Anderson Beverage & Co purchase 15,800 sq ft warehouse in Washington

Published on: 28th June 2017

Anderson Beverage & Co, a leading supplier of dispensed soft drinks, has purchased a warehouse in Crowther Industrial Estate in Washington.

The 15,800 sq ft warehouse, which is located on the corner of Tilley Road, was sold freehold to the beverage company by our North East agency team, who acted on behalf of Ronan Engineering.

Darren Naylor, industrial agent in our North East team commented, “This is a fantastic warehouse and we are delighted to have secured the sale for Ronan Engineering. With such excellent transport links, we are seeing a huge amount of demand for both leasehold and freehold properties in the Washington area, and hope to see more deals in the near future as a result of that.”

Washington is located close to the A1, and of equal distance from Newcastle Upon Tyne, Durham and Sunderland. Its location makes it a popular destination for industrial occupiers, particularly in the logistics and distribution sector.

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Thirteen Group purchase former Stockton Health Centre

Thirteen Group, one of the North East’s leading social housing groups, has purchased a 27,300 sq ft redevelopment opportunity in Stockton. Our North East agency team sold the former Alma Street Health Centre, located off Alison Street, on behalf of NHS Property Services, for an undisclosed price. Ian Wardle, chief executive at Thirteen, said, “We are pleased to have acquired this fantastic site, in the heart of Stockton Town Centre.

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Thirteen Group, one of the North East’s leading social housing groups, has purchased a 27,300 sq ft redevelopment opportunity in Stockton.

Our North East agency team sold the former Alma Street Health Centre, located off Alison Street, on behalf of NHS Property Services, for an undisclosed price.

Ian Wardle, chief executive at Thirteen, said, “We are pleased to have acquired this fantastic site, in the heart of Stockton Town Centre.

[fulltext] =>

“The delivery of these high-quality, affordable rented homes will not only complement the recent investment in the regenerated Town Centre but will also bring this important site back into use by providing family housing, apartments and bungalows, that will meet the needs of the local community.

“We are in the process of working up a detailed scheme and hope to have a planning application submitted by the end of the year with the aim of starting on site in 2018.”

George Williams, agent in our Teesside office said, “We are delighted to have secured the sale of this property for the NHS. The property is a great acquisition for Thirteen Group, with a good location close to Stockton town centre and already established residential accommodation in the surrounding area. I look forward to seeing how Thirteen Group transforms the site.”

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Teesside June Update

This May was a month of celebration for our Teesside office with a number of deals, new instructions and personal success for agent George Williams. George became a fully qualified member of the RICS after passing his assessment of professional competence at the first time of asking at the beginning of May. George’s success was followed by a strong month for our agency team who sold a 26,592 sq ft industrial unit in Catterick, North Yorkshire. There was also a number of new properties brought to the market by the team including a 7,181 sq ft modern industrial unit in County Durham and 20,000 sq ft of new build industrial space at Aycliffe Business Park. Throughout May our valuation team completed 26 valuation instructions across the region. The jobs included the report and valuation of five residential development sites, four investment properties, seven industrial units and two nurseries, restaurants and retail properties.

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This May was a month of celebration for our Teesside office with a number of deals, new instructions and personal success for agent George Williams. George became a fully qualified member of the RICS after passing his assessment of professional competence at the first time of asking at the beginning of May.

George’s success was followed by a strong month for our agency team who sold a 26,592 sq ft industrial unit in Catterick, North Yorkshire. There was also a number of new properties brought to the market by the team including a 7,181 sq ft modern industrial unit in County Durham and 20,000 sq ft of new build industrial space at Aycliffe Business Park.

Throughout May our valuation team completed 26 valuation instructions across the region. The jobs included the report and valuation of five residential development sites, four investment properties, seven industrial units and two nurseries, restaurants and retail properties.

[fulltext] =>

Our Teesside building consultancy team completed a number of projects including the refurbishment of a Grade II listed property near Whitby, where they provided architectural and building consultancy services. The team also provided a plan maintenance schedule for school sports facilities in Billingham and advice for a North East compulsory purchase order development in excess of £1million.

You can view a guide to commercial property in Teesside by clicking here.

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Preston Farm Industrial Estate unit sold to investor above asking price

Acting on behalf of a private landlord, our Teesside agency team has sold a 7,800 sq ft industrial warehouse unit in Preston Farm Industrial Estate to local investor, SCS structures. The unit, which is located in one of Teesside’s premier commercial locations, is set to be refurbished and offered back on to the market to let. It was sold for £360,000, £10,000 over asking price, and at £45 per sq ft.

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Acting on behalf of a private landlord, our Teesside agency team has sold a 7,800 sq ft industrial warehouse unit in Preston Farm Industrial Estate to local investor, SCS structures.

The unit, which is located in one of Teesside’s premier commercial locations, is set to be refurbished and offered back on to the market to let. It was sold for £360,000, £10,000 over asking price, and at £45 per sq ft.

[fulltext] =>

George Williams, commercial property agent in our Teesside office said, “The price we achieved on this unit and the fact that it sold so quickly, highlights both the on-going demand for industrial units of this type in the area, as well as the attractive opportunity they offer to investors.

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