Sale of strategic employment land in St Ives confirmed

Eddisons has acted jointly as agent on behalf of a private vendor in the unconditional sale of a 12.7 acre site in the Cambridgeshire market town of St Ives to developer Barnack Estates Ltd.

Situated in the town’s key commercial employment district, the site is located opposite the Somersham Road Industrial Estate, on the northern outskirts of the town by the B1040 road.

The site was sold with recently secured planning consent for commercial employment use.

In looking to offer opportunities for delivery in the early part of next year (2025), Barnack Estates Ltd is set to deliver a commercial scheme that will offer new build office and hi-tech facilities to the market, along with a mixture of commercial space to suit a diverse environment and economy.

Working with its partners, Barnack Estates Ltd will be promoting ideas for the development scheme across the wider community.

Eddisons has been appointed as the sole selling agent under instruction to market the freehold & leasehold opportunities as the development comes on stream.

Speaking about Eddisons’ role in the deal, Simon Parsons, Director, said, “In a region of high growth & ongoing economic investment, plus current and future housing growth in St Ives, the town and the wider Huntingdon district are strategic business locations that can meet the needs of both large and SME-sized companies in Cambridgeshire.

“This latest proposed commercial development seeks to offer a solution for such companies who want to benefit from being close to the R&D core of Cambridge, but feel the combined costs pressures of its highly competitive labour market and limited availability of quality business space.”

Vanessa Pomeroy, Managing Director, Barnack Estates Ltd, added, “We are delighted that we will be able to offer this much needed space for growing business both in the local area and further afield.

“We hope that our partnerships with Invest in Huntingdonshire & Cambridge Regional College will allow us to attract the most innovative and forward thinking businesses to the area.”