Member Article

Newburn site comes onto the market

A major industrial warehouse on a prime site near Newcastle has come onto the market.

Chartered surveyor and property agent Bradley Hall has been appointed to market a 6.7 acre site on the Newburn Industrial Estate on a for sale or to let basis.

Previously used as a vehicle dismantling yard, the plot comprises a 44,593 sq ft warehouse, office and storage facilities and a secure yard with CCTV. It is situated in a prominent position within the well known estate, which lies less than one mile away from the A1.

Neil Hart, director at Bradley Hall, said: “The site will appeal to prospective tenants and buyers. It is well positioned near main arterial routes and has a sizeable warehouse facility.

“The Newburn site is the latest in a series of significant instructions for us and reaffirms our feeling that the commercial property market recovery is gaining momentum. We are seeing sustained growth as investor confidence comes back to the market and transaction rates pick up.”

Recent data would appear to back up his claims. The Royal Institution of Chartered Surveyors’ latest commercial property survey highlights a strong rise in demand for industrial premises across the UK. Occupier demand grew for the fifth successive quarter, the study said, while the number of new commercial property developments rose for the second quarter in a row.

Mr Hart said: “This positive national picture is being replicated in the North East. We have gained a host of new clients, particularly in the industrial sector, and we expect to see further growth in the market throughout 2014.”

For further information, please visit www.bradleyhall.co.uk or call Grey Street on 0191 282 8080.

ENDS

Photo caption: an aerial shot of the site

This was posted in Bdaily's Members' News section by Jez Davison .