Teesside Agency Update

Published on: 8th March 2017

Our Teesside agency team had a great month in February, continuing their strong start to 2017 with a number of deals completed, new instructions and properties currently under offer.

Our completed deals include the letting of a 5,210 sq ft unit at Durham Lane Industrial Park to Hot Price Tubs, within just one week of the property going on the market.

In February we put seven properties under offer and hope to finalise these in the coming weeks. Of these seven properties, we have four industrial properties, totalling over 55,000 sq ft, two office properties totalling 5,505 sq ft and a 500 sq ft corner retail unit.

With a number of new instructions, including a new pod of retail units located in Tees Bay Retail Park, Hartlepool and we are looking to the future in a buoyant Teesside property market.

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Unit let in less than one week at Stockton's Durham Lane Industrial Park

Acting on behalf of Dickens Warehousing Ltd, our Teesside agency team has let a 5,210 sq ft unit at Durham Lane Industrial Park to Hot Price Tubs, within one week of the property going on the market. Hot Price Tubs, a leading hot tub retailer in UK and Ireland, has let the unit, located on Guiseley Way in Stockton-On-Tees, on a three year lease. Bob Goodrum, company secretary at Dickens Warehousing Ltd commented, “Hot Price Tubs is a great occupier at Durham Lane Industrial Park.

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Acting on behalf of Dickens Warehousing Ltd, our Teesside agency team has let a 5,210 sq ft unit at Durham Lane Industrial Park to Hot Price Tubs, within one week of the property going on the market.

Hot Price Tubs, a leading hot tub retailer in UK and Ireland, has let the unit, located on Guiseley Way in Stockton-On-Tees, on a three year lease.

Bob Goodrum, company secretary at Dickens Warehousing Ltd commented, “Hot Price Tubs is a great occupier at Durham Lane Industrial Park.

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“We couldn’t be happier that the agents at Sanderson Weatherall had the letting agreed within one week of them putting it on the market.”

Darren Naylor, industrial agent in our North East agency team said, “We are delighted to have secured Hot Price Tubs as a tenant for Dickens Warehousing Ltd. The fact that the unit was let the same week we put it on the market highlights the continuing demand for industrial properties, from occupiers wanting to be located in Teesside.”

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Agency team named as the most active in the North East

We are pleased to announce that we have been named the most active commercial property agency in the North East by Estates Gazette, in what is widely regarded as one of the top accolades for real estate agents In the past year, our North East agency teams have let or sold a total of over 1.8 million sq ft of commercial, retail and industrial space across the region. Our Newcastle and Teesside offices have been awarded the title for transactions they completed between January 1 and December 31, 2016.

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We are pleased to announce that we have been named the most active commercial property agency in the North East by Estates Gazette, in what is widely regarded as one of the top accolades for real estate agents

In the past year, our North East agency teams have let or sold a total of over 1.8 million sq ft of commercial, retail and industrial space across the region.

Our Newcastle and Teesside offices have been awarded the title for transactions they completed between January 1 and December 31, 2016.

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Our head of commercial agency, Robert Patterson, said: “We are delighted to win this award again, confirming our position as the leading agency in the North East. Our local knowledge, dynamic team and full service agency offer allows us to deliver a fantastic service to our clients, and ultimately secure the best deals.”

The award comes following a restructure of our North East team, which saw the appointment of industrial agent Darren Naylor, as well as our repositioning as a full service commercial agency covering the areas across Newcastle and Teesside.

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March Deals Update

With deals completed across a number of sectors in February, we have continued our good start to the year. Here is a summary of our recent deals and instructions from across our office network. Our Manchester agency team have finalised a number of deals across a variety of sectors in the region. Acting on behalf of corporate finance advisors, Duff and Phelps we sold a freehold residential investment in Liverpool in excess of the asking price. The team were also instrumental in the sale of a residential development site in Tintwistle and a 13,000 sq ft office space in Preston. In the North East our Teesside agency team closed a deal on a 5,210 sq ft unit at Durham Lane Industrial Park within just one week of the property going on the market. Our North East retail agency team have recently been appointed as letting agents on 37 units at Hebburn Shopping Centre, a site which is currently undergoing a £2.4million refurbishment.

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With deals completed across a number of sectors in February, we have continued our good start to the year. Here is a summary of our recent deals and instructions from across our office network.

Our Manchester agency team have finalised a number of deals across a variety of sectors in the region. Acting on behalf of corporate finance advisors, Duff and Phelps we sold a freehold residential investment in Liverpool in excess of the asking price. The team were also instrumental in the sale of a residential development site in Tintwistle and a 13,000 sq ft office space in Preston.

