Our agency team worked on the disposal of this high quality production unit strategically located in Washington, Tyne and Wear which lies just off the A1.
The unit comprised approximately 140,000 sq ft and was sold for £3.95M to Walker Filtration. As well as its close proximity to transport links the building is situated near to Walker Filtration’s former building and is therefore an ideal site for the North East firm.
The industrial air filtration and drying technologies firm acquired the unit that is more than double the size of its previous premises to account for their 20% year on year growth.
The sale also ensured the bank recouped their investment in the property.