The developer of an office project on Blyth Quayside has secured a new tenant, with the letting of a 3,072 sq ft office suite on the first floor to Blyth Town Council.
Steven Reay, developer of the 14,384 sq ft Arms Evertyne House office project on Blyth Quayside, said more than one third of the building is let. Other occupiers include Reay Security who occupy a top-floor suite of 2,357 sq ft. The building is being marketed at £12.50 per sq ft.
Patrick Matheson, associate at Knight Frank who is jointly marketing the building with GVA, says the letting shows that office occupiers can be attracted to this emerging location.
Matheson said: “Blyth is the subject of significant redevelopment plans with offices, leisure and retail due to be brought together with public areas.
“It is also quality space up to BREEAM Excellent standards and the overall specification is outstanding.
“It is edge of town centre so the location has excellent amenities. It is also within the Enterprise Zone which means the Government has committed to fund a 100% business rates discount for a five-year period for businesses moving in before April 2015.
“Given the port setting and the development’s closeness to The National Renewable Energy Centre, which has established a £2.8m public-private initiative to support SMEs in the North East to move into the rapidly developing offshore wind and marine renewable energy supply chain, there is a real opportunity for businesses to locate here.”