A North East shopping centre is undergoing a £200,000 refurbishment following its purchase by a North East business consortium for £2.4m.
Work on the new Mountbatten Shopping Centre, formerly known as Hebburn Shopping Centre, based on Station Road, Hebburn, is set to create a better environment for both retailers and shoppers.
The Mountbatten Shopping Centre, which is set to open in August, is named after the famous Lord Mountbatten who commanded the famous Hebburn-built destroyer HMS Kelly during the Second World War.
Richard Rafique, director at Bradley Hall, said: “The Mountbatten Shopping Centre is now under a significant refurbishment project to create a range of excellent units for retailers to occupy. The investment is also set to create an improved shopping experience for local people, with plenty more variety and a better quality of shops.
“Purchases and refurbishments like this also encourage development in the local area, boosting employment and business opportunities, and I believe we could look forward to further opportunities in Hebburn and South Tyneside following this.
“The new owners have taken a great interest in improving the area for the local community, and we are looking forward to launching the new shopping centre in the summer.
“Bradley Hall will be managing the site moving forward, ensuring that tenants are well looked after and that both the owners and retailers receive a good return on their investment.”
The 2.01 acre site, which fell into disrepair due to neglect from its former owners, was acquired through leading North East chartered surveyors and estate agents Bradley Hall, with assistance from financial advisers KSM Associates and Gordon Brown Law Firm llp.
National stores including Herons Frozen Foods, Boots and Subway currently occupy the units, with local businesses including hairdressers, laundrettes and newsagents also trading from the site.
For further information about Bradley Hall and available commercial properties, please visit www.bradleyhall.co.uk or call the Hood Street office on 0191 232 8080.