Barker Storey Matthews Commercial Supplement Spring 2016

BSMCOMMERCIAL PROPERTY SUPPLEMENT

www.bsm.uk.com Issue #11 Spring 2016

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Contents

Welcome to the 11th edition of our commercial property supplement. 2016 marks a significant year for BSM as we celebrate our

25th year. Following a buyout from the Prudential Property Services in 1991 we

have established ourselves as one of the largest firms of independent Surveyors

in the Eastern Region. 25 years on and eight of our founding directors remain with

the firm as we continue to provide our extensive range of commercial property

services across the region.

Our supplement is sent to around 10,000 businesses, potential occupiers

and investors throughout the region giving our clients a cost effective way of

marketing their properties. The properties advertised represent just a selection

of our instructions. Please contact one of our offices to receive detailed property

brochures and to discuss your requirements further. Alternatively, visit our website;

www.bsm.uk.com to register your requirement and find out more about the

range of services we provide. Our website has a comprehensive search facility

and our news and blog pages provide up to date articles that we hope are of

interest to you.

We also hope you find our latest market commentaries of interest, providing a

detailed picture on what is happening across the region.

Bury St Edmunds 4-9

Market commentary 4-5

Property selection 6-9

Building Surveying Services 10-11

Cambridge 12-17



Huntingdon 18-31



Rating 28

Peterborough 32-42



Property Management Solutions 43

© Copyright 2016 Barker Storey Matthews

All rights reserved. Unless otherwise stated all

prices and rents quoted are exclusive of VAT. Details

contained in adverts to include floor areas, prices

and rents are given in good faith but are set out

as a general guide only and do not constitute any

part of a contract. No person in the employment of

Barker Storey Matthews has any authority to make

or give any representation or warranty in relation to

the properties advertised.

All queries regarding editorial, advertising and

subscriptions should be directed to:

BSM Magazine

Barker Storey Matthews

37 Priestgate

Peterborough

PE1 1JL

Front Cover: The Incubator, Alconbury Enterprise Campus – A new flagship building on the low carbon Alconbury Weald development comprising flexible office space for small and start-up businesses ranging from 57.1 - 350.4 sq m (615 - 3,722 sq ft).

Sam White

Marketing Manager

Tel: 01733 897722

Email: [email protected]

Web: www.bsm.uk.com

4 BSM Commercial Property Supplement • Find more online at www.bsm.uk.com

Bury St Edmunds Market Commentary

Overview by Simon Burton, Director, Bury Office

OfficesGood quality office space remains in short supply. Whilst demand has been subdued, as indicated above, we believe this is primarily due to the available stock not aligning with the active requirements. Demand for freehold space remains strong and several large requirements remain unsatisfied.

The shortcomings in the market are demonstrated at Suffolk Business Park, where Suffolk Housing are currently constructing a new two storey office building for their own occupation. The freehold demand is demonstrated with 372 sq m (4,000 sq ft) under offer at Drovers House, Hillside Business Park, but with lack of supply, 2016 may see some significant shifts in quoting terms.

There are still a few good quality occupational opportunities in the market at Ross House, Abbotsgate House and Beacon House but overall we expect an increase in office rents over the course of the next 12 months. We have already seen quoting rents for more modern space increasing to between £14 and £14.50 per sq ft, and would expect this trend to continue. With a number of larger requirements in circulation and no obvious large office vacancies on the horizon, there may be a drive for new development and design & build opportunities.

IndustrialAs with the office sector, the industrial market continues to be characterised by a lack of availability of larger buildings, particularly in excess of 930 sq m (10,000 sq ft). Similarly, the market preference appears to favour freehold transactions, demonstrated by the sale of around 2,044 sq m (22,000 sq ft) at Easlea Road to Anti Stat and 8,268 sq m (89,000 sq ft) in Mildenhall to Barman’s.

Demand for larger buildings is particularly strong for the B8

warehouse and distribution sector and suitable buildings throughout the region are at a premium. Generally the need is for large clear span buildings benefiting from better than average eaves height and cross docking.

A good number of larger industrial requirements remain unsatisfied, again, primarily due to lack of supply, but also as a result of available stock being older and to a sub-standard specification. As a result, consideration needs to be given by vendors and landlords to refurbishment and enhancement of buildings to meet demand, but also by developers to bring forward potential design and build opportunities where the availability of land allows.

A prime example of enhancing, improving and investing in existing stock can be seen at Anglian Lane Industrial Estate where around 4,230 sq m (45,527 sq ft) has received the owners attention, leading to serious interest in the property from a sole occupier.

At the smaller end of the scale, there continues to be good demand for small business units, although again, it would seem that freehold demand outstrips that for leasehold property. Ignoring “one off” ownerships and sales, owners and investors of multiple units will only consider sales if prices are at a premium. The reason for demanding these levels simply reflects the desire to replace stock as the only answer is to provide new build solutions. The cost to achieve this, however, can be expensive, with construction and deliverability costs rising as much as 20-25% over the last 12-18 months.

BSM recently marketed two units at Coppice End, attracting strong interest, with one being quickly sold, and the remaining unit under offer at the time of writing. Continued demand from Trade Counter occupiers has been shown with Benchmarx taking two units at Cratfield Road, leaving only 251 sq m (2,700 sq ft).

Ross House, Bury St Edmunds

Units 5 & 6 Coppice End, Bury St Edmunds

Bury St Edmunds continues to face increasing challenges in terms of supply of modern good quality buildings across all commercial sectors, with vacancy particularly low in retail, industrial and offices.

The lack of supply is becoming critical with low levels of stock coming to the market. Demand and take up has also been lower than expected, a factor primarily due to the lack of options available to occupiers. The primary demand across all sectors is for freehold, but with high build costs and a limited supply of land, strong prices need to be achieved to convince owners to sell.

The unlocking of development land at Suffolk Park should be a catalyst to new development in the coming years, but in the meantime we expect to see a continuing diminishing supply of existing vacant properties and a subsequent increase in rents and capital values.

BURY ST EDMUNDS

Issue #11 • Spring 2016 5

RetailThe retail sector in Bury St Edmunds continues to perform strongly. Despite the never ending media frenzy of reporting ‘deserted high streets’ and the ‘death of town and city centres’, the already low vacancy rate in Bury continues to fall. Bury is continuing to become an increasingly popular shopping destination within the region, supported by an affluent catchment population, good investment in the town centre, proactive management with events including a Christmas Fayre and initiatives such as free parking at certain off-peak times.

The restaurant sector remains the most active with a number of new operators recently opening in the town including Byron and Edmundo Lounge who have taken units at the Arc and Cornhill respectively. The Edmundo Lounge transaction went someway to alleviating concern about vacancy levels in Cornhill, with unease lifted even more following a further letting to Hughes Electrical, who took the 755 sq m (8,127 sq ft) former Mothercare store on Brentgovel Street, which opened in November 2015. Adnams have also opened a shop and café in the Buttermarket in the former Linen’s Direct premises.

Another reason for the town’s popularity is the diverse mix of national and independent retailers. In The Traverse, Barker Storey Matthews let 114 sq m (1,225 sq ft) to Dapper Fox, a new independent menswear retailer, whilst Nanook have also opened nearby. Haga, the furniture and homeware retailer, has returned to the town opening new premises of 388 sq m (4,180 sq ft) and Guat’s Up, a new independent specialist tea and coffee retailer, has taken premises from Barker Storey Matthews in Guildhall Street.

