Development Site Sold for Key SME Accommodation
A key site which is set to form part of Oxford’s first new freehold scheme in a decade has been sold.
The land covering 0.77 acres at Langford Locks, Kidlington, was sold to Glenmore Holdings Ltd for £550,000 by commercial property agents VSL & Partners acting for building firm Kingerlee.
Planning permission has been submitted by Glenmore for a speculative 16,000 sq ft development of 14 units. These will range from 1,000 sq ft and are aimed at small businesses looking for high tech industrial space or office accommodation.
Richard Venables, director at VSL & Partners, said: “There is significant demand for this type of accommodation in the Oxford area but there is a critical lack of supply.
“As a result, this new development will be very welcome as it is the first time for 10 years owner/occupiers have had such an opportunity.”
VSL & Partners has been retained to let or sell units in the new development which is set to be ready by early 2018.
Back to article list