Local communities need shops, amenities and facilities
Northumberland Estates has recently secured planning permission for a massive retail and trade development at Wynyard Business Park. This project isn't just about new shops; it's about creating opportunities and enhancing our community's appeal.
Key factors of the development:
- 52,000 sq. ft. of retail space and a 45,000 sq. ft. trade park
- Phase one set to begin in May 2024, with completion expected by May 2025
- Major retailers like Sainsbury's showing interest, with potential for 120 new jobs from their store alone
For local homeowners, this development could have a significant positive impact. Imagine having a new Sainsbury's and potentially a Burger King just a stone's throw away from your property. This enhanced convenience could make your home more attractive to potential buyers if you're considering selling.
Moreover, the creation of new jobs in the area could lead to increased demand for local housing. If you own a property in Wynyard, this could potentially drive up its value. For instance, a three-bedroom family home near the business park might become even more desirable to professionals working in the new development.
A focus on economic growth is always pleasing to see
The project also aligns with the Tees Valley's Strategic Economic Plan and Local Industrial Strategy, which aims to boost economic growth in the region. This commitment to local development could have long-term positive effects on property values in our area.
It's worth noting that the development plans to incorporate renewable energy options, including EV charging points and a Battery Energy Storage System. This focus on sustainability could be a selling point for environmentally conscious buyers, potentially making your property more appealing if it's in close proximity to these eco-friendly facilities.
The excellent transport links and connectivity of Wynyard Business Park, combined with the area's reputation for superior residential properties, make this development even more significant. It reinforces Wynyard's status as a desirable place to live and work, which could be a key selling point if you're looking to put your property on the market.
While this news isn't directly about property, it has the potential to significantly impact our local housing market. The increased amenities, job opportunities, and focus on sustainable development could all contribute to making Wynyard an even more attractive place to live. If you're considering selling your home, these developments could work in your favour by potentially increasing demand and property values in our area.
What do people involved with the deal say?
Patrick Dunne, Sainsbury’s Property Director, said: "We're delighted to confirm that we're bringing a brand new Sainsbury's supermarket to Wynyard Business Park, representing a major investment in the region and creating new jobs. We have an unbeatable combination of quality fresh food, competitive prices, innovative products, useful bright ideas and enthusiastic people, which will all help us to bring good food to more of our customers in and around Tees Valley."
Anthony Cape, Senior Asset Manager at Northumberland Estates, expressed: "We have seen really strong interest from businesses in the trade and retail sectors for this new development, and we hope to be in the position to confirm details of some of those occupiers in the coming months."
We are here to help you move in and around Wynyard
If you are looking for help with any matter of the Wynyard property market, it is best to speak to property professionals. No one knows for sure what is going to happen next, so we won’t claim to have all the answers, but the Anthony Jones team is keen to help you as best we can. If you would like to contact us over housing matters, please call us today on 01740 807107.
