The need for speed on industrial freeholds

The speed with which Eddisons' Peterborough agency converted an instruction to solicitors to an unconditional exchange in less than one morning is indicative of the heat of the region’s freehold industrial market this spring.

Julian Welch, Director, is claiming an office record, at least - if not a regional record for the agency - of just over 2.5 hrs from instructing solicitors on the freehold sale of a property at 8.35am to its unconditional exchange just before 11.15 am that same morning.

Eddisons was the sole agent on the workshop with offices property on a self-contained site in the established Eastern Industrial Area of Peterborough.

In 30 years of agency experience, Julian admits to not having secured a deal in such a short space of time and nobody else in the vastly experienced agency team in the Peterborough office claims to have matched that pace.

It is, he says, a sign of the times when it comes to the appetite for industrial freehold. And, Julian also adds that it was a Friday morning too.

For more knowledge on our property agency work, get in touch with our Peterborough office.