Units 1-6 Wards Court Investment, Faverdale Industrial Estate, Darlington DL3 0PP

The site is located on the Faverdale Industrial Estate which is located to the northwest outskirts of Darlington town centre. The estate benefits from excellent
communication links being strategically situated just off Junction 58 of the A1(M) theA66(T) to the east.

Situated at the heart of Faverdale Industrial Estate the development is adjacent to a new retail development (under construction). Lidl opened for trade in December 2022 with Home Bargains and Starbucks Drive Thru due to open winter 2023.

The estate is an established industrial location and home to occupiers such as Argos & Aldi distribution hubs, Capita Business Services, Cepac and Arriva.

The site comprises of 5 blocks with shared hard-standing/ parking and circulation. The estate is secured by way of a perimeter palisade fence with secure gated access. Each unit has pedestrian access doors and roller shutter door(s). The units comprise of the following:

Insulted dual pitched profile
sheeted roofs
Roller Shutter door Loading
Double glazed pedestrian doors
Rolled steel frame with profiled steel
cladding
6 Metre Eaves
Kitchen and WC
LED Lighting
Small Office
Mezanines (units 1,3,5 & 7)

The unit sizes are ideally suited to meet the local and regional needs of the market. The scheme was designed to allow units to be configured to split down into 1,000 sq ft self-contained units, future proofing the development and adding re letting flexibility including separate services, roller shutters front and back. Demand has outstripped the availability of units on the new build parade. Most of the units were pre let during the construction phases.

OCCUPATIONAL MARKET
The North East occupational market is experiencing a severe shortage of industrial stock, prevalent across all size ranges, as more and more occupiers are relocating or expanding in the region and seeking inexpensive space with low labour costs and a large local employment pool. The regional industrial market remains buoyant with low levels of stock and high levels of occupier demand driving some rental growth and reducing incentives and void periods.

PROPOSAL
Guide prices are available upon request.