With regards to out-of-town retail, there is currently no vacancy at any of the out-of-town parks. Barker Storey Matthews have completed the sale of Haldo House to Western Way Retail LLP who have successfully obtained planning consent for a new retail warehouse scheme of 5,295 sq m (57,000 sq ft) opposite Asda and anchored by The Range, who have agreed a pre-let of 3,344 sq m (36,000 sq ft). There will be a further 1,932 sq m (20,800 sq ft) of retail warehouse space available to let which is already attracting interest.

Development & InvestmentThere has been strong demand from investors for property in the

Bury St Edmunds area, and we have recorded a number of sales in this sector, primarily retail led.

In April 2015, acting on behalf of a private landlord, BSM sold a 1,300 sq m (14,000 sq ft) prime retail unit

in the Buttermarket, let to Argos. The sale achieved a net initial yield of around 7.65% assuming normal purchasers costs. A mixed use multi-let retail and residential investment located in St John’s Street was also sold to Harkalm in October 2015 comprising 5 shops and 6 flats which achieved a net initial yield of 7.8%.

Continuing the theme, In September 2015, Barker Storey Matthews also sold a multi-let town centre retail investment in Langton Place to a private investor, further demonstrating the popularity of Bury St Edmunds as a retail location, and confidence in investing in this sector.

We continue to experience a strong and continued demand for this type of investment with a large percentage of enquiries directed at town centre retail or multi-let opportunities in lot sizes up to £1.5m, with demand also for buildings with potential for residential conversion. The trend looks to be continuing through 2016, particularly from smaller SIPP and SSAS fund owners who see bricks and mortar as a somewhat more stable haven than the stock market and equally providing a far greater return than cash deposits.

In terms of new development, there is continued activity in the residential sector. There has been a number of developments and applications of varying sizes, including change of use applications not only from office use but also retail, demonstrated by the marketing of a retail unit with prior approval for residential use in St John’s Place, itself attracting considerable interest. Barker Storey Matthews also received instructions to market two properties for Suffolk County Council earlier in 2015, both with development potential. Both properties attracted strong interest resulting in an invitation for best bids.

Finally, it looks as though work is due to commence on the Eastern Relief Road in early 2016, unlocking a large amount of badly needed commercial development land at Suffolk Park bringing the possibility of new development further forward. Work has already started on a new school, due to open in September 2016. With a number of unsatisfied requirements, this new development is an essential step for the town in enabling it to attract new investment and occupiers, whilst being able to satisfy pent up demand for larger scale operations.

Bury St Edmunds Market Commentary Contacts in the Bury St Edmunds Office01284 702655

Multi-let retail and residential investment St John’s Street, Bury St Edmunds

Argos retail unit at 29 Buttermarket

Haldo House, Western Way

Langton Place, Bury St Edmunds

Julian Lucas

Property Management

Steven Mudd

Agency

Simon Burton

Agency, Investment and Development

Adrian Browne

Valuations and Professional


Bury St Edmunds Proper ty Select ion

Bury St Edmunds

01284 702655

Beacon House, Kempson Way

› Modern detached office building with high quality fit out

› Prestigious business location with excellent access to the A14

› 36 car parking spaces› 633 sq m (6,813 sq ft) NIA

OFFICE - TO LET

Rent: £96,000 pax

Bury St Edmunds

01284 702655

8 Brentgovel Street

UNDER OFFER

RETAIL - TO LET

› Prominent retail unit in town centre location› Corner position with return frontage› Two retail floors and delivery access› 326 sq m (3,506 sq ft) NIA

Rent: £40,000 pax

Mildenhall

01284 702655

95 Hampstead Avenue

WAREHOUSE - FOR SALE / TO LET

› Prominent factory/warehouse building with offices

› Rear yard, parking and roller shutter access› Excellent access to the A11› 1,151 sq m (12,385 sq ft) GIA

Price: £460,000; Rent: £42,000 pax

Issue #11 • Spring 2016 7EPC’s available on request

Bury St Edmunds Proper ty Select ion Celebrating 25 years

Eriswell

01284 702655

Chamberlains Farm Laboratory Buildings

LABORATORY / OFFICE - TO LET

› Modern laboratory/office accommodation› Attractive rural location within the Elveden

Estate› Suitable for agricultural testing or similar

uses› 241 sq m (2,590 sq ft) NIA

Rent: £14,500 pax

Bury St Edmunds

01284 702655

First Floor 35-36 Brentgovel Street

RESTAURANT - TO LET

› First floor restaurant premises› Town centre location close to prime retail

area› New lease available› 135 sq m (1,457 sq ft) NIA

Rent: £22,000 pax

Ixworth

01284 702655

Former Ixworth Court Care Home

› Former care home suitable for re-use or redevelopment (STP)

› Attractive location with on-site parking› Within half a mile of the main high street› Total site area: 1.12 acres› 1,526 sq m (16,430 sq ft) GIA

LAND / DEVELOPMENT - FOR SALE

Price: £1,300,000


Stowmarket

01284 702655

Stevens House

OFFICE - TO LET

› Modern office building› Prominent location close to the town centre› One remaining ground floor suite to let› 90 sq m (972 sq ft) NIA

Rent: £8,262 pax

Thurston

01284 702655

24 School Road

RETAIL - FOR SALE / TO LET

› Fully fitted salon premises› For Sale/To Let as a going concern› Well established business premises for

over 30 years› 53 sq m (572 sq ft) NIA

Price: £110,000; Rent: £9,000 pax

Bury St Edmunds

01284 702655

First Floor, St Frances House

OFFICE - TO LET

› Self-contained office suite› Well-appointed, high specification with

allocated car parking› Easy access to the A14 and town centre› 235 sq m (2,532 sq ft) NIA

Rent: £25,320 pax

Bury St Edmunds

01284 702655

Hillside Business Park

INDUSTRIAL - TO LET

› Modern industrial/business units› Popular location with excellent access to A14› Suitable for a variety of light industrial/

business uses› 111 - 121 sq m (1,200 sq ft - 1,300 sq ft) GIA

(larger units also available nearby)

Rent: from £8 psf pax


• Modern self-contained ground floor office suite

• Established office park in a prestigious location

• New lease available on terms to be agreed

• Excellent access to the A14

• 18 on-site allocated parking spaces

• 396.56 sq m (4,269 sq ft) NIA

ROSS HOUSEKEMPSON WAY,Bury St Edmunds, IP32 7AR

For more information contact:

Simon Burton T: 01284 702655 E: [email protected] Mudd T: 01284 702655 E: [email protected]

• High quality fit-out• Raised access floors• LG7 lighting• Air conditioning• Kitchen and staff breakout area



Building Surveying Services

BSM Noble are able to offer comprehensive building surveying services ranging from a simple defects inspection through to full project management for new build projects.

We provide cost consultancy and feasibility studies and act for a diverse client base from individuals, small property companies and developers to institutional investors and local authorities.

Project Management: Management of

the design and

construction process

on new build and

major refurbishment

projects from

inception through to

completion.

Development Monitoring: Monitoring major

construction projects

on behalf of freehold

investors, funding

institutions or

tenants ensuring

that the works

are designed and

constructed in

accordance with the

development brief.

Refurbishment: Managing the

construction

process from

inception through to

completion including

all pre and post

contract services,

financial control and

dealing with any

necessary statutory

approvals.

Health & Safety: Acting as Principal

Designer under CDM

2015 on both new

build projects and

works to existing

buildings.

Schedules of Condition: Preparation of

schedules of

condition to

accurately record

the condition of

leasehold premises

at the lease

commencement

date.

