Town Mayor Officially Opens Three Michaels Yard in Carterton
On Wednesday 14th September, local businesses and guests celebrated the opening of Phase 1 of Three Michaels Yard industrial and warehouse development in Carterton.
Town Mayor Lynn Little cut the ribbon on the development’s first phase which is now ready for occupation providing space for entrepreneurial businesses in the area. The high specification industrial scheme provides 15,000 sq ft across ten units of accommodation and is notably the first new industrial scheme in West Oxfordshire to be completed in nearly a decade.
Three Michaels Yard is accessed from Black Bourton Road within the established Carterton South Industrial Estate and provides the only Grade A industrial and warehouse accommodation in the area.
“It was certainly a fantastic day for us to be able to launch this much needed small unit industrial scheme to the local business community. This will undoubtedly make a considerable difference to small and growing businesses in the town by providing a new home for them or indeed additional off site space for businesses operating at RAF Brize Norton” said mayor of Carterton Lynn Little.
Within Phase 1, Unit G and Unit I are already occupied with Unit G comprising 1,327 sq ft sold to RA Jones, funeral directors and Unit I comprising 1,496 sq ft let on a 10-year lease to Factory 33 Ltd, a CNC machining services, turning and milling company. This leaves a further two units in Phase 1 remaining and ready for occupation, with a further six units being completed by February 2017.
Three Michaels Yard owner and developer Michael Bennett said: “It was great to have the mayor come to cut the ribbon and show her support for this development. We are delighted to be delivering this brand new industrial scheme to Carterton, which is home to a rapidly expanding population and already has an established commercial sector. We are pleased with the rapid take-up with two units already in occupation and have a strong pipeline of enquiries from prospective companies wishing to move in.”
Tom Barton, director of commercial property consultants VSL & Partners says: “With virtually no industrial stock of a similar size available and with the severe lack of Grade A accommodation in the region, our clients saw a real opportunity to assist small and established entrepreneurs with the creation of this new development. We believe Three Michaels Yard will be a highly sought after scheme.”
VSL & Partners has been appointed jointly with Benedicts to market Carterton South Industrial Estate on a sale or tenancy basis. Units are available individually or in combination ranging in size from 1,302 – 13,722 sq ft, for further information please call 01865 848488 or visit www.vslandp.com
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