Sharpen your pencils. It's official. Stationary maker Spicer's Sawston site is on the market.
And it is a biggie, the 514 acre site to the south east of Cambridge is what Bidwells, who are marketing the site along with Jones Lang LaSalle, say is one of the biggest commercial sales in recent years in the Cambridge area. It comes with 400, 000 sq ft of warehousing and a £15m price tag.
So what do local property folk make of the site? Well the sale has definitely generated some excitement. It is close to Wrenbridge's sporting village and there was talk that at least part of this was the site that Cambridge City football club had secured 35 acres at for a new stadium. It was thought this was a way to squeeze Wrenbridge at the negotiating table. It's unlikely that this is now the case.
It's not often that a site of this size comes to market. But, with existing buildings on the plot, there also comes a hefty empty rates liability. In the short term the sale is subject to a lease back to Spicer but in the long term it could be a headache. "Design and build is difficult at the moment and it is a slow market," said one developer.
Picture by Maarten Takens on Flickr