An agency team from the North East’s biggest independent property consultancy has been hired to market three of the region’s largest industrial warehouses.
Port of Tyne — named UK Port of the Year 2014 in the National Transport Awards — has commissioned Newcastle-based Naylors Chartered Surveyors to sell a trio of units at Tyne Dock, near South Shields.
Units Five, Six and 20 at Tyne Dock, totalling more than 300,000 sq ft, are currently occupied by Vantec. It is in the process of relocating the majority of its warehousing operation to a 436,000 sq ft new-build office and warehouse facility in Washington, adjacent to its existing base.
Covering 91,890 and 83,944 sq ft, units Five and Six could be leased separately or combined. Each warehouse has a loading dock, offices and a one-acre yard.
The biggest building, Unit 20, has 133,654 sq ft of space including warehousing, first floor offices, a mezzanine storage area and one-acre of land.
“This is a fantastic opportunity to acquire secure, high bay warehouse and distribution premises in one of the region’s best logistics locations with the advantage of award-winning Port facilities,” said Naylors’ head of industrial agency, Keith Stewart.
“It has been well documented that the North East is suffering from a lack of big sheds and units Five and Six combined will provide the largest industrial space available in the region.
“We anticipate a high level of interest given the size of the space available and the services the Port offers,” he added. Sanderson Weatherall has been appointed joint letting agents alongside Naylors.
All three warehouses are within a development of high bay industrial units located close to the main Tyne Dock entrance and with easy access to both the A19 and the Tyne Tunnel.
The Port of Tyne is one of Britain’s major deep sea ports providing a vital trading gateway to Europe and beyond. A £120m investment programme over the past 10 years has allowed it to attract a diverse range of businesses encompassing conventional and bulk cargoes, car terminals, cruise and ferry operators, and logistics. Among the major companies using the port facilities are: Argos, Nissan, Tetley, International Plywood, tea importers Ringtons, and online retailer JML.
Story: Cliff Goodwin
Photo: Naylors Chartered Surveyors
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