Retail lets in cathedral city

5 Buttermarket Ely

Retail lets in cathedral city

Eddisons has confirmed the successful letting of three retail units in the Cambridgeshire cathedral city of Ely.

Eddisons was the sole agent under instruction on the three units in the city’s historic centre, 5 Buttermarket and 20-22 Market Place. All three units have been let to independent traders.

The Buttermarket property was formerly occupied by HSBC Bank and its new tenant has a new lease on 153 sq m (1,649 sq ft) of ground floor and first floor accommodation.

The units at Market Place see the consolidation of two previously separate units (20 & 22 Market Place) which have been the premises of two separate residential sales and lettings estate agencies.

The mid-terrace units at 20-22 Market Place gives the new occupier 110.26 sq m (1,188 sq ft) of accommodation over two floors with prominent display frontage to the popular market square.

Laurence Gercke, of the Cambridge office of Eddisons, led the marketing of the instructions.

He said, “The opening up of retail opportunities post-lockdown is something property agents are keeping a weather eye on.

“Our ongoing experience in this sector would indicate that good, well presented units in vibrant, compact and accessible locations – such as Ely’s historic city centre – are proving attractive to
independent traders.”

For more information on retail units to let in Ely and Cambridge, please contact Laurence Gercke at Eddisons on 01223 467155 or [email protected].

The Planning Bill trailer: a practitioner’s point of view

The Planning Bill trailer

The Planning Bill trailer: a practitioner’s point of view

Last summer saw what was hailed, by some, as the most radical revision to the planning system proposed by central government for decades. Almost a year on, Kate Wood – a chartered town planner with over 25 years’ planning practice – looks beyond those initial headlines in considering some of the main issues that would make the planning system deliver.

The Planning for the Future White Paper was published almost a year ago (August 2020). In commenting on the Queen’s Speech in May – in which the forthcoming Planning Bill was the centrepiece of the script and the news coverage – we pointed to a missed opportunity to unlock the current planning system.

In the opinion of many seasoned planning professionals, particularly those of us in commercial practice who also have extensive experience as local authority (LA) practitioners, the chief failure of the current planning system is the lack of proper investment and resourcing of local planning authorities.

One of the main planks of what is proposed in the white paper is ‘faster planning permissions’. Yet it is not clear how this is to be achieved other than, in addition to a replacement levy for Section 106 (S106) and Community Infrastructure Levy (CIL), that there will be digitised processes. In many planning authorities digitised application processes are already in place anyway.

Faster planning permissions are, fundamentally, down to the way planning departments are resourced and managed. The white paper’s suggestion of a chief planner is a good one as this will promote culture change and credence.

Planning is, after all, a collaborative and iterative process not a tick-box exercise.

While planners are scarce, LA planning departments should be looking to invest in more support staff to carry out the admin intensive tasks to free up the qualified planners to practise their craft.

Many council planning departments take weeks to register an application.

If applications were assigned to planners on day one for validation (following initial listing of constraints and policies by admin) they would be able to have an immediate discussion with the applicant around any further requirements. Thereby establishing an early working relationship and being able to start to deal with an application as soon as it came in, rather than half way through the statutory determination period.

Meanwhile, admin staff can retrieve and deal with consultation responses, including chasing, write the factual sections of the officer’s report and request amended or additional information from applicants under the direction of the planning officer.

Another plank of the proposed bill as it stands is ‘more emphasis on design’. This is already a current feature of the system through design guides. So would more of the same really achieve ‘better design’?

Surely the appropriate measure is for a local authority to employ skilled planners and urban designers who can interpret good design as appropriate to the locality of an application without recourse to a government checklist or one-size-fits-all standard?

An aspect of the planning white paper that grabbed the headlines is ‘more development by small builders’. We would argue that a more flexible approach to zoning and land allocation would facilitate this.

Many local plans are not open to such flexibility, drawing lines around villages beyond which development is not permitted. Better plans have policies that allow for small scale growth at the edges of villages by defining which character of site is appropriate to develop.

The emphasis on the community benefits from tens of houses than a small scheme of two or three houses also pre-loads the system against development by small developers.

Flexible zoning is also an argument that carries through to, surely, what is one of the biggest challenges of the post-pandemic economy: the changing nature of the high street.

