Dunstall Park in numbers – 9 units sold, 7 units under offer, 3 units available and a further 6 units on the way
Dunstall Park is set to become another Ivygrove success story following a flurry of completed sales on the scheme's first phase. Phase 1 comprises a series of 9 industrial units that have all been sold, predominantly to owner occupiers but also to a very limited number of investor purchasers. The remaining units on site (Phase 2 and Phase 3) provide leasehold opportunities from 1,959sq.ft. all the way up to 31,366sq.ft.
Hugo Beresford, of Salloway Property Consultants, who act on behalf of the developer Ivygrove Developments, commented: "Dunstall Park has proven to be extremely popular – the ongoing success of this development and similar schemes that they have completed elsewhere is testament to the consistent quality of product that Ivygrove delivers".
Phase 2 is now nearing completion and comprises a block of eight 1,959sq.ft. units (Unit 23 through to Unit 30) together with two adjacent units (Unit 21 and Unit 22) which measure 3,122sq.ft. and 4,144sq.ft. respectively. All are now spoken for save for just one of the smaller units, which is currently available to lease but is unlikely to stick around for long due to strong levels of interest.
Interest in Unit 21 and Unit 22 is starting to heat up with a number of regional occupiers showing interest in the units. The majority of the smaller units have now been let to local businesses who are typically either industrial occupiers seeking 'start-up' units or retailers who no longer require a High Street presence due to a shift from in-person sales to online commerce.
William Speed, also of Salloway, commented: "It's no surprise that such a well-located site is flourishing. Given the current shortage of stock in the market, occupiers are having to act quickly to acquire new premises or face the prospect of missing out! Dunstall Park provides businesses with the opportunity to base themselves in high-quality industrial space within one of Derby's most established and popular industrial locations".
The final phase (Phase 3) occupies a prime position at the front of the site and is due to be completed by the end of the year. This part of the development comprises six units, four of 5,705sq.ft. and two of 4,273sq.ft., which are each available on a leasehold basis and can be combined, if required, to provide up to 31,366sq.ft. if taken in combination.
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