Wheels set in motion for sale of former bus depot in Jesmond

Published on: 13th October 2016

Our Newcastle agency team has been appointed to sell the former Arriva depot in Jesmond - a large site that is expected to generate a lot of interest.

Arriva, the current owners of the site, is vacating the premises as part of the transport company’s relocation plan, leaving a large plot of land ripe for redevelopment.

The two acre freehold site is located on Portland Terrace, ideally positioned opposite the Holiday Inn hotel and very close to Jesmond’s transport links, making it an attractive option for either residential development or student residences.

Commenting on the upcoming sale, Kevin McGorie, partner in our Newcastle agency team, said: “Jesmond is one of the most desirable areas in Newcastle, attracting young professionals as well as the city’s student population. It is very unusual for a plot of this size to become available in this area, so I expect that a lot of developers will be looking to secure the site.”

We have been appointed as agent for this site following our successful sale of the former Newcastle High School for Girls portfolio on behalf of The Girls’ Day School Trust, which owned the properties on Eskdale Terrace and Eslington Terrace.

Click to view the property listing.

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Agency - sales & lettings

Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers. Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location. We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction. We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.   Contact Us

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Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers.

Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location.

We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction.

We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.

 

Contact Us

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Investment Agency

Working closely with our clients, Sanderson Weatherall’s investment team has the experience to offer appropriate, accurate and objective advice to help you make investment decisions in the office, industrial, leisure, medical and retail sectors. We have expertise in all of our regional offices providing full national coverage and we pride ourselves on our high quality of service tailored individually by project to our clients needs and always with personal delivery by a dedicated Partner contact. General Services: Acquisitions Disposal Financial Modeling Development Consultancy Appraisals Property Funding Portfolio Analysis Site acquisition & assembly   Contact Us

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Working closely with our clients, Sanderson Weatherall’s investment team has the experience to offer appropriate, accurate and objective advice to help you make investment decisions in the office, industrial, leisure, medical and retail sectors.

We have expertise in all of our regional offices providing full national coverage and we pride ourselves on our high quality of service tailored individually by project to our clients needs and always with personal delivery by a dedicated Partner contact.

General Services:

  • Acquisitions
  • Disposal
  • Financial Modeling
  • Development Consultancy
  • Appraisals
  • Property Funding
  • Portfolio Analysis
  • Site acquisition & assembly

 

Contact Us

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October property deals update

Despite the negativity surrounding the UK’s decision to leave the EU, we are continuing to see strong levels of demand across a number of commercial property sectors.

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Despite the negativity surrounding the UK’s decision to leave the EU, we are continuing to see strong levels of demand across a number of commercial property sectors.

[fulltext] =>

We were particularly active in Yorkshire last quarter with a 25,000 sq ft industrial site sold in Bradford to steel fabrication specialist, Bradfabs. In addition, we have welcomed British jewellery brand, Azendi back to York City Centre on a five-year lease in a 774 sq ft. retail space.

Acting on behalf of the Diocese of Leeds, we sold a vacant development site to Leeds Mencap, an independent local charity that supports children and adults with learning disabilities. We have also helped find a new owner for Belle Vue Stadium, the 120-year-old home of Wakefield Trinity Wildcats, following several months of strong interest.

On the other side of the Pennines, we were involved in a number of deals; our agency team in Manchester successfully completed the letting of a recently vacated 29,871sq ft. property at Wigan’s Haslemere Industrial Estate.

In the North East we have a number of new instructions including office accommodation in Kingfisher House, Stockton on Tees and a number of quirky spaces available at Hoults Yard. We are also expecting strong interest for the former Arriva bus depot in Jesmond, a large development site in a prime location.

We are happy to confirm that popular Newcastle pizza restaurant, The Herb Garden will open its second venue at Royal Quays Marina (pictured), an area considered by many to be the North East’s finest boating location.

Yogaworks London benefited from a trio of our property services as we assisted them in opening their first yoga studio at a 3,947 sq ft. property in Wandsworth London. In London, we are also pleased to have advised Japanese retailer, Daikokuya on the acquisition of its first UK store on Bond Street.

In Bristol, we have two large former waste processing plants for sale in Exeter and Frome respectively. Our specialist leisure division has seen strong demand for holiday and caravan parks continue and you can find their recent portfolio of deals and available sites here.

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