Teesside office has busy quarter thanks to active property market

The Infinity Bridge across the River Tees, Stockton on Tees
Published on: 29th September 2017

Our Teesside office has enjoyed a busy third quarter working with property occupiers, owners and investors across the region.

Over the past three months we have been instructed to market just over 40,000 sq ft of industrial, retail and office space in Teesside, bringing some new stock to the market following a raft of acquisitions earlier this year.

George Williams, agent in our Teesside office, commented, “Despite traditionally being a quieter time of year we have experienced an active market with high levels of demand for a number of properties, and are delighted to have seen some key deals get over the line.

“We’ve had some great new instructions, which include two residential development sites in Teesside, totalling just over 5 acres, and a fantastic £13 million residential investment opportunity in Middlesbrough.”

We have also valued over £12million worth of commercial property during the quarter, and provided development appraisals on over 26 acres of land, across multiple sites, for a national house builder.

Matthew Clarke, head of valuation in our Teesside office commented, “We continue to see commercial property valuations across all sectors in the region remain high. Over the past quarter we’ve seen a buoyant investment market, especially on industrial properties, and an increasing number of transactions with owner occupiers in the office market.

“On the residential side, we continue to see increasing appetite in new builds, and the work we’ve been doing for a national house builder in the region is testament to that.”

David Fairley, joint head of our Teesside office added, “It’s fantastic to see so much going on in the Teesside property market and we’re delighted to be working alongside so many of the regions owners and occupiers to keep that going.

“We have a number of exciting new deals and jobs in the pipeline, and expect to see the market remain active over the final quarter of the year.”

Get in touch with the team on 01642 426 900 to find out how they can maximise the potential of your business premises or click here to download our guide to commercial property in Teesside.

 

Prime development sites on the market in Teesside

We are pleased to bring two unique development opportunities to the market in Teesside. The first of the properties is the former Thornaby Fire Station which comprises of office premises and industrial/workshop accommodation. The 1.38 acres site claims a prominent roadside position in Thornaby and provides great access to Middlesbrough, Stockon-on-Tees and Darlington, with the A19 and A66 just a short distance away. Best and finals are expected for this property by no later than 12 noon on Friday 6th October. Please contact George Williams or Darren Naylor for more information.

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We are pleased to bring two unique development opportunities to the market in Teesside.

The first of the properties is the former Thornaby Fire Station which comprises of office premises and industrial/workshop accommodation. The 1.38 acres site claims a prominent roadside position in Thornaby and provides great access to Middlesbrough, Stockon-on-Tees and Darlington, with the A19 and A66 just a short distance away. Best and finals are expected for this property by no later than 12 noon on Friday 6th October. Please contact George Williams or Darren Naylor for more information.

[fulltext] =>

The second property is located in Yarm and is a fully fitted abattoir, meat processing and cold store facility. The former home of the Cleveland Meat Company (CMC) the site incorporates a number of industrial units, office space and a number of large agricultural buildings currently used to house cattle. This property is an ideal opportunity for anyone looking to continue operating the site as an abattoir or associated use or alternatively re-developing the site for alternatives uses, subject to gaining the relevant planning consents.

Darren Naylor, agent on the properties commented, “We have recently seen an influx of similar properties in the region, further outlining the strength of the market and the incredible development opportunities that Teesside has to offer.

“Both of these properties offer unique prospects for interested parties, as they offer a variety of possibilities for redevelopment subject to necessary planning consents.”

For more information on the two sites, please contact Darren Naylor or George Williams.

To view the property listing for the former fire station, please click here.
To view the property listing for the abattoir site, please click here.

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APC Success in our Teesside Office

Congratulations to George Williams, agent in our Teesside office, who yesterday became a qualified member of the Royal Institution of Chartered Surveyors (RICS). George passed his Assessment of Professional Competence (APC), on his first attempt last week, to become an elected member of RICS. The APC process involves practical training and experience which, when combined with academic qualifications, leads to RICS membership. It consists of a period of structured training, culminating with a written submission and a final assessment interview. George works in our North East agency team, who were recently announced as the most active commercial property agency in the region by Estates Gazette, in what is widely recognised as one of the top accolades for real estate agents.

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Congratulations to George Williams, agent in our Teesside office, who yesterday became a qualified member of the Royal Institution of Chartered Surveyors (RICS). George passed his Assessment of Professional Competence (APC), on his first attempt last week, to become an elected member of RICS.

The APC process involves practical training and experience which, when combined with academic qualifications, leads to RICS membership. It consists of a period of structured training, culminating with a written submission and a final assessment interview.

George works in our North East agency team, who were recently announced as the most active commercial property agency in the region by Estates Gazette, in what is widely recognised as one of the top accolades for real estate agents.

[fulltext] =>

George said, “The advice from the team in Teesside and the rest of the North East agency team has helped in ensuring I passed the APC and I am really excited to finally be a fully qualified member of the RICS.

“It was brilliant to be part of the team that won the prestigious Estates Gazette award and now I am looking forward to further developing our agency presence in the Teesside area.”

Head of agency, Robert Patterson commented, “We have always been proud of our track record in providing graduates from across our offices with first class training. I am delighted for George, as he successfully qualifies as a chartered surveyor, even as a graduate surveyor he was an integral part of our team and we look forward to his continued development at Sanderson Weatherall.”

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Agency - sales & lettings

Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers. Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location. We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction. We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.   Contact Us

Read More....

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Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers.

Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location.

We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction.

We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.

