The final phase of development at Eagle Business Park continues to break records.
Planning consent was granted by Huntingdon District Council in the summer for four new estatesof Condor, Firecrest, Razorbill and Ravens Courts which comprise the final phase at Eagle Business Park and in total 37 units. Units ranging from 900 to 2,895 sq ft and all are available for sale or to let.
Developer Barnack Estates (UK) Ltd are due to commence construction on site at the end of September.
Richard Jones from sole agents Eddisons commenced marketing the estates in late May 2022 and over 20 units have been reserved.
Richard Jones commented ‘ In a normal market place we might sell or let a hand full of units a month or so before practical completion, but to have reserved so many units without breaking ground is incredible.’
Alwalton Hill new builds has provided all the takeup to the larger logistics operators, the Peterborough land market has provided little new space to the SME market where second hand stock levels are at an all time low.
Some units have sold to investors but by far the majority are being reserved by owner occupiers, taking advance of cheap money and the opportunity to move away from renting.
Take up also continues to show approximately 30% of occupiers coming from further afield which is great for the growth of the City moving forward.
