Boost for the high street as Eddisons complete two retail lettings in Huntingdon

The high street is set for a retail boost this autumn as Eddisons complete the letting of two retail units in Huntingdon.

Eddisons acted as the sole agent under instruction on the two units in the heart of the town’s retail core, 24 and 25 High Street.

24 High street has been let to financial advisors, Cambridgeshire Money, who plan to open mid September (2021). The property comprises 1,112 sq ft (103 sq m) of accommodation over two floors and benefits from a large display window to the High Street.

Speaking about the letting, Corey Whelan, Director of Cambridgeshire money, said: “The motivation for taking the new office for us comes off the back of a great start to the business and how 2021 has got off to a flyer and led us to needing more space for more expansion.

“As a company, we were launched at the very start of the pandemic and spent our first months managing to still push ahead and grow that required us to move into an office in July of last year but we’ve found in the last year we’ve still grown even further, expanding the team that we need more space as we plan to continue this trend and continue to grow.

“The office itself seems perfect for this for us with a great space and with the added bonus of a high street, shop front location really helping up grow our brand and exposure as well as making us more accessible to our customer.

25 High Street has been let to pizza restaurant and takeaway firm, Don’t Panic Pizzeria & Grill. The two-storey property of 901 sq ft² (84 sq m) was formerly occupied by an established local café.
Don’t Panic Pizzeria & Grill restaurant owner, Jordan Mason, said: “We are thrilled to be in our new premises, 25 High Street, Huntingdon.”

“Opening the first of many future stores is a huge milestone for us, and being locals, it was important to us that our first store was in Huntingdon.

“We hope to bring high quality food and drink to the town whilst opening up future job opportunities within the community.”

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

Great North Business Park enters new phase

The Huntingdon office of Eddisons has confirmed that over half of the warehouse units in the second phase of the Great North Road Business Park, known as Axus Park – a brand new development of light industrial units adjacent to the A1 in Biggleswade, Bedfordshire, are either let or sold.

The twelve units of the second phase were released earlier this year (2021) following the success of the first phase of the business park where all the units are fully occupied.

This summer, with seven units already sold or let in Axus Park, the first occupiers moving into the new-build units, and another also under offer Eddisons reports that there is strong interest in the remaining 5 units from a variety of occupiers.

Phase 2 has twelve units ranging in size from 2,280 sq ft to 5,060 sq ft (212 sq m to 470 sq m). The units arranged across two terraces of mid-sized workshop/storage units and two large distribution sheds and are centered around a central fenced and gated estate road.

All units have allocated parking spaces in ratios proportional to the unit size.

Great North Business Park is in the Upper Caldecote area of Biggleswade. It is adjacent to the A1, to which a new access road has been constructed as part of the development’s plans.

The development is on part of the Woodlands Nursery. It has good regional road connections west to Bedford, Milton Keynes and the M1, in addition to onward A1 connections north and south.

According to Stephen Power, Director, Eddisons, who is leading the marketing of Great North Business Park from the agent’s Huntingdon office, the development has attracted a range of industrial occupiers.

He said, “The units have attracted occupiers looking to capitalise on the development’s prime location and quality new-build units in an industrial market which continues apace as we enter the second half of the year.”

Viewing of the available units at Great North Business Park, Axus Close, Biggleswade, Bedfordshire is strictly by appointment through Eddisons as the sole agent.

To arrange a viewing or for more information on the available units on phase two, contact Stephen Power at Eddisons, 01480 451578, [email protected] or see https://eddisons.com/properties/phase-2-woodlands-estate-upper-caldecote-biggleswade-bedfordshire-sg18-9bj.

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.