Local authorities should – and could already – be addressing this issue now. They need to look to remove policies from their ongoing local plans which restrict certain parts of town centres to certain uses, eg ‘principle shopping frontages’.

The market should be allowed to evolve town centres for new uses and not be artificially constrained by planning uses defined at local authority level.

This will then have an effect on prices and/or vacancy levels. That’s something on which investors and agency professionals have the inside track.

We planners should defer more to their knowledge and experience to ensure high streets have sense of vitality, albeit that such vitality may be different to previous experience, and towards more diverse ‘quarters’ where activities may cluster.

And this respect for peer professionals brings us back to the main thrust of the argument when it comes to critiquing any Planning Bill which follows the policy tenets if the white paper: the concentration on regulation as opposed to valuing and resourcing the skills of planners.

Not until the planning system and the vital role it plays in the public realm is appreciated and financed at local authority statutory level will the planning system be unlocked to the benefit of all interested parties and communities alike.

For more information about Eddisons’ planning services, contact Kate Wood in the Peterborough office, [email protected].

Recently refurbished and extended premises to let in popular South Cambs village location

Station Road Impington

Recently refurbished and extended premises to let in popular South Cambs village location

The latest letting instruction for the Cambridge office of Eddisons are commercial premises in the popular South Cambridgeshire village of Impington.

At 103 Station Road, the recently refurbished and extended 1,330 sq ft (123.54 sq m) premises have been the site of a café which has served the popular residential neighbourhoods of Impington and Histon and the nearby Vision Park business location for a number of years.

Located three miles north of Cambridge and with excellent access to the A14 and the Cambridgeshire Guided Busway and cycle corridor, 103 Station Road has a spacious open plan area on entrance, store, cloakroom facilities, kitchen and staff office.

It is air conditioned throughout and ‘character’ features include exposed beams and feature light fittings. There is a landscaped terraced area to the front and parking to the side for one vehicle with free, on street parking in the immediate vicinity.

The property is being offered to let by the landlord through Eddisons on a new, full repairing lease. Fixtures and fittings are offered by separate negotiation.

While formerly trading as a café, the agent advises that alternative uses for the premises would be considered, for instance office or retail.

Viewing is strictly by appointment with Eddisons as the sole agent.

To arrange a viewing or for more information, contact Laurence Gercke at the Cambridge office, tel 01223 467155, [email protected].

Industrial pressure powers new-build demand for 2022 estate

Eagle Business Park Eddisons

Industrial pressure powers new-build demand for 2022 estates

Demand for industrial unit space continues apace in Peterborough, reports the local office of Eddisons, with 12 out of 27 available new-build units at the Eagle Business Park development in Yaxley already reserved a full year ahead of their scheduled occupation date of summer 2022.

The 27 units are arranged across three new courtyard schemes – Firecrest Court, Razorbill Court and Ravens Court.

The three schemes are the latest new-build additions to be offered to let or for freehold sale at Eagle Business Park which fronts on to Broadway in Yaxley and is now a well established business location.

Eddisons confirms that of the 12 out of the 27 units under offer, eleven are freehold sales. Firecrest, Razorbill and Ravens Courts form the main part of an estate which will complete the final phase of Eagle Business Park which has been successfully developed by Barnack Estates UK Ltd for whom Eddisons has been – and remains – the sole agent under instruction of the new-build units.

Ranging in size from 84.1 sq m to 157.9 sq m (905 sq ft to 1,700 sq ft) on a fenced and gated estate, all the units are of steel portal frame construction with eaves height of six metres.

Units on each scheme have fibre connections in place, LED lighting and electric loading doors and are offered with what the agent describes as good levels of parking.

There is also the option to include additional offices on the remaining available industrial units, subject to build stage.

With almost half of the 27 units under offer twelve months ahead of being ready for occupation in summer 2022, Eddisons points to the pace of take up in urging potential investors, owner occupiers or tenants to register serious interest as early as possible in the remaining months of this summer (2021).

Richard Jones of Eddisons’ Peterborough office said, “Interest in these, some of the final units at Eagle Business Park, reflects the national commercial property market.

“Demand for industrial units by investors and occupiers alike continues to fuel a very active and fast moving market.

