St Neots satisfies appetite for food production facility

BTG Eddisons' Huntingdon office has confirmed the freehold sale of a food production facility in St Neots, Cambridgeshire which was marketed with a guide price of £1.375 million.

Confirmation of the sale of 5 Marston Road on the Cromwell Road Industrial Estate to a new owner - who also operates in the food production sector - comes from our agency team, which acted on behalf of the previous owner in the transaction.

The self-contained factory unit, offices and ancillary warehouse space, totalling 19,597 sq ft of accommodation on a site of just under half an acre, was available to let or for sale.

Stephen Power, who led the sale of 5 Marston Road, said, “The St Neots and Huntingdon areas of Cambridgeshire have a number of commercial food production manufacturers whose property requirements require a location accessible to the kind of supply chain logistics for goods in and out that the area’s A1/A428 and A14 road networks satisfy. As well as, of course, proximity to substantial residential areas from which to recruit a workforce.

“With a food production fit-out already in situ at 5 Marston Road, it was always likely that the new owner would be one operational in the sector.”

The identity of the new owner or the final sale price achieved remain undisclosed by the agent.