Brand new development for St Ives

The Huntingdon office of Eddisons, acting on behalf of the site developer, have just started to market a brand new business unit development at Compass Point in St Ives. To be known as Meridian Court, site works have now commenced which will involve the construction of four brand new business units which will be ready for occupation by Summer of 2022. The units comprise of two buildings of 2,809 sq ft with enhanced offices, and a further two smaller units of 1,657 sq ft, all with allocated parking.

Eddisons’ Director, Richard Adam, who is handling the marketing for the owners commented “We have been looking forward to starting the promotion of Meridian Court which is the first new scheme for some time in the St Ives area which offers a purchase option. This is the final development within the now well established Compass Point estate which is a mixture of business, industrial and office buildings. The developers are proposing a further phase of units for later next year and we have already received strong interest”.

For further information, please click here.

Eddisons staff get in the festive spirit to raise money for homeless charity

Property consultancy Eddisons is raising money for the homeless-support charity Shelter this Christmas by encouraging staff to donate cash or get themselves sponsored for wearing festive jumpers to work.

The firm’s 30-strong, Leeds-based building and project consultancy team, which last summer raised £7,000 in aid of the Brain Tumour Charity with an ambitious 5,000-mile physical challenge, have set their sights on raising £1,000 to support Shelter’s Christmas fundraising campaign.

Ian Harrington, who heads the building and project consultancy team, said: “Homelessness, or being stuck in unsafe housing, is one of the worst nightmares for many of us, especially at Christmas, so we’re really glad to be able to raise money for Shelter, which does such important work to help people in very vulnerable situations.

“Because of our work with school and college academy trusts, helping them to secure funding for improvements to their buildings and grounds through the Government’s Condition Improvement Fund (CIF), this has been an extremely busy few months for us. But now that all the CIF bids are safely in we wanted to do something festive that would give staff a bit of fun, and that everyone who is working from home can join in with.

“Needless to say, everyone has really got into the spirit of it and we’ve seen a full spectrum of Christmas jumpers, from the stylish to the downright dodgy!”
Eddisons have set up a Just Giving page for donations to Shelter at: www.justgiving.com/fundraising/eddisons-support-safe-housing

Rare opportunity to purchase a unique residential property with commercial yard in West Row

Eddisons, acting with joint agents Jackson Stops, are delighted to bring to the market Sandchurch Lodge, a unique mix of residential dwelling with commercial space that will be of interest to owner occupiers or investors looking to expand or re-locate in Suffolk.

The property comprises an attractive 7 bedroom detached house, arranged over three floors set on a site of 4 acres in all com providing attractive gardens, a commercial yard with a range of buildings and paddock. The detached property at Hurdle Drove offers spacious living and working areas for the new owner. The ground floor features a modern an open-plan kitchen, a range of reception rooms and two bathrooms, and the first floor features a range of good sized bedrooms and a large family bathroom.

Separately accessed through wrought iron gates is an extensive commercial yard area and range of buildings including workshops, storage, offices and trade counter. Having been the base of a reputable building contracting business with a national field of operations, the commercial element of the property has recently been granted a ‘Certificate Of Lawful Existing Use Or Development’.

The property further benefits from an attractive grass paddock, garden room and bar.

Located on the edge of the village of West Row and strategically located near a major road hub, the property allows easy access to Suffolk, Norfolk and Cambridgeshire via the A11, A14 and M11 . Locally there is a shop, restaurant, fish and chip shop, village hall and church.

The freehold interest of Sandchurch Lodge is offered at £1,350,000 with viewings strictly by appointment only.

Simon Burton, Director at Eddisons, comments:

‘We are delighted to bring the market this unique property. We believe Sandchurch Lodge offers purchasers a rare opportunity to obtain a freehold commercial site with options to operate their own business or generate a healthy rental income .”

To arrange a viewing or for more information, contact Simon Burton at Eddisons on 01284 715005 or [email protected].

Historic building sold in the cathedral city of Ely

Acting on behalf of the vendor, Eddisons has successfully completed the sale of a historic building in the cathedral city of Ely.