David Park, Director of BSM Noble has considerable experience in Building Surveying and has been involved in numerous projects throughout the UK. Prior to forming BSM Noble as a JV company with Barker Storey Matthews in 2011, David spent 19 years running Noble Consultancy, an independent firm of Project Managers and Chartered Building Surveyors, providing a full range of services for commercial and industrial premises.

David has acted for a number of well-known clients ranging from small property companies to major corporates and institutions, including Legal & General, BMW (UK) Trustees Ltd, Prudential, Peterborough City Council and the Estates Management Department of Cambridge University to name but a few.

While the main areas of operation are East Anglia, the Midlands, the Home Counties and Central London, David has also been involved with major projects in Dartford, Shrewsbury, Liverpool and Glasgow and will continue to offer the full range of building surveying services on a national basis.

For further information and to discuss any requirements call David on 01733 233445 or email [email protected]

David Park DipBldgCons FRICS


Bui lding Surveying Services

Dilapidations: Preparation of

interim and final

schedules of

dilapidations on

behalf of landlords.

Representing tenants

where interim or

final schedules have

been served.

Repairs & Maintenance: Preparation

of planned

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programmes for

individual properties

or property portfolios

and dealing with

all pre and post

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relating to repair

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Detailed Building Surveys: Preparation of

detailed building

surveys prior to the

purchase of freehold

or leasehold interests

in commercial and

industrial property.

Defect Investigation: Investigating building

defects, identifying

symptoms, causes

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Building Conservation: Expertise in dealing

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….and we also deal with• Insurance Valuations• Party Wall Matters

MATTHEWS01733 23344521 Commerce Road, Lynch Wood, Peterborough, PE2 6LR

BSMNOBLE


Cambr idge Market Commentary

Overview by Ben Green, Director, Cambridge Office

Offices and LaboratoriesThe Cambridge office market has been characterised by low levels of supply for some years now. With demand rising and a shortage of speculative development, supply levels are increasingly becoming an issue. This is especially the case for good quality ‘Grade A’ offices, with few buildings in excess of 929 sq m (10,000 sq ft) currently available in Cambridge, which is forcing occupiers to look to the surrounding business parks.

In the absence of any existing available buildings some occupiers, and particularly larger research based companies, are having to enter into pre-let agreements.

Deals of note during 2015 include lettings to Deloitte of 1,765 sq m (19,000 sq ft), Thales of 2,508 sq m (27,000 sq ft) and Carter Jonas of 604 sq m (6,500 sq ft) at One The Square; Brookgate’s latest addition to its CB1 development adjacent to the train station, due for completion in November 2016. Each company is taking a 10 year lease at rents of c£35 psf pa. This leaves around 6,503 sq m (70,000 sq ft) available at One The Square.

On the surrounding business parks, DowAgrosciences has leased 1,548 sq m (16,660 sq ft) at the newly constructed CPC2 office building at Capital Park, Fulbourn. Dow has taken a 15 year lease with a tenant break at the 10th anniversary at a rent of £28 psf pa. Horizon Discovery has leased a new office building of 2,787 sq m (30,000 sq ft) at the Cambridge Research Park at a rent of £23.50 psf pa.

In a couple of major pre-let agreements, global biopharmaceutical companies Illumina and Gilead have signed up to new research facilities at Granta Park of 14,400 sq m (155,000 sq ft) and 8,634 sq m (93,000 sq ft) respectively. At the Cambridge Biomedical Campus, construction is underway on AstraZeneca’s 55,741 sq m (600,000 sq ft) HQ. The first phase of 37,161 sq m (400,000 sq ft) will be delivered by the end of 2016 and will accommodate 2,000 staff.

Prime office rents are currently around £35 psf pa. Rents in the city centre have not increased by as much as those on the fringes over the past 12 months, instead, there has been a ripple out effect with rents on the prime business parks starting to catch up with those in the centre.

IndustrialAs with offices, there is a supply demand imbalance with industrial space. Cambridge does not have a large stock of industrial property, with the bigger estates mainly located in the necklace

Building 1030, Cambourne Business Park - 4,025 sq m (43,332 sq ft) - The largest self-contained building available in the Cambridge area.

Illumina’s new 14,400 sq m (155,000 sq ft) research facility at Granta Park (artist Impression)

Cambridge is one of the fastest growing cities in the UK and in the past 12 months there has been a noticeable increase in development activity, both in residential and commercial property. Development land is scarce with future supply to be determined by the long awaited Local Plans. In the meantime, demand continues to outstrip supply which is pushing up prices. Investment interest in Cambridge is also very strong given the excellent prospects for rental and capital growth and aided by an overheating London market. The additional weight of money is further compressing investment yields. The challenge for Cambridge is whether it can deliver the type and quantity of development and infrastructure required to meet this demand in order to maintain its success and reputation as a global centre for innovation and technology, as well as remaining an attractive place to live.

CAMBRIDGE

There is a supply demand imbalance for quality industrial units


towns, however, there is increasing demand from R&D type occupiers for “mid-tech” units with a higher than average content of office or light assembly/production space.

There has been no speculative development of note for a number of years, however this is set to change with a few schemes proposed for 2016. In Ely, developers Grovemere are building a scheme of nine small business units which will be ready in spring 2016. At Cambridge Research Park there are plans to build around 6,500 sq m (70,000 sq ft) of industrial space in a variety of unit sizes available at a rent of around £10 psf pa. At Buckingway Business Park, by junction 28 of the A14, Barwood Capital and Goya Developments intend to speculatively develop four new units totalling 7,432 sq m (80,000 sq ft) on an eight acre site they recently purchased.

There are only a few sizeable buildings of note currently available in the market. These include 9 Coldhams Business Park in Cambridge, a 6,410 sq m (69,000 sq ft) unit with a 22% office content. The landlord is prepared to accommodate individual tenant’s requirements and install further offices or production space if required. The building is available on a new lease at a guide rent of £9.75 psf pa.

To the south of Cambridge at Duxford the former Iceni Water bottling plant comprising 5,481 sq m (59,000 sq ft) is available for sale at a guide price of £4m. The property has attracted interest from both owner occupiers and developers.

Prime industrial rents in Cambridge are around £10 psf pa, whilst rents for secondary units typically range from £5 to £8 psf pa.

RetailIt is no surprise that retail premises in Cambridge, both high street and retail warehouse units, are in very short supply. A record high Zone A rent of £290 psf was achieved in 2015.

Of particular note in 2015 was the purchase of the Grafton Centre by L&G and Wrenbridge. The new owners intend to carry out some intensive asset management over the coming months which will include the redevelopment of a section of Fitzroy Street to provide new shops and restaurants. The Grafton Centre has suffered in recent years following the opening of the Grand Arcade and this investment will no doubt help put it back on the map and shift the retail pull eastwards along Newmarket Road, which is undergoing a considerable amount of redevelopment.

Development & InvestmentA trend still prevalent in Cambridge is the development of purpose built student accommodation. Whilst a number of schemes have already been built there are several still in the pipeline. These include a 316 room development on Newmarket Road/Cheddars Lane, for which Wrenbridge recently obtained planning consent. Student accommodation operator Study Inn has recently obtained planning consent to convert Castle Court, a 7,432 sq m (80,000 sq ft) office building into 342 rooms; whilst at Mount Pleasant House, Howard Group and Osborne Group are proposing a major new student development. Investor appetite for student schemes is strong and whilst demand outstrips supply we will see more rooms being delivered in Cambridge.

Any development sites that come to the market in Cambridge attract fierce interest, especially where there is potential for residential development. A good example of this is the sale of the former Hope Nursing Home on Brooklands Avenue. At 1.36 acres and overlooking the University Botanical Gardens, the property attracted huge interest and is understood to be under offer to a private school at over £10 million (£7.3m per acre).

