Buccleuch Property have secured the letting of a large high bay industrial warehouse at 1 Fiennes Road, North West Industrial Estate, Peterlee, Co. Durham.
The property comprises a large highbay industrial/distribution warehouse extending to 100,240sq ft. (9,322sq m) on a self-contained 5.17acre secure site, including service yard and car parking. It is located on the established North West Industrial Estate, home to major occupiers including Caterpillar, NSK Bearings, TRW Automotives and GT Group.
The Storage Place Ltd, represented by Frew Pain and Partners, has signed a 10year FRI lease, within 6 weeks of the property being vacated by the previous tenant. Buccleuch Property were represented by Avison Young and Naylors Gavin Black.
Judy George of Buccleuch Property comments. “We are delighted to welcome The Storage Place Ltd to Fiennes Road and look forward to building a relationship with our newest occupier.”
Danny Cramman, Director, Avison Young adds. “Achieving a letting so quickly after the previous tenant vacating is a great result for our client. The letting shows that despite national economic headwinds the industrial market in the north east remains robust.”