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Thursday, August 10, 2023

New type of retail park speeds to Tyneside for UK pilot

A revolutionary new retail park is set to launch in North Tyneside bringing a European idea to UK shores as an eight acre site becomes the country's first Vroom; a car retail park.

Sole letting agent, Lambert Smith Hampton, has already secured four tenants, which will each take 2,100 sq ft of showroom, 2,700 sq ft service and pre-delivery/inspection unit and a sale forecourt to display up to 98 vehicles.

Vroom is strategically located adjacent to the Silverlink Retail & Leisure Park at the A19 and A1058 coast road intersection within easy reach of the A1 and the Tyne Tunnel.

David Nicholson, director of LSH's Newcastle office, says: "Tyneside will be the first to see this type of motor trade concept, which is set to roll out across the rest of the UK. It offers an opportunity for independent and mid sized dealerships to combat the threat of the bigger car hypermarkets targeting the region.

"We have already secured the first letting and have received a great deal of interest. We hope to announce three further deals with a mixture of very different vehicle dealerships and it is this variety that will drive footfall and deliver a whole new dimension to the already established Silverlink Retail centre."

Bedlington Motor Company was the first prospective tenant to take the plunge and sign up for space on the site. Director, Paul Stephenson, says: "I'm extremely pleased to be involved with this great new project. We really couldn?t have hoped to find a better site in the region to showcase our dealership."

The site will offer eight sales areas allowing car retailers to display and sell up to 98 cars within bespoke facilities including showroom and pre-delivery/inspection unit. The concept will also offer point of sale to complement existing dealerships or as a stand alone sales outlet.

Customers visiting Vroom will be highly catered for with ample CCTV monitored parking and a staffed reception area. A café is currently under offer to a national operator to enhance the shopping experience.

Due to commence retailing in January 2007, Vroom lies adjacent to a B&Q;, Tesco Extra and is just a mile from the Royal Quays Factory outlet. Dealerships in the vicinity include BMW, Audi, VW, Fiat, Mazda, Bentley, Mini and Porche and the tenant mix on site will be designed to complement that motor retail offer.

Circle Red Properties is the agent for developer Richville Ltd.