Friday, February 15, 2024
Lambert Smith Hampton's Newcastle office purchase land in Middlesbrough
Specialist teesside commercial agents Thomas: Stevenson and Lambert Smith Hampton's (LSH) Newcastle office have secured the sale of extensive industrial premises with expansion land in Middlesbrough for a six figure sum on behalf of Altrincham-based investor Mutley Properties.
The joint agents have completed the sale of a 50,000 sq ft warehouse and production unit at Unit 2, Romaldkirk Road, Riverside Park to an un-named Teesside manufacturing company in December 2007 for their own occupation.
LSH's Newcastle office was instructed as joint agent with Thomas: Stevenson for the disposal of the property which is being vacated by Berco (UK) due to their expansion and relocation.
Berco, which manufactures and distributes tracks for crawler vehicles, is transferring to larger premises at the former Black & Decker factory in Spennymoor in a move which will see it double its workforce.
Matthew McIntosh, industrial agent at LSH, said: "Demand for good quality industrial space in the North East remains strong. There is limited supply of new build or good quality secondary space and a particular lack of purchase opportunities for premises of this size and specification, so there was notable interest in this unit. The site was brought to the market in autumn 2007, with Mutley Properties offering the property either to purchase or lease. The sale completed before Christmas.
"Riverside Park continues to prove a popular location for occupiers due to the wide mix of accommodation and its excellent transport network links. Unit 2 also has the added benefit of planning consent for an extension of 20,000 sq ft, in addition to a service yard and expansion land."
The premises are situated close to the A66(T) which links with the A19(T) and A1(M) and is approximately 1 mile to the north of Middlesbrough town centre and 10 miles to the east of Durham Tees Valley Airport.
Paul Stevenson, partner at Thomas Stevenson, added: "This is a high quality building with a good specification. In considering Riverside Park as a business location there remains a deficit of good quality, available accommodation, despite the area's excellent transport links."
The joint agents have completed the sale of a 50,000 sq ft warehouse and production unit at Unit 2, Romaldkirk Road, Riverside Park to an un-named Teesside manufacturing company in December 2007 for their own occupation.
LSH's Newcastle office was instructed as joint agent with Thomas: Stevenson for the disposal of the property which is being vacated by Berco (UK) due to their expansion and relocation.
Berco, which manufactures and distributes tracks for crawler vehicles, is transferring to larger premises at the former Black & Decker factory in Spennymoor in a move which will see it double its workforce.
Matthew McIntosh, industrial agent at LSH, said: "Demand for good quality industrial space in the North East remains strong. There is limited supply of new build or good quality secondary space and a particular lack of purchase opportunities for premises of this size and specification, so there was notable interest in this unit. The site was brought to the market in autumn 2007, with Mutley Properties offering the property either to purchase or lease. The sale completed before Christmas.
"Riverside Park continues to prove a popular location for occupiers due to the wide mix of accommodation and its excellent transport network links. Unit 2 also has the added benefit of planning consent for an extension of 20,000 sq ft, in addition to a service yard and expansion land."
The premises are situated close to the A66(T) which links with the A19(T) and A1(M) and is approximately 1 mile to the north of Middlesbrough town centre and 10 miles to the east of Durham Tees Valley Airport.
Paul Stevenson, partner at Thomas Stevenson, added: "This is a high quality building with a good specification. In considering Riverside Park as a business location there remains a deficit of good quality, available accommodation, despite the area's excellent transport links."
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