Member Article

£200k refurbishment of Washington property portfolio complete

A major refurbishment of a portfolio of units at Armstrong Industrial Estate in Washington is now complete. Silverstone Building Consultancy project managed the £200k make over on behalf of owners, IO Asset Management, who acquired the premises from Valad last year.

The 22 industrial/trade counter units are situated on Whitworth Road and range in size from 2,900sqft to 12,472sqft.

The comprehensive refurbishment included new external cladding, roof repairs, new carpeting and full redecoration, providing much improved accommodation for potential occupiers.

Following the refurbishment a number of deals have taken place including the letting of Unit 3 to Brack office Solutions who relocated from elsewhere in Washington and the letting of Unit 19 to Radecal Signs, who required additional space due to business expansion.

There is also interest in a further four units, two of which are under offer.

The estate is located approximately one mile north of Washington town centre and offers easy access onto the A1& A19. The properties are ideal for start-up businesses or small companies looking to expand or upgrade. They also offer close proximity to Nissan which would suit companies within their supply chain.

Mark Coulter, associate director at Silverstone Building Consultancy said: “We have worked closely with IO Asset Management to deliver a refurbishment programme that has resulted in a much higher grade of quality industrial accommodation.

“The works undertaken have improved the overall image of the units and will extend the life of the buildings providing greater letting potential for the owners.”

Appointed letting agent, Tim Powner of Lambert Smith Hampton said: “There is a significant shortage of small industrial units available in the Washington area and the investment committed to refurbishing the estate has already increased activity levels.

“Occupiers have been encouraged by the improved quality of accommodation and we hope to announce a number of new lettings and sales shortly.”

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