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

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

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

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

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

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

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].