The former Jockey manufacturing factory on Eastern Avenue, Team Valley has been transformed by Buildings for Business, the partnership between UK Land Estates and One NorthEast, to provide modern industrial premises alongside a new trade park scheme of which three units are already let.

A selection of local agents came down to site to celebrate the official opening of the development, which is already proving to be very successful.

The 3 acre site, which had been vacant since Jockey ceased manufacturing in 2004, has been demolished by STP Construction to create a development of nine trade park units totalling 2,230 m² (24,000 ft²) and a 1,858 m² (20,200 ft²) stand alone industrial unit. Already three of the Trade Park units are let to Tool Station, Taps and Morrells and a further two are under offer. 

Iain Slater, for Buildings for Business said: “This is one of the first regeneration projects on the Team Valley for over two years.  It is anticipated that the development will create over 130 jobs and bring a wealth of trade to one of the UK’s largest business parks.”

Keith Stewart of Naylors who is joint letting agent on the scheme with Knight Frank commented, “Team Valley still remains the premier location in the North East for new and existing businesses which is confirmed by the fact that we had three pre-lets agreed before PC.  We have not seen a great deal of new accommodation on the Valley for some time so we anticipate that this development will be a huge success given the high quality product and its location on one of the busiest thoroughfares on the Estate. ”

The scheme is just one in a number of developments that Buildings for Business have been involved in over the past two years including hybrid developments Sunderland Boldon Business Park, a two storey office at Balliol Business Park and an industrial scheme at Nelson Park, Cramlington.  Work is also progressing on the former Dunlop factory on Team Valley which will see approximately 12,075 m² (130,000 ft²) of hybrid and industrial space to be completed in late 2008.

A flagship property at one of the region’s leading business parks is holding an open day for businesses looking to move.

Businesses can enjoy a tour of unit 1 Princes Park on Team Valley - a 35,000 sq ft property which is currently available for lease - on Thursday December 4 from 11 am onwards.

The event is being organised by Naylors Chartered Surveyors and Tyne and Wear Development Company for any company that might be interested in leasing new property in 2009.

The property, with a rental value of £200,000 per year, is of an extremely high standard offering office accommodation over two floors to the front with a warehouse to the rear.

Located on Princesway at the heart of the Team Valley Trading Estate, Princes Park is a modern development built by UK Land Estates and has excellent transport links due to its proximity to the A1. The property is available for lease on flexible terms.

Keith Stewart from Naylors said: “This is an opportunity for companies to see for themselves what the unit has to offer. It’s an excellent site in an excellent location.”

Paul Buie, manager of Tyne and Wear Development Company said: “We’re keen to hear from anyone with an interest in leasing commercial property. Anyone interested should get in touch now for more details about the property and the support that’s available.”  

For more information about the event, please contact Tyne and Wear Development Company on 0191 516 9099 or Naylors Chartered Surveyors on 0191 232 7030.

You may have seen in the media or possibly been contacted about Energy Performance Certificates which are now required by law to be provided for any property marketed for sale or letting over 50 m² (538 ft²). 

Naturally, any new legislation causes some degree of confusion but the position is that with very few exceptions any property placed newly on the market since 1 October 2008 must have an EPC, and those that were on the market prior to 1 October 2008 must have an EPC in place before 4 January 2009.

The EPC summarises energy performance of the building based on its CO² emissions. 

There are penalties for not progressing an EPC so the liability is not be treated lightly!

At Naylors we can arrange for an EPC to be provided on any property, whatever its complexity.

Written by Bill  Naylor