Savills, on behalf of a private investor, has sold the freehold of Enterprise Park on Jarman Way, Orchard Road in Royston to Elvidge & Jones Properties for £3.5 million.
Set across circa 4.5 acres (1.8 hectares), the property comprises 32,250 sq ft (3,005 sq m) of industrial space. The purchaser has agreed to leaseback the property in full to Cam Store Limited, the self-storage firm, who will continue to operate their pallet and container storage facility on site.
Phil Ridoutt, director in the business space team at Savills Cambridge, comments: “The site at Enterprise Park offers flexible budget warehouse accommodation, alongside the opportunity to lease containers on a monthly basis, in a well-established industrial location. From the investors perspective, the sale offered a rare opportunity to purchase a sizeable freehold building, whilst enabling Cam Store to remain on the premises to continue servicing its customer base.”
Elvidge & Jones Properties was advised by Derrick Wade Waters.
