In an appropriate transaction for the home of the Sun God, Naylors Chartered Surveyors have recently secured a deal with UK Firewatch, one of the Region’s leading specialists in the provision of automatic fire sprinkler systems, who are taking the largest single unit at Apollo Court, Monkton South Business Park. The deal marks the half way point in the marketing of the scheme with five of the ten units having now been taken.

Comprising a detached building of 5,000 sq ft across two floors, the accommodation was ideally suited to UK Firewatch providing high quality offices at first floor and storage workshop space beneath with the capacity to fit the space for lab style working, or further meeting rooms in the future.

“We had been looking to relocate into new premises for some time and the adaptable nature  of the space within the unit was something that appealed to us, as it satisfies our immediate needs but also gives us the capacity to grow” said Derek Duggan, Managing Director of UK Firewatch. “We also needed a highly accessible location, good parking with a flexible deal and Apollo ticked all the boxes for us” he added.

Bill Naylor of Naylors Chartered Surveyors is pleased to have secured this important letting. “Whilst the market has been difficult throughout the time we have been marketing these units, the take-up has nevertheless been encouraging and demonstrates both the quality of the space on offer and also the flexibility of the financial terms” he said. “We have built a momentum here for further success in the next few months notwithstanding the current business climate and one of the attractions is that we can offer an option to buy in the future which means that an occupier can move in as a tenant in the normal way, but know that when the funds are available they will be able to realise a dream for ownership”

The five remaining units range from 2,500 sq ft to 8,000 sq ft.

Bizspace, one of the UK’s leading providers of managed office, light industrial and storage accommodation has sold part of its site just to the east of Gateshead International Stadium, and almost adjacent to the A 184 Felling bypass, to the Cat’s Protection League for a new rescue centre.

The new development will be built to a high standard and incorporate a vetinary unit plus a visitor centre and educational facility to promote animal welfare.

Bill Naylor of Naylors Chartered Surveyors acted for Bizspace. “This is an excellent business location, being so close to one of Tyneside’s best known thoroughfares and we had a good level of interest from commercial organisations before the Charity approached us, and although the use was one we hadn’t anticipated, we could immediately see the attraction” he said.

Peter Marshall of Bizspace commented that the development would provide a useful focal and reference point for the adjoining commercial centre. “We think this project will help identify the location of our centre and is a great use for some surplus land that we had. We wish the Cat’s Protection League every success”.

Naylors Industrial Team has seen 2008 a successful one even through the economic downturn.  The department has either let or sold 600,000 sq ft of industrial space ranging in various sizes in the last 12 months with further transactions pending into 2009.

82 properties were transacted in the North East region over the year with a rental income generating in the order of £1.5 million and capital transactions of £10 million.

Director Keith Stewart said “2009 will no doubt be a difficult year for everyone but we are confident given the variety of instructions we have and the enquiries coming forward from companies needing to downsize or relocate, deals will certainly be done”.