New Occupiers Sought For Former Peterlee Factory Site
Naylors Gavin Black is hoping to attract new or relocating manufacturers to Peterlee to provide much-needed investment and jobs for the town.
The commercial property consultancy has been appointed to market the former PLG Glass Supplies factory in Peterlee, is on the market for £2.4M.
The 56,000 sq ft building, which sits within a three-acre site, is up for lease or sale following PLG’s decision to close the factory and consolidate production to another UK location.
A significant refurbishment was undertaken by PLG when it acquired the site in 2016, meaning a new occupier will benefit from a well-equipped facility with a large power supply and its own substation, attractive two-story offices complete with staff amenities, a spacious yard, and ample parking.
The property's prominent location and size make it an appealing prospect for businesses seeking an industrial space to meet their operational needs.
Naylors Gavin Black is renowned for its expertise in the commercial property market, providing comprehensive services to clients across the UK from its North East base.
Keith Stewart, partner at Naylors Gavin Black, said: “Peterlee is ripe for investment, with a number of successful and innovative companies located in the area.
“This site represents a rare opportunity for a growing business to make a new home, or an investor to acquire an appreciating asset. It was specified for the energy intense production of glass and features an upgraded power supply with is own substation, making it ideal for manufacturers.
“The location has everything; industrial production space, a trade counter, loading bays, a 60-space car park, as well as meeting and office space. It could suit a wide range of purposes, both industrial and commercial, and could be split to provide separate office and production facilities.”