If you were one of the many investors hopping onto the back of the “new” GIGA Factory planned in the North East then you would have had a few scary moments when Britishvolt went into administration!
🏡 Properties being sold at inflated prices “close” to the new factory, ideal for the 100’s of contactors that will be flooding into the area to build it 👷♀️👷♂️. However, while many people reference the factory being in Blyth I can’t have been alone in trying to establish just exactly where it was going to be built.
So, on one of my many visits I hunted it down 🚗……and yep it was a hunt, following many a country road in search of Harris fencing and some blooming big signs! 🛑
🔊 FYI – it is not in Blyth!
If you had adopted a property strategy based solely on the success of Britishvolt, then there really was a single point of failure in the plan.
When considering what property strategy and where, then having multiple exits and options is key to the long-term success of your project.
So it will be a relief to many that there is light at the end of the tunnel (well not electric but battery charged light…) ✨
David Collard, chief executive of Scale Facilitation – the investment firm which owns the majority of Recharge Industries – said that the company plans to go ahead with plans to build the gigafactory on the site at #Cambois, just north of Blyth.
🏡 Which is why when we purchased our latest Serviced Accommodation property sitting just a mere 4 miles from the site, we knew we had multiple target markets 🎯, and while the area is still relatively untapped there is massive opportunity for future growth. 📈
👉 If you have always considered the North East as a potential investment area, but didn’t know where to start please reach out and book a call to discuss how we might help. 📲
