The new cluster of units, completed in January this year by Formal Investments, cover 16,000 sq ft at Trident Business Park, Didcot and has proved popular with new trade and retail occupiers including Topps Tiles, Toolstation, City Electrical Factors and Signs Express.
The single remaining property covers more than 2,000 sq ft and features loading doors, three phase power supply and parking to the front. The new development forms part of the Former Williams F1 engineering and development site with existing occupiers including Screwfix, Digipress, Lombard Medical, Endeavor Engineering, Sofea and Didcot Plumbing Supplies.
Tom Barton, director at agents VSL & Partners, said: “There is a high demand for property in Trident Park as this is the only trade focused park in Didcot. It is a sensitively landscaped and welcoming environment, and also provides on-site Centre staff to assist with any operational issues and on site catering provision which has proved popular with both occupiers and customers.
“It is in a prime position just over a mile from the town centre but with easy access to the A34 and major motorways as well as the rail network.
“Such has been the demand, asking rents are now £10psf, compared to £8 per sq ft being achieved a year ago so potential occupiers need to act quickly.”
For further information, please contact Tom Barton on 01865 848488 or visit www.vslandp.com
VSL agency team scoop industry award for the ninth time
Commercial property consultants VSL & Partners has been recognised once again by The Estates Gazette online service – EGi in its annual competition for the country’s Most Active Agent.
Leading property publication, Estates Gazette Interactive (EGi) named VSL & Partners Oxfordshire’s best performing commercial property agency and awarded the firm Most Active Agent and Dealmaker of the Year in its 2018 deals competition.
The EGi deals competition is an independent survey conducted by their research team, which covers commercial property transactions across all property types including industrial, office, retail and leisure. It is designed to establish the agents completing the largest volume of deals throughout the year.
Once again, it was VSL’s dominance in the office and industrial markets, which helped it secure the Most Active Agent title for another year. Across Oxfordshire, VSL completed deals in the industrial, office, retail, land and investment sectors involving 106 deals from June 2017 to July 2018 for its clients.
Duncan May, associate director at VSL & Partners said: “We are delighted to have won both ‘Most Active Agent’ and ‘Most Active Deal Maker’ awards for Oxfordshire and it’s great to see our results receive such prestigious external recognition. VSL has won these awards nine times in the last ten years which underlines our continued strength and detailed knowledge in the Oxfordshire Market.
“The Oxfordshire commercial property market has experienced record levels of transactions in both the office and industrial market totaling over 1.6m sq ft – the highest level for over ten years. 2018 has seen a slowdown in take up but we still anticipate levels to exceed the five-year average. Despite the slowdown we have seen rental growth across the county, particularly in Oxford City Centre where we have recently achieved £32.50 per sq ft.”
VSL & Partners produces market reports providing a valuable insight into commercial property market activity in the Oxfordshire region. For further information or to speak to one of VSL & Partners experts, please call 01865 848488 or visit http://www.vslandp.com