Refurbished warehouse set to be hot property in supply constrained North East market

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Investor Logicor has commenced the comprehensive refurbishment of its 72,980 sq ft warehouse facility on Swan Road, South West Industrial Estate, Peterlee where supply is ‘extremely compromised’.

Unit 2 Swan Road comprises a 72,980 sq ft modern high bay warehouse / production facility located on South West Industrial Estate close to the A19. Its comprehensive refurbishment will include the office which will have new LED lighting throughout. The outside space will be landscaped, and reconfigured, and new loading and pedestrian doors will be added to the unit.

Cushman & Wakefield and Naylors Gavin Black are joint letting agents.

Chris Donabie, Partner at Naylors Gavin Black, said: “Once refurbished, this will be the only unit of its size and quality available up and down the A19 between Teesside and Tyne & Wear and around ‘hot spot’ locations in Washington, Sunderland and South Tyneside.”

Richard Scott, Partner at Cushman & Wakefield’s Newcastle office, adds: “The market remains extremely compromised in terms of ready supply of units of this quality and size and as such we expect to see healthy demand, and indeed are already fielding enquiries prior to commencing the refurbishment works.”

Unit 2 Swan Road will be available to occupy in the second quarter of 2021.

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