An option has been secured by Brunel Securities LLP over a 5.35 acre greenfield site located between the services and McDonalds restaurant on the A43 roundabout at Baynards Green and the existing Baynards Trading Estate immediately to the north of the site. The site is also 1 mile from Junction 10 of the M40 and is therefore extremely well located in terms of communications by road.
Preliminary marketing has been undertaken to gauge appetite for units of between 10,000 sq ft and 25,000 sq ft and a number of strong enquiries have been received for freehold tenure requirements which has confirmed the viability of the location, were planning permission to be granted.
An outline planning application for up to 75,000 sq ft GIA in 4 buildings was refused permission in September 2018 and is currently the subject of a planning appeal, due to the exceptional demand/supply imbalance which currently exists in Cherwell District, justifying development in this location for smaller sized units aimed at SME businesses.
Commercial property advisers White Commercial Chartered Surveyors in Banbury (Chris White) and VSL and Partners in Kidlington (Tom Barton) have been appointed to market the scheme and can provide further information upon request.