Haverhill Business Park, Suffolk

Development Partner:

Hammond Rutts Investments Limited

Scheme:

Haverhill Business Park, Haverhill, Suffolk

Asset Class:

Industrial/warehouse, trade counter, office, car showroom,
builder’s merchants and roadside uses

Size:

24 acres net developable/495,000 sq ft gross external area

Type:

Acquisition, earthworks and new development

Project Overview

Taurus Developments is working in partnership with Hammond Rutts Investments Limited for our maiden development project together. In May 2015, we purchased the remaining development land at Haverhill Business Park from Carisbrooke Investments. This comprises 27 acres gross in seven separate plots.

Haverhill Business Park is strategically located on the boundaries of Suffolk, Cambridgeshire and Essex, being 19 miles south east of Cambridge and 15 miles from M11 (J9) and is the principal employment site in Haverhill.

At the point of site acquisition, none of the development plots were capable of being developed without major earthworks being undertaken. Our first work stream was to formulate and instigate an earthworks strategy and move 160,000 cubic metres of inert, site-won earth which had been placed on the land we acquired as other plots on Haverhill Business Park had been developed prior to our ownership. Our strategy involved retaining all the earth on Haverhill Business Park without the need for any removal off-site and to spread it across the development plots we own.

Following receipt of planning permission for
the earth moving and associated works, we undertook the earthworks contract between
May and October 2016 and created plots and development platforms ready to be developed.
The net developable area in total is 24 acres, capable of being developed for up to 495,000
sq ft.

Haverhill Business Park has not seen any development since 2008.  With the earthworks completed and a fresh Outline Planning Permission granted for development, we are now bringing forward development for industrial, warehouse, trade counter, office, car showroom and roadside uses.

In September 2017 we completed our first development on Plot 4 – the pre-let of a 20,000 sq ft builder’s merchants’ unit on a 2 acre site to MKM Building Supplies.

Haverhill Business Park Website

Summary Specification

  • 24 acres net developable area in 7 plots
  • Up to 495,000 sq ft of built development potential (gross external area)
  • Serviced sites with infrastructure in place
  • Suitable for industrial, warehouse, trade counter, office, car showroom,
    builder’s merchants and roadside uses
  • Bespoke plot developments available on freehold turnkey and leasehold bases

Schedule of Areas – Gross Internal

 sq ftsq m
Plot 1149,22513,863
Plot 279,6757,402
Plots 1 & 2 combined228,93021,265
Plot 4Let to MKM Building Supplies-
Plot 581,4557,567
Plot 618,1151,683
Plot 721,3501,983
Site Area24 acres net developable