“However, the pace of reservations and offers this spring on these schemes which will form part of the final estate – so far ahead of scheduled readiness for occupation next summer – has been remarkable, even for Eagle Business Park which has always been a popular development.”

Adding to comment about the ongoing popularity of Eagle Business Park, Rob Facer, Managing Director of developer Barnack Estates UK Ltd, added, “The success of the latest stage of Eagle Business Park has been exceptional, especially considering the impact of the pandemic.

“Prospective owner occupiers tell us that they value providing employment close to the conurbation of Yaxley as it allows for walkable, bikeable and brief commutes for themselves and employees that make for a positive work life balance.”

For more information on the remaining units available at Firecrest Court, Razorbill Court or Ravens Court, Eagle Business Park, Yaxley, contact Richard Jones, tel 01733 897722, [email protected] or through eddisons.com/barker-storey-matthews.

Eddisons on a half year high in industry rankings

Richard Jones Eddisons

Eddisons on a half year high in industry rankings

Eddisons is celebrating success this summer in being ranked by industry insiders in the top ten most active firms across the country and in the East of England and, in addition, in the industrial sector through the activity of its agents in Peterborough and Cambridge.

The plaudits have come this month (July) from property research specialists, EG Radius who run the sector’s much coveted annual deals competition and who, for the first time, have published mid-year rankings identifying the top ten dealmakers.

The rankings are based on the number of transacted deals, for all lettings and occupier sales, completed from 01 January to 25 June 2021.

Activity in the market since the beginning of the year (2021) sees Eddisons’ agency feature in the top ten in two of the national categories: for the number of deals based on the amount of space transacted (82,307 sq ft) and the number of transactions in the industrial sector (20).

Regional success in the East of England means Eddisons’ agents occupy four out of the top ten individual dealmaker positions for the number of deals in all sectors (74) and the number of transacted space – the latter with a cumulative total of 208,429 sq ft in the past six months alone.

Identified as one of the top ten individual dealmakers in the national and regional rankings, Eddisons’ Richard Jones said, “It’s a great achievement for us – individually, regionally and, collectively, for Eddisons.

“We always feature strongly in the annual deals competition and currently occupy the top slot as the East of England’s most active commercial agent for the eight successive year in the competition based on the deals of 2020 across all sectors, including industrial.

“Our extensive presence on the ground in the eastern region and the expertise of our agents means we are continuing to push deals through this year.

“It’s encouraging to see that, mid-year in 2021, we’re on course with the pace of transactions in what is yet another challenging year – as the complex effects of lockdown and the impact of the Covid-19 pandemic play out on the regional and national business stages.”

Find out more 

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

Freehold investment sold on Cambridge’s Mill Road

97 & 97a Mill Road

Freehold investment sold on Cambridge’s Mill Road

The freehold interest of a mixed-use, end terrace, Victorian building in one of Cambridge’s popular commercial and residential districts has been sold by Eddisons now incorporating Barker Storey Matthews on behalf of Cambridge City Council.

The property, 97 & 97a Mill Road, on the corner of Gwydir Street, is one of a series of property instructions forming part of the city council’s agreed planned disposals and divestment programme in Cambridge.

Laurence Gercke, Associate Director at Eddisons, commented “With an award winning restaurant in occupation on a long lease, it came as no surprise that we received strong interest in the property which sold in excess of the asking price of £400,000.”

For more information on freehold investment opportunities in Cambridge, contact Laurence Gercke at Eddisons on 01223 467155 or [email protected].

Cambridge industrial unit let

Unit 6 Restwell Ct Cambridge - Eddisons inc BSM - June 2021

Cambridge industrial unit let

An industrial unit in Cambridge has been let on a new 10 year lease through the local office of Eddisons who acted as sole agent on behalf of the landlord.

Unit 6 Restwell Court, Coldham’s Road is in one of the city’s established industrial districts, on a popular trading estate, one and a half miles from the centre of Cambridge.

The unit gives the new occupier 932 sq m (10,038 sq ft) of accommodation which will be used for storage and distribution of food products.

For more information on industrial opportunities to let in Cambridge, contact Laurence Gercke at the Eddisons office in the city 01223 467155 or [email protected].

