New Industrial Agency instructions attract early interest
December 2019
Commercial property specialist Naylors Gavin Black has secured new appointments at two North East industrial estates following acquisitions by an investment fund.
The firm’s award-winning agency team has been appointed as sole letting agent on 38,500 sq.ft of vacant industrial space and new occupiers have already been secured within weeks of their appointment.
The estates at West Chirton North in North Tyneside and Southwick Industrial Estate in Sunderland are managed by Birmingham-based Collingwood Rigby who have appointed Naylors Gavin Black to market five vacant units.
At West Chirton North there are three vacancies totalling 31,000 sq. ft which have recently undergone a refurbishment programme to help improve the standard of accommodation on offer.
At Southwick Industrial Estate, which is located north of Wessington Way, the firm is marketing 7,500 sq. ft of industrial space in two separate units.
Keith Stewart, partner at Naylors Gavin Black said: “Our client has recently invested in refurbishing the accommodation at West Chirton North to enable new occupiers to move in and become fully operational more quickly and efficiently.
“We already have two units under offer at West Chirton and both sites are proving to be very popular so we hope to secure further lettings quickly.”
Rob Heald, senior asset manager at Collingwood Rigby said: “The assets have been bought by an investment fund as part of larger commercial portfolios in the North East. We have appointed Naylors Gavin Black to act as letting agents and to take forward the marketing so we are delighted with the positive start”.
For details of the factory / warehouse space available at West Chirton North and Southwick Industrial Estate, contact Keith Stewart on 0191 2327030