Swift sale ensures new premises for insurance specialists
A former wine bar in St Neots market square is the new home of Freedom Insurance Services. Barker Storey Matthews acted for the vendor in the sale of the property.
The corner plot town centre property, which is 4,085 sq ft in total across three floors of the main building and includes a two-storey outbuilding – had been vacant and unmarketed for a number of years before Barker Storey Matthews undertook the instruction to sell earlier this year.
Offers were invited in the order of £650,000 but the final sale price remains client confidential. The property attracted interest from a wide variety of potential occupiers in the retail and leisure sectors, as well as office occupiers.
Before the opportunity to purchase 58 Market Square arose, Freedom Insurance Services had been seeking to rent premises in St Neots as it was keen to establish a presence in the town.
The property was bought by Freedom’s associated company, Paddock St Holdings Ltd . Director Marcus Johnson said, “We wanted to be in and operating as fast as possible and I was delighted to be able to move from acceptance to completion in days. Howes Percival acted for us and I was very impressed.”