Asset Type: Industrial
401 Princesway, Team Valley Trading Estate, Gateshead
Worthington Armstrong UK Limited
The conurbation of Tyne & Wear has a population close to 1.3 million with Gateshead comprising of 202,000 people. Team Valley, the premier industrial location in the north east and one of the largest commercial industrial estates in Europe, extends to over 700 acres and homes over 700 regional and multi-national companies.
Team Valley is bordered to the west and south by the A1 dual carriageway, the longest numbered road in the UK connecting London with Edinburgh and serves the trading estate at two junctions. The A1 has recently undergone a £61m improvement project widening the road and adding a lane in both directions, thus creating better access to the trading estate. Tyneside is also well served with transport communications to the rest of the country and Team Valley is only 4 miles from Newcastle Central Station, a station which connects to the East Coast Main Line and serves from London’s Kings Cross to Edinburgh through many cities including Peterborough and York. Newcastle International Airport is located approximately 10 miles to the north-west.
Occupiers in the vicinity include Express Engineering, Royal Mail and De La Rue.
The property, standing at 46,550 sq ft, comprises of a modern detached steel portal frame warehouse and production facilities together with integral two storey office accommodation. The property was extended in 2017 by the landlord to accommodate the tenant’s expansion requirements, providing an additional 7,250 sq ft of warehouse accommodation. Externally, the unit provides a secure yard, with ample on-site parking to the front, with the site secured by a steel palisade fence. This property is the tenant’s only manufacturing unit in the UK with the closure of a smaller unit in the south of the UK, showing commitment to the location.