Witney is a large market town, with a population of circa 27,500 (2011 census), located in West Oxfordshire approximately 12.8 miles to the west of Oxford via the A40. The A40 provides access to Cheltenham and the M5 to the west together with the A34 which links to the M4 and M40 motorways to the east. The nearest mainline railway station is at Long Hanborough, 5 miles to the east of Witney, which proivdes a mainline railway connection to London and the Midlands.
Witney has a vibrant town centre which boasts a wealth of amenities, a wide range of local and national retailers, supermarkets, hotels, restaurants and leisure facilities.
Witney’s location on the edge of the Cotswolds and close proximity to the expanding RAF Brize Norton base has helped boost the town’s economy.
The available site is situated to the west of the Town Centre on the corner of Downs Road and Range Road within approximately 500m of the new A40 junction, currently under construction.
This location forms part of the established West Witney commercial area which offers a range of commercial stock from small starter units up to headquarters facilities. Nearby occupiers include Chris Hayter Transport, Abbots Laboratories and Oxford Products.
The site has outline consent for employment uses falling within classes B1, B2 and B8, granted as part of application number 12/0084/P/OP which is for the wider development site and has been approved subject to legal agreement.
The consent is linked to s.106 obligations for public transport subsidiary payments, provision of the access bellmouth and servicing to the employment area.
Whilst the Witney commercial market has arguably been held back by lack of development opportunities, with the subject scheme being the only sizeable site offered to the market in over 10 years, nevertheless the commercial market is otherwise buoyant with good take up relative to the available stock, resulting in rising rental and capital tones.
The principal commercial holdings are to be found in two locations, firstly Avenues 1-4 adjoining Station Lane on the southern side of the town and secondly the area adjoining the subject site in West Witney. Vacancy levels are currently low with only a handful of properties available in both the office and industrial market, with availability and transactional information shown within the data room.
Taken in wider context, Oxfordshire has a lack of deliverable development sites with capacity for medium to larger size businesses, with the County’s main industrial sites catering for large distribution occupiers.
Peashell Farm, OX29 7NZGBWitneyOxfordshireOX29 7NZ
Witney, OX29 7NZ
Peashell Farm, OX29 7NZ
Property type: Land, Commercial Land
Tenure: For Sale Freehold
Location: Peashell Farm, OX29 7NZ
This opportunity comprises of a 10 hectare/24.7 acre (exclusive of the wooded area) commercial development site forming part of the larger West Witney development scheme.
Currently ‘green field’ and used for agricultural purposes the site is largely level with access being from Downs Road.
The site is serviced with infrastructure provided to the boundary although prospective purchasers will have to satisfy themselves on capacity depending on timescales and final use of the land.