Fenn Wright remain active in commercial property sector

Post-lockdown we have seen many commercial occupiers reassessing their requirements and looking for premises in Essex and Suffolk.  Outlined below are a few examples and opportunities in our region.

Alistair Mitchell tells us more “The Covid-19 pandemic has led to a significant change in working patterns with a large number of businesses now embracing alternative solutions.  Speaking to occupiers it is clear that a variety of options are being carefully considered to improve productivity and reduce overheads, whilst creating new recruitment opportunities and providing staff with a better work-life balance.

A number of business owners we have spoken to have identified that a ‘hub and spoke’ strategy will be the way forward for them in the future, retaining a smaller London base coupled with strategically located regional offices, close to where their employees live.”

Chesters is a new development being constructed in Needham market which offers an excellent opportunity for businesses looking to secure one of the best offices likely to come to the market in the area, available from early next year.

Opposite Needham Lakes, Chesters is a brand-new office complex in a fantastic location within walking distance of the town and train station and less than 1 miles from the A14. 

The offices will be set in landscaped grounds with 41 parking spaces, two of which will benefit from charging points for electric vehicles.  With contemporary design and a high speed electronic communications network, the offices will be fitted to a very high standard and benefit from lift access and a series of covered deck areas to the rear.

The offices extend to a total net internal floor area of 3,829sq ft, available as a whole on a new FRI business lease, at an initial rent of £61,300 per annum.  Alternatively, consideration would be given to letting the premises as smaller individual suites.

Please contact our Suffolk Commercial team on 01473 232701 for more information about Chesters or click here to read more.

In our July newsletter, we explained how a rise in online shopping had led to an increase in demand for warehouses, industrial units and logistics space.  Essex in particular is well placed to take advantage of this increased demand, with excellent transport links via the A12 to Stansted Airport, ports of Tilbury, Harwich and Felixstowe and proximity to London.

Our South and North Essex Commercial teams, based in Chelmsford and Colchester, have been very active in Witham this year.  With the ability to market properties from both commercial offices, we are able to draw on a much wider catchment than some of the other commercial agents in this area.  We are currently offering these three industrial units:

For Sale: 3 & 4 Europa Business Park, Croft Way, Witham, CM8 2FB

Freehold substantial detached industrial/warehouse premises consisting of three individual units, two of which are currently leased and one of which is vacant.  Approximate gross internal area is 18,813sq ft and the site extends to approx. 1.07 acres.  Please contact our North Essex Commercial team on 01206 854545 for more information or click here to see details.

To Let: 1 – 3 Moss Road, Freebournes Industrial Estate, Witham, CM8 3UQ

Detached industrial warehouse (21,568sq ft) with offices (3,781sq ft) and secure yard available immediately and less that 0.5 miles from the A12.  The property has three bays served by roller shutter doors which are 4.6m x 4m wide and the minimum eaves height is 5m extending to 6.60m under the pitch of the roof.  Two of the bays have overhead gantry cranes, available by separate negotiation.  Please contact our South Essex Commercial team on 01376 530135 for more information or click here to see details.

To Let: Unit B1 Perry Road, Freebournes Industrial Estate, Witham, CM8 3UT

Detached industrial warehouse with offices and secure yard available immediately and less than a mile from the A12.  Served by four sectional/roller shutter doors, the minimum eaves height is 6.10m rising to 6.45m under the pitch of the roof.  An overhead gantry crane is available by separate negotiation and office accommodation is provided within a portacabin at the front of the property.  Please contact our South Essex Commercial team on 01376 530135 for more information or click here to see details.

In June, alongside Ellisons Solicitors and accountants, BDO, we hosted our very first virtual property conference with updates on the latest developments in the commercial and residential sectors.  As so much has happened in the property sector in the last quarter, we have scheduled another which will take place on Wednesday 23rd September at 11am.  Please click here to register for the property conference

To contact us, call our South Essex team – 01245 261226 /  01376 530135  North Essex – 01206 854545  Suffolk – 01473 232701

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