Savills, on behalf of a Suttons Investments Limited, has completed the sale of 16 Albert Way in Chatteris, Cambridgeshire, to SJH Commercial Limited for £2 million.
16 Albert Way comprises a large industrial warehouse unit with office, canteen and reception space currently let to Macfarlane Packaging Group on a 10 year lease producing £187,000 per annum. The building is circa 39,708 sq ft on a site of 2.98 acres (1.20 ha) with 31% site cover. There is a gravel car parking area to the south of the property providing approximately 60 spaces.
The property is located within a residential area to the north of Chatteris, a rural Fenland town. The area is associated with food production and associated packaging. Chatteris has good access via the A141 to the A1(M) and A14 and is approximately 18 miles from Peterborough.
James Anderson in the Commercial Agency team at Savills Peterborough, comments: “This sale provides the new owners with secure income and future development potential subject to planning permission.”
