Partner Article

Peterlee office space to go under the (virtual) hammer

Over 70,000 sq ft of state-of-the-art office space in Peterlee is generating a lot of interest ahead of the fifth online auction for Landwood Property Auctions, which is all set to go live on Wednesday 18 July.

The purpose-built, detached Grade A office – on Whitehouse Business Park – is being offered with a guide price of £725,000. The two-storey premises comes with parking for 385 cars, plus the potential to sub-divide the property.

The business park, on Traynor Way, is already home to a pharmaceutical supplier, housing association and training services company.

James Ashworth, Director of Landwood Property Auctions, said: “This is an ideal lot for someone in the local area who’s looking to take their business to the next level. The potential is there for the lucky winning bidder to make this office look and feel however they choose, such is the current layout and design. We also feel it will appeal to property investors who can acquire the property at a sensible price and then look to re-let to create an income.

“This property is part of a larger development of six high-quality office buildings constructed in 2006, and yet it still feels incredibly modern, meaning we’re looking forward to competitive bidding for this one on 18 July.

“We’re acting for mortgagees and we’re sure that this lot’s location – being adjacent to the A19, one of the main routes linking Teesside with Tyneside – will appeal to many.”

With instructions on both sides of the country, from Peterlee to Lytham St Annes, and acting for a range of clients such as liquidators, mortgagees and private individuals, the lots being offered in Landwood’s fifth online auction provide something for everyone, from development opportunities to commercial and residential properties.

James continued: “By offering auction lots online, we’re offering our clients great flexibility with the added bonus that bidders can get involved from the comfort of their home or offices.”

This was posted in Bdaily's Members' News section by Hannah Ingram .