Dodds Brown – Teesside’s leading commercial property agent – says owners and landlords need to invest to create demand.
Over the last year, despite the pandemic and lockdown, the company has let a remarkable 25,000 sq ft of space on the Riverside Park Industrial Estate in Middlesbrough.
“There’s a lot of second-hand space which was just sat on the market and hasn’t been refurbished and, whatever happened, was probably never going to let,” said Dodds Brown’s senior associate Richard Wilson.
“But as soon as you invest in those buildings and bring them up to a modern standard they become attractive. The demand’s there if you provide quality.”
Dodds Brown is now marketing the 3,000 sq ft ground floor of Stephenson House after an extensive makeover. The old partitions have been removed. There is a new ceiling, new lighting, a new carpet and air conditioning. The outside has been refurbished and branded to increase visibility. There is plenty of on-site parking and easy access to the A66 and town centre.
The upstairs floor has already been occupied by a new tenant and the ground floor is available as a whole or two suites, each of 1,500 sq ft.