Starter units from 1,710 sq ft (158 sq m) are now available for tech focused R&D and light industrial occupiers at the market leading Bourn Quarter in Cambridgeshire.
Block 10, which comprises six high-specification units, is now fully complete and ready to let. These unique units are available following a series of successful lettings on phase one of the scheme by Cheffins and joint agents, Savills.
Since its completion in May 2022, phase one at Bourn Quarter has seen successful lettings for five of the available units, comprising over 70% of the total scheme with a further 15% of the available space currently under offer. Recent lettings have been to Cambridge Design Partnership, who have leased two units of 26,370 sq ft and 58,380 sq ft, where terms were agreed before completion of the development. In addition to Block 10, there remain three adjacent units of around 3,600 sq ft each, which could be combined to provide a single unit of approx.. 12,000 sq ft .The buildings offer mid-tech, lab and R&D space for a range of occupiers.
At Block 10, the units range from 1,611 sq ft – 2,689 sq ft, each unit has 7m clear eaves height, PV power allocation and electric car charging points, with asking rents of £14.50 per sq ft per annum.
Luke Davenport, Associate at Cheffins says: “Bourn Quarter has seen a series of successful lettings over the past six months, and we are now pleased to launch Block 10 to the market. This is an unusual opportunity within the industrial sector, offering small-scale but high specification units which would suit either light industrial or small laboratory occupiers. Bourn Quarter is a market leading scheme, offering the best in flexible business space.”
When complete, Bourn Quarter is set to provide over 300,000 sqft of warehouse, production, storage and business space in a 25 acre landscaped environment. Bourn Quarter is a net zero carbon development in both construction and use. The buildings will be optimised for energy efficiency with high sustainability credentials. The scheme includes an array of roof-mounted solar PV panels, providing renewable energy across the project and through the use of materials with high recyclable content, carbon savings of around twenty per cent have been achieved. As well as the energy efficiency elements, the buildings have been constructed to promote the health and well-being of its occupiers, featuring four acres of green space, amenity areas, a running track and links to local footpath networks, as well as a series of outdoor fitness facilities.
The site was purchased in January 2018 by Savills Investment Management (Savills IM) on behalf of a pension fund client. Savills IM has been working with Aitchison Developments the Development Manager for this scheme.
A planning application for the next phase of the development has been submitted. Phase two will provide 150,000 sq ft of commercial space , similar to phase one, in seven units.
For more information on the property, contact Luke Davenport at Cheffins luke.davenport@cheffins.co.uk or 01223 271974