23/02/2024
News
Freehold sold in Newmarket industrial location
Eddisons' Cambridge team has confirmed the sale of the 7,809 sq ft (725.48 sq m) industrial premises on Depot Road, Newmarket, in a deal in which Eddisons acted as the sole agent on behalf of the vendor.
Launched for sale last autumn, Beechwood House is a freehold warehouse unit with two storey offices and a large yard, on a self-contained 0.45 acre site in the town’s Exning Road commercial district. It was offered for sale with vacant possession.
The premises have been sold to a private investor for an undisclosed sum, but the freehold was marketed at a guide price of £550,000.
Eddisons understands that the new owner intends to refurbish and update the property - capitalising on the widely acknowledged shortage of modern industrial units available to let in the Cambridge to Newmarket corridor, adds the agent.
For more information on the availability of industrial units to let or freehold premises for sale, contact Ben Green at Eddisons on 01223 467155 or through eddisons.com.
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