As well as the residential market being very buoyant, developers of retirement and assisted living homes are also active in the region. An example of this is demonstrated by BSM’s recent acquisition of a 1.7 acre site on Lisle Lane, Ely, on behalf of McCarthy & Stone.

Investment sales of note over the past 12 months include the sale of the GAP retail store on Market Hill in Cambridge, which sold for £6.3m, reflecting a net initial yield of 3.75%. Kett House, a five storey office building on the corner of Station Road and Hills Road let to Eversheds solicitors, is under offer to Kames Capital at a price reflecting a net initial yield of below 5%.

Cambr idge Market Commentary Contacts in the Cambridge Office01223 467155

Andrew Smith

Property Management

Laurence Gercke

Agency

The Grafton Centre will be refurbished with new tenants following a purchase by L&G and Wrenbridge

Wrenbridge recently obtained planning consent for a 316 bedroom student accommodation development on Newmarket Road

Ben Green


Mark Critchley

Agency, Valuations and Professional


Cambr idge Proper ty Select ion

01223 467155 01223 467155

Cambridge

01223 467155

16-18 Arbury Road

RETAIL - TO LET

› Ground floor retail unit› Open plan layout› Popular retail parade in North Cambridge› 253 sq m (2,718 sq ft) NIA

Rent: £29,000 pax

Wendens Ambo

01223 467155

Bulse Grange

OFFICE - TO LET

› Modern offices in a converted barn› Close to Audley End mainline station› Superfast broadband› 141 - 278 sq m (1,518 - 2,995 sq ft)

Rent: £11 psf pax

Cambridge

01223 467155

620 Newmarket Road

OFFICE - TO LET

› Modern office building› Air conditioning› Fibre optic broadband available› 261 sq m (2,810 sq ft)

Rent: £48,000 pax

Fulbourn

01223 467155

Unit 2 Fielding Industrial Estate

INDUSTRIAL - TO LET

› Industrial/warehouse unit› 5 miles from Cambridge› 7.3m eaves height› 1,475 sq m (15,875 sq ft)

Rent: £75,500 pax



Waterbeach

01223 467155

Units 18 & 25 Glenmore Business Park

INDUSTRIAL - TO LET

› Brand new business units› 4.5 miles from A14 (J33)› 6m eaves to part› 113 - 228 sq m (1,219 - 2,452 sq ft)

Rent: £10,500 pax (per unit)

Celebrating 25 years

Cambourne

01223 467155

2010 Cambourne Business Park › First floor offices› Grade A specification› Established business park› Ample parking› 8 miles West of Cambridge› 610 - 1,339 sq m (6,569 - 14,408 sq ft)

OFFICES - TO LET

Rent: £22.50 psf pax

Ely

01223 467155

Three Cups Walk

RETAIL - TO LET

› High quality retail unit› Open plan layout› City centre location› 61 - 122 sq m (656 - 1,312 sq ft)

Rent: £18,000 - £36,000 pax



Lolworth

01223 467155

Unit 8, Hazlewell Court

OFFICE - TO LET

› Attractive barn style office› Excellent access to A14› Good car parking› 86 sq m (925 sq ft)

Rent: £15,725 pax

Waterbeach

01223 467155

Unit 6 Glenmore Business Park

INDUSTRIAL - TO LET

› Modern business unit› High quality first floor office› Air conditioning› 100 sq m (1,080 sq ft)

Rent: £12,000 pax

Bourn

01223 467155

Bertarelli Building

› Clinical research and laboratory premises› Modern self-contained building› Set within 22 acres of stunning parkland

grounds› Only 8 miles West of Cambridge› Easy access to A428, M11 and A14› 418 - 1,360 sq m (4,504 - 14,610 sq ft)

R&D / OFFICES - FOR SALE / TO LET

Price: £2.25m; Rent: £22.50 psf pax



TO LETBUILDING 1030CAMBOURNE BUSINESS PARKCambridgeshire

GRADE A OFFICE BUILDINGAVAILABLE FROM 1,268 - 4,026 SQ M (13,648 - 43,332 SQ FT)

· Self-contained office building

· Established business park

· 8 miles West of Cambridge

· Excellent access to A428, M11 & A14

· Available in whole or individual floors

For further information contact:

Ben GreenT: 01223 467155E: [email protected]


Hunt ingdon Market Commentary

Overview by Alan Matthews, Director, Huntingdon Office

IndustrialWhilst demand for industrial property was steady through 2015, it is the one sector that did not markedly improve on the previous year, although one needs to acknowledge that this sector has suffered considerably less of a decline than other market sectors during the downturn.

Early 2015 saw the letting of a 4,831 sq m (52,000 sq ft) unit in St Ives (which was sold the previous year to the Clifton & Burton

Group) to HSS Hire Group on a 3 year lease. Several other transactions took place in the St Ives area including the pre-sale of 1,022 sq m (11,000 sq

ft) to Cambridgeshire Constabulary at The Lakes Business Park for use as a vehicle maintenance depot. A second unit on the same development has also been sold to Vindis Group for the operation of their commercial vehicle division. On the Burrel Road estate, space totalling 1,057 sq m (11,380 sq ft) was let to DHL Trade Team at a rental of around £4.50 per sq ft and we negotiated the sale of a 1,208 sq m (13,000 sq ft) building for Penny Banks Ltd to a local investor.In Huntingdon we acquired a 6,503 sq m (70,000 sq ft) unit,

formerly the headquarters of Wilson Alloys, for Steinhoff Beds to provide additional w a r e h o u s i n g . Following the sale of their premises in St Ives, Penny Banks have also acquired a short term lease on

the adjoining unit totalling around 4,645 sq m (50,000 sq ft). In

September 2015 Brighthouse Ltd. also took a lease of Unit 14,

The Interchange, a 1,672 sq m (18,000 sq ft) unit at a rental of

£5.50 per sq ft.

By contrast, St Neots has seen very little industrial activity

throughout the year largely due to the severe shortage of stock

in the town. Overall, with no new development planned in the

immediate future, supply is likely to tighten throughout 2016.

OfficesA strong resurgence in office demand was experienced throughout

2015, especially in respect of freehold rather than leasehold

property.

Total take up for 2015 was in excess of 4,645 sq m (50,000 sq

ft) with possibly the most notable transaction being the sale of

a 1,300 sq m (14,000 sq ft) office building on Ermine Business

Park to Mick George Ltd. for the company’s new headquarters.

The building was only on the market for a matter of weeks before

terms were agreed with Mick George who moved into the building

in the spring.

A unit of just over 307 sq m (3,300 sq ft) on Ermine Business

Park, Huntingdon, was sold to the Huntingdon Football Association

achieving a figure of around £156 per sq ft. An adjoining unit of

334 sq m (3,600 sq ft) was sold later in the year to the Huntingdon

Masonic Lodge who relocated from their 511 sq m (5,500 sq ft)

town centre premises, which were sold to a restaurant operator.

1,300 sq m (14,000 sq ft) office sold to Mick George Ltd.

52,000 sq ft let to HSS Hire

Market improvement, which realistically started some two years ago, continued throughout 2015 and into the start of 2016 and we expect conditions to remain buoyant for some time. Occupational demand has focused on freehold availability with interest rates remaining low and lending support strong, particularly for owner occupiers.

After several years in the doldrums we have seen a significant pick up in the demand for office property with as much space being taken up in 2015 as in each of the previous three years put together. 2015 saw an increase in overall market take up of some 8.5% compared to the previous year although lack of stock in certain market sectors, notably larger industrial units and freehold offices, is likely to become an issue through 2016. Rental growth has returned and landlords with rent reviews during 2016 should take advice, as in most cases, rental uplifts are likely to be appropriate.

