A £2m speculative development at Earlsway Trading Park on the Team Valley has been completed by Northumberland Estates.
The 22,000sqft scheme now offers nine trade counter/workshop units ranging in size from 1,905sqft to 3,270Sqft. The units are spread over two terraces and can be combined to accommodate larger requirements. The development forms an extension of the existing Earls Park accommodation which provides a further 21,808sqft split over 3 units.
Having obtained planning permission for the development from Gateshead Council last year, contractors Gateshead-based Robertson Construction started on site last December.
Earlsway Trade Park is located at the Northern end of the Team Valley, an area which has benefited from significant investment in recent years with the arrival of Maingate and its abundance of amenities including O’Briens, Greggs, HSBC and Gymetc, as well as The Premier Inn and Valley Farm Restaurant, both of which are close by.
Michael O’Driscoll of Northumberland Estates said: “The key driver behind the scheme was the lack of available industrial stock on the Team Valley. Our existing buildings were fully occupied yet enquiry levels remained high. We are delighted with the end product and are extremely confident we will be converting some of the high levels of interest into lettings imminently.
“We aim to establish the scheme as a prominent Trade Park within an ever improving Team Valley. A location that has been further enhanced by the A1 improvement works now completed. Our appetite for speculative development within the region remains strong and we will be bringing further projects on stream later this year.”