Corby warehouse sold in Sale-and-Leaseback deal

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Macadam Road

Corby warehouse sold in Sale-and-Leaseback deal

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 acted on behalf of the owner occupier.

Eddisons let industrial unit to drilling equipment specialists

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Eddisons Brunel Way

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 secures four new tenants at Eagle Business Park

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Eagle Business Park Nov 22

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].

The final phase at Eagle Business Park, Yaxley is landing smoothly

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Eagle Business Park Nov 22

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.

For more information about units at Eagle Business Park, Yaxley contact the sole agent, Richard Jones at Eddisons on 01733 897722 or visit https://www.eddisons.com/property-search.

Eddisons complete sale of historic Jubilee Mill

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Jubilee Mill

Eddisons complete sale of historic Jubilee Mill

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.

Final unit remaining in brand new industrial unit development

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Meridian Court

Final unit remaining in brand new industrial unit development

Acting on behalf of the developer, Eddisons Huntingdon office has announced the first sale in the soon to be completed Meridian Court development in St Ives.

Unit 2, which is being purchased by a local company, is due to be finished in the next few weeks and is within a block of four units at Meridian Court which is one of the final sites within the established Compass Point development.

Units 1 and 3 within the development are also under offer and close to completion leaving just Unit 4 available which is 2,809 sq ft.

Richard Adam, Director at Eddisons who is handling the marketing of the site commented “We have had good interest for this development which is within an excellent location upon Compass Point, handy for nearby services and offering parties the opportunity to purchase their own building.  We have also had interest from investor purchasers looking to buy and lease.  There is a further phase of four units planned for next year but we advise interested parties to contact us regarding the remaining unit to secure prices at the current level.

For more information on Meridian Court, contact Richard Adam on 01480 415727 or [email protected].

Eddisons let 1.82 acre industrial site in Mildenhall

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Plot 41, Hampstead Avenue

Eddisons let 1.82 acre industrial site in Mildenhall

Eddisons Bury St Edmunds agency team has completed the letting of industrial premises of 20,809 sq ft set on a 1.82 acre industrial site in Mildenhall.

Acting on behalf of the landlord, Eddisons negotiated the letting of Plot 41, Hampstead Avenue with Activate Accident Repair Group Ltd who have committed to a long term lease.

The nationwide company, which carries out vehicle body repairs for the motability sector, have taken occupation of the industrial site comprising two detached buildings and a substantial concrete yard.

Simon Burton, Director of Agency at Eddisons, comments: “The market continues to be strong for large industrial units in Mildenhall. We are pleased to have completed this letting to Activate Accident Repair Group Ltd and introducing a new business to Mildenhall.”

As part of the deal, Eddisons’ Director of Building Surveying, Rory Addison Smith, dealt with the project management of the new roof, which was installed as part of negotiations and led to an enhanced rent being agreed upon.

 

Bury St Edmunds retail unit let to hairdressers

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3 Kings Road Mews

Bury St Edmunds retail unit let to hairdressers

Eddisons has secured the letting of a prominent retail unit in Bury St Edmunds to hairdressers Gavin Ashley Ltd.

Eddisons acted on behalf of the landlord Denny Bros Holdings Ltd to agree a long term lease on the property.3 Kings Road Mews comprises a ground floor retail unit close to the heart of Bury St Edmunds town centre. The premises benefits from double frontage onto Kings Road, close to the ARC Shopping centre. The tenant has undertaken an extensive high end fit out of the property, which provides them with additional space.

Gavin Ashley is a well-established hairdressing salon who have been trading in the town for more than 40 years and have relocated from their former premises in Churchgate Street.

Simon Burton, Surveyor at Eddisons commented, “Kings Road is a busy retail destination in the heart of the town centre. We wish Gavin Ashley all the best in their new premises.”

For further information on retail units in Bury St Edmunds, please contact Simon Burton on [email protected] or 01284 715005.

Pre-hospital training facility to open in Newmarket

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Eddisons Tulip House

Pre-hospital training facility to open in Newmarket

Acting on behalf of the landlord, Eddisons has let Tulip House, 1 Craven Court in Newmarket to pre-hospital training provider Medipro.

MediPro has agreed a new 10 year lease on the recently refurbished office unit, which was previously occupied by the East of England Ambulance Service. The building provides a total area of 8,362 sq ft arranged over two floors and will be used as an additional training facility for emergency care assistants and associate ambulance practitioners.

Brian English, Managing Director of MediPro, comments: “Medipro Limited is a leading provider of pre-hospital education in the UK. We train ambulance technicians, offshore medics, diver medics and paramedics. Medipro is also the largest provider of ambulance apprenticeships nationwide, training thousands of emergency care assistants and associate ambulance practitioners.

“In 2021, due to the business growth, we doubled our office space in Stockton-on-Tees where we have our purpose-built training centre. In 2022, it was evident we need to look for another training centre down south in order to accommodate further growth.

“Eddisons have become a key support in helping us to secure training centre in Newmarket.

“Their approach was exceptionally professional, and I would highly recommend their services.”

For more information on premises for sale in Newmarket, contact Simon Parsons on 01480 451578 or [email protected].

Eddisons East Midland team’s 47-mile walk beats fundraising target to raise over £14k for charity

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Eddisons sue ryder coastal walk

Eddisons East Midland team’s 47-mile walk beats fundraising target to raise over £14k for charity

Eddisons’ eastern regional offices in Peterborough, Cambridge and Bury St Edmunds joined forces in September to complete the 47-mile Norfolk Coast Path from Hunstanton to Cromer. They completed the challenge in just 24hrs and have raised a staggering £14,000 for their nominated charity, Sue Ryder.

Inspired by their friend David Park, a director in Eddisons’ Peterborough building and project consultancy team who was sadly diagnosed with cancer in 2021, the team set a target of raising £10,000 for Sue Ryder, the charity that provides expert palliative care to people living with life-limiting conditions.

The intrepid team set off from Hunstanton on the morning of 8 September, trekking throughout the night along the coastal route and reaching Cromer the following morning.

“It was tough, but we did it,” said eastern region director Martin Hughes. “As a team, we were able to push through the night and keep our spirits up despite the aches and pains and a closed path which actually added to the 47 miles!

“We’re so proud and grateful for all the support we’ve received in helping us beat our £10,000 target and raise over £14,000 to provide help and much-needed expert end-of-life care for Sue Ryder.