HUNTINGDON

13 St Peter’s Road - 6,503 sq m (70,000 sq ft) acquired for Steinhoff Beds


At Ramsay Court on Hinchingbrooke Business Park there have been a number of deals with Top Hex acquiring a 488 sq m (5,250 sq ft) unit at a figure equating to £140 per sq ft. Two other units of 209 sq m (2,250 sq ft) each have been let and sold respectively. At Aspen House, Vantage Park, we have achieved three lettings on behalf of Artisan (UK) Developments, which has taken up all the available space in the development.

In St Ives, a 372 sq m (4,000 sq ft) unit at Clare Hall has been let to Boiler Juice who have relocated from Compass Point. Acting on behalf of the owners, the former Boiler Juice unit, which comprises a self-contained 186 sq m (2,000 sq ft) unit, was sold by BSM to an investor who is now looking for a tenant.

Depending on size, location and condition, capital values for new modern space are generally in the region of £140 - £160 per sq ft with rentals ranging from £12 - £15 per sq ft.

InvestmentDemand for investment property continued to strengthen during 2015 with a steady hardening of yields across most sectors but in particular industrial, where competition is strong.

Notable investment transactions in the area have included a 6,503 sq m (70,000 sq ft) unit let to Polygon on a 10 year full repairing and insuring lease which was sold to a private investor at a yield of 7.4%. A 22 unit light industrial scheme at Halcyon Court on the Stukeley Meadows Estate, producing a rental stream of just over £120,000 pa with one unit vacant, was sold to a private investor in September 2015 at a figure of just over £1.5m representing a net yield of just under 8%.

In December 2015, on behalf of private clients, we concluded the acquisition of Kingfisher House, a 1,672 sq m (18,000 sq ft) detached office building. The building is let to Serco on a 5 year lease and the purchase price reflected a net initial yield of 9.2%.

A keen price was also paid for a 9,290 sq m (100,000 sq ft) distribution unit at Cardinal Park in Huntingdon, let to Somerfield Stores Ltd. at a rental of £4.44 per sq ft. The investment also included a 4.8 acre yard let at £20,000 per annum per acre and had 4 years unexpired at the time of sale. The property was offered at a figure of £7.78m representing a net initial yield of 6.5%.

With the possibility of increasing interest rates over the next 12-18 months we suspect that further yield compression is unlikely. Capital growth is therefore likely to come from increases in rental levels, itself a result of stock shortage.

DevelopmentWork is now well under way at the Alconbury Weald development with the construction of a new school and development of the first residential units.

Throughout 2015 work steadily progressed on the installation of new infrastructure throughout the site which comprises some 1,400 acres. Following on from the successful development of The Incubator, a second building known as The Club has recently been completed. This 929 sq m (10,000 sq ft) building will provide a gymnasium, conference and restaurant facilities for businesses on the Alconbury Weald Enterprise Zone. Negotiations are also well under way with three companies and a planning application for the first of these, totalling some 27,870 sq m (300,000 sq ft) has recently been submitted.Elsewhere in the area there has been little other commercial property development however, the demand for residential opportunities continues to be strong with development land generally achieving figures of between £750,000 and

£1,000,000 per acre. In addition, a new Lidl store also opened in Huntingdon shortly before Christmas 2015 bringing to a successful conclusion the company’s search for a site in the town, which has lasted for the best part of 10 years.

Hunt ingdon Market Commentary Contacts in the Huntingdon Office01480 451578

Matthew Hunt

Agency

22 unit nursery scheme sold on behalf of private property company

Kingfisher House - 1,672 sq m (18,000 sq ft) office investment let to Serco

The Club, Alconbury Weald

Leonie Stennett

Property Management

Wendy Burcham

Property Management and Accounts

Julian Lucas

Property Management

Andrew Smith

Property Management

Michael Beardall


Richard Adam

Agency and Development

Alan Matthews



St Neots

01480 451578

Foundry Way, Little End Road

INDUSTRIAL - TO LET

› Factory/warehouse units› Only a short distance from the A1/A428

intersection nearby› Size options from 139 sq m (1,500 sq ft)

Rent: from £10,000 pax

Swavesey

01480 451578

Barn C, Cygnus Business Park

OFFICE - FOR SALE / TO LET

› Barn style office › Good access to A14› Very attractive village location› 209 sq m (2,254 sq ft)

Price: £395,000; Rent: £32,500 pax

St Ives

01480 451578

Units 4 & 6 Burrel Road

› Two adjoining semi-detached light industrial units

› Good quality offices to each unit› Loading door and private car parking spaces› Additional space on mezzanine floor in each

unit› 324 - 677 sq m (3,485 - 7,291 sq ft)

INDUSTRIAL - TO LET


Hunt ingdon Proper ty Select ion


Huntingdon

01480 451578

Elevations Business Park

› Centrally located site situated opposite the railway station

› Close to town centre › Comprises two buildings: › The Beacon - 2,012 sq m (21,657 sq ft) › The Meadow - 2,400 sq m (25,834 sq ft)

OFFICE AND CONFERENCE SPACE - TO LET

Rent: On application

Huntingdon

01480 451578

Unit 18, Glebe Road

› High quality modern factory and offices › Formerly the Headquarters of Lola Cars › Secure yard › Wind Tunnel (by separate negotiation) › Areas from 465 - 6,037 sq m (5,000 - 64,983

sq ft)

INDUSTRIAL AND OFFICES - TO LET


Hunt ingdon Proper ty Select ion Celebrating 25 years



Chatteris

01480 451578

South Fens Business Centre › Serviced offices available› On-site parking› Manned reception with function and meeting

room facilities also available› Highly accessible location adjacent to the A142› Range of sizes from 17 sq m (183 sq ft)

OFFICES - TO LET


St Ives

01480 451578

2 Magellan House, Compass Point

OFFICE - TO LET

› Self-contained first floor office suite› Comfort cooling, raised floors› Private car parking spaces › Fitted to a high standard throughout› Private parking to front› 130 sq m (1,400 sq ft)


St Neots

01480 451578

16 Little End Road, Eaton Socon

INDUSTRIAL - TO LET

› Prominent business unit on established Little End Road

› Good parking & close to A1 junction› 490 sq m (5,278 sq ft)

Rent: £37,000 pax



Warboys

01480 451578

Unit 5 Warboys Industrial Estate

› Detached warehouse building› Large self-contained yard› 9m eaves height› Easy access to A14 and A1› 2,665 sq m (28,680 sq ft)

INDUSTRIAL - FOR SALE / TO LET

Price: OIRO £950,000;Rent: On application

St Ives

01480 451578

19b East Street

› Town centre offices› Central heating› Public car parking nearby› 81 sq m (876 sq ft)

Rent: £8,500 pax

Sawtry

01480 451578

Unit K Sawtry Business Park


› Mid-terrace industrial unit incorporating large mezzanine floor

› Adjacent to A1(M)› 248 sq m (2,669 sq ft)

Price: £132,000; Rent: £12,000 pax

OFFICE - TO LET



Alconbury Enterprise Campus is an Enterprise Zone, supported by HM Government, and promoted by:

Flexible, bespoke space for manufacturing, engineering, offices and low carbon R&D situated at the heart of Alconbury Weald.