In the North East our Teesside agency team closed a deal on a 5,210 sq ft unit at Durham Lane Industrial Park within just one week of the property going on the market. Our North East retail agency team have recently been appointed as letting agents on 37 units at Hebburn Shopping Centre, a site which is currently undergoing a £2.4million refurbishment.

[fulltext] =>

We were delighted to hear in February that the luxury hydrotherapy pool at the Alan Shearer Centre won a Gold SPATA award for 'special requirement pool of the year'. Our building consultancy and architecture teams designed and developed the luxury facility, working alongside specialist pool designers and occupational therapists.

Research conducted by head of our Birmingham office, Peter Fowles has forecast that over the next four years an increase in new high quality office accommodation could see a raft of new occupiers moving into the city centre. Click here to view the full report.

In Yorkshire our industrial agents secured a 189,142 sq ft facility for Allied Glass, the newly refurbished property is located at Wakefield Europort, the leading logistics and distribution centre in the region. Our corporate real estate team completed the sale of a residential development site in Wakefield, the site is over 2.5 acres with valid planning consent for up 35 dwellings and was formerly a police driving school.

In the South West our agency team sold a ground rent investment on the site of the Ibis Hotel in Sawmills End, Gloucester. Acting on behalf of Litfield Land, the investment was sold to a private investor for £1.3million.

In Devon our planning team secured planning permission for the change of use of seven park homes from stationing holiday caravans to residential park homes. They have also prepared a number of planning appraisals for Papa John's in towns across the UK including Plymouth, Torquay, Norwich and Sheffield.

View more information on all of our deals by clicking on the links below.

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Tees Bay Retail Park Units go on the market

A new pod of retail units, located in Tees Bay Retail Park, Hartlepool, have gone on the market. The units available offer 1,485 sq ft to 3,800 sq ft of retail space, and will be located in the middle of the existing retail park. Letting agent George Williams commented, “This is a fantastic opportunity for a retailer to sit alongside a number of well-known brands, such as Lidl, Halfords, The Range and Home Bargains.

Read More....

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A new pod of retail units, located in Tees Bay Retail Park, Hartlepool, have gone on the market.

The units available offer 1,485 sq ft to 3,800 sq ft of retail space, and will be located in the middle of the existing retail park.

Letting agent George Williams commented, “This is a fantastic opportunity for a retailer to sit alongside a number of well-known brands, such as Lidl, Halfords, The Range and Home Bargains.

[fulltext] =>

 “The architecturally innovative retail park provides a total of 250,000 sq ft of retail and warehouse accommodation, and due to the prominent position of these new units and popularity of the retail park, we expect there to be substantial interest”.

Click here for further information.

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Newburn manufacturing unit, MGM House, goes on the market

A 58,879 sq ft manufacturing unit, located in Newburn, Newcastle upon Tyne, has gone on the market at an asking price of £1.8m. The unit, which is situated on a 2.42 acres site, comprises of five modern workshops, two principle factory units and interlinking office space. Industrial agent Darren Naylor said, “There is a real shortage of good quality industrial properties of this size in the North East, so this is a fantastic and rare opportunity for an owner occupier or investor.”

Read More....

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A 58,879 sq ft manufacturing unit, located in Newburn, Newcastle upon Tyne, has gone on the market at an asking price of £1.8m.

The unit, which is situated on a 2.42 acres site, comprises of five modern workshops, two principle factory units and interlinking office space.

Industrial agent Darren Naylor said, “There is a real shortage of good quality industrial properties of this size in the North East, so this is a fantastic and rare opportunity for an owner occupier or investor.”

[fulltext] =>

The site has a freehold asking price is £1.8m, but may be available to let.

Click here to view the property listing.

Contact Us

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Stockton’s The Century Building goes on the market

The Century Building, located on North Tees Industrial Estate, has gone on sale with an asking price of £595,000. The 12,430 sq ft property provides 8,945 sq ft of office accommodation and 3,465 sq ft of warehouse space. The freehold site sits on 0.87 acres, which includes a storage yard and parking.

Read More....

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The Century Building, located on North Tees Industrial Estate, has gone on sale with an asking price of £595,000.

The 12,430 sq ft property provides 8,945 sq ft of office accommodation and 3,465 sq ft of warehouse space. The freehold site sits on 0.87 acres, which includes a storage yard and parking.

[fulltext] =>

Darren Naylor, industrial agent in our North East agency team commented, “This is a great opportunity for a business looking to relocate to a prominent trade counter / industrial estate in the area. The freehold interest is available to purchase for £595,000, however the property may be available to let by way of a new full repairing and insuring lease.”

For further information contact agents Darren Naylor or George Williams.

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