Barker Storey Matthews’ Peterborough office has sold the former Anglian Water depot and adjacent land fronting Padholme Road, Eastern Industry, Peterborough comprising a 21,000 sq ft building on a site of 3.68 acres ft to SW Car Supermarket.
The tenant, who formerly were located in Saville Road, Peterborough will now trade on a site with over 500 sales pitches and have associated showroom and workshop and valeting facilities.
Richard Jones, Director at Barker Storey Matthews’ Peterborough office stated “We were delighted to sell the site to SW Car Supermarket. They have moved to the premier area for retail car sales in Peterborough; being Eastern Industry. SW Car Supermarket first moved onto the vacant part of the site in November and have completely refurbished it and have now moved their whole operation from Saville Road. The balance of the site comprising the Anglian Water premises was purchased on 3 February 2017 and will be refurbished over the next 6 months to create a prestige showroom and large workshop facility linked to the car sales site.” Savills and Drake Commercial were also agents on the site.
Anton Khan, Managing Director of SW Car Supermarket commented “We are very excited by this move which should lead to a further strong growth of our company. We were a larger player already in the Peterborough used car market but the move to this site on Padholme Road East with passing traffic will increase our profile hugely. Once works to the former Anglian Water building are completed we should have 700 motor vehicles on display and capacity to service and repair 20 cars on site at any one time within our bespoke workshops. We expect to increase our staffing on site by the end of this year to 50 people.”
Barker Storey Matthews has acted successfully for a number of major corporate clients, private property companies, Local Authorities, individuals, financial institutions and pension funds on a whole variety of property matters.