 

Contact Us

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Consultancy Sanderson Weatherall [secure] => 0 [page_description] => [page_rights] => [robots] => [access-view] => 1 ) [initialized:protected] => 1 [separator] => . ) ) URL: /agency

Property Valuation

The Sanderson Weatherall valuation team has a long established national reputation for the quality and range of its services and specialise in the valuation and appraisal of commercial land and property. We currently employ over 45 RICS accredited Registered Valuers spread across all nine offices servicing a diverse client base and pride ourselves on our representation on the majority of bank panels. From sporting stadia to stately homes, our team has the experience and expertise to swiftly and accurately value all types of properties, often working within quick turnaround schedules and in challenging markets. As a core company specialism, our valuation team prides itself on its extensive market knowledge, operating in the office, retail and industrial sectors and in specialist areas including: Development land Sporting Venues Healthcare Motor Trade Heavy Industry Leisure Education   We also offer a full range of residential valuation services. Our key services in this area include development appraisals, investment portfolio valuations including Social Housing and individual mortgage valuations. By engaging with our team you can expect to receive, from the outset through to completion, the highest level of service, knowledge, understanding and delivery. Contact Us

Read More....

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The Sanderson Weatherall valuation team has a long established national reputation for the quality and range of its services and specialise in the valuation and appraisal of commercial land and property.

We currently employ over 45 RICS accredited Registered Valuers spread across all nine offices servicing a diverse client base and pride ourselves on our representation on the majority of bank panels.

From sporting stadia to stately homes, our team has the experience and expertise to swiftly and accurately value all types of properties, often working within quick turnaround schedules and in challenging markets.

As a core company specialism, our valuation team prides itself on its extensive market knowledge, operating in the office, retail and industrial sectors and in specialist areas including:

  • Development land
  • Sporting Venues
  • Healthcare
  • Motor Trade
  • Heavy Industry
  • Leisure
  • Education

 

We also offer a full range of residential valuation services. Our key services in this area include development appraisals, investment portfolio valuations including Social Housing and individual mortgage valuations.

By engaging with our team you can expect to receive, from the outset through to completion, the highest level of service, knowledge, understanding and delivery.

Contact Us

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Building Surveying

Our building surveying team will give you a detailed understanding of the condition of the property you are planning to buy, or rent, or already own.

Read More....

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Our building surveying team will give you a detailed understanding of the condition of the property you are planning to buy, or rent, or already own.

[fulltext] =>

We provide several different types of building surveys, (each of which can be tailored to suit your requirements) including:

  • Pre-acquisition surveys – an analysis and quantification of potential risks to the building you are about to purchase or rent
  • Technical due diligence – a detailed technical analysis of the property you about to purchase or rent, currently own or rent, including full ananlysis of any related legal, statutory and construction documents;
  • Pre-divestment surveys – an analysis of the existing building you are about to dispose of, which may be transferred to any purchaser that acts to speed up your property sale

 

When looking for a new property, a building survey will ensure you know of any defects to the building before entering into a contract and the costs of remedying any disrepair.

Working with us also allows you to plan ahead, taking into account any extra costs that may be require allocating to satisfy any key defects, repairing liabilities, legal or regulatory obligations and give you long term knowledge on the costs of the property’s maintenance during your ownership.

To find out which survey best suits you and your property, please get in touch.

Contact Us

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September Deals Update

In August we were pleased to announce our appointment as a supplier on the Crown Commercial Service’s National Estates Professional Services Framework. The four-year framework was awarded following a successful tender process, securing our position as one of only 12 firms on the national lot. Last month the government intervened in an attempt to speed up business rates relief for thousands of small businesses across the country and in Scotland the Barclay review into business rates provided a number of recommendations for business rates reform. During August it was also announced that the Valuation Office Agency were poised to cut a number of jobs despite thousands of outstanding appeals. You can read our response to the cuts by clicking here.

Read More....

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In August we were pleased to announce our appointment as a supplier on the Crown Commercial Service’s National Estates Professional Services Framework. The four-year framework was awarded following a successful tender process, securing our position as one of only 12 firms on the national lot.

Last month the government intervened in an attempt to speed up business rates relief for thousands of small businesses across the country and in Scotland the Barclay review into business rates provided a number of recommendations for business rates reform. During August it was also announced that the Valuation Office Agency were poised to cut a number of jobs despite thousands of outstanding appeals. You can read our response to the cuts by clicking here.

[fulltext] =>

Acting on behalf of UK property investor and developer, Buccleuch Property our agency team in the North East sold the last remaining plot on the City Road site in Newcastle City Centre for £1.7million. The site was purchased by JEDS Investments who have acquired the residual part of the site to transform into high quality student accommodation in the heart of the city.

Leading European electronics store, CeX, has taken 1,377 sq ft of space on Northumberland Street, a major shopping street in the city of Newcastle upon Tyne. The deal was completed with our retail agents in the North East acting on behalf of the landlords.

ATZ Developments, a Yorkshire based development company, has purchased a 60,000 sq ft multi-let mill complex in Batley, West Yorkshire. Commenting on the sale, Jonathon White, industrial agent at Sanderson Weatherall said, “We are delighted to have sold this site on behalf of the vendors.”

Our planning team recently obtained planning permission for a log cabin development in the North York Moors National Park on behalf of a private client.

In one of our latest blog posts we looked in depth at why co-working isn’t just for the technology, media and telecommunications sector, read the full post here.

With HS2 development now well under way the Government recently confirmed the route for phase 2b, between Crewe and Manchester and West Midlands and Leeds. We have a team of compulsory purchase experts who are currently working with owners and occupiers that will be affected by the route. Please contact us if you think you might be affected by the scheme.

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