Giant of an opportunity at Titan
The hottest slice of the commercial property market during the summer months has been the industrial and distribution sector and when it comes to warehouse and depot-style ‘shed’ space, so often it’s size that matters.
That’s the view of Barker Storey Matthews whose newest industrial instruction in Cambridgeshire is Titan, a 3,492 sq m (37,589 sq ft) modern, detached warehouse unit with ancillary offices at Papworth Business Park.
Believed to be the biggest modern, industrial unit of its kind currently available to let in the Cambridge area, Titan was built in 2008 and boasts a sought-after ‘CB’ postcode with a flexible, high quality specification and is available immediately at a rent of £260,000 per annum.
It has recently been vacated by Ultra Electronics meaning that a new lease is available for negotiation through Barker Storey Matthews as the sole agent under instruction.
Titan has an eight metre eaves height and has electric loading doors. The warehouse space on the ground floor is 3,042.16 sq m (32,750 sq ft) with offices at first floor of 449.55 sq m (4,839 sq ft). Titan is served by 76 car parking spaces and an external yard area.
In terms of infrastructure, services available to the property include mains drainage, water, electricity and gas.
A service charge will be levied in respect of a contribution towards the upkeep of the estate. Further details are available from the agent. Barker Storey Matthews points to the upgrading of the A14 between Cambridge and Huntingdon in helping to present the industrial property profile of locations such as Papworth Business Park.
Titan’s offering and current availability reflects the nature of the industrial property sector as we head towards the end of the year, according to the property agency.
Established floor space comes in to play in the market place when occupiers move on from older stock, leaving existing premises, like Titan, to let.
Given the location of Papworth Business Park, near to the A428 dual carriageway and the A1198 and Huntingdon to the north, Barker Storey Matthews believes that Titan is perfectly placed within the eastern region to capitalise on society’s seemingly insatiable appetite for ‘click and collect’ and ‘click and deliver’ lifestyles.
Ben Green, director at Barker Storey Matthews, explains: “It is logistics companies and online suppliers who are leading a surge in demand for industrial accommodation.
“They seek large, modern warehousing on sites close to towns and cities which suits recruitment and delivery purposes. They are at, or alongside key, road interchanges giving access to all compass points of the UK mainland and beyond to the international ports.
“In the Cambridge area, Titan is the largest of such ready-built, modern units available for immediate occupation. Its size and specification sets it apart in the current market and we expect it to appeal to a number of operators in the industrial sector of Cambridgeshire’s prosperous commercial scene.”
Viewing of Titan is strictly by appointment through Barker Storey Matthews. For more information, contact Ben Green in Cambridge, 01223 467155 or Richard Adam in Huntingdon, 01480 451578.