

“This is reflective of the strength and resilience of the local market which usually bounces back quicker than other areas.”

For the full RICS Q2 2021 survey, see www.rics.org/uk/news-insight/research/market-surveys/uk-commercial-market-survey.

Garden centre freehold sold

Eddisons has confirmed the sale of the freehold of the former Marlows Home and Garden Centre premises and site in Bury St Edmunds to Direct Furniture.

Situated on Hollow Road, just outside of the town centre, the freehold sale of the well known premises totalling 45,994 sq ft, set on a 3.228 acre site and which stopped trading in August last year attracted significant interest following a brief period of marketing by the sole agents Eddisons. The sale concluded by way of best and final offers in the first quarter of the year (2021).

According to Eddisons, this reinforces its current market view that where freehold property is available, demand is ongoing with good opportunities commanding serious interest from owner occupiers and investors alike.

Also, the agent adds that the sale demonstrates that Bury St Edmunds remains a popular retail location and the expansion of a local retailer is great news for the town. Hazells acted on behalf of the purchaser.

For more information on retail freehold opportunities or premises to let in Bury St Edmunds, contact Simon Burton at the agent’s office in the town, on 01284 702655 or [email protected].

Eddisons boosts agency division with new marketing hire

Property consultant Eddisons continues to strengthen its agency division with the creation of a new marketing role within its marketing and PR team.

Rosie Rea joins the Eddisons team as marketing coordinator and brings with her five years’ cross-industry experience. She will be primarily based in the firm’s Peterborough office, headed by agency partner Stephen Hawkins.

Rosie will be responsible for coordinating marketing activity across Eddisons’ agency business, working closely with the firm’s 20 local and regional offices to promote its services. In addition to agency, Rosie will also provide support to Eddisons’ wider marketing division which has recently strengthened their leadership team by appointing Beth Hailey as their Head of Marketing based in the Leeds office.

The announcement comes as Eddisons’ agency team is ranked as the leading agent in Cambridgeshire, based on space transacted this year across lettings and sales, in the prestigious EG Radius rankings.

Stephen Hawkins said: “We’re really pleased to welcome Rosie to the Peterborough office at a particularly exciting time for the agency team, which is going from strength to strength, and as we gear up for an extremely busy few months ahead as covid restrictions are lifted.

“Rosie’s appointment enables Eddisons to provide an even better service for our clients in successfully marketing properties, whether for sales or lettings.”

The firm has also been ranked among the top 10 most active firms across the country and in the East of England, as well as in the industrial sector, based to the activity of its agents in Peterborough and Cambridge.

The EG rankings are based on the amount of space transacted, for all lettings and occupier sales, across UK regions, between 01 January to 12 July 2021.

Huntingdon office building let to medi-tech firm

An office building on Falcon Road at Hinchingbrooke Business Park has been let by the Huntingdon office of Eddisons to medical diagnostic company, Cyted Ltd.

The 679 sq m (7,278 sq ft), three storey office building is on Hinchingbrooke Business Park, two miles north west of Huntingdon town centre.

The parks is home to a range of office and light industrial occupiers including Anglian Water, Cambridge Health Authority (NHS) and Kitchen Range Foods with a Marriott Hotel on the park too.

The office premises attracted interest from a number of office occupiers who were keen on its proximity to the A1 and A14 and onward links to national and local road networks, according to
Eddisons.

Richard Adam, Director, Eddisons – who led the marketing of the offices – commented, “Quality business space in Huntingdon, such as that on Hinchingbrooke Business Park, sees the town well
placed now in the much improved A14 corridor to Cambridge.

“Huntingdon is now presenting itself to a genre of business occupiers, such as scientific and technology R&D or high profile office operators, who, historically, may have looked to Cambridge
and its satellite business parks, more than to Huntingdon, to satisfy their property requirements.”

For more information on office opportunities in the Huntingdon area, contact Richard Adam at Eddisons in Huntingdon on 01480 415727, [email protected] or [email protected].

Retail unit let on neighbourhood parade

A retail unit on a shopping parade in one of Bury St Edmunds’ popular residential neighbourhoods has been let by Eddisons to a dog grooming business who has relocated from premises nearby.

Number 6 Hardwick Shopping Centre is a 64.4 sq m (698 sq ft), glazed, double fronted lock-up retail unit, formerly occupied by an established local charity.

Eddisons acted on behalf of the landlord in negotiating both the new lease and the surrender of the existing lease and has confirmed that the unit attracted interest from a range of local businesses.

The new tenant has taken a 10-year lease and the completion of this letting maintains the 100 per cent occupancy of the shopping parade which serves the residential areas of Nowton and Hardwick in the Suffolk town.

For more information on retail units to let in Bury St Edmunds, contact Steven Mudd at Eddisons on 01284 702655 or [email protected].

Agent sheds light on office suite let at Beacon House

The Bury St Edmunds of Eddisons has confirmed the letting of an office suite in Beacon House in the town to a new occupier.

Suite 1 is 98.66 sq m (1,062 sq ft) on the first floor of Beacon House and has been let by way of sub-lease to a company who specialises in the engineering and manufacturing of glazing and fenestration products for the construction sector.

Beacon House is a detached office building with a range of high quality office suites on Kempson Way – part of the wider Suffolk Business Park, which is one of the premier office locations in Bury St Edmunds.

The agent has acted on instructions on Beacon House for a number of years. Two separate office lettings within the building having been completed ahead of the most recent letting of the first floor suite on which it was the sole agent.

Commenting on the letting of Suite 1, Beacon House, Steven Mudd of Eddisons, said, “Kempson Way is highly prized by office occupiers in the Bury St Edmunds area and Beacon House offers a high quality business location for a range of office occupiers.”

For more information on office suites or offices available to let in the Bury St Edmunds, contact Steven Mudd at Eddisons on 01284 702655 or [email protected].