Ben Green, Agency Director at Eddisons said: “We are delighted to have achieved this result for our client after a competitive bidding process. Laboratories are a sought after asset class and the acute imbalance of supply and demand in Cambridge makes it target location for investors”.
“With a lack of freehold investment opportunities it was little surprise that the property attracted good interest and achieved in access of the asking price.”
The sale price reflected a net initial yield of 5.6%.
For more information on commercial property investment opportunities in Cambridgeshire, contact Ben Green at the local office of Eddisons on 01223 448791 or [email protected]
Warehouse unit in Thetford let to local logistics company
Eddisons confirms a warehouse unit in Thetford has been taken up by a local logistics company.
The 18,000 sq ft premises at Burrell Way Trade Park has been let to R&P Distribution on a new long term lease.
Occupying a prominent position at the entrance of the estate, the unit comprises a recently refurbished detached warehouse with office accommodation and a secure yard.
Burrell Way Trade Park is located southwest of Thetford town centre close to the A11. Other occupiers on the estate include Lidl, Howdens and Boots.
Eddisons Bury St Edmunds Agency team acted with joint agents Merrifields to let the unit on behalf of the landlord.
Eddisons agent Simon Burton, comments: “Despite the current economic climate, a new benchmark rent for Thetford was achieved, demonstrating the continued strong demand for industrial and warehouse units in the area.”
For more information on warehouse units in in Thetford, contact Simon Burton at Eddisons on 01287 715005 or [email protected]
Eddisons’ Peterborough agency team has completed the sale of 5 Macadam Road, comprising a 96,000 sq ft industrial / warehouse unit in Corby.
Offers were invited for the freehold investment in the region of £7.25m.
The building has been purchased on a sale and leaseback from the owner occupier, by a business investor seeking to diversify their income.
The vendor, a leading furniture wholesaler, has signed a new 10-year lease at £540,000 per annum.
Located on Earlstrees Industrial Estate, an established employment district in the heart of Corby, the premises comprises a high bay warehouse, two showrooms, recently refurbished office accommodation and loading areas.
Eddisons Agent Simon Parsons commented: “This warehouse unit offered an excellent opportunity for potential investors looking to invest into both a strong commercial property market and a well-established business.
Eddisons provided investment advice and whilst the market was slowing, secured good interest, which resulted in the sale of the property.”
Eddisons let industrial unit to drilling equipment specialists
Eddisons’ Bury St Edmunds agency team has let an industrial/trade counter unit at Brunel Business Court to drilling equipment specialists Llamada UK Ltd.
The company, which is part of CM Llamada in Spain, has signed a new 10-year lease on Unit 3 – a two storey unit of steel portal frame construction with office accommodation and kitchen facilities.
Brunel Business Court is located on Brunel Way in Thetford and offers excellent access to the A11. Neighbouring occupiers include Knowhow, Star Transport, Caligraving Limited.
Eddisons surveyor Steven Mudd said: “We are delighted to have let another unit on one of the town’s main industrial and warehouse locations.
“Unit 9 Brunel Business Court, a modern commercial unit with first floor office accommodation, has recently become available to let due to another tenant consolidating their business down south.
“Interested parties should contact Steven Mudd at [email protected] or 01284 715 003.”
Eddisons completes £1.9m upgrade project at York school
Eddisons has project managed the £1.9m refurbishment of new dining areas, toilet blocks and classrooms at Millthorpe school, a 1,000-student York high school run by South Bank Academy Trust.
Completed this month, the project has upgraded and modernised outdated areas of the school as well as freeing up the circulation of students and staff through the building by reconfiguring areas where bottlenecks were creating logistical problems and causing lengthy lunchtime queues.
A new external covered dining area, the refurbishment and extension of the existing dining room, upgraded toilet blocks and refurbished teaching areas were all included in the scheme which took Eddisons four months to complete once work began on site this summer.
Declan Williams, a building surveyor with Eddisons’ 60-strong specialist education team, which works with school and college academy trusts to secure government funding for improvement projects and sees them through to completion, said: “We have been working with South Bank Academy Trust for four years after being approached to carry out the initial condition survey.
“Circulation was identified as being a major issue that was disrupting the school day and that was one of our main challenges, to reconfigure the way people travel around the entire school.”
He added: “We have had excellent feedback from the school who have told us that both staff and pupils are enjoying the more orderly atmosphere and increased capacity to serve more people at lunchtimes. Some of the new, modern space we have created is multifunctional so that it can be used either as a dining room or as a teaching area, which has been particularly useful for maximising the space available.”
Eddisons carried out the initial survey into the condition of the school buildings, as well as providing architectural and design services for the £1.9m project and project managing the construction of the new areas.
Eddisons secures four new tenants at Eagle Business Park
Acting on behalf Barnack Estates UK Ltd, Eddisons has secured four new industrial lettings on Ravens Court, Eagle Business Park in Yaxley.
The warehouse units, each comprising 1,040 sq ft, have been let on 5-year lease at a rent of £10,950 pax.
The new tenants include JFO Communications Ltd, RJR Contracts, Halo Renewables, Provance Media.
Ravens Court is part of phase II of Eagle Business Park, a new industrial warehouse development on a fenced and gated estate, offering steel portal frame units with office space, fibre connection and onsite parking. Ravens Court forms a small estate on the business park, which completed in August 2022.
Provance Media Founder Stuart Dixon comments: “Fred Seaby and his team were excellent and ensured we completed in record time so we could begin the next exciting phase of our business.”
