Commercial Property
Who does the deals?
Bradley Hall has revealed that the value of its sales, lettings and acquisitions reached over £160,000,000 in one year leading to May 2022.

Bradley Hall has revealed that the value of its sales, lettings and acquisitions reached over £160,000,000 in one year leading to May 2022.

The news comes as the firm continues in its mission to support changes to the North’s built environment, making it a consistently better place to live, work and socialise. The full-service property agency works closely with key organisations and people to encourage local economic activity and support businesses and communities with a full-service approach to residential and commercial property in the ever-evolving built environment of the North. Bradley Hall’s problem solving and innovative approach to property opportunities aims to create and protect thousands of direct, indirect and induced job opportunities across the region and beyond. Its mixture of office, industrial, licensed and leisure, retail, development and investment deals including a range of significant projects including;

Lionheart Enterprise Park

The firm’s commercial property team acted on behalf of William Hackett Holdings Ltd to sell plots six and eight Oak Drive, Lionheart Enterprise Park to William Fishwick & Son. The Enterprise Park was sold with the benefit of the existing occupational leases and the deal was secured for over £3 million.

Seaton Vale, Ashington

Bradley Hall acted on behalf of Persimmon Homes on the sale of 26 affordable homes in Ashington
to housing association Thirteen Group. Its commercial property team also sold Persimmon a scheme for up to 200 homes in Amble, which will create much needed family homes for local people in the area.

The Inn Collection Group, St George Hotel, Harrogate

Growing pub company The Inn Collection Group has expanded its estate in Yorkshire with the purchase of the 90-room Hotel St George in Harrogate. Outside Yorkshire, the pub group’s estate includes sites in Northumberland, the Lake District, County Durham, Tyne and Wear and Lancashire. Bradley Hall’s group managing director, Neil Hart, advised on acquisition due diligence.

The Inn Collection Group, The Glenridding

The takeover of The Glenridding Hotel in Ullswater takes The Inn Collection Group’s growing Lake District portfolio to nine sites, and its overall site count to 28 at the time of purchase Neil continued to act on behalf of the The Inn Collection Group throughout the acquisition process.

Merrington Industrial Estate, Durham

The Newcastle office worked closely with its client Northumberland Estates to add value to the property before it was acquired by the purchaser. Merrington Industrial Estate in Spennymoor, County Durham was purchased by a North East entrepreneur for £8,000,000. The site comprises ten units, all of which are currently occupied by tenants. Bradley Hall’s property management department will also be managing the industrial estate on behalf of Merrington Lane.

Bridge Tavern, Newcastle

The Bridge Tavern owned by Greenan Blueaye Ltd was sold to The Hanro Group and Bradley Hall acted on behalf of the purchaser. The unit was simultaneously let to Vaulkhard Group upon Hanro’s acquisition. Vaulkhard Leisure is one of the North East’s most successful leisure operators with venues including Castro’s, Barluga, Blakes and more recently The Diamond in Ponteland.

Premier Inn, Alnwick

Northern Commercial Properties (NPC) sold land to Premier Inn Hotels and are now on site constructing a new 80 bedroom hotel on their behalf. The commercial team acted on behalf of NCP in the sale.

Stocksfield / South Acomb

The Newcastle commercial agency team successfully let several units at Stocksfield Business Park and South Acomb Business Park. Stocksfield Hall Business Park is the largest owned by Allendale Estates and boasts an outstanding location within walking distance of Stocksfield train station. South Acomb Business Park has been newly renovated and offers 18 commercial units in total. Stocksfield has two units left while South Acomb is now fully let.

Four Market Place, Morpeth

Four Market Place in Morpeth has been let to Tomahawk Steakhouse for a ten-year lease in a 3,100 sq ft space. The commercial property team acted on behalf of the landlord to secure this deal with Tomahawk as the tenant. Tomahawk Steakhouse has 14 sites currently across the UK with five more to be completed and ready to take bookings by the end of the year.

Claremont House, Newcastle

Claremont House, a bespoke student let scheme in Newcastle, was sold to an investor at a seven figure price. Bradley Hall acted for the vendor throughout the process.

In assocation with Bradley Hall Chartered Surveyors and Estate Agents
Posted 7th July 2022

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