Alconbury Enterprise CampusAlconbury Weald, HuntingdonCambridgeshire PE28 4WX

www.alconbury-campus.co.ukT: 01480 413141

COMING SOONThree Mid-Tech buildings, 2–4,600 sq m, R&D, offices, production


Alconbury Enterprise Campus is an Enterprise Zone, supported by HM Government, and promoted by:

Flexible, bespoke space for manufacturing, engineering, offices and low carbon R&D situated at the heart of Alconbury Weald.

Alconbury Enterprise CampusAlconbury Weald, HuntingdonCambridgeshire PE28 4WX

www.alconbury-campus.co.ukT: 01480 413141

COMING SOONThree Mid-Tech buildings, 2–4,600 sq m, R&D, offices, production

For more information contact:Alan Matthews [email protected] 01480 451578

Richard Adam [email protected] 01480 451578



Huntingdon

01480 451578

Glebe Road, St Peter’s Road Industrial Estate

INDUSTRIAL - TO LET

› Industrial/warehouse units› Heating to offices and factory› 604 - 919 sq m (6,500 - 9,890 sq ft)


Bar Hill

01480 451578

Unit 16, Trafalgar Way

INDUSTRIAL - TO LET

› Modern business unit › Good location adjacent to A14 and close

to Cambridge› 583 sq m (6,275 sq ft)


Great Gransden

01480 451578

Hardwick Industrial Estate

› Industrial/warehouse units› Established location› Great Gransden is easily accessible from the

A428 to Cambridge or from nearby St Neots› Potential for adjacent large yard up to 0.2

hectares (0.5 acres)› 490 - 507 sq m (5,273 - 5,460 sq ft)


INDUSTRIAL - TO LET



Godmanchester

01480 451578

Unit 7 Cardinal Park

› Modern industrial/warehouse unit› Excellent location with site adjacent to A14› Two storey frontal offices with adjacent parking› 6m to eaves within warehouse› 520 sq m (5,598 sq ft)

Rent: £39,200 pax

Kimbolton

01480 451578

Unit 2 Harvard Way, Harvard Industrial Estate

› Detached industrial unit incorporating offices› 6m to eaves› Car park to front, yard to rear› Expansion land of 0.37 acres adjacent› 1,992 sq m (21,445 sq ft)

Price: On application

Celebrating 25 yearsINDUSTRIAL - TO LET

INDUSTRIAL - FOR SALE


Adrian Browne Mark Critchley Michael Beardall Tony Barker Martin Hughes

Contact your local Barker Storey Matthews office to see whether you could be eligible for a business rates appeal:

RATING

Bury St Edmunds01284 702655

Cambridge01223 467155

Huntingdon01480 451578

Peterborough01733 897722

Peterborough01733 897722

Business rates can be one of the largest outgoings for your business.

The 2010 rating list is based upon market rents as at 1st April 2008 which was prior to the downturn in commercial market rents. The next planned revaluation was originally to be the 1st April 2015 (based on rents at 1st April 2013) where many expected rateable values to fall. However, the UK Government announced the postponement of this re-valuation until 1st April 2017. Consequently, the 2010 rating list continues to be used to calculate business rates bills for this extended period.

These business rates assessments can however be challenged.

Our business rates appeals process can help you to reduce this expense and thus improve your bottom line.

Our property experts offer a specialist business rates appeal service and due to our extensive market knowledge and transactional database we have a long track record of making successful challenges on behalf of our clients across the region in some cases obtaining significant refunds over £100,000.


St Neots

01480 451578

Sandpiper Court, Phoenix Park

OFFICES - TO LET

› Modern office development› Allocated car parking and air conditioning› Suites from 121 - 254 sq m (1,308 - 2,734

sq ft)


St Ives

01480 451578

Unit 14c Raleigh House, Compass Point

OFFICE - TO LET

› Modern office with allocated parking› Comfort cooling throughout› Approximately 186 sq m (2,005 sq ft)

Rent: £30,000 pax

Huntingdon

01480 451578

Vantage Park

› Individual office suites plus one self-contained building

› Comfort cooling and raised floors› Private car parking available› Easy access to town centre and A14› From 123 - 437 sq m (1,324 - 4,699 sq ft)

OFFICES - FOR SALE / TO LET

Price: On application; Rent: from £15,300 pax




01480 451578


› Light industrial/warehouse units› Allocated car parking› Size options from 270 - 540 sq m (2,906 -

5,812 sq ft)

HuntingdonUnits 6 & 7 Windover Road,St Peter’s Road Industrial EstatePrice: from £175,000; Rent: from £13,000 pax

Huntingdon

01480 451578

Unit 10 Ramsey CourtHinchingbrooke Business Park

› Detached office building› High specification including comfort cooling,

raised floors and lift› 26 car parking spaces› 567 sq m (6,100 sq ft)


Price: £915,000; Rent: £90,000 pax

01480 451578


› Self-contained detached office building› 30 private car parking spaces› Superb views over the lake› 514 sq m (5,531 sq ft)

St Ives

Unit S3 Compass PointPrice: £850,000; Rent: £80,000 pax



B8 Development Site - For Sale/To Let

Woodlands Nurseries,Upper Caldecote,Biggleswade

MATTHEWS1991 - 2016

25 year

s

· 2.2 Hectares (5.44 acres) with substantial A1 frontage

· Outline planning consent for 9,278 sq m (99,868 sq ft) of B8

· Possibility of additional land if required

· Freehold or leasehold turnkey packages or outright land sale


Alan Matthews

01480 451578

[email protected]

Possible Additional land

The A1

Sainsburys

To Biggleswade Town centre


Peterborough Market Commentary

Overview by Steve Hawkins, Director, Peterborough Office

Investment market continues to performThe demand for well let commercial property investments remains buoyant. As with vacant space however, the availability of stock is in short supply. Investments secured by undoubted covenants and long leases often lead to best bids situations, great for vendors but frustrating for purchasers who spend time and effort to assess risk, prepare to offer and then find that they are one of a hatful

of potential buyers, limiting their chances of securing a deal.

Secondary investment opportunities have therefore flourished. We have seen a flurry of activity with smaller lots of up to say £1m, particularly smaller office buildings where there is a prospect of rent increase and the

prospects for re-letting are strong, due to a lack of stock to rent.

OfficesThe last building to be constructed was the 3,716 sq m (40,000 sq ft) office building at Hampton for Access Prepaid Worldwide Ltd who took occupation in late 2014, since then there has been no further development take place. The supply issue has reached an acute position as virtually all of the out of town accommodation over say 464 sq m (5,000 sq ft) has been taken. Space does however remain at Thorpe Wood.

Several transactions on Peterborough Business Park at Lynch Wood, all concluded by Barker Storey Matthews, have resulted in all large

space being occupied. A subsidiary of Anglian Water took 813 sq m (8,756 sq ft) at Block C Western House with 700 sq m (7,535 sq ft)

taken by Atkins Ltd in August. Block B Western House, has seen Aldermore renew their occupation of around 1,132 sq m (12,188 sq ft) at first floor with the ground floor of 1,151 sq m (12,386 sq ft) being taken by British Sugar plc. Rents achieved were in the region of £13–£14 per sq ft.

In August 2015, BSM let the remaining 758 sq m (8,159 sq ft) space at Park House, to P S Financials who relocated their office function from Isis House at Minerva. The vacated building of 488 sq m (5,250 sq ft) was then sold by BSM to PEME

The last remaining large scale offices at Peterborough Business Park, comprising in the region of 8,685 sq m (93,479 sq ft) at Lynchwood Park, was committed to Thomas Cook who look set to relocate functions from its Conningsby Road site after refurbishment works have been completed to the building.

