Union Electric Steel, Coulthards Lane, Gateshead, NE8 3DX

Description
The Site extends to approximately 10.2 acres (4.13ha) and is irregular in shape.
The main factory building is located to the south of Coulthards Lane, and the car park, security office and Shower Block are located to the north of Coulthards Lane.

The main facility comprises several substantial purpose-built industrial buildings arranged in nine bays with multiple floor level changes throughout. We understand that the site has been occupied for over 100 years under various ownerships and has been expanded over many decades.

The main factory has substantial eaves with numerous lined deep pits.

There is office accommodation arranged across two floors to the north of the accommodation. To the north of Coulthards Lane is a security office/Reception and Shower block. There are also secure parking facilities to the north of Coulthards Lane as well as on the main site.

To the east of the site there is land which is leased from Network Rail which leads to a railway line which links Newcastle with Sunderland. This land is held on a lease which can be terminated. This land is not included in the sale.

The site has a high site coverage due to the various extensions over the years which means that external circulation space is limited. Goods access is via numerous roller shutter doors to the north, south and eastern elevations. The western boundary of the building/site adjoins the Felling Bypass.

The facility is currently being wound down and the Admistrator is looking to dispose of the Plant & Machinery separately, but enquiries can be made through Avison Young to the Administrator re the Plant & Machinery

Location
The Site is located in a very prominent position at the corner of Park Lane/Felling Bypass and the Gateshead Highway/Flyover to the east of Gateshead town centre within the Bridges Ward. The site is located on one of the key traffic thoroughfares which leads to Gateshead Town Centre, the Tyne Bridge and Newcastle city centre.

The Gateshead Metro and Bus Interchange is located in close proximity to the west and Newcastle Central Train Station is located approximately 1 mile to the north west.

The Site is well placed to benefit from the regeneration of the region and hubs of activity such as Newcastle city centre, Gateshead town centre, the MetroCentre (regional shopping centre), The Glasshouse, Baltic Centre for Contemporary Art and Team Valley Trading Estate.

There are numerous large-scale long-term regeneration schemes underway in the area including the proposals for the new Arena and Conference Centre immediately to the north of the site.

There remains an extensive mix of industrial and warehousing occupiers to the east of the site along the A184 Felling Bypass. However, much of the immediate surrounding area has been redeveloped over recent years to provide alternative uses.

Specifications
Highly prominent Gateshead Town Centre location
Surrounding area is a focus for numerous regeneration schemes
Excellent access to Gateshead Highway & Park Lane
Site extends to 10.2 acres (4.13ha)
Buildings total 288,430 sq ft (GIA)
Available freehold with full vacant possession.