Former SSI supplier looks to downsize

Peterson Engineering in Redcar, where 20,000 sq ft of prime industrial space is for sale.

Peterson Engineering in Redcar, where 20,000 sq ft of prime industrial space is for sale.

A prime industrial factory is up for sale as a firm looks to downsize following the demise of SSI.

Teesside independent commercial property consultants Dodds Brown has been appointed to market a rare freehold of 20,000 sq ft of space in Redcar.

The premises consists of two units of 12,492 sq ft and 8,144 sq ft respectively, presently owned by Peterson Engineering.

Peterson has supplied the steelmaking industry for more than 35 years, and due to the closure of SSI-UK is looking to move to smaller premises to continue serving its remaining customers.

Located on Limerick Road on the Dormanstown Industrial Estate on the western edge of Redcar town centre, the two units have good road connections via the A1085 and A1042.

Other occupiers on the industrial estate include Howdens Joinery, Plumb Centre, Budget Tyres and Exhausts and ATS Tyres and Exhausts.

Selling agent, Richard Brown, partner at Dodds Brown, said: “This industrial estate has high occupancy levels, so it’s quite rare for freehold property to become available on this site.

“The units can be sold separately, or as a whole, to suit the needs of individual purchasers and occupiers.

“Despite the reason for the sale, we are confident of good interest due to the strong location.”

 

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