Office investment sale signals ‘positive movement’ in sector in selective Huntingdon locations

The investment sale of an office suite on a Huntingdon business park indicates what BTG Eddisons describes as ‘positive movement’ in office investment market sentiment providing the quality and the location are right.

The assertion comes from BTG Eddisons in announcing the completion of the sale of 10b Aspen House on the town’s Vantage Park, just off the A141 Spittals Way.

An office suite of 1,760 sq ft across two floors, 10b Aspen House was sold to an undisclosed local investor after a short period of marketing. While the final sale price also remains undisclosed, BTG Eddisons confirms the office investment was marketed with a guide price of £230,000.

The office occupier of 10b is part of a global operator in the food sector.

Its companion suite, 10a Aspen House, offering similar modern office accommodation of 2,122 sq ft - also across two floors - is currently being marketed for sale by BTG Eddisons with a guide price of £255,000 on a vacant possession basis.

While 10b Aspen House was sold to an investor, Stephen Power of BTG Eddisons confirmed that 10a is generating interest from owner-occupier companies.

He said, “It is reasonable to say that while the office market remains challenging, several recent transactions in the local towns we cover from our Huntingdon agency indicate a modest improvement in office market sentiment. From a more or less stagnant market in this sector for five years, we anticipate this will continue to improve this year.

“However, the quality of the offer, in terms of office specification and location - Vantage Park is just two miles east of the A1(M)/A14 interchange - as well as correct pricing for the market circumstances, are acutely important whether as an investment purchase or on an owner-occupier basis.”

For more information on 10a Aspen House, Vantage Park, Huntingdon, or to arrange a viewing which is strictly by appointment, contact Stephen Power at BTG Eddisons on 01480 451578 or on [email protected].