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Residential Sites Sold in Succession Reinforce Developers’ Interest in Huntingdon Homes

Oct 26, 2017

A town centre site for commercial property in Huntingdon is the third site for residential development to be sold recently in the area by property agency Barker Storey Matthews.

Residential Sites Sold in Succession Reinforce Developers’ Interest in Huntingdon Homes

The 0.153-hectare site (0.377 acres) on Castle Moat Road, fronting on to the town’s ring road, was owned by the British Red Cross but had remained unused since it had been vacated and the main building demolished.

The site was marketed in the summer (2017) with the benefit of planning guidance sought by Barker Storey Matthews from Huntingdonshire District Council (Hunts DC) for a residential development of apartments.

The sale, by informal tender, to a member of the Lioncross Group of Companies - an established real estate developer - has just been completed.

Barker Storey Matthews has also acted for the British Red Cross on a number of its property disposals in the region in the past year - namely in Ely and, more recently, Newmarket - and is under instruction, currently, on a number of other sites for the same client.

Recently in Huntingdon town centre, Barker Storey Matthews acted on behalf of the Office of the Police and Crime Commissioner (OPCC) for Cambridgeshire and also the local authority in selling sites on Ferrars Road and St Mary’s Street, respectively, as part of each client’s programme of property disposals.

Both commercial property sites in Huntingdon were sold to property development companies for residential development.

Commenting on the latest Castle Moat Road site sale, Alan Matthews, Director, Barker Storey Matthews, said, “Interest in sites with residential development potential in market towns such as Huntingdon is holding firm. 

“As ever, the right site in the right location is key and if, as the agent, we can market a site with the benefit of planning guidance from the local authority - as we have on the Castle Moat Road site - this brings added value to the sale to the benefit of all parties.”

The Castle Moat Road site’s new owners are now working on a detailed scheme and planning application which is scheduled to be submitted to Hunts DC for consideration later this year (2017).

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