An option has been secured by Blakelands LLP over a prime 10.8 acre greenfield site on the edge of an existing industrial cluster fronting A329 Rycote Lane, Thame, on the western side of the town and less than 5 minutes from J7 M40.
The site is being promoted through the ongoing South Oxon DC Local Plan 2032 and Thame Neighbourhood Plan Review consultation process for an employment allocation for Thame as there are currently no other sites currently available for commercial development in and around the Town. Whilst the town continues to be well-represented by small, medium and large businesses, their growth plans are invariably constrained by a lack of suitable stock, resulting in companies relocating away from the town and into neighbouring districts in some instances. Potential inward investors are also prevented from relocating to the town for similar reasons and this site, which could accommodate up to 200,000 sq ft of B-class uses, would be an invaluable addition to the town's supply situation.
In the light of this, an outline planning application for 180,000 sq ft / 16,722 sq m of B2/B8 uses, indicating a scheme of small to medium-sized units, but with all matters reserved save for access, was submitted in December 2017 with South Oxon DC planning committee resolving to grant planning permission in June 2019, subject to completion of a S.106 planning agreement.
Assuming a satisfactory planning permission is issued, it is intended to exercise the option as soon as possible thereafter and acquire the land and then submit a number of reserved matters applications and undertake speculative development in phases alongside build-to-suit requirements. In respect of the latter, buildings can be delivered within 18 months of exchanging an agreement for purchase or lease with an occupier. Freehold and leasehold tenures will be available.
Joint agents Savills (Oxford) and Fields Commercial (Thame) have been appointed to market the scheme and can be contacted by email for further information: Charles Rowton-Lee (Savills) / Mike Holifield (Fields Commercial).