Eddisons Agent Richard Jones comments: “We are delighted to welcome four new occupiers to Eagle Business Park. The site is in the perfect location and offers local businesses high quality industrial space and employment opportunities.
With a number of other lettings in the pipeline, the park will be almost 90% occupied in the coming months.
For information on the remaining space at Eagle Business Park, contact Richard Jones on 01733 556497 or [email protected]
Eddisons Delivers New London Hub For Urban Tech Logistics Firm Stuart
Eddisons has completed a renovation project to create a new 18,500 sq ft ‘last-mile’ delivery hub in North West London for pan-European tech logistics business Stuart Delivery. Part of DPD Group, the high-tech firm provides scheduled and on-demand food, grocery and retail deliveries to urban areas using a managed fleet and local independent couriers.
Eddisons director Nick Galloway and building surveyor James Barker of the firm’s building and project consultancy team acted on behalf of Stuart to undertake a pre-lease schedule of condition for the firm’s new premises at Standard Road in London’s Park Royal area.
Eddisons also developed a bespoke space plan together with a repair and fit out specification, commissioning new fencing, automatic barriers and gates, and superfast EV charging stations for Stuart’s electric delivery fleet.
New fire alarm installation, LED lighting, corporate signage and electrical enabling works for conveyor systems were also incorporated. Organising building regulations approvals via an approved inspector, the firm also undertook full contract administration and principal designer duties.
Eddisons’ James Barker said: “Stuart’s management team shared our enthusiasm for bringing the property back into use, maximising the sustainability features of the premises and bringing them into a compliant state for the new business operation.”
Stuart retail logistics director Marcus Hurd said: “Working with the whole team at Eddisons was great. They took time to understand our business vision and the resulting priorities for this operating site and how it might be developed.
“We received fantastic advice, allowing the plans for the site to be streamlined and costs controlled, whilst at the same time ensuring the renovations had maximum positive impact on both the environment and the people using the site.”
Final phase at Eagle Business Park, Yaxley is landing smoothly
The Final phase at Eagle Business Park in Yaxley is landing smoothly, confirms sole agent Eddisons.
Barnack Estates UK Ltd has now completed the construction of an 18 acre site at the second phase of Eagle Business Park. Since the launch of this phase at the end of 2017, Eagle has been a remarkably successful industrial scheme, due to the quality of the units and environment created.
Rob Facer, Chairman, Barnack Estates UK Ltd, commented, “We are delighted to help meet the employment and industrial growth in the area. We have developed nearly 250,000 sq ft of space constructed in 116 units in this phase which has led to hundreds of new jobs”
Eagle Business Park, which fronts on to Broadway, Yaxley was established in 2010 and the first phases were soon successfully developed by Barnack Estates UK Ltd to occupy its original 25.7 acre site. This second phase sees a further 18.38 acres of commercial development, a total of 44.08 acres by Barnack Estates UK Ltd.
Given its location – with good road access to Peterborough’s Parkway road system and the A1(M) Norman Cross junction, Eagle Business Park has always seen a good mix of trade counter, light industrial, showroom and food sector tenant occupiers and freehold owners.
16 companies that have moved to site since September include JFO Communications Ltd, RJR Contracts, Halo Renewables, Provance Media, Market Ready (Peterborough) Ltd, Vale Select Motors Ltd, Trailer Vision Ltd, Nene Valley Flooring Ltd, Cambridge Medical Ltd, Warehouse Collective Ltd, Suprima Service Ltd, Aligned Concept Engineering Ltd, Vault Tech Holdings Ltd, Pro-Bake Ltd T/A Combilift Ltd, Verde Group Ltd and CTE Services Ltd.
Richard Jones, Director at Eddisons, commented, “The remarkable take up on Eagle Business Park has been due to the quality of the units and environment created. Eagle Business Park has set standards for industrial development with treelined estate roads and a pleasant working environment being key, as well as a lack of modern industrial units being available in Peterborough and further afield. Relocations from Sudbury, Cambridge, St Ives, St Neots, London as well as Peterborough, has led to a good mix of occupiers from specialist bottling companies to 3D printers, electrical contractors, lash and brow training and other beauty treatments, as well as traditional printers and internet distributors, amongst others.’’
A few freehold and leasehold units remain available in unit sizes from 900 to 2,895 sq ft.
Eddisons has sold the 32,000 sq ft Jubilee Mill office building near Little Germany in Bradford to independent freight forwarding firm Uniexpress.
Uniexpress, which is headquartered in the city and operates from nine locations across the UK, has relocated its head office from Bradford Business Park to the Jubilee Mill to accommodate the growth of the business, renaming the four-storey property Navigation Point. It now employs more than 70 people in Bradford.
Eddisons associate director Matt Jennings added: “We’re really pleased to have sold Jubilee Mill to Uniexpress. Not only is it great to be able to help a successful Bradford business achieve further growth, it is also really good news that this deal will ensure that jobs remain in the city centre.
“We received a great deal of interest from buyers who were keen to redevelop the site as residential accommodation but it is very positive for Bradford that this property will continue as a high quality, modern employment centre.”
Eddisons sold the open-plan Jubilee Mill office building on behalf of debt counselling charity Christians Against Poverty (CAP), which was founded in Bradford in 1996.
Increasing demand for the charity’s services which provide free debt advice for people with financial problems, fuelled by the cost of living crisis and rising energy prices, has necessitated a move to new premises for CAP.
We’re proud to employ more than 350 talented individuals working across a multitude of disciplines.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.