Growth prompts local move for timber supplier

Growth prompts local move for timber supplier

An industrial warehouse unit in St Neots has been let by the Huntingdon office of Eddisons incorporating Barker Storey Matthews to a local timber merchant whose business had outgrown its previous premises in the Cambridgeshire town.

The St Neots branch of Bedford Timber Supplies Ltd  has relocated to 4b Marston Road – a 12,850 sq ft (1,193.7 sq m) warehouse unit – from a unit on Levellers Lane, St Neots where it had been located for over 20 years.

The company, which serves the trade and the general public, had been seeking new premises for over a year before securing a new lease on 4b Marston Road through Eddisons – who was the sole agent acting on behalf of the landlord.

Speaking about the recent relocation, Bedford Timber Supplies Ltd branch manager, Tony Barnett, said, “With a growing customer base in the region and twelve employees who live in the area, we needed to find larger premises but still remain in St Neots.

“The search for the right premises took time. But we now have a warehouse and trade counter unit from where we can serve our existing customer base and accommodate the business’s expansion as we, together with our Bedford branch, extend our reach to new customers.”

Richard Adam of Eddisons added, “In a fast moving industrial property market, occupiers can feel tempted to settle for a unit which doesn’t fully meet their essential property requirements.

“In its taking time, Bedford Timber Supplies has found a warehouse unit from where it can trade successfully for a number of years in line with the company’s business plans.”

For more information on industrial units to let in the area, contact Richard Adam at the Huntingdon office of Eddisons, tel 01480 451578, [email protected] or see 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].

Refurbished workshops and offices to let following sale of site

Refurbished workshops and offices to let following sale of site

A scheme of workshops and offices on one of Huntingdon’s principal trading estates is now available to let through Eddisons incorporating Barker Storey Matthews following the sale of the former factory site last year (2020) by the agent.

The scheme at 9-10 Clifton Road on the St Peters Road Industrial Estate sees a total of six commercial units created to let following extensive refurbishment of the former Aerotron factory premises on the 2.31 acre site by the new owners.

There is a series of four workshop units of 4,500 sq ft (418.06 sq m) – all with separate access and one with a single storey office. In addition there is a larger, standalone workshop unit of 6,062 sq ft (563.17 sq m).

The largest workshop unit, of 20,945 sq ft (1945.85 sq m), has access from both the central service yard and also a self-contained yard to the rear.

This unit (Unit 10) can be offered to let with a two storey office property with a reception area of 3,238 sq ft (303.35 sq m). The agent advises that the offices may be also available to let separately by negotiation.

At 9-10 Clifton Road, the units to let are in a prominent position on the estate where nearby high profile occupiers include GPS Pipes, Steinhoff Beds and the production facility and headquarters of Hotel Chocolat.

Eddisons’ Stephen Power is leading the marketing of the units following his successful sale of the site last year.

He said, “This part of Huntingdon has always appealed to industrial and trade counter occupiers.

“There is no question that the completed upgrade of the A14 and the ongoing improvements to Huntingdon town centre’s road network are helping to profile the town’s commercial locations to new property audiences.

“That we were able to sell the 9-10 Clifton Road site during business lockdown last year is a testament to the appeal of industrial property as an investment – especially when it’s located in the kind of key regional and national industrial and logistics hub that the Huntingdon district now is.”

Viewing of 9-10 Clifton Road, St Peters Road Industrial Estate, Huntingdon is strictly by appointment only through Eddisons as the sole agent.

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

Detached industrial unit let to local occupier on Cambs estate

Detached industrial unit let to local occupier on Cambs estate

An 878 sq m (9,450 sq ft) industrial unit on an estate close to Cambridge has been let by Eddisons now incorporating Barker Storey Matthews  to an occupier on the same estate.

Eddisons acted as the sole agent for the landlord in the letting of Unit 2 Pembroke Avenue, Waterbeach – an established business location two and a half miles north of the A10/A14 interchange at Milton (Junction 33).

The occupier has taken a new 10-year lease of Unit 2 which provides a mixture of open plan warehouse and office accommodation and a good-sized concrete surfaced loading and parking area.

For more information on industrial opportunities to let in the Cambridge area contact Laurence Gercke at the Eddisons office in the city, tel 01223 467155, [email protected] or see 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].