In September 2015, acting on behalf of Travelex, BSM let 987 sq m (10,625 sq ft) to Bennetts Motorcycle Insurance Services, part of the Saga Group. BSM are offering a further 4,150 sq m (44,675 sq ft) of space in the building, the only space of any size, left in the city’s business parks.

Permitted Development Rights activity increasesIn the city centre, the change of use of older offices to residential continued apace with work starting on the former Touthill Close building to provide in excess of 130 apartments. Work continued on the Hereward Tower building in Broadway and on the former 1,486 sq m (16,000 sq ft) Wentworth House building in Wentworth Street, close to its junction with Priestgate, the building being renamed Cathedral View.

GKL, the developers of Cathedral View have reportedly sold at least 7 apartments prior to marketing, perhaps demonstrating the strong demand for city centre living, in one of the best locations in the city.

Peterborough Business Park - several office investment transactions with lot sizes from £250,000 to £500,000 at yields of between 7.25 and 8%.

The major problem we are faced with in 2016 is the shortage of stock. There is an acute shortage of new or high quality office space, particularly in out of town locations and equally a shortage of industrial and warehouse space over say 1,000 sq m (10,700 sq ft) with space over 4,500 sq m (48,500 sq ft) effectively non-existent. If companies are looking to relocate, they need to plan well in advance as new build may be the only option and if there is now an acceptance of higher rents and prices, developers may well look to start schemes to satisfy an increasing demand.

PETERBOROUGH


Peterborough Business Park - fully occupied by PS Financials, Associated British Foods & Close Consumer Finance

Space taken by Anglian Water, Atkins, Aldermore & British Sugar totalling c3,796 sq m (40,865 sq ft)



Retail adapts & continues to strengthen During 2015 the retail sector improved off the back of a strong 2014. Vacancy rates within Peterborough’s central shopping area continued to out-perform the national average, running at 6.5% in December 2015 compared with the national average of 13%.

The food and beverage sectors strengthened as the High Street continues to adapt to changes in consumer activity, driven by increasing online retailing. New restaurant entrants to Peterborough

have included Bills, Loungers and Handmade B u r g e r Company. At the end of 2015, premises are under offer to Wagamama, Cote Brasserie and Kaspas,

with further rumours surrounding Barburrito and Middletons Steak House being under offer in the city centre.

M&S confirmed the closure of their Bridge Street store, expanding their presence within the Queensgate shopping centre, however the space they are vacating is already attracting interest. Linens Direct relocated to new premises at 23 Long Causeway, and Peterborough’s own success story, Yours Clothing, are to relocate into the space vacated by Linens Direct to offer ladies as well as men’s clothing through their new BadRhino range.

The proposed Queensgate Centre extension and the North Westgate redevelopment area grabbed headlines with planning applications made by both parties, an extension to Queensgate incorporating a cinema and 6 additional retail/restaurant units and a wholesale redevelopment of the North Westgate site, incorporating offices, retail, residential, hotel and leisure facilities also including a cinema. Perhaps predictably both applications were decided by the Planning Committee at the same meeting, and both schemes were granted consent. It will become clear in 2016 which of the developments will finally come forward.

Industrial and Warehousing marketA shortage of stock is likely to be the major problem for occupiers during 2016. Design and Build opportunities are still on offer at the phenomenally successful Kingston Park development at Hampton Peterborough which originally offered plots from 0.34 to 5 acres and D & B packages from 186 - 4,645 sq m (2,000 - 50,000 sq ft). During 2015 all except 2 plots sold. Remark Group, Vogal Group and Vanquish Autos have been announced as occupiers, whilst other major, as yet unnamed occupiers, include a motorbike showroom and a major Malaysian manufacturing and distribution company.

Remark Group and Vanquish are likely to be in occupation from early January 2016. The success reflects the prominence of the site and the reputation of local developer R&H Estates in the design and build quality of units. A small trade counter/

showroom scheme; Lakeside Court, the first speculative scheme in Peterborough since 2008, has also been developed with units available now between 232 - 808 sq m (2,500 - 8,700 sq ft). Units remain available but are going fast.

Earlier in 2015 in Eastern Industry, WREAM acquired around 10,220 sq m (110,000 sq ft) plus additional land off Fengate. Units are now being marketed at Titan Drive, providing new, high quality buildings with only 3 units remaining of 672, 680 and 948 sq m (7,239, 7,326 and 10,206 sq ft respectively). The latest occupier to sign to the scheme, Selfcair UK Ltd, part of SBS S.A.S took occupation in January 2016. WREAM are also marketing serviced plots for sale from 0.5 acres up.

Roxhills scheme at Gateway Peterborough continues to progress with the latest deal announced at the end of 2015. Plot 302 which can take up to 45,522 sq m (490,000 sq ft) of space has been sold to a leading European manufacturer looking to develop a new facility in two phases, with the first phase accommodating in the region of 21,367 sq m (230,000 sq ft) of space. Planning was submitted late 2015.

The developers are at the same time looking to commence further infrastructure works during early 2016 as more enquiries feed through. D & B packages for larger warehouse and industrial requirements remain available for buildings up to 120,772 sq m (1.3 million sq ft).

Contacts in the Peterborough Office01733 897722

Tony Barker

Valuations and Professional, Investment and Development

Edd Maryon

Agency


BSM acted for the owners of 23 Long Causeway, letting the unit to Linens Direct

Kingston Park- the first unit has been occupied by Remark Group

Titan Drive - new units available in Eastern Industry Andrew Smith

Property Management

John Dadge

Planning and Development, Residential Land Sales

Martin Hughes


Cameron Park

Agency

Julian Welch

Agency

Richard Jones

Agency

Steve Hawkins



Peterborough Proper ty Select ion

MATTHEWS1991 - 2016

25 year

s

INDUSTRIAL / WAREHOUSE UNITS283 sq m (3050 sq ft)

566 sq m (6,100 sq ft)

929 sq m (10,000 sq ft)

COMBINATION OF UNITS AVAILABLE

EXCELLENT LOCATION Adjacent To A1(M) And Easy Access To Ring Road System

GOOD ON-SITE PARKING

FULLY REFURBISHED UNITS

FLEXIBLE LEASE TERMS

RENTS FROM £3.50 SQ FT

UNITS ALSO FOR SALE

Orton SouthgatePETERBOROUGH


Steve Hawkins 01733 897722 [email protected]

To Peterborough City Centre CentreOrton Parkway

Newcombe Way

Bakewell Road

Sout

hgat

e W

ay

East of England Showground

Flet

ton

Park

way

Junction 1

TO LONDON

To A14

Tresham Road

Holkham Road

Stapledon Road


Peterborough

01733 897722

8 Church Street

UNDER OFFER

RETAIL - TO LET

› Period timber framed building with character

› Application made for restaurant and bar planning consent

› Option for first floor further 93 sq m (1,003 sq ft)

› 116 sq m (1,249 sq ft)

Rent: £19,950 pax

Whittlesey

01733 897722

46 Market Street

RETAIL - FOR SALE

› Retail with a large flat above› Significant frontage to Market Street› Suitable for redevelopment (subject to

planning)› 365 sq m (3,932 sq ft)

Price: £400,000

Peterborough

01733 897722

First Floor Minerva House

OFFICE - TO LET

› First floor semi-detached offices› Excellent levels of parking (5-8 spaces)› Comfort cooled› 100 sq m (1,072 sq ft)

Rent: £12,950 pax

Peterborough

01733 897722

Botolph Bridge

› Industrial site/development site› Hard-surfaced› Corner position› 0.165 acres

Price: £80,000

Peterborough Proper ty Select ion Celebrating 25 yearsLAND - FOR SALE


Peterborough

01733 897722

Lakeside Court & Kingston Park

› Newly constructed trade/showroom units and plots for sale

› Trade units have good levels of parking› Estate visible from the A1139 parkway› First occupier; Remark Group, already in occupation› Design and build available on remaining plots

