New business development in St Ives completed

The Huntingdon office of Eddisons incorporating Barker Storey Matthews has confirmed completion of the sale of all the units at Oak Court at The Lakes Business Park in St Ives where its companion development, Chestnut Court, is almost fully occupied with just one unit remaining.

The two schemes total 14 brand new business units and range in size from 1,300 sq ft to 3,400 sq ft. The units have been taken by a mixture of local and regional occupiers as well as some private investors.

The new operators add to the complementary blend of occupiers at The Lakes Business Park. Small and medium businesses there have been attracted by the site’s excellent location, the ‘de-trunked’ former A14 which now operates as the A1307 and provides good access to the surrounding area.

Oak and Chestnut Court follow on from the success of Willow Court within the setting of The Lakes Business Park development which is now fully let.

Eddisons Director, Richard Adam, who handled the sales and the lettings, commented, “Oak Court and Chestnut Court have been shining examples this year in reflecting ongoing activity and sales completions.

“The units have proved popular because they are, relatively, affordable for small companies and can be adapted to suit individual requirements, including extension of office space.

“There is a single plot remaining at The Lakes Business Park site which the owners intend to develop next year (2021).

“We are already in conversation with a number of local companies who are wanting to plan forward for their business growth.

“And while the market is, undoubtedly, going to be a tough one in the coming quarter, we are sensing that 2021 will be brighter for business and, hopefully, lead to continued activity in the industrial unit sector.”