Agents at VSL say there is increasing interest in commercial property of all sizes in the Oxfordshire town of Witney.
The latest of a string of deals by VSL includes the freehold sale of 4-5 Bromag Industrial Estate to D2P Autoparts for a car parts distribution centre.
VSL acted on behalf of the vendor in the deal which will see the family business relocate from Hounslow to the 22,000 sq ft industrial building.
Vijay Patel, managing director of D2P Autoparts said: “We decided to relocate the business from West London to Witney as it is the motoring capital of the UK and we felt it was the best place to live in Oxfordshire, with a friendly and close community.
“We are investing significantly in our newly acquired premises and have appointed local contractors, Refurb Renovation Witney to lead the redevelopment, further highlighting our commitment to the local community.
“D2P Autoparts is a family owned business specialising in direct to consumer automotive parts. We are looking to recruit new technology, logistics and operations staff which would be ideal for a young apprentice.”
It follows the success of the new Stanley Court development in Richard Jones Road, which is now full with 35 industrial/warehouse units either under offer, let or sold by joint agents VSL and Carter Jonas which both act for developer Glenmore.
Demand is also strong at 490,000 sq ft Tungsten Park to the west of the town, a new business park with the first development of large, new commercial units in the town in 15 years.
Tenants attracted in recent months include pool and spa products supplier Certikin International, electronics manufacturer Meech International and motorsport fabricators Venture Engineering.
Other activity in the area includes a 6,000 sq ft industrial letting to long-established Witney café business Huffkins Bakery at Parkside.
Tom Barton of VSL said: “The Witney economy has been extremely buoyant in recent years as it continues to expand, and we are seeing growing demand for commercial space as firms look to move within or relocate to what is a very attractive area.
“Significantly, we are seeing a strong take-up of freehold properties which are rare in this area, a good example being Stanley Court. This all points to growing confidence in the local economy which has remained strong despite the impact of Covid-19.”
Image shows the Bromag Industrial Estate.
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