0.69/1.2 acres› Units from 232 - 808 sq m (2,500 - 8,700 sq ft)

Price: On application; Rent: On application

Peterborough

01733 897722

3 Botoloph Bridge Trading Estate

INDUSTRIAL - FOR SALE / MAY LET

› Semi-detached industrial unit› 3 full height loading doors› Set on a site of 0.23 hectares (0.56 acres)› 5 tonne and 1 tonne cranes fitted› 1149 sq m (12,373 sq ft)

Price: £595,000

Whittlesey

01733 897722

First floor, 1-3 The Causeway Centre

› First floor offices› Potential for residential conversion

(subject to planning)› Planning previously granted for 3 flats› 217 sq m (2,339 sq ft)

Price: £150,000; Rent; £15,500 pax


INDUSTRIAL/LAND - FOR SALE / TO LET



Peterborough

01733 897722

21/22 Maxwell Road› Terraced adjacent industrial units› Two storey offices in each› Nearby surfaced site can be made available for

parking or external storage› 937 - 1,872 sq m (10,077 - 20,154 sq ft)

Rent: £35,000 pax per unit

Peterborough

Unit 2, Plot 1 Kingston Park

INDUSTRIAL - TO LET

› Newly built trade counter/warehouse unit› Eaves of 8m› 10% offices to be constructed to suit› Popular showroom/trade counter location

adjacent to the A1139› 465 sq m (5,000 sq ft)


Peterborough

01733 897722

B2 Roundhouse, Padholme Road

› 5.5m to eaves› Full height loading door› Parking to front› 466 sq m (5,021 sq ft)

Rent: £18,850 pax


01733 897722

INDUSTRIAL - TO LET

INDUSTRIAL - TO LET



Peterborough

01733 897722

Titan Drive

› Modern industrial units› Eaves of 7 - 11m› EPC rating of existing units available: A› 672 - 1,353 sq m (7,239 - 14,565 sq ft)› Serviced plots of 0.31-10.4 acres also available

INDUSTRIAL - TO LET LAND - FOR SALE / TO LET


Peterborough

01733 897722

Rivergate Centre

› Covered retail city centre scheme› 3 million plus footfall per annum› Flexible leases from 12 months upwards› Location anchored by ASDA superstore› 470 parking spaces on site› Ranges of available units from: 723 - 312 sq m (781 - 3,363 sq ft)



RETAIL- TO LET


Peterborough Proper ty Select ion HIGH QUALITY OFFICESTO LET / FOR SALE

www.uppinghamgate.com

UPPINGHAM GATE

LE15 9NY

www.uppinghamgate.com

Innovation Way, Peterborough Business Park PE2 6FL

SUITES TO LET FROM 570 - 2,200 SQ FT BUILDINGS FOR SALE FROM 1,660 - 2,200 SQ FT

FOR SALE OR TO LET

· Modern high quality offices available

· Comfort cooling and full access raised floors

· Excellent on-site car parking provision

· Flexible leasing

· 116 - 455 sq m (1,250 - 4,900 sq ft)

·Rent: From just £7.50 psf pax·Freeholds also available

· Modern offices

· Premier business park location

· Flexible leasing options

· Good on-site car parking

· Available to let or for sale

· 53 - 204 sq m (570 - 2,200 sq ft)

·Rent: From £11 psf pax

For information regarding either of these properties contact:Steve Hawkins or Julian [email protected] or [email protected] 897722



Oundle

01733 897722

Nene Valley Business Park


› Quality offices› Air conditioning› Raised access floors› 445 - 1,841 sq m (4,793 - 19,817 sq ft)


Peterborough

01733 897722

33 Aston Business Park

OFFICE - TO LET

› Offices fitted to good standard› 20 car parking spaces› Comfort Cooling› 228 sq m (2,457 sq ft)

Rent: £16,950 pax

Peterborough

01733 897722

Unit C Harrier Park, Southgate Way

› High bay warehouse/industrial unit› Good quality building› Prime location› Full height double loading doors to rear› Parking to front› 1,859 sq m (20,011 sq ft)

INDUSTRIAL - TO LET

Rent: £80,000 pax

Peterborough Proper ty Select ion Celebrating 25 years

› Landmark office building› Grade A open plan accommodation› Full access raised floors› VVAC air conditioning system› 10 minutes from City Centre› Excellent parking ratio of 1 space per 213 sq ft.› 24 hour building with manned reception and security

office› High IT integrity and large capacity with back-up

generator systems› Significant incentives available subject to covenant

For further information contact:Julian [email protected] 897722

THORPE WOOD, PETERBOROUGH, PE3 6SB Up to 4,180.5 sq m (45,000 sq ft) available

Rents from £10 per sq ft pax


Peterborough

01733 897722

Flag Business Exchange

› Current occupiers include NSPCC, RSPCA & Kerr UK› Smaller offices are available on a month by month

arrangement › Better car parking levels than any out of city centre

office scheme› 1,000mb broadband on site› Modern offices ranging from 14 - 137 sq m (150 - 1,475 sq ft)

OFFICES - TO LET

Rent: from only £7 psf pax

Bourne

01733 897722

32C North Street

RETAIL - TO LET

› Prime retail unit› A1 or A2 planning consent› Highly visible location› 39 sq m (417 sq ft)


Peterborough

01733 897722

20 Commerce Road

OFFICE - TO LET

› Modern self-contained offices in a Business park location close to the A1

› Refurbished throughout› 11 on-site parking spaces› 213 sq m (2,296 sq ft)

Rent: £25,500 pax



Rent collection is one thing but managing your property correctly and efficiently can improve your asset value and performance in the long run.

At BSM we provide a fully comprehensive and specialist management service to a whole range of clients including pension funds, plc companies, government departments, councils, banks, accountants, solicitors, trusts and individuals.

We manage shopping centres, single retail units, industrial and trading estates, offices, business parks and individual buildings. We provide an efficient service in the management of commercial property across East Anglia and the south-east. Several directors run the department emphasizing the importance we place on the day to day management of our clients’ assets.

If you are interested in outsourcing your property management and would like an informal chat please feel free to call Andrew, Wendy, Julian or Leonie in the first instance on 01480 451578Andrew Smith Julian Lucas Wendy Burcham Leonie Stennett

PROPERTY MANAGEMENTSOLUTIONS

Peterborough Proper ty Select ion Celebrating 25 years

For further information please visit www.lakesbusinesspark.com

MATTHEWSAlan Matthews [email protected]

Richard Adam [email protected]

WAREHOUSE / PRODUCTION / OFFICE BUILDINGS

FOR SALE / TO LET

Final Unit within First Phase – Unit A 6,975 sq ft For Sale/To Let New building options from 4,000 sq ft to 150,000 sq ft

Business ParkSt Ives • Cambridgeshire

FIRST PHASE

CONSTRUCTION NOW COMPLETE

SOLDBRAND NEW 11,500 SQ FT VEHICLE WORKSHOP TO BE BUILT FOR CAMBRIDGESHIRE POLICE – AUTUMN 2016

SOLDUNIT B

8913 SQ FT PURCHASED BY

VINDIS LTD

RHA Ad FPg 210x297 rev1.indd 1 18/01/2016 15:34

Barker Storey Matthews Commercial Supplement Spring 2016

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Transcript of Barker Storey Matthews Commercial Supplement Spring 2016