the north east |
PROGRESSIVE TIMES IN DARLINGTON T
here has been significant commercial property development in Darlington and the surrounding region within the last 3 years. Geographically, Darlington is unrivalled with its connectivity to all points north, south, east and west. By road it has fast direct
connections via the A1M, A66 and A19 (T). Darlington main line railway station is a key station on the East Coast Mainline providing swift access to Edinburgh,
Julie Wallin
Newcastle, Durham, York and London. Durham Tees Valley
Airport lies only 6 miles east of the centre of Darlington with international connections via Schiphol Airport, Amsterdam. Port connections are also within easy reach with Teesport via the A66 and the Port of Sunderland via the A1M and A19. Darlington is ranked the 7th best place to live in the country (uS switch quality of life index 2015) and has the North Yorkshire Moors, Yorkshire Dales, East Coast and Lake District all within an hours car drive. Julie Wallin, Director of Carver
Commercial Chartered Surveyors and Property Consultants who’s head office is in Darlington said “These are exciting and progressive times for our region generally. We have seen significant investment into the town with the National Biologics Manufacturing Centre opening last year opposite Darlington Railway Station which was a £38m investment by the company who chose Darlington over and above the research and development hub of Cambridge having been attracted by strong communication links to London and Edinburgh via the East Coast Mainline, its accessibility to existing pharmaceutical companies and leading relevant universities in the north of England. In March 2015, the Department for Education moved into their new four storey 4,000sq.m. offices adjacent to Darlington town hall accommodating 400 staff. The £30m Terrace Hill Feethams Leisure Multiplex cinema, hotel and restaurants development is now active with many eateries open for business including Hungry Horse, Prezzo, Bella Italia and Nandos. The cinema is scheduled to open shortly. Its great to see these developments within our landscape in the town centre.” A further massive boost to employment and the economy in the area is the Hitachi high speed train factory at Newton Aycliffe
which was officially opened by David Cameron in September 2015. This £82m development employs over 700 workers and demonstrates a real show of confidence in the North East Region. Retailing is also expanding with North Road Retail Park. This Opus development is well under way covering a site of over 4 acres and including a mix of retail companies together with Aldi, Lidl and KFC. Julie added “It is not only large developers who are changing our landscape. We are presently advising several private landowner/developer clients. Some have already re-furbished sites which have been run down having invested considerable money in providing further much needed trade/work space in the area. One example is Universal Business Park on Yarm Road Business Park which provided 30,000sq.ft. of various sized light industrial units. These were marketed last year attracting a high volume of enquiries and the space was fully let within 9 months”.
Prominent town centre location near Feethams Leisure Vue Cinema complex. Outside seating may be available subject to a pavement licence from the local authority.
COMMERCIAL PROPERTY MONTHLY 2016
Established and popular trading location, other occupiers in the vicinity include Sherwoods Vauxhall Dealership, Jewsons Builders Merchants and Europcar Rental. Total site area 0.49 acres. The site comprises showroom/store let to Hertz Car Rental GIA 500sq.m. And a second former showroom area let to Grants Gym GIA 454sq.m. Present rental income £48,500 per annum, excl.on FRI terms.
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