April 2011 - 18 Chancerygate Units at Kidlington ALL SOLD

20/04/2011

It's been a bit of a slog through the highs and lows of the commercial property market but we have now let all 18 units at the Chancerygate Scheme in Kidlington. The scheme first kicked off at the end of 2007 just as the market started to move backwards (that's one of the frustrating things about commercial property - most schemes take 12-18 months to come to fruition and markets change!). As a result the levels of deals were much more competitive than the developers had originally planned and hoped. However, Kidlington has developed as the preferred choice of location for many due to it's strong communication links without most of the associated traffic issues. Just over 3 years later and we have just signed on the last deal - a freehold sale of a 2,700 sq ft unit to an owner occupier. End values of the scheme nudged £90 per sq ft - about right for these type of units.

Back to article list