The first new commercial property estate in Witney for several years has proved to be a major success.
Stanley Court in Richard Jones Road, Witney, is now full with 34 industrial/warehouse units either under offer, let or sold by joint agents VSL and Carter Jonas acting for developer Glenmore.
Despite the impact of COVID-19 and lockdown, demand and take-up have been strong, with the site fully let or sold within 18 months of building work being completed. Significantly, half of the units were let or sold since the start of this year, all at market rates.
Will Davis of VSL said: “Stanley Court has been a highly successful development. A key factor in the success of the development has been the lack of alternative stock in the market. This was the only freehold opportunity available in Witney, and Glenmore have delivered the right product in the right location.”
Stanley Court was offered on a freehold or leasehold basis, and take-up was a 50/50 split between freehold purchases and leasehold agreements.
Recent transactions include:
+ 6 Stanley Court to Blenheim Flooring that took a 1,353 sq ft industrial unit on a 5-year lease
+ 27 Stanley Court to Dovecote Windows that took a 1,026 sq ft unit on a 5-year lease
+ 18 Stanley Court to Oxyplumb that took 1,371 sq ft unit on a 5-year lease.
Other firms at Stanley Court include pharmaceutical business Lincoln Medical, property management specialist Remus, Bioproject UK, Refurb Property Renovations and KPM Carpets and flooring.
Stanley Court follows the success of the Glenmore Business Park in Langford Locks, Kidlington.
Jon Silversides, Partner, Commercial, Carter Jonas Oxford, said, “The rate at which the units have been taken up reflects the quality of the space available.”