The three storey premises, totalling 140 sq m (1,506 sq ft), are at 28 Fore Hill, only a short walking distance from the High Street and Market Square.

The historic building dates from the early 19th century and is configured to provide a retail unit on the ground floor with a two/three bedroom maisonette on the first and second floors. At the rear is a dilapidated two-storey extension which was previously used for residential purposes before falling into disrepair.

The freehold sale price achieved was £370,000 and, according to Eddisons, the new owner intends to occupy the retail unit for their own use and let the flat.

For more information on freehold opportunities in Ely, contact Laurence Gercke at Eddisons on 01223 448793 or [email protected].

New office for Gallium Nitride technology developers

Acting on behalf of the client, Eddisons has successfully let a 1,240 sq ft office unit at South Cambridge Business Park in Sawston.

A new four-year lease has been agreed to Poro Technologies Ltd, a spin-out from the Cambridge Centre for Gallium Nitride in the Department of Materials Science and Metallurgy at the University of Cambridge.

The property comprises modern office accommodation arranged over two floors and benefits from allocated parking.

South Cambridge Business Park is situated in the village of Sawston, seven miles south of the historic city of Cambridge with excellent access to the A11 and M11.

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

Eddisons comments on the latest RICS Commercial Property Market Survey

The Royal Institution of Chartered Surveyors (RICS) has just published its latest quarterly UK Commercial Property Market Survey (Q3 2021), headlined, ‘Offices beginning to see some green shoots while industrials remain robust’.

Commenting on the latest findings, Ben Green, director of Eddisons, said: “In terms of the Cambridge market, our experience is broadly in line with the UK picture reported by RICS. The industrial sector continues to perform strongly with good demand and very low supply, particularly around Cambridge with its general low stock levels.

As reported by RICS, we have also seen an upturn in office demand with the majority of enquiries being for high quality space in central Cambridge and the principal business parks. Unlike the UK as a whole, office supply has not risen reflecting the strength of the local economy.

In addition, the amount of available laboratory stock is almost zero due to the exceptionally buoyant life sciences sector.  Retail vacancy rates remain steady in contrast to rising levels across the UK. The return of students and tourists to the city has increased footfall giving retailers a boost in prime locations. Investor demand remains very strong across all sectors with limited availability.”

For the full RICS Q3 2021 Commercial Property Market Survey, click here.

Eddisons instructed to sell The Rosery Country House Hotel and Restaurant

Eddisons, along with its business transfer division Ernest Wilson, has been appointed to find a buyer for The Rosery Country House Hotel and Restaurant located in Exning, Newmarket.

Dating back to the 1800s and steeped in history with royal visitors including Queen Mary and Queen Elizabeth, the hotel is a converted Victorian manor house that has been added to over the years whilst retaining much of its historical character. Comprising 16 bedrooms, the accommodation includes a principal building together with a separate coach house and garden rooms. Externally, there is a large patio area, mature gardens and a private car park for staff and guests.

With an array of facilities such as a large dining room and function rooms, along with a well fitted commercial kitchen, The Rosery Country House Hotel and Restaurant is an ideal venue for corporate events, private events and weddings.

The west Suffolk village of Exning is less than two miles from Newmarket, a town which is well known for its international reputation as the headquarters of British horseracing and breeding. The location also offers great links throughout Suffolk and Cambridgeshire.

Offers are invited for the freehold with either a company or asset sale being considered, with viewing strictly by appointment only.

Ben Green, Director at Eddisons, comments:
“The Rosery offers an excellent opportunity for an investor or hotelier to take on an established and profitable business with significant trading potential. The substantial building and large mature grounds offer further development potential, subject to planning.”

Paul Williamson, Managing Director at Ernest Wilson, comments:
“This is an exciting opportunity for a new owner to acquire this superb hotel and restaurant which trades on an impressive reputation and given it’s location one which could easily become a destination hotel in its own right.”

To arrange a viewing or for more information, contact Ben Green at Eddisons on 01223 448791 or [email protected].

To view the Eddisons property listing, click here.

To view the Ernest Wilson business listing, click here.