St. Neots is the largest town in Cambridgeshire (approx. population – 26,000), and offers excellent access to London (35-50 minutes by train), Cambridge (30 mins by car), Peterborough and other cities. The A1 by passes the town providing excellent north/south communications. The A14 (A1/M1 link) lies 8 miles to the north. The subject property is situated midway on the south side of Cromwell Road (B1046). Cromwell Road connects with Barford Road (B143) and Cambridge Road (B1428) approximately 1.3 miles from the town centre and 5-15 minutes’ walk from St. Neots’ railway station.
The property comprises two industrial warehouse buildings totalling approx. 81,000 sqft situated on a site area of 4.1 acres registered under title no’s CB330777 and CB217835.
7 Cromwell Road is the original building occupied by Coveris and used for their packaging process, offices and staff facilities. The main building is of steel portal frame construction having a minimum eaves height of 6.5 metres clad to the external elevations with profile steel sheeting. The building fronts Cromwell Road and has extensive parking. All main services are connected. 9 Cromwell Road is a recent addition to the operation. The building has undergone new and extensive refurbishment works to include new roof, cladding, access doors and flooring. The building is of steel portal frame construction with a minimum eaves height of 6.6 metres and includes additional offices and staff facilities at ground and first floor levels. There is a loading yard to the rear of the building and the yard area between the two buildings has been resurfaced.
The two buildings are held under one new tenancy to Coveris Flexibles UK Limited (Reg. No. 02925612) ( a wholly owned subsidiary of COVERIS who are the sixth largest global plastic packaging company in the world) on a 15 year full repairing and insuring lease commencing 3^rd October 2017 subject to a tenant option to break in October 2027. The passing rent is £425,000 per annum exclusive which is to be reviewed 5 yearly on an upward only basis.
[ ] Retail [ ] Office [ ] Industrial [ ] Land [ ] Roadside [ ] Investment [ ] Restaurants/Leisure The Royal Institution of Chartered Surveyors was founded in 1868 and is now responsible for around 120,000 members worldwide. Its members are subject to regulation and periodic review as well as operating to strict Rules of Conduct.
This industrial unit to rent is located in St Neots
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