Thu, 18 Aug 2022 | COMMERCIAL PROPERTY
The near 5-acre Haddenham Business Park in Haddenham, Cambridgeshire has been put up for sale with a guide price of £1.65 million. The business park, which is being sold on a freehold basis, comprises eight small industrial units and is fully let to four tenants.
The sale also includes a three-bedroom bungalow which is let on an assured shorthold tenancy (AST) to a private individual.
Approximately 2 acres of the 4.9-acre site is allocated, undeveloped land. The business park is being marketed for sale by commercial property agent Cheffins, which says that the park offers the potential for both asset management and future development.
Cheffins says: “We consider that there is scope to improve the buildings and the estate, and re-gear leases in order to increase rental levels closer in line with larger neighbouring centres. The development land provides an opportunity to either build out new units or sell to a developer or owner occupier.”
According to Cheffins’ listing for the property, it is suitable for “a range of industrial and storage uses, including lorry parking.” The site offers extensive yard and parking facilities, while the business park’s buildings are described as being largely of steel portal frame construction with a mixture of cement fibre cladding and insulated profile metal sheet. The park also features an out-of-hours secure entrance barrier
Tenants of the business park include a marketing firm, transport business and tyre company, with several of the businesses having traded from the site for many years. The industrial units, some of which are let in combination, cover a total area of 21,524 sq ft and currently generate total rent per annum of £103,240 at an average of £4.96 per sq ft.
The village of Haddenham is located approximately seven miles southwest of the town of Ely and around 16 miles to the north of central Cambridge. The business park is located prominently on the village’s north side on Station Road, which offers close access to the A1123 and A142.
Cheffins says that the region has seen very high demand for commercial property in the past five years, with industrial property availability having reached a record low level. Ely’s industrial market is said to have grown significantly due to Cambridge’s economic expansion and population growth.
The property agent says that Ely now has a chronic shortage of available industrial space across all size and rent ranges, with many small units above £10 per sq ft and available units typically being let quickly.
One of the best ways to find properties below market price is to look at recent administrations.
Find businesses for sale here.
Project Horizon is a recruitment business, specialising in temporary roles in the manufacturing, industrial and storage sectors. Primarily operating from a leasehold premises in the Midlands, the business utilises a pool of experienced candidates pl...
Opportunity to acquire a highly regarded UK-based publisher in the children's media sector, known for innovation, creativity, and high-quality content. Last reported turnover for 2024 - £9m, Gross profits - £0.4m Offers are invited by no later...
The company is a turnkey provider of surge protection devices and installation solutions for clients across the UK (75%) and the Republic of Ireland (15%). The business has developed a specially designed range of protectors and has also obtained excl...
17
|
Feb
|
PE-backed Solita buys digital group PUBLIC | BUSINESS SALE
Digital transformation firm PUBLIC Group International Limit...
17
|
Feb
|
NRG Marine bought by Alfa Laval to boost decarbonisation aims | BUSINESS SALE
Stockholm-listed engineering firm Alfa Laval has bought mari...
13
|
Feb
|
Danish-owned ITGL snaps up Swindon-based cybersecurity firm ISN | BUSINESS SALE
Technology services provider Intuitive Systems & Networks (I...
17
|
Feb
|
NRG Marine bought by Alfa Laval to boost decarbonisation aims | BUSINESS SALE
Stockholm-listed engineering firm Alfa Laval has bought mari...
17
|
Feb
|
PE-backed Solita buys digital group PUBLIC | BUSINESS SALE
Digital transformation firm PUBLIC Group International Limit...
13
|
Feb
|
C&M Scientific buys Radison Services to expand UK footprint | BUSINESS SALE
C&M Scientific, the dedicated service arm of Scientific Labo...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.